Midnight Sun Mining Corp.
TSX VENTURE : MMA

Midnight Sun Mining Corp.

November 14, 2013 11:36 ET

Midnight Sun Mining Corp. Initiates Drilling at Solwezi

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) - Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX VENTURE:MMA) announces the commencement of drilling on the Solwezi copper property in northwest Zambia. The initial drill program is contracted for 3,000 meters of reverse circulation drilling ("RC") and will test several targets identified by previous operators. All targets are within 10 km of the Kansanshi mine, the largest copper mine in Africa, which is operated by First Quantum Minerals (FQM-T).

Solwezi Northwest: in late 2012, a previous operator reportedly intercepted 8.3% copper in a core drill hole from 19-38 meters below surface. Core recoveries were poor due to deep weathering of the rock. Re-sampling of this core as a part of the Company's recently filed NI 43-101 compliant report entitled "Technical Report on the Geology and Exploration Summary of the Solwezi Group of Prospecting Licences" (available on the company's website here) confirmed high grade copper in the core. The current drill program will attempt to validate this historic drill intercept and test the surrounding area for additional zones and continuity of mineralization. Soil sampling conducted by Midnight Sun in October 2013 expanded the anomalous area around the discovery hole and delineated additional copper anomalies several kilometers to the south.

At Solwezi Northwest a recently completed geophysical survey using an electromagnetic system (NSAMT), which has been employed successfully at the Kansanshi Mine, indicated the presence of conductive horizons underlying the drill and soil geochemical anomalies found to date.

Kifubwa Copper-Nickel Anomalies: in 2010, a previous operator outlined significant nickel and copper soil anomalies overlying the favourable Upper and Lower Roan Formations which host numerous deposits in the Zambian Copperbelt including the new. These anomalies will be drill tested as part of the current drill program.

All drilling will be carried out by Layne Drilling, a world leader in RC drilling, and assaying will be done by Genalysis Laboratory Services, an accredited lab located in South Africa.

Qualified Person: Adrian Karolko, P.Geo, a Qualified Person under NI 43-101, has reviewed and approved the contents of this release.

About Midnight Sun: Midnight Sun is a mineral exploration company with an African focus. On May 9, 2013 the Company announced it had signed a letter of intent to option a 60% interest in the Solweizi Licences. This Option Agreement is a part of an ongoing strategic alliance with Kam Chuen Resource Holdings Ltd ("Kam Chuen"). Kam Chuen holds an exclusive prospecting license portfolio of over 150 exploration permits covering over 100,000 km2 in five African countries. As a result of this Strategic Alliance, Kam Chuen has agreed to provide Midnight Sun with full access to its portfolio, as well as first right of refusal regarding the optioning of any of Kam Chuen's exploration permits. In exchange, Midnight Sun has agreed to offer Kam Chuen technical expertise in the management and selection of properties.

ON BEHALF OF THE BOARD

Robert Sibthorpe, B.Sc.(Geology), M.B.A., President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in the price of gold, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Contact Information

  • Midnight Sun Mining Corp.
    Al Fabbro
    Director
    604-351-8850