Midnight Sun's Kazhiba Target Yields High-Grade Oxide Copper

Midnight Sun Mining Corporation (TSXV: MMA) (OTC Pink: MDNGF) has announced significant results from its 2024 oxide copper drilling program at the Kazhiba Target in Zambia. The company intersected high-grade copper mineralization, including 10.69% copper over 21 metres, 5.60% copper over 26 metres, and 3.01% copper over 15 metres. These results validate the potential of the Kazhiba Target and establish continuity of a near-surface oxide copper blanket.

The Kazhiba Target was originally identified by a weakly elevated copper-in-soil anomaly, which was later confirmed to be due to significant quantities of malachite fragments in transported overburden. The recent drilling program successfully validated and confirmed the potential oxide copper resource at the Kazhiba Target, establishing continuity, distribution, and grade of this mobilized, near-surface oxide copper blanket. The mineralization appears to extend north-northeast and remains open, with 13 additional RC holes planned to test this extension in April 2025.



Midnight Sun's President & CEO, Al Fabbro, stated: "We believed that high-grade, at-surface oxide copper mineralization encountered during previous work programs at our Kazhiba and Mitu Targets, was significant. We now have proof of concept. Oxide copper represents a tremendous value-driver for our Solwezi Project. By demonstrating that the mineralization has grade, scale, and growth potential, we intend to leverage the opportunity toward significant potential near-term cash flow. In parallel, we are excited to unlock the potential of the multiple large scale sulfide targets hosted within our property boundaries. Our geological team, led by our COO, Kevin Bonel, have delivered a successful drill program, complete with impressive high-grade intercepts, and an established mineralized footprint forming the basis to develop a resource. We have room to extend and expand the mineralized footprint at Kazhiba, and a geological thesis as to how this high-grade mobilized oxide copper blanket came to be in its current location. We have executed and delivered the first major steps in our Cooperative Exploration Program with First Quantum, and we will continue to demonstrate both the optionality and true value of this incredible project, through our two-fold attack plan."

The Kazhiba Target's mineralization is being internally modeled as a transported occurrence, with the recent work indicating areas of extension. Midnight Sun Mining Corporation (MMA) intends to follow up with additional drilling later in 2025, focusing on further extending this initial oxide copper footprint, finding more of these transported occurrences, and trying to confirm the primary sulfide source of the secondary oxide copper at Kazhiba.

In addition to the Kazhiba Target, the Solwezi Project hosts multiple large-scale sulfide targets within its property boundaries. Midnight Sun Mining's two-fold attack plan involves leveraging the potential near-term cash flow from the oxide copper mineralization while also unlocking the potential of these sulfide targets. This strategy allows the company to explore both near-term opportunities and long-term value creation within the Solwezi Project.

The geological implications of the Kazhiba Target's mineralization, combined with the company's two-fold attack plan, suggest that future exploration strategies within the Solwezi Project should focus on further evaluating the potential of the Kazhiba Target and other oxide copper occurrences, as well as exploring the multiple large-scale sulfide targets hosted within the property boundaries. This approach will help Midnight Sun Mining Corporation demonstrate the optionality and true value of the Solwezi Project.

In conclusion, Midnight Sun Mining Corporation's recent drilling program at the Kazhiba Target has yielded high-grade oxide copper mineralization, validating the potential of the target area and establishing continuity of a near-surface oxide copper blanket. The company's two-fold attack plan, focusing on both near-term cash flow opportunities and long-term value creation, positions Midnight Sun Mining Corporation well to unlock the full potential of the Solwezi Project.