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Midnight Sun Drills 15 Metres Grading 0.73% Copper at Solwezi Properties
Vancouver, British Columbia, March 10, 2016 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) announces results of recently completed core drilling on the Mitu and Dumbwa Central areas of its Solwezi copper-cobalt properties in northwest Zambia. The drill program consisted of 610 meters of HQ core drilled in 5 holes. Significant mineralization was reported in all holes including:
? 0.73% copper and 0.017% cobalt over 15.5 meters and 0.56% copper and 0.015% cobalt over 12.0 meters in hole DC-15-03
including 0.88% copper and 0.024% cobalt over 6.2 meters;
? 0.38% copper over 24.0 meters in hole DC-15-02
including 0.55% copper and 0.015% cobalt over 15.1 meters
? 0.17% copper over 20.2 meters in hole DC-15-01
? 0.22% copper and 0.022% cobalt over 15 meters in hole M-15-02
The following table summarizes the assay results of the recently completed 5 drill holes:
This drill program targeted two areas, Mitu and Dumbwa Central, on the Company’s Solwezi properties. The Solwezi property is located approximately 15km southwest of the Kansanshi mine, the largest copper mine in Africa, which is operated by First Quantum Minerals (FM.T). Further drilling on MMA’s primary Solwezi property target, the 22 Zone, was deferred until later in 2016 in order to obtain assessment credits on the adjoining permit. Highlights from previously reported drilling on the 22 Zone include;
? 5.71% copper over 14.2 meters, including 9.58% copper over 7.2 meters
? 5.08% copper over 8.0 meters; and
? 6.27% copper over 4.5 meters.
Note: The above reported lengths are intercept lengths and not estimated true widths
“Drilling to date has confirmed the presence of three high potential zones in the Solwezi area, namely the 22 Zone, Dumbwa Central and Mitu.” commented Bob Sibthorpe, President and CEO. “All three have potential for surface oxide mineralization and hard rock sulfide mineralization at depth. The copper grades reported from Dumbwa Central, DC-15-03 and DC-15-02, approximate the latest resource grade estimates from Kansanshi and Sentinel, the two closest copper mines. Hole M-15-02 ended in cupriferous black shale, a unit associated with some 80% of all copper production in Zambia. This was the first time that this rock unit has been encountered on the Solwezi permits, and its presence is very exciting. A program for 2016 including geophysical and geochemical surveying and follow up drilling is being prepared.”
All drilling in this program was carried out by Blu Rock Drilling and assaying was performed by Genalysis Laboratory Services, an internationally accredited lab. Minor silver values were associated with higher grade copper samples.
Qualified Control/Quality Assurance: Samples obtained during core drilling were transported directly to Genalysis Laboratories in Chingola, Zambia by Midnight Sun personnel for sample preparation. Samples were sorted, dried, crushed, and pulped before being sent to Perth, Australia for final chemical analysis using ICP-MS methods. All samples returning >20,000 ppm Cu were automatically re-checked by Genalysis. Genalysis is a fully accredited Laboratory and sample duplicates, standards and blanks were inserted by Genalysis and verified by the qualified person.
Qualified Person: Warren Robb, P.Geo, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.
ON BEHALF OF MIDNIGHT SUN MINING CORP.
Robert Sibthorpe B.Sc.(Geology), M.B.A. President & CEO
For Further Information Contact:
Al Fabbro Director
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 commodity prices, 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.