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Be the first with the news that moves the market- Copper mining stock Midnight Sun Mining (TSXV:MMA) uncovered high grades during 2022 drilling on the Mitu Trend on its Solwezi Project in Zambia
- Highlights include 11.50 metres at 1.41 per cent copper, 26.10 m at 0.32 per cent copper and 22.25 m at 0.39 per cent copper, suggesting the presence of numerous large deposits
- Midnight Sun Mining is exploring its flagship Solwezi Project in Zambia’s Copper Belt, the second-largest copper producing region in the world
- The copper mining stock (TSXV:MMA) opened unchanged, trading at $0.21 per share
Copper mining stock Midnight Sun Mining (TSXV:MMA) uncovered high grades during 2022 drilling on the Mitu Trend on its Solwezi Project in Zambia.
The company re-assayed select drill core from November 2022 laboratory results to confirm accuracy and encountered significant mineralization associated with cobalt, nickel and anomalous gold. The mineralization is comparable in style and grade to First Quantum‘s Sentinel Mine approximately 120 kilometres to the west.
“Our 2022 exploration program has accomplished precisely what we had hoped for, which is proof of concept. We have long believed that there could be multiple large geological systems on our 506 square kilometre property, and this not only establishes an analog for Mitu, but strengthens our belief that more than one generational copper deposit may exist on our property,” Al Fabbro, Midnight Sun‘s president and CEO, said in a statement.
Significant downhole intercepts
| Hole | From (m) | To (m) | Interval (m) | Au g/t | Cu (%) | Co (%) | Nickel (%) | Cu Eq (%) |
| MTDD043 | 32.00 | 34.80 | 2.80 | not assayed | 0.12 | 0.01 | 0.20 | 0.65 |
| MTDD044 | 9.00 | 12.00 | 3.00 | not assayed | 0.10 | 0.00 | 0.01 | 0.16 |
| MTDD044 | 13.15 | 16.00 | 2.85 | not assayed | 0.12 | 0.01 | 0.02 | 0.24 |
| MTDD044 | 18.95 | 31.00 | 12.05 | not assayed | 0.14 | 0.00 | 0.02 | 0.23 |
| MTDD044 | 51.00 | 55.00 | 4.00 | 0.01 | 0.19 | 0.02 | 0.01 | 0.35 |
| MTDD044 | 60.00 | 64.85 | 4.85 | not assayed | 0.46 | 0.02 | 0.02 | 0.69 |
| MTDD044 | 98.00 | 110.00 | 12.00 | not assayed | 0.18 | 0.01 | 0.02 | 0.29 |
| MTDD044 | 113.50 | 125.0 | 11.5 | 0.10 | 1.41 | 0.11 | 0.03 | 1.92 |
| MTDD045 | 52.00 | 57.00 | 5.00 | not assayed | 0.18 | 0.01 | 0.09 | 0.43 |
| MTDD045 | 146.30 | 149.00 | 2.70 | not assayed | 0.14 | 0.01 | 0.01 | 0.22 |
| MTDD045 | 149.00 | 156.30 | 7.30 | not assayed | 0.58 | 0.02 | 0.02 | 0.72 |
| MTDD045 | 157.00 | 168.00 | 11.00 | 0.07 | 0.23 | 0.01 | 0.01 | 0.31 |
| MTDD045 | 171.30 | 174.00 | 2.70 | not assayed | 0.18 | 0.05 | 0.01 | 0.39 |
| MTDD047 | 14.40 | 17.40 | 3.00 | not assayed | 0.39 | 0.01 | 0.01 | 0.46 |
| MTDD047 | 36.40 | 42.90 | 6.50 | not assayed | 0.19 | 0.01 | 0.02 | 0.28 |
| MTDD047 | 79.30 | 105.4 | 26.10 | not assayed | 0.32 | 0.07 | 0.05 | 0.72 |
| MTDD048 | 32.40 | 45.90 | 13.50 | not assayed | 0.23 | 0.01 | 0.03 | 0.34 |
| MTDD048 | 71.50 | 93.75 | 22.25 | not assayed | 0.39 | 0.01 | 0.01 | 0.45 |
Copper equivalent values are estimated using current metal prices of $3.75/lb copper, $15/lb cobalt and $9.25/lb nickel. Gold has not been included in the equivalent calculation.
Midnight Sun Mining is exploring its flagship Solwezi Project in Zambia’s Copper Belt – the second-largest copper producing region in the world – led by an experienced geological team with multiple discoveries and mines to their credit.
The copper mining stock (TSXV:MMA) opened unchanged, trading at $0.21 per share.
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