Midnight Sun Reports Additional Drill Results from Solwezi Property
Vancouver, British Columbia, February 12, 2014 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) announces further drill results from the initial reverse circulation (“RC”) drilling program on the Solwezi copper property in northwest Zambia. The initial Solwezi drill program was undertaken in late 2013 and consisted of 1,700 metres drilled in 16 holes.
The “22 Zone”
The following table summarizes the results of the 8 holes drilled to date on the 22 Zone on the Solwezi property.
These results confirm the presence of high grade, near surface copper mineralization at the 22 Zone. The copper is mainly in the form of malachite, a mineral often associated with acid leaching operations.
All assays in excess of 2% were tested for acid solubility and these generally exceeded 95% acid soluble copper. High grade copper samples are being re-assayed for gold content.
The Company considers the 22 Zone to be an attractive target for further work, with the Zone remaining open in three directions, and located within 15km of First Quantum Mineral’s (FQM-T) Kansanshi mine – the largest copper mine in Africa. Midnight Sun plans a follow up program, scheduled for Spring 2014, consisting of additional core and RAB drilling that will focus on identifying the feeder zone structures of the copper mineralization.
The remaining 8 holes in the Solwezi Northwest program tested geophysical and geochemical anomalies several kilometers from the 22 Zone and did not return significant results.
The Company’s recently published technical report on the Solwezi property entitled “Technical Report on the Geology and Exploration Summary of the Solwezi Group of Prospecting Licences,” prepared in accordance with NI 43-101, is available on the company’s website here, as well as on www.sedar.com.
All drilling was carried out by Layne Drilling, a world leader in RC drilling, and assaying was completed by Genalysis Laboratory Services, an accredited lab located in South Africa.
Qualified Control/Quality Assurance: Samples obtained during the RC drilling were collected in two meter intervals and riffle split twice. A 3kg sample was then taken for chemical analysis. Samples 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 Johannesburg, South Africa for final chemical analysis using ICP-MS methods. All samples returning >10,000 ppm Cu were automatically re-checked by Genalysis. In addition, samples taken from holes SLZ-13-RC-001 to SLZ-13- RC-004 were also analyzed for Acid Soluble Cu. Genalysis is a fully accredited Laboratory and sample duplicates, standards and blanks were inserted by Genalysis and verified by the qualified person.
Qualified Person: Adrian Karolko, P.Geo, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.
About Midnight Sun: Midnight Sun is a mineral exploration company with an African focus. The Company has entered into a definitive agreement to option a 60% interest in the Solwezi Licences in Zambia. This option agreement is a part of an ongoing strategic alliance with Kam Chuen Resource Holdings Ltd. 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 licenses. 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
For Further Information Contact:
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.