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Midnight Sun Mining Corp.
Summary
| Project: | Mitu | |
|---|---|---|
| Deposit: | Mitu | |
| Location: | Zambia | |
| Commodities: | Copper-Cobalt-Nickel | |
| Date: | 8/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Midnight Sun Mining Corp. announces an Exploration/Drilling Update report for its Mitu deposit at the Mitu project. Drilling results incl. 48.0m @ 0.14% Cu, 0.07% Co, 0.05% Ni from 1.5m. Vancouver, British Columbia, August 27, 2018 – Midnight S | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Flindell (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia, August 27, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to report initial results of its Phase One 2018 exploration program on its Zambian copper-cobalt properties, the Solwezi Group of Licences (“Solwezi Licences”) located in the North-Western province of Zambia. Phase One work included 7 diamond drill holes totalling 1,503 meters and 234 air core holes totalling 10,424 meters at the Mitu target, as well as ground and airborne geophysical surveys. The Company has received independent assay results for all submitted diamond drill holes. Significant results from the diamond drill holes, as well as from air core drilling are presented in the Table below. Drill holes MTDD035 and MTDD036 were drilled along a profile within the “Discovery Zone” established in prior years’ drilling. Drill holes MTDD037 and MTDD038 were drilled 300 meters to the southeast where one hole drilled in 2017 had defined the southeast margin of the “Discovery Zone.” These holes indicate continuity of significant copper-cobalt-nickel mineralization between previous holes. Drill holes MTDD039 and MTDD041 tested targets to the northwest and southeast of the Discovery Zone identified by geophysical, soil geochemical and air core drill results. These holes encountered barren lithologies suggesting structural dislocation in these areas. Follow-up drilling is planned to determine the source of these anomalies. The above drilling has shown that the Discovery Zone has a strike length of over 800 meters and a down dip extension of 300 meters. Drill hole MTDD040 tested a prominent geophysical anomaly 5 kilometers to the southeast of the Discovery Zone, identified by geophysical work conducted in 2018. This hole did not return significant metal values, although it did encounter black shales, which are the typical host rocks for the targeted mineralization and follow up drilling in this area is planned. AIR CORE PROGRAM 234 Air Core holes totalling 10,424 meters have been drilled in 2018, with samples being sent for independent assays on 99 of these holes with results received from 35 of these holes to date. The primary purpose of this drilling was to locate areas of black shale lithology with elevated base metal values beneath overburden to direct diamond drilling along the >14 km of indicated strike length of the Mitu trend along the western flank of the Solwezi Dome. Air Core holes also provide indications of possibly exploitable oxide mineralization within the overburden. | |
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