Adrian O’Brien, VP of Business Development and Communications at Midnight Sun Mining (TSX.V:MMA – OTC:MDNGF), provides an update on the company’s progress at the Slowezi Project in Zambia, where active exploration is underway across three key targets: Dumbwa, Kazhiba, and Mitu.
Dumbwa – Flagship Target Now 100% Owned
- Midnight Sun has regained full control after KoBold Metals and Midnight Sun mutually agree to terminate the earn-in.
- The project is being advanced under the technical leadership of Kevin Bonnell, PhD, who played a key role in expanding Barrick’s Lumwana project.
- A dipole-dipole IP survey is underway to define drill targets along a 20-kilometer soil anomaly.
- A 7,000 to 10,000-meter drill program will follow in mid-2025.
Kazhiba – High-Grade Oxide and Sulfide Targets
- Previous drilling returned 21 meters of 10.69% copper and 26 meters of 5.6% copper.
- 4,000 meters of RC drilling planned.
Mitu – Advancing to Drill Stage
- Large-scale geochemical survey underway; drilling expected in 2025.
- Includes a previously drilled intercept of 12 meters of 4% copper.
Budget and Funding
- Fully funded with C$10.5 million in the treasury.
- Total 2025 exploration program estimated at C$3 to C$4 million.
- Initial work across all targets is highly cost-efficient, with a C$500,000 budget for the first phase of geophysics and RC drilling.
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