Midnight Sun Intercepts 7.39% Cu over 14.86m Including 16.9% Cu over 4m at Kazhiba Main

Core Insights - Midnight Sun Mining Corp. has reported significant assay results from its 2025 drilling campaign at the Kazhiba Main target, with a notable intercept of 7.39% copper over 14.86 meters, including 16.9% over 4 meters [2][4] - The company is advancing towards a maiden resource estimate, expected to be completed in Q4 2025, following a comprehensive drilling program [3][4] Drilling Results - The 2025 drilling campaign at Kazhiba Main has completed 163 holes totaling 5,243 meters, with ongoing diamond drilling expected to continue through November 2025 [3][4] - The initial results from the diamond drilling include high-grade intervals, with previous 2024 RC drilling returning notable grades such as 10.69% copper over 21.0 meters [6][7] Due Diligence and Verification - A due diligence diamond drilling program was initiated to address previous sampling issues, confirming that reported voids were likely misidentified due to technical issues during drilling [7][8] - The company is redrilling 41 holes to obtain a complete soil profile and verify mineralization, with early observations suggesting significant copper intercepts [7][8] Expansion Potential - The Kazhiba East RC drilling program has commenced, targeting three Partial Ionic Leach soil sample copper anomalies, with plans for a total of 100 RC drill holes [5][6] - The geological profile of Kazhiba East is similar to Kazhiba Main, indicating potential for additional near-surface oxide resources [5][6] Company Strategy and Goals - Midnight Sun's President & CEO emphasized the systematic approach towards defining the Kazhiba resource, highlighting the high-grade, near-surface opportunity [4][17] - The company aims to establish a solid understanding of the mineralized footprint to support future resource development in the Zambia-Congo Copperbelt [17]