Midnight Sun Intercepts 7.39% Cu over 14.86m Including 16.9% Cu over 4m at Kazhiba Main
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The November 4, 2025 news release announces initial assay results from the 2025 due diligence diamond drilling program at the Kazhiba Main target on its Solwezi project in Zambia. The headline result is from hole MSZ-25-029E, which intercepted 14.86 meters grading 7.39% copper (Cu), including a higher-grade interval of 4.0 meters at 16.9% Cu. This drilling was designed to verify previous Reverse Circulation (RC) drill results.
The release also confirms that the 2025 resource-definition drill campaign at Kazhiba Main is complete, with 163 holes totaling 5,243 meters drilled. The company is now advancing toward a maiden NI 43-101 resource estimate for Kazhiba Main, which is expected to be completed in Q4 2025.
Furthermore, an RC drilling program has now commenced at the nearby Kazhiba East target, where 100 holes are planned to test three large copper-in-soil anomalies.
This news is materially positive. The drill results are exceptional and serve to de-risk the Kazhiba Main oxide project significantly.
- Confirmation and Improvement: The primary purpose of this diamond drilling was to verify previous RC results from 2024, which is a critical step before calculating a maiden resource. Not only did the diamond drill hole confirm the high-grade nature of the mineralization, but the intercept of 14.86m of 7.39% Cu is arguably better than the spectacular results announced in January 2025 (e.g., 21.0m of 10.69% Cu), solidifying the grade profile of the deposit. This increases confidence in the geological model and the quality of the upcoming resource estimate.
- Execution and Timeline: The announcement confirms the completion of the resource definition drilling at Kazhiba Main and reiterates the timeline for a maiden resource estimate by the end of Q4 2025. This provides a clear, near-term, value-driving catalyst for the company. Management is demonstrating it can execute on its stated plans.
- Strategic Progress: Following the successful and heavily oversubscribed C$30.5M financing that closed just a week prior, this news shows the company is immediately and effectively deploying that capital to advance its key asset. It builds on the narrative that the Kazhiba oxide deposit, under a co-operative exploration plan with neighbor First Quantum Minerals, has the potential for a near-term production path.
- Context of Historical News: The company's trajectory in 2025 has been transformational. It started with stellar drill results from Kazhiba in January, followed by the termination of the KoBold earn-in at the Dumbwa target (retaining 100% control), an aggressive multi-target exploration ramp-up, and culminating in the massive C$30.5M financing in October. This latest news is another key milestone, reinforcing the potential of Kazhiba as the company's lead asset while it continues to explore the larger-scale Dumbwa target.
While the market may have anticipated good results, these high-grade intercepts should be very well-received and build significant positive momentum heading into the maiden resource calculation.
Midnight Sun Mining Corp. is a Canadian exploration company focused on its Solwezi Project in the Zambian Copperbelt, one of the world's most prolific copper-producing regions. The project is adjacent to First Quantum Minerals' Kansanshi Mine, Africa's largest copper mine.
The Solwezi project contains multiple targets: - Kazhiba: The current flagship project, featuring a high-grade, near-surface oxide copper deposit. The company is fast-tracking this target towards a maiden resource estimate under a co-operative exploration plan with First Quantum, which could provide a path to near-term cash flow by processing ore at the nearby Kansanshi complex. - Dumbwa: A very large (20 km long), basement-hosted sulphide copper target with a geological setting analogous to Barrick Gold's giant Lumwana Mine. This target represents the company's "blue-sky" potential for a world-class discovery. - Mitu & Luswishi Dome: Additional earlier-stage exploration targets for both oxide and sulphide copper.