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Midnight Sun Mining Makes Potential "Game-changer" Copper Discovery at Zambia Property
Midnight Sun Mining President and CEO Al Fabbro said recent drilling at the company’s Solwezi project in Zambia shows high-grade-looking copper in the Mitu area.
Midnight Sun Mining makes potential ‘game-changer’ copper discovery at Zambia propertyyoutu.be
It’s been “good hunting” for Midnight Sun Mining (TSXV:MMA,OTCQB:MDNGF) as it continues to gain momentum with its copper exploration in the Zambian-Congo Copperbelt in Africa.
Midnight Sun Mining, a mid-stage copper and cobalt exploration company, owns 80.65 percent of the Solwezi licenses in Zambia, which cover 506 square kilometers adjacent to the Kansanshi mine, the largest copper-mining complex in Africa, owned by First Quantum Minerals (TSX:FM,OTC Pink:FQVLF).
“The jurisdiction is excellent and the geology is spectacular,” remarked Al Fabbro, president and CEO of Midnight Sun Mining.
After years of exploration, the company’s recent drilling program found high-grade-looking copper in the Mitu area of the Solwezi project, according to Fabbro. The ore has since been sent for assays and is awaiting results.
“This could be a game changer. It's early days, yet again; we always fight this problem of continuity. We think we figured it out, but it's going to take a lot more drilling to do that,” Fabbro said.
The Copperbelt hosts some of the world’s richest mines, with operators that include Barrick Gold (TSX:ABX,NYSE:GOLD), Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), Glencore (LSE:GLEN,OTC Pink:GLNCF), Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) and First Quantum.
The Kansanshi mine alone contains more than 2 billion pounds at 1 percent copper, while 150 kilometers north of Solwezi in the Congo Ivanhoe Mines has more than 100 billion pounds of copper deposits, Fabbro said. To the west of the Solwezi are another 30 billion pounds of copper, he added. “We are in a good neighborhood, and it has great infrastructure,” he noted.
Watch the full interview of Midnight Sun Mining CEO Al Fabbro above.
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