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Midnight Sun Mining Corp. V.MMA

Alternate Symbol(s):  MDNGF

Midnight Sun Mining Corp. is a Canada-based exploration company. The Company is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambian Copper Belt. It holds a 60% interest in two mineral exploration licenses, 21509-HQ-LEL and 12124-HQ-LPL, (the Solwezi Licenses), which are held by subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited (ZHMI). The Solwezi mineral exploration licenses in Zambia covers approximately 506 km2 and is located adjacent to the copper mine in Africa, First Quantum's Kansanshi copper/gold mine. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. The 22 Zone is situated approximately 20 kilometers (km) northwest of the Solwezi Dome and is less than 10 km from the western mine gate of the Kansanshi Mine complex. Mitu is located in the southwestern portion of the Solwezi Project and features ore shale type mineralization on the flank of the Solwezi Dome.


TSXV:MMA - Post by User

Comment by Sherry35on Jun 15, 2022 10:56pm
183 Views
Post# 34760197

RE:RE:"we are way better off midnight sun going it alone"

RE:RE:"we are way better off midnight sun going it alone" I heard the same thing about RIO falling behind. There was a change in geologists (project leaders) that was not disclosed to MMA for many months. The orginal RIO gelologist was very knowledgeable about the Africian style deposits. Unlike RIO, MMA plans to drill the bordering structure. Anyways,  I for one am happy to see RIO out of the picture.

MMA CEO has rappoprt with major base metals miners Ivanhoe Mines, FQM and Barrick. They have been supportive in the past. AND, FQM wants to spend a YUGE, I mean YUGE, amount of money in Zambia.

To close, not the first time a large company has screwed up. GM was to big to fail and got bailed out in 20082009.


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