Midas Minerals Announces High-Grade Copper-Silver Intercepts at Spaatzu
Key points
- Multiple significant drill intercepts at the Spaatzu Prospect
- High-grade copper and silver intercepts include 41m at 1.13% Cu, 33.4g/t Ag
- Mineralisation extends for at least 1,200m strike
- Midas has two rigs at Spaatzu with further results pending
Full summary
Midas Minerals Ltd has announced significant high-grade copper-silver intercepts from the Spaatzu Prospect at its Otavi Copper Project in Namibia. The latest drilling results highlight multiple significant intercepts, including 41m at 1.13% Cu and 33.4g/t Ag from 19m. The mineralisation extends for at least 1,200m strike, with the overall Spaatzu prospect anomalism extending over 4km of strike. The company has two rigs at Spaatzu to continue exploration and resource drilling, with further results pending. Midas is well-funded with $29.2M in cash at 30 June 2026, and plans to complete Mineral Resource Estimates for Spaatzu, Deblin, and T-13 in Q1 CY2027.
Guidance
Initial Resource for Spaatzu and Deblin and updated T-13 Resource expected in Q1 CY2027
Outlook
Midas is working to have Mineral Resource Estimates completed for T-13, Spaatzu, and Deblin in Q1 2027.
Summary generated by a large language model. Please interpret with care.