Key points
- Midas Minerals reports high-grade copper intercepts at Deblin deposit in Namibia
- Significant results include 10.9m at 5.10% Cu from 362.5m and 5.7m at 8.85% Cu from 365.4m
- Mineralisation extends over at least 1,000m of strike and 500m down dip
- Two diamond rigs currently drilling at Deblin, with an additional rig expected
Full summary
Midas Minerals Limited has announced additional high-grade copper intercepts from drilling at the Deblin deposit in Namibia. Notable results include 10.9 meters at 5.10% copper from 362.5 meters, including 5.7 meters at 8.85% copper from 365.4 meters. Other significant intercepts include 12 meters at 1.65% copper from 162 meters, 8.3 meters at 1.81% copper from 373.8 meters, and 9 meters at 1.67% copper from 257 meters. The Deblin deposit shows mineralisation extending for at least 1,000 meters of strike and 500 meters down dip, with wide-spaced drilling identifying multiple higher-grade subzones. Two diamond rigs are currently drilling at Deblin, with an additional rig expected to arrive within a month. Updated Mineral Resource estimates for the T-13 deposit and maiden estimates for Deblin and Spaatzu deposits are on track for delivery in Q1 CY2027.
Guidance
Updated Mineral Resource estimates for T-13 deposit and maiden MREs for Deblin and Spaatzu deposits on track for Q1 CY2027
Outlook
Midas Minerals plans to increase exploration efforts with an additional diamond drill rig and expects a strong flow of results through 2H 2026.