MM1 Price sensitive 6 Oct 2026, 9:33 AM

Midas continues to grow T-13 high-grade copper-silver zone

Midas Minerals Ltd

Midas Minerals Reports High-Grade Copper-Silver Results at T-13

Key points

  • Midas Minerals reports significant copper-silver intercepts at T-13
  • Hole T13DD034 shows 22.6m at 6.01% CuEq
  • High-grade mineralization remains open to the west
  • Updated Mineral Resource Estimate planned for Q1 2027
  • Drilling momentum to increase with arrival of eighth rig

Full summary

Midas Minerals Ltd has announced further high-grade copper and silver results from infill drilling at the T-13 Copper-Silver Deposit in Namibia. The drilling has focused on defining the geometry and grade continuity of the high-grade portion of the Main Zone. Notable results include a 22.6m intercept at 6.01% CuEq from hole T13DD034, including a 10m section at 11.55% CuEq. The mineralisation remains open to the west, indicating potential for further growth. The company is accelerating drilling to complete infill drilling of a large portion of the T-13 deposit before updating the Mineral Resource Estimate in Q1 2027. Midas currently operates seven rigs across the Otavi Project and expects an eighth rig to arrive this week, enhancing drilling momentum.

Guidance

Updated Mineral Resource Estimate for T-13 expected in Q1 2027

Outlook

Midas Minerals is optimistic about the potential of the T-13 deposit, with ongoing drilling expected to further define the deposit and potentially increase the Mineral Resource Estimate.

Summary generated by a large language model. Please interpret with care.

Sign in for more about this company, including guidance changes and other insights.
Sign in