Midas Minerals Extends Spaatzu Deposit with High-Grade Copper-Silver Intercepts
Key points
- Wide copper-silver intercepts extend Spaatzu to 1.5km strike
- High-grade mineralisation includes 51m at 0.82% Cu, 19.5g/t Ag
- Initial Resource Estimate for Spaatzu expected in Q1 CY2027
- Metallurgical test work underway in Perth
Full summary
Midas Minerals Ltd has announced significant drilling results from the Spaatzu Deposit at its Otavi Copper Project in Namibia. The latest drilling has extended the south-eastern extension of the deposit, with wide intercepts of medium to high-grade copper and silver mineralisation. Notable results include 51m at 0.82% Cu and 19.5g/t Ag from 80m. The mineralisation is open to the south-east, with assays pending for 19 holes over a further 240m of strike. The deposit is located 10.5km west of Midas' high-grade T-13 Copper-Silver Deposit. Initial Resource for Spaatzu and Deblin, and an updated T-13 Resource, are expected in Q1 CY2027. Metallurgical test work for Spaatzu mineralisation is underway in Perth.
Guidance
Initial Resource Estimate for Spaatzu and Deblin expected in Q1 CY2027
Outlook
Midas Minerals plans to continue step-out drilling at Spaatzu and commence shallow geochemical RC drilling over a wide area of the Merwe dome.
Summary generated by a large language model. Please interpret with care.