Midas Minerals Intersects High-Grade Mineralization at Namibia Copper-Silver Deposit

MT Newswires Live09:25

Midas Minerals (ASX:MM1) confirmed a higher-grade zone at the T-13 copper-silver deposit within the Otavi copper project in Namibia based on assays from six infill holes, according to a Thursday Australian bourse filing.

The intercepts include 46.2 meters at 4.01% grade of copper equivalent, including 2.55% grade of copper and 77 grams per tonne grade of silver from 193.2 meters, as well as 41.9 meters at 3.70% grade of copper equivalent, including 2.58% grade of copper and 59.5 g/t grade of silver from 239.4 meters.

The firm has five drilling rigs operating on the Otavi project, with two diamond rigs at T-13, one reverse circulation drill rig and one diamond drill rig at Deblin, and one reverse circulation drill rig at Spaatzu, with plans for another core rig to commence shortly.

Shares of the firm rose 2% in recent trading on Thursday.

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