Midas Minerals Says Infill Drilling at Namibia Copper-Silver Deposit Continues to Define Zone, Shares Up 7%

MT Newswires Live06-15 13:44

Midas Minerals (ASX:MM1) said infill drilling at the T-13 copper-silver deposit at the Otavi copper project in Namibia continues to define and refine the high-grade zone, according to a Monday Australian bourse filing.

It encountered intercepts including 51.4 meters at 2.18% grade of copper-equivalent, including 1.68% grade of copper and 26.6 grams per tonne grade of silver from 269 meters, as well as 61 meters at 1.95% grade of copper-equivalent, including 1.53% grade of copper and 22.2 g/t grade of silver, from 282 meters.

Midas also commenced resource drilling at the Deblin deposit and is preparing to drill at several untested targets across Otavi through the second half.

Its shares rose 7% in recent trading on Monday.

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