en.Wedoany.com Reported - West Australian explorer Midas Minerals (ASX: MM1) has discovered high-grade copper-silver mineralisation in drilling at the southeastern extension of the Spaatzu prospect at the Otavi Copper Project in Namibia, with multiple holes intersecting mineralisation. Hole SPRC094 returned 41m at 1.13% copper and 33.4 g/t silver from 19m, including a higher-grade zone of 20m at 1.83% copper and 63.4 g/t silver from 39m.

Hole SPRC093 returned 37m at 1.11% copper and 29.7 g/t silver from 73m, including two enriched zones: 10m at 1.51% copper and 47 g/t silver from 74m, and 5m at 1.97% copper and 52.8 g/t silver from 98m. Hole SPRC097 returned 29m at 1.47% copper and 37 g/t silver from 86m, including a high-grade zone of 8m at 2.74% copper and 71.9 g/t silver from 102m.

Drilling has confirmed the Spaatzu mineralised zone now extends over a strike length of at least 1,200m, with the entire prospect covering a 4km anomalous trend. The prospect is located 10.5km west of the T-13 copper-silver deposit.

Managing Director Mark Calderwood said the latest drilling results and revised geological interpretation have deepened the company's understanding of the potential of this mineralised corridor, which may extend 4km, with 1.2km currently verified by drilling. The copper-silver mineralisation in the southeastern extension is more continuous than in the northwestern section, and the recent intersections are close to true thickness of the shallow-dipping/shallow-plunging mineralised zone.

The southeastern extension is a blind discovery made by Midas through reinterpretation of the geological and structural setting. Mineralisation is dominated by chalcocite, hosted in the hanging wall of breccia along a northwest-southeast trending fault, with higher-grade copper-silver mineralisation concentrated where the breccia intersects chemically reduced layers.

The company is currently operating seven drill rigs at the Otavi Project, with plans to increase to nine, two of which will continue drilling at Spaatzu, with further results pending. Midas expects to complete initial Mineral Resource Estimates for Spaatzu and Deblin, as well as an updated resource for T-13, in Q1 2027.

The Otavi Project comprises 10 exclusive prospecting licences in Namibia covering a total area of 1,776 square kilometres. Midas announced an initial Inferred Mineral Resource for the T-13 copper-silver deposit in April 2026 of 10.5 million tonnes at 1.60% copper and 21 g/t silver.

Midas Minerals, headquartered in West Perth, is advancing a portfolio of copper, precious metals and lithium projects in Namibia, Western Australia and Canada.