Midas Minerals says recent reverse circulation (RC) drilling has confirmed strong copper and silver results at its Spaatzu Prospect within the Otavi Copper Project in Namibia.
According to the company, drilling has identified significant mineralisation approximately 300 metres west of the original discovery hole, indicating an expanding mineralised system.
Drillhole SPRC062 intersected a 52-metre mineralised zone, with portable XRF (pXRF) readings indicating a 32-metre interval averaging 1.8% copper and 11g/t silver from a depth of 152 metres. Within this interval, a higher-grade section returned 12 metres at 2.6% copper and 15g/t silver.
“As drilling continues at the Spaatzu Prospect, we are gaining a clearer understanding of the orientation of the significant high-grade copper-silver mineralisation discovered a few months ago. Mineralisation is widespread and includes higher-grade structurally controlled zones as well as broader stratabound styles,” said Midas Managing Director Mark Calderwood.
Additional assay results from earlier drilling have also reinforced the scale and consistency of mineralisation. These include 13 metres grading 1.77% copper and 39.5g/t silver from 72 metres in hole SPRC003, and 21 metres grading 1.18% copper and 37.9g/t silver from 27 metres in hole SPRC004. Both intersections include higher-grade zones exceeding 3% copper and 80g/t silver.
To date, Midas has completed 77 RC holes totalling 8,772 metres across roughly one kilometre of strike, with drilling ongoing to refine geological controls and mineralisation trends. Two RC rigs remain active at Spaatzu, with further results expected in May.
The company noted that laboratory assays typically confirm or exceed pXRF readings, with full analytical results for SPRC062 still pending.
“Hole SPRC062 is significant due to the overall width and strength of mineralisation intercepted, helping us define the down-plunge orientation from the original discovery hole MORC006. Laboratory assays typically report similar or higher copper, silver and lead grades than pXRF readings at Spaatzu,” Calderwood said.
Spaatzu is located about 12 kilometres west of the high-grade T-13 copper-silver deposit, where Midas is currently undertaking diamond drilling. The prospect forms part of a broader 2.5-kilometre copper soil anomaly and is characterised by structurally complex geology, including both high-grade vein-style and wider stratabound mineralisation.
