Midas Minerals Ltd has reported its highest-grade drilling intercept to date at the T-13 Copper-Silver Deposit within the Otavi Copper Project in Namibia, with infill drilling returning 50 metres grading more than 7.9% copper equivalent (CuEq).
The latest results form part of preliminary assays from the first nine infill drill holes completed at T-13, where the company is targeting expansion of the existing high-grade Main Zone resource. Additional copper and silver assay results are still pending.
Managing Director Mark Calderwood said the drilling campaign was confirming strong continuity of mineralisation within the deposit.
“Having delivered an initial Inferred Mineral Resource at T-13 of 10.5 million tonnes at 2.0% CuEq, our initial infill drilling is demonstrating excellent continuity for the exceptionally high-grade Main Zone,” Calderwood said.
The standout intercept returned 50 metres grading 5.55% copper and more than 125g/t silver from 194 metres, including a higher-grade interval of 16.3 metres grading 12.99% copper and 360.2g/t silver.
Further drilling intersected 43.2 metres grading 2.05% copper and 44.9g/t silver, alongside several shorter high-grade zones exceeding 7% copper.
The programme also returned 12.1 metres grading 6.59% copper and more than 99.5g/t silver, while another drill hole intersected 15.5 metres grading 4.32% copper and more than 53g/t silver.
Midas said the results support the continuity of high-grade copper-silver mineralisation across multiple zones at T-13 and strengthen the potential for future resource growth.
The company currently has two diamond drilling rigs operating at T-13, while two reverse circulation rigs are active at the nearby Spaatzu target area. Eleven additional drill holes remain pending assay results.
Calderwood said drilling activities would continue throughout 2026 as the company advances resource expansion and exploration across the broader Otavi project area.
“Based on intercepts such as those reported today, I anticipate further infill and extensional drilling to continue at T-13 throughout 2026. With drilling at Spaatzu well underway, we are also about to commence resource drilling at the Deblin Copper-Gold-Silver Deposit and plan to add a fourth diamond drill rig to the programme,” he said.
The Otavi Copper Project is emerging as one of Namibia’s more active copper exploration developments as companies intensify drilling programmes amid growing global demand for copper and critical minerals.
