Midas Minerals Ltd says it has made significant progress towards launching its maiden drilling campaigns in Namibia’s Otavi Copper Province, having secured key operational infrastructure in the town of Otavi.
The company has established an office, core shed, and long-term accommodation to support exploration activities across both the South Otavi and Otavi Copper Projects.
This operational setup comes as Midas continues to advance exploration on the South Otavi Project, where trenching and soil sampling have uncovered widespread in-situ copper mineralisation along a confirmed two-kilometre strike, which remains open along strike.
The best result to date is two metres at 2.41% copper and 28.5g/t silver. The mineralisation occurs in multiple zones within the Askevold metavolcanics, part of the Nosib Group, and is hosted within a 100-metre-wide corridor.
“Midas is undertaking the first documented exploration on the South Otavi copper and gold targets in the past 25 to 50 years. We have managed to locate intermittent in-situ copper mineralisation within the prospective Askevold metavolcanics over at least a two-kilometre strike, under a veneer of shallow soil cover,” said Midas Managing Director Mark Calderwood.
At the same time, Midas is progressing its acquisition of the larger 1,776km² Otavi Copper Project. The Otavi Project includes several high-grade copper prospects and deposits, including T13 and Deblin, where previous drilling returned strong results—such as 17.2 metres at 7.24% copper and 144.4g/t silver at T13, and 15 metres at 4.15% copper at Deblin. Once the acquisition is complete, the company plans to begin resource definition and regional exploration drilling.
Calderwood noted that soil sampling continues over a 5.5-kilometre strike area at South Otavi, with around 400 samples planned.
The company is also reviewing open-file geophysical data, including airborne magnetics, to help refine drill targets.
In addition, Midas is preparing drill pads over a gold anomaly in the western zone of the South Otavi Project, which spans six kilometres by 1.5 kilometres beneath shallow calcrete cover.
“Once we receive the soil sample results and complete the processing of geophysical data, Midas will be in a position to finalise preparations for our first drilling programme since announcing the Namibian acquisitions. At the same time, we are finalising plans for drilling on the larger Otavi Project once the acquisition is concluded,” Calderwood said.
Midas Minerals is a junior exploration company focused on copper and precious metals. The company also holds the Newington and Challa Projects in Western Australia, as well as two lithium projects in Canada. It has entered into an agreement to acquire the Otavi Project in Namibia and holds an option to earn an interest in the South Otavi Project.
