Midas Minerals (ASX:MM1) has extended its copper-silver-lead-manganese mineralised corridor at the Spaatzu prospect in Namibia to at least 800m strike.
Assays confirm mineralisation 300m west of the discovery hole, with standout results from recent reverse circulation (RC) drilling including 52m at 1.19% copper (Cu), 8.70 grams per tonne silver (Ag), and 1.93% lead (Pb) from 148m in hole SPRC062, including 30m at 1.87% Cu and 12.70g/t Ag from 152m.
Other significant intercepts include 33m at 0.76% Cu, 17.80g/t Ag, 1.69% Pb, and 117 parts per million (ppm) molybdenum (Mo) from 18m in SPRC045; and 16m at 0.76% Cu, 26.80g/t Ag, 2.36% Pb, and 215ppm Mo from 205m in SPRC063.
“We’ve identified that the Cu-Ag-Pb-Mo-Mn mineralised corridor at Spaatzu now extends for at least 800m strike,” Managing Director Mark Calderwood says.
“RC drilling is continuing to test shallower IP targets, which have been identified over 2km strike.”
Core drilling has commenced to provide understanding of structural controls at the local scale.
Drilling indicates the copper-silver mineralisation is hosted along a west-northwest-trending fault, with higher-grade mineralisation localised where structures intersect favourable lithologies within the Ombombo Subgroup.
Spaatzu exhibits structural and stratabound styles, with higher-grade copper-silver along structures and broader stratabound mineralisation comprising disseminated copper-lead with minor zinc.
The company currently operates six drill rigs across the Otavi Project, with further drill results pending.
Midas Minerals is a copper and precious metals explorer advancing the flagship Otavi Project in Namibia, alongside the Challa Project in Western Australia and two lithium projects in Canada.
Write to JC Villarba at Mining.com.au
Images: Midas Minerals
