Midas Expands Copper Exploration Momentum with Promising Deblin Drill Results
Midas Minerals Ltd (ASX: MM1) has delivered encouraging early exploration progress at the Deblin Copper-Gold-Silver Deposit within its Otavi Copper Project in Namibia. The company's first diamond drilling program identified two broad intervals of visible copper sulphide mineralisation in the initial hole, while the following two holes also encountered extensive zones containing chalcopyrite, bornite and chalcocite. Although these observations await laboratory confirmation, the results strengthen confidence in the geological potential of the deposit and support the company's strategy of expanding its copper resource base. Analytical results from the first three drill holes are expected during the September quarter.
Exploration activities continue to accelerate, with six drilling rigs operating across the Otavi Project, including three dedicated to the Deblin area. Midas intends to advance systematic drilling along the 1.1-kilometre mineralised corridor while testing additional regional targets. The company is targeting an updated Mineral Resource Estimate for the T-13 deposit by the end of 2026, followed by the maiden Mineral Resource Estimate for Deblin in early 2027, providing a strong foundation for future project growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Midas Expands Copper Exploration Momentum with Promising Deblin Drill Results
Midas Minerals Ltd (ASX: MM1) has delivered encouraging early exploration progress at the Deblin Copper-Gold-Silver Deposit within its Otavi Copper Project in Namibia. The company's first diamond drilling program identified two broad intervals of visible copper sulphide mineralisation in the initial hole, while the following two holes also encountered extensive zones containing chalcopyrite, bornite and chalcocite. Although these observations await laboratory confirmation, the results strengthen confidence in the geological potential of the deposit and support the company's strategy of expanding its copper resource base. Analytical results from the first three drill holes are expected during the September quarter.
Exploration activities continue to accelerate, with six drilling rigs operating across the Otavi Project, including three dedicated to the Deblin area. Midas intends to advance systematic drilling along the 1.1-kilometre mineralised corridor while testing additional regional targets. The company is targeting an updated Mineral Resource Estimate for the T-13 deposit by the end of 2026, followed by the maiden Mineral Resource Estimate for Deblin in early 2027, providing a strong foundation for future project growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au