Midas Minerals has reported a substantial 52m mineralised intercept at its Spaatzu Prospect in Namibia, highlighting widespread high-grade copper and silver mineralisation and advancing its Otavi Copper Project exploration.
- 52m mineralised intercept averaging 1.8% Cu and 11g/t Ag in drill hole SPRC062
- Additional strong intercepts include 13m at 1.77% Cu and 21m at 1.18% Cu
- Drilling confirms structurally controlled high-grade and broader stratabound mineralisation
- Two RC rigs active at Spaatzu with further results expected in May
- Project located near high-grade T-13 deposit with ongoing diamond drilling
Significant Extension of Spaatzu Mineralisation
Midas Minerals Ltd (ASX:MM1) has unveiled a major extension of high-grade copper and silver mineralisation at its Spaatzu Prospect within the Otavi Copper Project, Namibia. The standout result comes from reverse circulation drill hole SPRC062, which intercepted a 52-metre mineralised interval including a 32-metre section averaging 1.8% copper and 11 grams per tonne silver starting from 152 metres depth. Notably, a 12-metre subsection within this interval returned elevated grades of 2.6% copper and 15 g/t silver, based on portable XRF (pXRF) readings pending laboratory confirmation.
This intercept lies roughly 300 metres west of the initial discovery hole MORC006, helping to define the down-plunge orientation of the high-grade zone. Managing Director Mark Calderwood emphasised that SPRC062’s width and grade strength provide crucial vectors for ongoing exploration, with laboratory assays from previous holes typically confirming or exceeding pXRF results.
Widespread and Complex Mineralisation Styles
Beyond SPRC062, other recent drilling highlights include 13 metres at 1.77% copper and 39.5 g/t silver from 72 metres in SPRC003, featuring an 81 g/t silver five-metre high-grade segment, and 21 metres at 1.18% copper and 37.9 g/t silver from 27 metres in SPRC004. These results underscore a mineralising system characterised by both structurally controlled high-grade copper-silver zones and broader stratabound copper-lead mineralisation within the Ombombo Subgroup and Chuos diamictite formations.
The Spaatzu Prospect covers a 2.5-kilometre copper soil anomaly on the northern flank of the Merwe dome, where complex structural geology including oblique faulting, folding, and brecciation controls mineralisation. The system shows metal zonation with manganese, barite, and sulphides supporting a hydrothermal model. Compared to the nearby T-13 deposit, Spaatzu exhibits a broader metal association and a mix of mineralisation styles that could enhance resource potential.
Active Drilling and Regional Positioning
Midas currently operates two reverse circulation rigs at Spaatzu and two diamond core rigs at the high-grade T-13 deposit located 12 kilometres to the east. With 77 RC holes drilled to date over 1 kilometre of strike at Spaatzu, the company is building a robust geological framework to guide further exploration. Additional assay results from 34 holes drilled in 2026 are pending, with more updates expected in May.
The Otavi Project’s location in Namibia, ranked 4th in Africa for mining investment attractiveness by the Fraser Institute, adds a layer of jurisdictional confidence. Namibia’s stable democracy, supportive mining policies, and solid infrastructure underpin Midas’s exploration efforts in the region. The company’s recent acquisition of Otavi included historic shallow high-grade intercepts such as 17.2 metres at 7.24% copper and 144.4 g/t silver, highlighting the project’s upside and complementing the current drilling campaign.
This latest batch of results builds on the company’s earlier discoveries at Spaatzu, following the initial high-grade copper-silver hits reported in January 2026. The ongoing drilling momentum and expanding target portfolio are positioning Midas Minerals as a notable copper explorer in Namibia’s emerging copper belt, with the potential to grow its resource base significantly high-grade copper-silver hits.
Bottom Line?
Pending laboratory assays and downhole surveys will be key to unlocking the true scale and grade continuity of Spaatzu’s mineralisation, setting the stage for potential resource delineation.
Questions in the middle?
- Will laboratory assays confirm or exceed the preliminary pXRF copper and silver grades for SPRC062?
- How will downhole surveys refine the understanding of mineralisation geometry and true widths at Spaatzu?
- Can Midas extend the high-grade zones beyond the current 1-kilometre strike length to support a resource upgrade?