Midas Minerals has identified up to three high-grade copper positions at its Deblin deposit in Namibia, with assays returning intervals of up to 4.89% copper. The expanding target will now be tested with deeper drilling, additional rigs and metallurgical work ahead of a planned maiden resource estimate in early 2027.
- 7.0m at 4.89% copper from DBDD008
- Three mineralised positions identified within the Askevold Volcanics
- Target corridor extends at least 1,000m along strike and 600m vertically
- Assays pending for 11 of 19 completed core holes
- Maiden Deblin resource estimate targeted for Q1 2027
Midas Minerals Ltd (ASX:MM1) has found what it says may be three separate high-grade copper positions at the Deblin deposit in Namibia, turning an already promising drilling story into a larger resource-definition exercise. The latest results include 7.0 metres at 4.89% copper from 438.8 metres, 6.2 metres at 3.47% copper from 471.3 metres and 9.8 metres at 1.92% copper from 486.5 metres in diamond hole DBDD008.
Multiple High-Grade Zones Intersected
The result builds on the earlier Deblin drilling, which included a 10.9-metre interval grading 5.10% copper. Midas also reported 8.2 metres at 3.22% copper, 17.0 grams per tonne silver and 0.60 grams per tonne gold in DBDD006, while RC hole DBRC031 returned 24 metres at 1.84% copper, including three metres at 8.24% copper.
The mineralisation sits within the Askevold Volcanics and is dominated by the copper sulphides chalcopyrite and bornite, with variable silver, gold and molybdenum. Midas says the target corridor now extends for at least 1,000 metres along strike and to a vertical depth of at least 600 metres, although the true widths of the reported intersections have not yet been established.
Drilling Footprint Expands at Deblin
Three core rigs are currently working at Deblin, with 19 core holes completed and assays still pending for 11 of them. The company plans to add one or two rigs as the target area grows, while DBDD006 is being extended and several earlier holes may also be deepened to test for parallel zones. Midas is now operating eight rigs across the wider Otavi project.
The immediate development milestone is an initial Mineral Resource Estimate for Deblin, alongside an estimate for the Spaatzu deposit and an updated estimate for T-13, all targeted for the first quarter of calendar 2027. The same resource timetable has featured in Midas's T-13 drilling campaign, which reported a high-grade zone remaining open to the west.
Metallurgy Adds a New Test
Sighter metallurgical test work is expected to begin within two weeks, using samples already in Australia. That work will provide an early indication of how the chalcopyrite- and bornite-rich mineralisation responds to processing, but it will not by itself establish whether the deposit can support an economic operation.
For now, Deblin remains an exploration target rather than a declared resource. Pending assays, deeper and step-out drilling, the geometry of the mineralised zones and the results of metallurgical testing will determine whether the impressive down-hole grades translate into a coherent and potentially mineable body ahead of the planned 2027 estimate.
Bottom Line?
The next value-defining evidence will be continuity: pending assays and deeper drilling must show whether Deblin’s high grades connect into a resource-scale system.
Questions in the middle?
- Will the 11 pending core-hole assays confirm multiple continuous mineralised zones?
- What are the true widths and structural orientations of the reported down-hole intersections?
- Can metallurgical testing demonstrate a practical processing path for the chalcopyrite and bornite mineralisation?