Midas Minerals has commenced drilling at the Otavi Copper Project in Namibia as part of an exploration ramp-up following receipt of final third-party approvals for the acquisition of the 1,776km² licence package.
The Otavi copper drilling campaign begins ahead of expected transaction completion prior to the end of 2025, with initial work targeting the T-13 deposit and the Spaatzu prospect.
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With completion imminent, the company has mobilised two diamond drill rigs at the T-13 deposit and one reverse circulation (RC) rig at the Spaatzu prospect, formerly known as Monty.
Additional drilling is planned at the Deblin Segen, also called Driekoppies, Devon and Hartebeesport prospects, with scheduling contingent on the duration and intensity of Namibia’s wet season.
Prior drill intercepts at the Otavi project’s T-13 deposit include 17.2m at 7.24% and 144.4 grams per tonne (g/t) silver from 125.8m; 45m at 2.43% copper and 54.5g/t silver from 193m; and 20m at 4.16% copper and 13.5g/t silver from 62.6m, plus 16.3m at 2.68% copper and 78.8g/t silver from 97.2m.
These historical results are informing current drill targeting at T-13 as rigs test extensions and continuity.
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By GlobalDataThe company is at the same time performing soil sampling and mapping over several copper and gold targets at Otavi.
Nearly 2,000 samples are said to have been processed through Midas’ onsite portable X-ray fluorescence (XRF) facility as a first-pass to date.
Certified commercial laboratory assays have been submitted and are pending analysis to validate the XRF screening and refine drill targeting.
At the South Otavi Project, Midas outlined historic and recent exploration in May and commenced drilling gold and copper prospects in September.
The company’s first-phase programme of 140 holes, totalling 3,693m, was completed in October, with all samples submitted for commercial laboratory analysis. Results are expected in January 2026, guiding subsequent phases.
