Australian junior Midas Minerals Ltd (ASX:MM1) has mobilised three rigs for a drilling campaign at its copper permits in Namibia, it said in a release on December 1.
Two diamond drill rigs are deployed to the high-grade T-13 copper and silver deposit at the Otavi Project to undertake resource drilling, while a reverse circulation (RC) rig is deployed to the Spaatzu prospect.
Drilling on another copper-gold-silver deposit in the southern African nation is planned to start in early 2026.
As the drilling progresses at the Otavi and Spaatzu projects, Midas said it is also undertaking soil sampling and mapping of several highly prospective copper and gold targets.
By December 1, some 2,000 samples had been processed through Midas’ on-site portable XRF facility as a first pass, with certified commercial laboratory results submitted and pending analysis.
“Our plan is to utilise a rapidly deployable RC drill rig to initially test geochemical and outcrop targets at Otavi to locate any substantial bedrock mineralisation and utilise the diamond rigs to undertake resource drilling,” commented Midas MD Mark Calderwood.
“We already have several prospects that are ready for resource drill-outs. The onset of the December to February wet season may result in some access challenges; however, we expect to keep three rigs operating through the period and will look to increase the number of rigs later in the first quarter of 2026.”
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