Spaatzu Drill Hole MORC006 Yields 16m at 2.55% Copper and 72.6g/t Silver
Midas Minerals has reported a significant new high-grade copper and silver find at its Spaatzu Prospect within Namibia’s Otavi Copper Project, marking a promising expansion near the established T-13 deposit.
- Initial drilling at Spaatzu intercepts 16m at 2.55% copper and 72.6g/t silver
- Broader mineralised zone of 44m at 1.36% copper and 36.8g/t silver identified
- Spaatzu extends over 2.5km of strike with complex structural geology
- Four drill rigs planned to accelerate exploration in 2026
- Company holds approximately $9 million cash post Otavi acquisition
A New Chapter at Otavi
Midas Minerals Limited has announced a significant breakthrough at its Otavi Copper Project in Namibia, revealing high-grade copper and silver mineralisation at the Spaatzu Prospect. This discovery comes from initial drilling results, notably from drill hole MORC006, which intersected multiple mineralised zones including an impressive 16 metres grading 2.55% copper and 72.6 grams per tonne silver. This lies within a broader 44-metre zone averaging 1.36% copper and 36.8 grams per tonne silver, signalling a potentially substantial new resource.
Geological Significance and Location
The Spaatzu Prospect covers a 2.5-kilometre strike length characterised by complex cross faulting and intense brecciation, geological features often associated with significant mineral deposits. Situated just 12 kilometres west of the high-grade T-13 copper-silver deposit, where Midas currently operates two diamond rigs, Spaatzu benefits from proximity to proven mineralisation and existing infrastructure. The geological setting on the northern flank of the Merwe dome shares similarities with T-13, enhancing the prospect’s exploration appeal.
Accelerated Exploration and Funding
Following the completion of the Otavi Copper Project acquisition, Midas has rapidly ramped up its drilling program. Currently, three rigs are active, with a fourth scheduled to commence operations in January 2026, focusing on Spaatzu and other regional targets such as the Merwe Prospect. The company’s strong cash position of approximately $9 million ensures it is well-funded to pursue this accelerated exploration strategy, aiming to delineate resources and advance the project’s development potential.
Looking Ahead
While only part of drill hole MORC006 has been assayed so far, with additional samples from Spaatzu pending analysis, the early results have already generated considerable optimism. Midas Managing Director Mark Calderwood highlighted the encouraging nature of these findings, noting the large surface geochemical anomaly and favourable structural setting. The company now has three areas advanced to resource drilling and multiple earlier-stage targets to explore throughout 2026, underscoring a busy and potentially transformative year ahead.
Context Within Namibia’s Mining Landscape
Namibia remains one of Africa’s most attractive mining jurisdictions, praised for its political stability, transparent regulatory framework, and robust infrastructure. The Otavi Copper Project’s location within this environment adds to its appeal, with a history of high-grade copper, lead, and zinc deposits in the region. Midas’s discovery at Spaatzu could further cement the project’s status as a significant player in Namibia’s mining sector.
Bottom Line?
As assay results continue to flow and drilling intensifies, Midas Minerals’ Otavi Project stands poised to reshape copper-silver exploration in Namibia.
Questions in the middle?
- What will the full assay results from the remaining Spaatzu drill holes reveal about the deposit’s scale and grade?
- How will Midas prioritise its multiple drill targets across the Otavi Project in 2026?
- What are the implications of this discovery for Midas’s resource estimates and potential mine development timelines?
