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Midas Minerals Ltd (ASX:MM1)

ALERT: Price-sensitive ASX Announcement for MM1
Current share price for MM1 : $0.830 -0.04 (-4.60%)+
Announcement
Release
4 May 2026 8:17AM
Price at Release
$0.870
Full Release
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Summary
Midas Minerals Ltd has announced significant copper and silver intercepts at the T-13 project in Otavi, as reported in their recent drilling results. The most noteworthy findings include high-grade copper and silver mineralization, with drill hole T13DD0010 showing copper grades up to 11.30% alongside notable silver values. The predominant copper minerals identified are chalcopyrite and chalcocite, with native copper intervals pending further assay. Additional drill holes, such as T13DD005a and T13DD010, revealed high-grade copper zones over substantial intervals, with one instance of a 9.47% copper grade over a meter. The results confirm broad zones of mineralization, with additional drilling and assays required for complete delineation.
Key Points
  • Midas Minerals Ltd (ASX: MM1) has reported exceptional copper and silver intercepts at the T-13 project in Otavi.
  • Drill hole T13DD0010 showed intervals with up to 11.30% copper and significant silver grades.
  • Copper mineralization predominantly consists of chalcopyrite (Chc) and chalcocite (Cp).
  • Intervals of native copper were found with pending further assay results.
  • Several drill holes, including T13DD005a and T13DD010, have uncovered high-grade copper zones over extensive intervals.
  • Assays revealed copper grades as high as 9.47% over a 1-meter interval in drill hole T13DD010.
  • Drilling results indicate the presence of broad zones of high-grade copper and silver mineralization.
  • Further drilling and assay work are pending to fully delineate the mineralized zones.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.