Midas completes Overland North Resource estimate

THE DRILL SERGEANT: Midas Resources (ASX: MDS) has had a Mineral Resource Estimate calculated for the company’s 100 per cent-owned Overlander North deposit.

The JORC Code-compliant (2012) Resource comprises 482,000 tonnes at 1.3 per cent copper in the Inferred category at 0.5 per cent copper cut-off grade.

 

Overlander North March 2014 Mineral Resource Estimate (0.5 per cent copper cut-off). Source: Company announcement

 

“Our work at Overlander North highlights the prospectivity of Midas’s project area surrounding Kalman,” Midas Resources CEO Alexander Hewlett said in the company’s announcement to the Australian Securities Exchange.

“With limited drilling we have generated a new copper resource which will add to the existing resource inventory at Kalman.”

The Overlander North deposit is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West Queensland and six kilometres to the west of Midas’s Kalman copper-gold-molybdenum-rhenium deposit.

 

Project location. Source: Company announcement

 

Midas holds a strategic tenement position covering approximately 1,900 square kilometres within the Mount Isa region and surrounding Kalman.

“I look forward to the planned drilling at our range of targets in the vicinity including Overlander North and South, Pelican and Serendipity which I am confident will further add to the company’s resource position,” Hewlett said.

Email: info@midasresources.com.au

Website: www.midasresources.com.au