Midas Minerals Ltd announces further gold and copper targets at Challa Project, WA

Midas Minerals Ltd (ASX:MM1) has identified additional gold and copper targets at its Challa project in the WA Goldfields region. The recent sampling revealed anomalous gold and copper mineralisation at the Killarney prospect, with rock chip results showing values up to 5.36g/t gold and 1.7% copper. The company's project tenure has also increased by 30% to 676km2, with priority gold and base metals targets identified on the new granted tenure. Midas Minerals will now focus its exploration efforts on these gold and copper targets.

Executive Commentary on Challa Project Exploration

Midas Managing Director, Mark Calderwood, expressed optimism about the ongoing exploration efforts, stating, 'The 3.5km-long Killarney gold prospect continues to return anomalous gold and copper mineralisation from a wide range of rock types, which is highly encouraging given the lack of previous exploration and larger areas masked by shallow soil cover. The granting of E58/597 after three years of application process provides access to a highly prospective section of the major Wyemandoo shear zone. Midas will continue to define and refine drill targets within the Challa project.'

Summary of Challa Project Developments

Midas Minerals Ltd has made significant progress in identifying gold and copper targets at its Challa project in WA. The recent sampling has revealed anomalous gold and copper mineralisation at the Killarney prospect, indicating the potential of the 3.5km long mineralised corridor. With the increase in project tenure and identification of priority targets, the company is set to focus its exploration efforts on these areas. The Managing Director's positive outlook on the exploration efforts and the access to highly prospective sections bode well for the company's future prospects. Midas Minerals is poised to continue defining and refining drill targets within the Challa project, reflecting its commitment to further exploration and potential discoveries.