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Midas Minerals: Confirms high priority targets at Challa

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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Midas Minerals Confirms high priority targets at Challa

  • Midas Minerals (MM1) identifies at least 34 conductive anomalies at the Challa project in Western Australia
  • MM1 undertook a geophysical survey to identify bedrock conductors associated with potential to host nickel-copper-cobalt-platinum group element mineralisation
  • The survey data was then analysed by geophysical consultant Resource Potentials which led to generating at least 34 high priority conductive anomalies
  • Some of the targets are considered drill ready while others require ground-based electromagnetic (EM) surveys to define their exact orientation before drilling
  • Midas closes 20 per cent in the green at 18 cents
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