Koryx Copper S.A. (TSX:KRY.V) (NSX:KYX) (OTCQB:KRYXF) has released assay results from 15 drill holes totaling 5,351 meters as part of the ongoing infill and expansion drill program at the wholly-owned Haib Copper Project in southern Namibia. The results highlight consistent, wide intercepts with copper equivalent grades exceeding the average mineral resource estimate grade, including pockets of higher-grade gold, molybdenum, and significant tungsten values.
Key Drill Intercepts
The best eight of the 15 drill hole assay intersections are as follows: HM138 returned 584 meters at 0.34% CuEq from surface, including 72 meters at 0.48% CuEq, 128 meters at 0.36% CuEq, and 170 meters at 0.42% CuEq with a 20-meter interval at 0.70% CuEq. HM149 intersected 428 meters at 0.35% CuEq from surface, including 54 meters at 0.53% CuEq, 32 meters at 0.70% CuEq, and multiple other high-grade zones. HM153 delivered 714 meters at 0.31% CuEq from surface, including 68 meters at 0.54% CuEq and 82 meters at 0.41% CuEq. HM141 returned 582 meters at 0.25% CuEq from surface, including 84 meters at 0.52% CuEq and 58 meters at 0.39% CuEq. HMRC001 intersected 243 meters at 0.40% CuEq from surface. HM137 returned 162 meters at 0.46% CuEq from 6 meters depth. HM139 delivered 65 meters at 0.55% CuEq from 140 meters depth. HMRC002 intersected 24 meters at 0.68% CuEq from 92 meters depth.
Project Background and Development
The Haib deposit is a massive, disseminated porphyry copper deposit with associated molybdenum and gold. The project is envisioned to produce copper and molybdenum concentrates through large-scale open pit mining and conventional crushing, milling, and sulphide flotation, with potential additional copper cathode production via oxide heap leaching. Ongoing process flow sheet optimization aims to improve project economics while reducing technical risk.
Heye Daun, Koryx Copper’s President and CEO, commented: “This is another excellent set of drill results from our ongoing 15-rig drill program. Very wide intersections at good grades exceeding 0.3% CuEq, and mostly starting from surface, indicates the potential for further improvements of our mineral resource. In conjunction with the recently announced process flow sheet enhancements, we expect the economics of the Haib project to improve significantly in the upcoming PFS which is on track to be published before the end of 2026.”
Impact and Next Steps
The drill results are expected to support resource upgrades and enhance the pre-feasibility study currently underway. The company continues to optimize processing methods to reduce technical risk and improve overall project economics. Further updates are anticipated as the drill program progresses and the PFS advances toward completion.
