Koryx Copper Announces Further Significant Drill Results for the Haib Copper Project, Southern Namibia
Koryx Copper S.A. (TSX:KRY.V) (NSX:KYX) (OTCQB:KRYXF) has released assay results from 17 drill holes totaling 5,252 meters as part of its 2026 exploration and development program at the wholly-owned Haib Copper Project in southern Namibia. The results demonstrate consistent, wide intercepts of copper mineralization with significant molybdenum and gold byproduct credits.
Key Highlights
- 17 drill holes reported with consistent, wide intercepts up to 599 meters in width.
- Copper equivalent grades exceeding the average mineral resource estimate grade, with pockets of higher-grade gold and molybdenum.
- Best 8 of 17 drill hole assays include: HM132: 150m at 0.45% CuEq (157ppm Mo, 0.048g/t Au); HM129: 144m at 0.36% CuEq (136ppm Mo, 0.021g/t Au); HM130: 132m at 0.41% CuEq (37ppm Mo, 0.022g/t Au); HM124: 94m at 0.42% CuEq (35ppm Mo, 0.035g/t Au); HM145: 38m at 0.57% CuEq (152ppm Mo, 0.031g/t Au); HM126: 36m at 0.45% CuEq (161ppm Mo, 0.024g/t Au); HM123: 18m at 0.78% CuEq (97ppm Mo, 0.027g/t Au); HM125: 76m at 0.40% CuEq (36ppm Mo, 0.033g/t Au).
Drilling is ongoing with 14 drill rigs engaged in infill, growth, geotechnical, and exploration drilling. Significant progress has been made with ongoing metallurgical testwork aimed at simplifying and optimizing the processing flow sheet. A more detailed project update will be published later this month.
CEO Commentary
Heye Daun, President and CEO of Koryx Copper, commented: “Now operating with 14 drill rigs on site, our geological team has delivered another excellent set of drill results. These 17 drill holes demonstrate once again the highly consistent nature of the copper mineralization with significant molybdenum and gold byproduct credits and the potential to incrementally increase the average mineral resource grade. We recently published an updated mineral resource estimate which demonstrated higher grades, lower stripping, and a large increase in overall contained copper. This updated MRE plus an enhanced process flow sheet will be incorporated and published in the form of an updated Preliminary Economic Assessment before the middle of 2026, followed by the planned Pre-feasibility Study before the end of this year.”
Project Overview
Haib is a large-scale, advanced open-pit sulphide Cu-Mo-Au porphyry with a small oxide cap. The project is technically and economically feasible utilizing a low-risk open pit crushing, milling, and flotation process. The project has attractive economics and a simple, scalable, long-life, and low-cost development strategy undergoing rapid advancement, with an envisaged average annual copper production rate of 92,000 tonnes per year in clean concentrate over a 24-year mine life.
Summary of Results from Target Area 1
HM122 was drilled just north of the Volstruis River as an infill hole. Copper and molybdenum results are in line with expectations, with molybdenum effectively absent. HM123 was drilled in the southeastern portion of Target 1 and positioned to intersect mineralization both above and below the quartz vein separating Target 1 and Target 2. The results are significant. Firstly, the upper high-grade zone confirms a southward extension of copper mineralization approximately 130 meters beyond the current model. This zone is associated with molybdenum, with grades exceeding 100 ppm.
