Koryx Copper Completes Drilling, Highlights Positive Results

News related to:Koryx Copper S.A · 2 min read

Koryx Copper S.A. (TSXV:KRY) (NSX:KYX) (OTCQX:KRYXF), a leading exploration company focused on copper and molybdenum deposits, has completed its ongoing infill and expansion drill program at the Haib Copper Project in southern Namibia. The company has reported assay results for 18 drill holes, totalling 7,074 meters, which are critical to the advancement of the project towards its mine plan.

The assay results highlight the wide intercepts across the Haib deposit, with several notably higher-grade zones near the surface. The best 8 of 18 drill hole intersections are as follows:

- HMRC015: 491 meters at 0.22% CuEq (33 ppm Mo, 0.016 g/t Au) (0-491 meters), including 79 meters at 0.46% CuEq (412-491 meters) and 352 meters at 0.34% CuEq (38-390 meters). - HM199: 438 meters at 0.40% CuEq (52 ppm Mo, 0.026 g/t Au) (0-438 meters), including 16 meters at 0.77% CuEq (4-20 meters) and 224 meters at 0.51% CuEq (96-320 meters). - HM193: 681 meters at 0.34% CuEq (39 ppm Mo, 0.024 g/t Au) (0-681 meters), including 22 meters at 0.71% CuEq (180-202 meters) and 169 meters at 0.40% CuEq (512-681 meters). - HM191: 429 meters at 0.30% CuEq (57 ppm Mo, 0.020 g/t Au) (0-429 meters), including 82 meters at 0.56% CuEq (314-396 meters) and 38 meters at 0.41% CuEq (54-92 meters). - HM186: 369 meters at 0.29% CuEq (44 ppm Mo, 0.019 g/t Au) (0-369 meters), including 150 meters at 0.37% CuEq (0-150 meters). - HM192: 411 meters at 0.30% CuEq (37 ppm Mo, 0.022 g/t Au) (0-411 meters), including 102 meters at 0.40% CuEq (6-108 meters) and 54 meters at 0.39% CuEq (172-226 meters). - HM189: 648 meters at 0.22% CuEq (65 ppm Mo, 0.021 g/t Au) (0-648 meters), including 14 meters at 0.59% CuEq (434-448 meters) and 115 meters at 0.35% CuEq (455-570 meters). - HM182: 324 meters at 0.31% CuEq (42 ppm Mo, 0.018 g/t Au) (0-324 meters), including 18 meters at 0.48% CuEq (176-194 meters) and 58 meters at 0.45% CuEq (0-58 meters).

These results are significant as they provide a clearer picture of the Haib deposit's mineralization, particularly within Target Area 3, where the mine plan is scheduled to begin. With the infill and expansion drilling program now complete, Koryx Copper's technical team is focused on completing the geological modeling and estimation work required for the updated Mineral Resource Estimate (MRE) and Preliminary Feasibility Study (PFS), both of which remain on track for publication before the end of 2026.

The Haib Copper Project is a massive, disseminated porphyry Cu/Mo/Au deposit, and is envisaged to produce a Cu and Mo concentrate via large-scale open pit mining and conventional sulphide milling and flotation.

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