
Koryx Copper Announces Encouraging Drill Results at Haib Copper Project in Southern Namibia
Copper riches in drill cores
Koryx's future gleams
Koryx Copper Inc. has reported promising drill results from its Haib Copper Project in Southern Namibia, potentially signaling a significant development in the region's mining sector [1][2][3].
The company has completed an additional 6 diamond drill holes, totaling 1,808 meters, as part of its planned 37-hole Phase 2 drilling program. The results have shown higher-than-average copper grades over large intercepts, surpassing the average grades in the current Mineral Resource Estimate (MRE) [1][2].
Notable intercepts include:
HM73: 88m @ 0.41% Cu (12 to 100m) and 228m @ 0.34% Cu (270 to 498m)HM68: 46m @ 0.38% Cu (96 to 142m), 14m @ 0.52% Cu (172 to 186m), and 60m @ 0.39% Cu (202 to 262m)HM69: 8m @ 0.97% Cu (40 to 48m)These results indicate potential for additional higher-grade mineralization along previously unappreciated structures, which could significantly impact the project's economic viability [1][2][3].
Koryx Copper is not limiting its focus to copper alone. The company reports that molybdenum (Mo) and gold (Au) assaying continues to show by-product credits. These additional elements will be incorporated into the next MRE update and are expected to contribute to a higher average copper equivalent grade [1][2].
To enhance their understanding of the deposit, Koryx has engaged a highly credible international porphyry consultant. This expert is assisting with extensive surface mapping and drill-core relogging, aimed at improving geological understanding and core logging consistency. These efforts are expected to lead to improved drill targeting and mineral resource modeling [1][2][3].
The company's exploration efforts are set to intensify. Currently, two quality drill contractors are on site, each operating two track-mounted drill rigs. In a move to overcome the challenges posed by the project area's deep valleys and steep terrain, Koryx is mobilizing an additional four man-portable drill rigs. Two of these are expected to be operational by the end of July 2025, with the remaining two forecast to arrive in August [3].
This expansion of drilling capacity underscores Koryx Copper's commitment to thoroughly exploring the Haib Copper Project's potential. As the company continues its Phase 2 drilling program, the mining industry will be watching closely to see if these encouraging results translate into a significant copper resource in Southern Namibia.