Koryx Copper Inc. has reported encouraging results from its Phase 2 drill program at the Haib Copper Project in Namibia, revealing higher-grade copper equivalent assays than the current mineral resource estimates. The ongoing exploration efforts aim to improve the mineral resource grade and guide future drilling plans. The company is intensifying its geological efforts and infrastructure to expedite its 55,000-meter drill program, with expectations that 2025 will be pivotal in advancing the Haib Project towards economic and technical feasibility.
Heye Daun, Koryx Copper’s President and CEO commented: “These drill results are highly encouraging and demonstrate the potential for the Haib mineral resource grade to be improved further with the drilling planned for this year. Our thesis was always that we would be able to improve the grade through 1) targeting higher grade domains 2) tighter geological modelling and 3) the inclusion of significant molybdenum and gold byproduct credits. These drill results are testament to the validity of that thesis.
We are putting a big effort into increasing our geological horsepower and infrastructure on the ground in Namibia in order to improve our geological understanding of Haib and to be able to expedite the 55,000m drill program which we are planning for 2025.
With the met testwork program going very well and ongoing excellent drill results we believe that 2025 will be another transformative year for the Haib Copper Project in Namibia, as we rapidly advance the project towards economic and technical feasibility.”
Koryx Copper Inc. is a company operating in the mining industry, focused on copper, molybdenum, and gold extraction. The company is engaged in developing the Haib Copper Project in southern Namibia, which is an advanced-stage, low-cost, low-risk open pit project aimed at producing clean copper concentrate through conventional metallurgical processes.