Southern Company(SO) GlobeNewswire News Room·2025-02-20 12:00Core Viewpoint - Koryx Copper Inc. has announced promising assay results from its Phase 2 drill program at the Haib Copper Project in Namibia, indicating potential for improved mineral resource grades and a transformative year ahead for the project [2][4][5]. Exploration and Development Strategy - The 2025 technical strategy includes an intensive drill program of over 55,000 meters aimed at increasing the size and grade of the Haib mineral resource estimate (MRE) along with various technical, environmental, and metallurgical studies [6][7]. - The project is expected to reach the bankability stage by the end of 2026, with major permitting and technical studies to be completed [7]. Drill Program Details - A total of 17 drill holes have been completed out of a planned 37 for Phase 2, with significant Cu-equivalent grades reported, including notable intersections such as 146m at 0.53% CuEq in hole HM52 [9][24]. - The drilling strategy focuses on targeting higher-grade mineralization and validating the existing resource model [16][18]. Target Areas and Results - Haib consists of four major target areas, each with distinct geological features, and the recent drilling has primarily focused on Targets 2 and 3 [10][12]. - Results from Target 2 and Target 3 have shown higher-grade assays than previously estimated, with several holes confirming shallow high-grade mineralization [21][24][26]. Quality Control and Analysis - All samples underwent multi-element analyses to ensure comprehensive accounting for byproducts, with molybdenum and gold consistently present in the assays [19][20]. - The quality control measures include rigorous testing and verification processes to maintain data integrity [33]. Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project, which has a current mineral resource of 414 million tonnes at 0.35% Cu in the Indicated category and 345 million tonnes at 0.33% Cu in the Inferred category [37][38].