Koryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia

Core Insights - Koryx Copper Inc. has announced positive assay results from 12 drill holes as part of its Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Drill Program Progress - The company has completed 29 out of a planned 37 drill holes, totaling 8,647 meters of diamond drilling [4] - Drill results show higher copper grades than the average mineral resource estimate (MRE), with significant intercepts such as 572 meters at 0.33% Cu [4] - Additional drill rigs are expected to arrive soon, which will enhance the drilling rate in the second half of 2025 [3][4] Mineralization Insights - The results indicate a continuous nature of copper mineralization, with several drill holes intersecting grades above the existing resource model [10][11] - Target 2 shows the best mineralization for molybdenum, with multiple high-grade zones extending to the surface [12] - The mineralization in Target 3 extends further south towards Target 4 than previously modeled, indicating potential for increased resource estimates [11] Geological Modeling and Resource Estimation - An updated geological model is being developed to improve mineral resource estimation, incorporating new insights from recent drilling [20] - The company aims to enhance geological domaining and produce a more accurate mineral resource estimate for the Haib project [20] Future Plans - The Phase 2 program is expected to be completed by mid-2025, with the Phase 3 program projected to finish by the end of Q1 2026 [17] - The company plans to drill a total of 28,000 meters by the end of 2025, focusing on higher-grade areas and multi-element assays for byproducts [18][19]