Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the 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] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]
REPEAT – Koryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire·2025-05-27 11:00