Koryx Copper Provides Update on Zambia Projects with Definition of Drill Targets at Luanshya West and Completion of Regional Surface Geochemistry at Mpongwe

Core Insights - Koryx Copper Inc. has provided updates on exploration results and progress on its two large-scale exploration licenses in Zambia, specifically the Luanshya West project and Mpongwe project [2][4] Group 1: Project Overview - Koryx holds the option to acquire up to 80% of the Projects in Zambia's Copperbelt, which is part of the Central African Copperbelt, the world's largest sedimentary rock-hosted stratiform copper province [3] - The Luanshya West Project is located in the Chambishi sub-basin, with mineralization along strike to known deposits at Chibuluma and Chifupu [5] - The Mpongwe Project has faced access challenges due to weather conditions but has begun reconnaissance mapping and regional soil sampling [23][25] Group 2: Exploration Progress - The 2025 field programs at Luanshya West have identified further copper and cobalt soil geochemistry anomalies and improved the ranking of these anomalies based on mapping and geophysical data [7][9] - A successful drone-mounted airborne magnetic survey has been completed, enhancing lithological and structural interpretations [8] - Initial regional surface sampling at the Mpongwe Project has been completed, with approximately 5,000 soil samples collected [25] Group 3: Target Identification - Multiple targets have been identified for drill testing at Luanshya West, with a drill program planned for early 2026 [9][22] - Specific targets such as LWT1, LWT3, and LWT6 have shown promising geochemical anomalies, with LWT1 being a priority due to high manganese, copper, and cobalt values [12][13][15] - The company plans to conduct approximately 3,000 meters of drilling, focusing on both direct target testing and deeper exploratory drilling [22] Group 4: License Ownership and Future Plans - The process to transfer the licenses into the company's wholly-owned subsidiary in Zambia is ongoing, with the company currently owning 51% and an option to earn up to 80% [27] - The company has retained legal counsel in Zambia to assist with the official documentation process [27]