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Koryx Copper Announces Further Significant Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2026-02-23 12:00
Core Insights - Koryx Copper Inc. has announced positive assay results from 13 drill holes totaling 4,960 meters as part of its ongoing exploration and project development strategy for the Haib Copper Project in Namibia, indicating robust copper mineralization and confirming the project's potential [2][4][5] Project Overview - The Haib Copper Project is a large-scale open-pit sulphide Cu/Mo/Au porphyry project expected to produce an average of 88,000 tonnes per annum (tpa) of copper in concentrate over a 24-year mine life [3] - The Preliminary Economic Assessment (PEA) conducted in September 2025 confirmed the project's technical and economic feasibility, highlighting a low-cost development strategy [3] Drill Results - The latest drill results show significant copper equivalent (CuEq) intercepts, with notable results including: - HM112: 602 meters at 0.32% CuEq, including 272 meters at 0.44% CuEq [5] - HM121: 495 meters at 0.31% CuEq, including 284 meters at 0.42% CuEq [5] - HM117: 184 meters at 0.51% CuEq, with high-grade intervals [5] - The results from the in-fill and step-out holes exceeded expectations in both intersection widths and copper grades, strengthening the resource base [10][4] Ongoing Development - The company is actively drilling with 12 rigs on site and plans to mobilize additional rigs to accelerate the drill program, aiming to convert the entire Mineral Resource Estimate (MRE) to Indicated status by mid-2026 [5][32] - An updated MRE is expected to be published shortly, reflecting improvements from ongoing geological modeling and metallurgical test work [5][32] Future Plans - The drill program is designed to achieve a comprehensive conversion of all mineral resources from Inferred to Indicated category, qualifying for the Preliminary Feasibility Study (PFS) update in the second half of 2026 [32] - The company aims to complete a total of 55,000 meters of drilling by the end of July 2026 to allow for updated resource modeling in Q3 2026 [32]
Midnight Sun Hosting Technical Webinar
Globenewswire· 2025-12-15 11:30
Core Viewpoint - Midnight Sun Mining Corp. is hosting a webinar on December 17, 2025, to discuss developments at its Dumbwa and Kazhiba targets, featuring presentations from key executives and a live Q&A session [1][2]. Group 1: Company Overview - Midnight Sun Mining Corp. is focused on exploring its flagship Solwezi Project located in Zambia, which is in the Zambia-Congo Copperbelt, the second largest copper-producing region globally [2]. - The Solwezi Project is strategically surrounded by producing copper mines, including First Quantum's Kansanshi Mine, which is Africa's largest copper mining complex [2]. - The company aims to find and develop Zambia's next generational copper deposit, supported by an experienced geological team with a track record of multiple discoveries and mines worldwide [2]. Group 2: Webinar Details - The webinar is scheduled for December 17, 2025, at 10:00 a.m. PST/1:00 p.m. EST, and will include discussions on the company's developments at its mining targets [1]. - Presentations will be led by COO Kevin Bonel and VP Exploration Adrian Karolko, followed by a live Q&A session with the team [1].
Koryx Copper Drills Widest Historic Continuous High-Grade Zone
Globenewswire· 2025-09-03 11:00
Core Insights - Koryx Copper Inc. announced significant assay results from drill hole HM90 as part of its Phase 3 drill program at the Haib Copper Project in southern Namibia, highlighting high-grade copper mineralization [3][5][8] - The company received approval for the renewal of its Exclusive Prospecting License (EPL 3140) for an additional two years, which is crucial for advancing the project towards obtaining necessary mining permits [7][15][19] Drill Results - Drill hole HM90 intersected 110m at 0.70% Cu from surface to a depth of over 110m, including a notable 36m section at 1.42% Cu, marking the widest continuous high-grade zone encountered at Haib to date [6][8][9] - The overall hole returned an average grade of 0.33% Cu over 417m, with mineralization primarily consisting of chalcopyrite [9][12][24] Project Development - The renewal of EPL 3140 validates Koryx's execution track record in Namibia and allows the company to further de-risk the Haib project as it moves towards critical permitting steps [7][15][19] - A Mining License application has been submitted to convert the EPL to a Mining License, which is essential for establishing the legal basis for mining operations [16][19] Mineral Resource and Feasibility - The Haib Copper Project has a current mineral resource estimate of 414 million tonnes at 0.35% Cu, containing approximately 1,459 million tonnes of copper in the Indicated category, and 345 million tonnes at 0.33% Cu in the Inferred category [23] - The project is positioned as a future long-life, low-cost, low-risk open pit, sulphide flotation copper project, with potential for additional copper production from heap leaching [22][23][24]
Marimaca Drills Pampa Medina Sulphides – Intersects Exceptional 6m of 12.0% Cu within 26m of 4.1% Cu in dominantly Bornite in SMRD-13, 40m of 2.1% Cu in SMD-02
Globenewswire· 2025-07-03 10:15
Core Insights - Marimaca Copper Corp. announced significant high-grade copper intersections at the Pampa Medina deposit, extending its mineralization in all directions [1][2][3] - The drilling results indicate a unique sediment-hosted copper system in Chile, comparable to notable global deposits [2][3] - The company plans to host an investor presentation to discuss these findings and their implications for future production [2][8] Drilling Results - Drilling confirmed the presence of ultra high-grade (>5% CuT) zones over 15 meters thick, located more than 600 meters apart [2] - High-grade (>1.0% CuT) mineralization was defined across a 600m x 1,000m area, with potential extensions to 1.4km x 1.2km [2][3] - Notable intersections include: - Hole SMRD-13: 6m of 12.0% Cu from 594m downhole within 26m of 4.1% Cu from 580m [2] - Hole SMD-02: 40m of 2.1% Cu from 282m downhole within 132m of 1.0% Cu from 278m [2] - Hole SMD-01: 68m of 1.2% Cu including 20m of 2.3% Cu from 298m downhole [2] Geological Context - Pampa Medina is characterized as a manto-style copper deposit hosted in Jurassic-Triassic sedimentary units, with mineralization extending laterally down-dip [10][11] - The sedimentary units are extensive and mineralized over many square kilometers, indicating significant potential for high-grade sulphide mineralization [3][4] - The geological model has been updated to focus on lower sedimentary units as productive horizons for future drilling [11] Infrastructure and Development Potential - The location of Pampa Medina offers significant infrastructure advantages, being close to existing mines and associated facilities [2] - The low altitude and flat terrain provide ample space for future facilities and infrastructure development [2] - The company anticipates that the Pampa Medina and Madrugador oxide deposits will enhance its copper cathode production profile and extend mine life [5][6] Future Plans - The company is completing a 10,000m drilling program across 14 diamond holes to further define the limits of the prospective sedimentary units [5] - The Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit (MOD) is nearing completion and will be released soon [6][8] - The previously announced Preliminary Economic Assessment (PEA) for Pampa Medina will be paused to reassess the implications of the new drilling results [8]