Koryx Copper has announced assay results from 15 drill holes totaling 6,825 metres as part of its ongoing infill and expansion drill programme at the wholly-owned Haib Copper Project in southern Namibia.
The results include several wide intercepts with higher-grade zones, which the company describes as among the best grades drilled at Haib to date.
Notable intersections include 318 metres at 0.49% copper equivalent (CuEq) from 162 metres in hole HM178, within a broader 669-metre interval averaging 0.33% CuEq.
Hole HM180 returned 732 metres at 0.30% CuEq from surface, including 286 metres at 0.37% CuEq from 446 metres and a 26-metre zone at 0.61% CuEq.
HMRC009 intersected 642 metres at 0.30% CuEq from surface, including 108 metres at 0.40% CuEq.
HMRC008 returned 558 metres at 0.29% CuEq from surface, including a 12-metre interval at 2.39% CuEq from 0 metres, which the company said is the highest grade returned yet at Haib.
“We continue to receive excellent drill assay results from our PFS infill drill program which has recently concluded,” said company president and chief executive Heye Daun.
“Once again, most of the drill results display very wide intercepts, including some high grades from surface. Whilst drilling has completed, assay results are still coming in, and further results are expected in the next few weeks.”
Koryx said geological modelling and estimation for an updated mineral resource estimate and pre-feasibility study have commenced, with publication of both targeted before the end of 2026.
The drilling programme focused on target areas 1 and 2, with results largely correlating with the existing copper model while also identifying potential extensions, including a high-grade zone in HM179 located some 70 metres south of the current model.
Copper equivalent values were calculated using metal prices of $4.54/lb for copper, $22.68/lb for molybdenum, and $4,000/oz for gold, with recoveries of 89%, 65% and 50% respectively.
More than 155,000 metres of drilling has been conducted since the 1970s at Haib by operators including Falconbridge, Rio Tinto, Teck and Koryx.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
