Koryx Copper (formerly Deep South) says the first assay results from its 2023–2024 drilling program at its Haib Copper project in southern Namibia continue to confirm that the deposit can deliver high grades over substantial widths within the known historical resource.
A January 24 update says the four holes for which assay results are reported cover some 874.13 metres, with one hole drilled in the Pit 3 area and the remainder in the Pit 1 area.
Koryx says all holes were positioned to better delineate the previously identified higher-grade portions of the Haib Copper Project and test the grade extension between these targets.
At the cessation of activities in 2021, 22 holes had been completed, totalling 4,610.81m of the planned 10,000m.
Nineteen of these holes had been completely assayed, and one had only been partially assayed.
Activities resumed in October 2023 with a planned drilling programme of 4,000m focused on the Pit 1 area.
The outstanding samples from the 2021 programme were immediately submitted to the laboratory.
Since the start of the programme, seven boreholes (1,320m) have been completed.
Five have been fully sampled and submitted to the laboratory.
The Haib Copper Deposit is one of the oldest deposits in the world. Over time, several transformations, including shearing and faulting events, appear to have further concentrated copper and molybdenum.
A number of these mineralized structures have been identified in Pit 1.
The revised drilling programme aims to close the sample spacing in the Pit1 area and better delineate their extent and grades.
Koryx Copper CEO Pierre Léveillé said: “Our drilling results are a game changer and will strongly add value to the overall copper deposit and our shareholders.”
