Koryx Copper announced the fifth assay results from its current drill program at its Haib Copper project in southern Namibia.
The company’s latest four drill holes confirm the deposit can deliver high grades over substantial widths within the known historical resource.
The five holes for which assay results are reported cover 1,012.34 metres, with three holes drilled in the centre of the Pit1 target area to close the sample spacing.
The other two holes were drilled closer to the southern edge of the Pit1 target area primarily to delineate better the geometry of the multiple higher-grade zones that have been shown to occur here and to close the sample spacing.
Koryx Copper president and CEO Pierre Léveillé says they keep generating positive results, demonstrating that the deposit’s average grade could be higher than the previous mineral resource estimation.
“We are delighted with those results, which clearly add significant value to the deposit. We still have nine holes drilled with assays yet to be reported,” Léveillé says.
The Haib Copper Deposit is a large copper/molybdenum deposit 40 kilometres from Namibia’s southern boundary.
The license covers 370 square kilometres (37,000 hectares).
Over the years, the project saw 70,000 meters of drilling, several metallurgical test work programmes, geophysical surveys, geological mapping, mine modelling and even a feasibility study in 1996.
Deep-South holds all the historical data.
Koryx Copper holds the Haib Copper Project in Namibia and is interested in three exploration licenses in the Copperbelt in Zambia.
Mr. Dean Rich
