An updated mineral resource estimate for the Haib Copper Project shows that the indicated resource estimate has decreased in tons by 9% and increased in grade by 13%.
The report released this week also shows that the inferred resource estimate has decreased in tons by 1% and increased in grade by 14%.
The Haib is a porphyry copper exploration project in the Karas Region of southern Namibia, approximately six kilometres north of the border with South Africa.
Koryx Copper Inc. has a 100% interest in Deep South Mining Company (Pty) Ltd., which has a 100% interest in Haib Minerals (Pty) Ltd., the holder of the exploration rights to the Haib Project.
The project is under EPL 3140 and covers 36,589 hectares.
Koryx Copper plans a drilling program as a first phase for 2024 and 2025 consisting of over 8,200 m to target areas for potential mineral resource expansion and confirm and extend higher grade areas.
A second phase of exploration is expected to be required as an additional program following the 2024 and 2025 drilling programs to continue to develop the mineral resource, which is contingent on the results of the 2024 to 2025 phase and may be adjusted accordingly.
The Haib deposit was discovered around the late 1800s or early 1900s due to the distinct surface expression and copper staining in fractures and joints in the dry riverbed of the Volstruis River.
Companies including Falconbridge, King Resources, Rio Tinto Zinc, Revere Resources, Great Fitzroy Mines, and Teck conducted several exploration programs.
The recent drilling by Koryx Copper Inc. drilled 45 infill diamond drill holes for 9,473.07 metres.
