Koryx Copper S.A. has reported further assay results from 15 drill holes totalling 5,351 metres as part of its ongoing infill and expansion drilling programme at the Haib Copper Project in southern Namibia.
The company said the results support ongoing resource development at the wholly owned project, which is being advanced as a large-scale porphyry copper deposit with associated molybdenum and gold mineralisation.
“This is another excellent set of drill results from our ongoing 15-rig drill programme. Very wide intersections at good grades exceeding 0.3% CuEq, and mostly starting from surface, indicate the potential for further improvements to our mineral resource,” Koryx Copper President and Chief Executive Officer Heye Daun said.
He added that ongoing process flowsheet optimisation is expected to improve project economics ahead of a prefeasibility study scheduled for completion before the end of 2026.
Drilling across Target 1 confirmed continued copper and molybdenum mineralisation consistent with the existing geological model, while also identifying anomalous tungsten occurrences in the upper sections of several holes, which the company said remain under investigation.
In the southern section of Target 1, hole HM139 intersected high-grade copper and gold mineralisation extending below previous drilling limits, including a final eight-metre interval grading 1.13% copper and 0.14g/t gold before the hole was terminated due to rig limitations. The company said the results suggest mineralisation may extend a further 100 metres to the south.
At Target 2, hole HM138 returned some of the highest gold intercepts recorded at Haib to date, including six metres at 0.5g/t gold and 20 metres at 0.42g/t gold, with individual samples grading up to 1.96g/t gold.
The company said the results highlight a previously unrecognised zone of gold enrichment, although the full extent of the mineralised system has yet to be determined because of limited drilling in the surrounding area.
Other holes at Target 2 confirmed strong molybdenum continuity and alignment with the current resource model, while one hole helped define the outer boundary of economic mineralisation.
Results from Targets 3 and 4 broadly confirmed the existing grade-shell models, although minor adjustments to structural boundaries are expected as geological modelling continues.
Koryx said the latest drilling results further reinforce the scale and continuity of mineralisation at Haib as the company advances towards an updated mineral resource estimate and prefeasibility study.
