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Koryx Copper Intersects 338.61 Meters At 0.38% Cu Eq Including 230.61 Meters At 0.45% Cu Eq and Multiple 2 Meters Intersections Over 1.00% Cu Eq

Amended & Restated Technical Report to Support Kharmagtai Preliminary Economic Assessment By Investing.com


Significant and molybdenum intersections include:

  • HM09: 137.60m @ 0.51% Cu Eq including 72m @ 0.68% Cu Eq from 8.00m
  • HM18: 22.00m @ 0.54% CuEq from 12.00m
  • HM42: 338.61m from surface @ 0.38% Cu Eq including 230.61m @ 0.45% Cu Eq from 108m.

VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) — Koryx Copper Inc. (“Koryx” or the Company”) (TSX-V: KRY) announces the sixth batch of assay results from the current drill program at its Haib Copper project in southern Namibia.  The results from the latest three drill holes continue to confirm that the deposit can deliver high grades over substantial widths within the known historical resource.

Pierre Léveillé, President & CEO of Koryx stated that: “We keep generating very positive results that demonstrate that the average grade of the deposit could be higher than the previous Mineral Resource Estimate. We are highly satisfied with those results which clearly add significant value to the deposit. We expect the results of the remaining 8 drillholes from the 2023-2024 drill program within four weeks, after which the focus will shift to updating the Mineral Resource Estimation.  

The 3 holes for which assay results are reported here, represent 676.65 meters of the 2023 “ 2024 drill program (total 4,861 meters). Two of the holes were drilled in the centre of the Pit1 target area to close the sample spacing while the third was drilled westwards from the western edge of Pit 1 to test mineralisation towards the Pit 2 area. Assay results of significant intersections are tabulated below:

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Significant Intersections
 
Hole# Zone From (m) To (m) Width (m)1 CuEq (%)2 Cu (%) Mo (%)
  Entire drillhole 0.00 137.60 137.60 0.51 0.49 0.006
HM09 Main 8.00 80.00 72.00 0.68 0.65 0.007
Including 14.00 18.00 4.00 1.55 1.55 0.002
Including 22.00 28.00 6.00 0.72 0.70 0.005
Including 40.00 44.00 4.00 0.72 0.71 0.004
Including 44.00 50.00 6.00 1.71 1.67 0.013
Including 66.00 68.00 2.00 1.88 1.83 0.014
Main 86.00 118.00 32.00 0.43 0.42 0.005
Including 94.00 96.00 2.00 0.90 0.88 0.005
Including 110.00 112.00 2.00 0.95 0.93 0.004
HM18 Main 12.00 34.00 22.00 0.54 0.52 0.007
Including 28.00 30.00 2.00 0.89 0.87 0.005
Including 32.00 34.00 2.00 1.24 1.23 0.004
Main 50.00 56.00 6.00 0.90 0.89 0.005
Including 50.00 52.00 2.00 1.78 1.78 0.001
Main 68.00 74.00 6.00 0.34 0.32 0.005
Main 126.00 142.00 16.00 0.45 0.43 0.008
Including 140.00 142.00 2.00 0.89 0.72 0.050
HM42 Entire drillhole 0.00 338.61 338.61 0.38 0.34 0.012
Main 16.00 30.00 14.00 0.35 0.35 0.001
Main 64.00 80.00 16.00 0.42 0.42 Click Here to Read the Full Original Article at All News…