Koryx Copper Intersects 168.60 Metres at 0.40% Cu Eq Including Multiple 2 m Intersections >1.00% Cu Eq and 34.00 m at 0.73% Cu Eq Including 2 m at 2.28% Cu Eq
In This Article:
Significant copper and molybdenum intersections include:
-
HM34: 1.06% CuEq over 16 metres from near surface including 8 m @ 1.71% CuEq; and 0.40% CuEq over 168.60 m including 2 m @ 1.50% CuEq, 2 m @ 1.48% CuEq, and 2 m @ 1.02%.
-
HM38: 0.73% CuEq over 34.00 m including 2 m @ 2.28% CuEq, 2 m @ 1.32% CuEq, 4 m @ 1.23% CuEq; and 0.33% CuEq over 50 m.
-
HM39: 0.37% CuEq over 50 m including 4 m at 1.16% CuEq.
VANCOUVER, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- Koryx Copper Inc. ("Koryx" or “the Company") (TSX-V: KRY) announces the third assay results from its current drilling program at its Haib Copper project in southern Namibia. The Company’s latest four 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: ""Those results are very positive and they are well above the Indicated Resource average grade at 0.31% Cu of the the previous Mineral Resource Estimation. We are highly satisfied with those results that add value to the deposit.”
The 3 holes for which assay results are reported here, cover 535.95 metres with all 3 holes drilled in centre of the Pit 1 target area. These holes were positioned to close the sample spacing of the previously identified shallow higher grade mineralisation in the Pit 1 area, and to better define and understand the geometry of mineralisation controls here. Assay results of significant intersections are tabulated below:
Significant Intersections
| Hole# | Zone | From (m) | To (m) | Width (m)1 | CuEq (%)2 | Cu (%) | Mo (%) |
| HM34 | Main | 2.00 | 18.00 | 16.00 | 1.06 | 1.06 | 0.003 |
| Including | 6.00 | 14.00 | 8.00 | 1.71 | 1.71 | 0.005 | |
| Main | 32.00 | 200.60 | 168.60 | 0.40 | 0.40 | 0.005 | |
| Including | 32.00 | 36.00 | 4.00 | 0.71 | 0.71 | 0.003 | |
| Including | 42.00 | 46.00 | 4.00 | 0.70 | 0.70 | 0.005 | |
| Including | 50.00 | 52.00 | 2.00 | 1.02 | 1.02 | 0.008 | |
| Including | 58.00 | 68.00 | 10.00 | 0.47 | 0.47 | 0.008 | |
| Including | 88.00 | 90.00 | 2.00 | 1.48 | 1.48 | 0.002 | |
| Including | 108.00 | 110.00 | 2.00 | 1.50 | 1.50 | 0.004 | |
| Including | 112.00 | 116.00 | 4.00 | 0.45 | 0.45 | 0.006 | |
| Including | 118.00 | 120.00 | 2.00 | 1.02 | 1.02 | 0.005 | |
| Including | 120.00 | 134.00 | 14.00 | 0.46 | 0.46 | 0.008 | |
| Including | 162.00 | 168.00 | 6.00 | 0.51 | 0.51 | 0.008 | |
| Including | 184.00 | 200.60 | 16.60 | 0.40 | 0.40 | 0.007 | |
| HM38 | Main | 16.00 | 50.00 | 34.00 | 0.73 | 0.73 | 0.004 |
| Including | 24.00 | 26.00 | 2.00 | 1.32 | 1.32 | 0.006 | |
| Including | 30.00 | 34.00 | 4.00 | 1.23 | 1.23 | 0.002 | |
| Including | 36.00 | 38.00 | 2.00 | 2.28 | 2.28 | 0.008 | |
| Including | 40.00 | 44.00 | 4.00 | 0.61 | 0.61 | 0.004 | |
| Including | 46.00 | 50.00 | 4.00 | 0.67 | 0.67 | 0.003 | |
| Main | 88.00 | 138.00 | 50.00 | 0.33 | 0.33 | 0.008 | |
| Including | 112.00 | 120.00 | 8.00 | 0.63 | 0.63 | 0.008 | |
| HM39 | Main | 16.00 | 66.00 | 50.00 | 0.37 | 0.37 | 0.002 |
| Including | 54.00 | 58.00 | 4.00 | 1.16 | 1.16 | 0.004 | |
|
|
|
|
|
|
|
|
|
| 1. Width refers to intersection width; true widths have not been determined. | |||||||
| 2. CuEq (copper equivalent) has been used to express the combined value of copper and molybdenum and is provided for illustrative purposes only. No allowances have been made of recovery losses that may occur should mining eventually result. Calculations use metal prices of US$3.00/lb copper, US$10/lb molybdenum using the formula: CuEq% = Cu% + (Mo% [$10/$3]) | |||||||
|
|
|
|
|
|
|
|
|
Borehole Locations (Figure 1)
HM34 was positioned in the centre of Pit1, approximately half way up the southern slope from the riverbed and drilled southwestwards to close the spacing of samples in this area of Pit1.
HM38 was located 60m east of HM34 and drilled in the same direction. Also half-way up the southern slope it too was positioned to close the sample spacing in this part of Pit1.
HM39 was drilled west of and parallel to HM34 and was positioned to close the sample spacing in this direction.