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

In This Article:

Koryx Copper Inc.
Koryx Copper Inc.

Significant copper 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:

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

0.001

Including

64.00

66.00

2.00

1.13

1.13

0.001

Main

108.00

338.61

230.61

0.45

0.39

0.016

Including

108.00

116.00

8.00

1.05

1.04

0.001

Including

118.00

130.00

12.00

0.62

0.60

0.006

Including

232.00

234.00

2.00

0.96

0.93

0.011

Including

300.00

306.00

6.00

0.58

0.55

0.011

  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])