As Luxembourg-based Koryx Copper nears the end of its infill drilling programme at the Haib Project in southern Namibia, results have continued to trend positively across the Haib system.
Koryx Copper president and chief executive Heye Daun said this in a statement announcing assay results from 17 drill holes covering 6 430 metres as part of the ongoing infill and expansion drilling programme at the copper project.
“This reinforces our confidence in the deposit as we advance towards the pre-feasibility study publication expected at the end of 2026,” Daun says.
He describes the Haib deposit as a massive, disseminated porphyry copper (Cu) deposit with associated molybdenum (Mo) and gold (Au).
“These results stand out for their length as much as their grade. HM155 intersected 0.27% CuEq from surface to 831m including 244m at 0.42% CuEq, while HM139 and HM147 returned continuous zones of 76m at 0.52% CuEq and 84m at 0.47% CuEq, respectively, underscoring the scale and continuity of mineralisation at Haib at good grades.
“By-product credits continue to strengthen the resource as well, with molybdenum and gold now joined by encouraging silver values, including our highest Ag grade at Haib to date,” Daun says.
He says Haib is envisaged to produce a copper and molybdenum concentrate via large-scale open pit mining and conventional sulphide milling and flotation, with the potential for additional copper cathode production via oxide heap leaching.
Ongoing process flow sheet optimisation is aimed at improving project economics while reducing technical risk.
According to the statement, all drill core was all logged, photographed, and cut in half as part of the quality control process.
One half of the core was sent to ALS Laboratories Ltd in Johannesburg, South Africa, and ActLabs in Canada for analysis, while the other half was quartered, with one quarter archived and stored on site for verification and reference purposes. The other quarter will be used for metallurgical test work.
A total of 33 elements are analysed using inductively coupled plasma (ICP) with a four-acid digestion, while gold is assayed using a 30g fire assay method.
Koryx Copper is focused on advancing its wholly owned Haib Copper Project in Namibia while also building a portfolio of copper exploration licences in Zambia.
Haib is a large copper porphyry deposit with significant gold and molybdenum credits and a long history of exploration and project development by multiple operators.
According to Daun, more than 145 000 metres of drilling has been conducted at Haib since the 1970s, with significant exploration programmes led by companies including Falconbridge (1964), Rio Tinto (1975), Teck (2014) and Koryx Copper (2021-2026).
“Extensive further drilling, metallurgical testing and various technical studies have been completed with additional studies are underway to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide milling and flotation copper project with additional heap leach potential.”
– matthew@namibian.com.na
