Koryx Copper posts exceptional drill results at Haib Project
Luxembourg-registered copper development company Koryx Copper S.A. has reported exceptional results from drilling at its flagship Haib Copper project in southern Namibia. According to a statement issued by the company’s president and chief executive, Heye Daun, 17 drill holes under the programme reported consistent, wide intercepts of up to 599m in width. He said drilling […] The post Koryx Copper posts exceptional drill results at Haib Project appeared first on The Namibian.
Black News 
Luxembourg-registered copper development company Koryx Copper S.A. has reported exceptional results from drilling at its flagship Haib Copper project in southern Namibia.
According to a statement issued by the company’s president and chief executive, Heye Daun, 17 drill holes under the programme reported consistent, wide intercepts of up to 599m in width.
He said drilling is ongoing with 14 drill rigs engaged in infill, growth, geotech and exploration drilling and significant progress has been made with ongoing met test work aiming to simplify and optimise the processing flow sheet.
He said the copper equivalent (CuEq) grades exceeded average mineral resource estimate (MRE) grade with pockets of higher-grade gold (AU) and molybdenum (Mo).
CuEq is a matrix used to combine the value of all metals in an ore body – like gold, silver, or molybdenum – into a single, standardised number representing an equivalent grade of just copper.
Commenting on the results, Daun said: “Now operating with 14 drill rigs on site, our geological team has delivered another excellent set of drill results. These 17 drill holes demonstrate once again the highly consistent nature of the copper mineralisation with significant molybdenum and gold byproduct credits and the potential to incrementally increase the average mineral resource grade.”
Daun said a recent updated mineral resource estimate demonstrated higher grades, lower stripping and a large increase in overall contained copper.
“This updated MRE plus an enhanced process flow sheet will be incorporated and published in the form of the planned Pre-feasibility Study (PFS) before the end of this year,” he added.
The Haib project is a large-scale, advanced open-pit sulphide Cu-Mo-Au porphyry deposit with a small oxide cap.
The project is technically and economically feasible utilising mainly a low-risk open pit crushing/milling/flotation process.
The project has an envisaged average annual copper production rate of 92 000tpa in clean concentrate over a 24-year life of mine. – email: matthew@namibian.com.na
The post Koryx Copper posts exceptional drill results at Haib Project appeared first on The Namibian.
