Confirmation Of High Grades At The Haib Copper Project

Confirmation Of High Grades At The Haib Copper Project

VANCOUVER – Koryx Copper Inc. reported on the current drilling program at its Haib Copper project in southern Namibia. The latest two 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 Deep-South, said, “We are extremely enthusiastic by the results from the drill program. We continue to demonstrate that the drilling results of the previous companies have seriously underestimated the average grade of the deposit. Our drilling is a game changer and will strongly add value to the deposit.”

The 2 holes for which assay results are reported here, cover 472.92 metres with both holes drilled in the Pit 1 target area. These holes were positioned to close the sample spacing of the previously identified higher grade mineralisation in the Pit 1 area, and to better define and understand the geometry of mineralisation controls here.

HM16 was positioned in the dry riverbed and drilled southwards along the eastern edge of the Pit target area to delineate the eastward extension of the near-surface shallow dipping mineralization intersected in the hill to the south. HM21 was positioned as part of a fan with HM22 and HM23 due to limited access resulting from the extreme topography in this area. It was planned to test the southward extension of the shallow mineralization identified to the immediate north and to test for and close the sample spacing of the deeper mineralization seen in HM22, HM23 and some historical boreholes.

HM16 assay results show that the near surface shallow dipping mineralization here continues eastwards for at least 90m. Although slightly lower grade, the mineralization thickness is maintained. HM21 results confirm that shallow mineralization does occur below the so-called “Directors Perch” in line with results for HM22 and HM23. Whether this is a southward extension of the wide shallow dipping mineralization in the centre of Pit 1 is uncertain at the moment. As more close spaced drilling is completed and mineralization controls are better resolved, this will become more evident. Significantly the very wide (>100m), deeper mineralization intersected in HM22 and HM23 is shown to continue more than 200m eastwards to historical boreholes which also show mineralized intersections >100m. The preservation of these thicknesses over significant lateral distances (>450m) are very encouraging.