Confirmation That Haib Coper Project Can Deliver High Grades

VANCOUVER - Koryx Copper Inc. reported on 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, said, "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.”

Since the resumption of drilling in October 2023, all 26 of the planned holes of this campaign have been completed totaling 4,861 meters. All holes have been logged, sampled and submitted to ALS for assaying with the results of 18 holes (1,825 samples) received to date from ALS. Currently the assay results for 8 drillholes from ALS are outstanding. At 1.8 billion years old (Paleoproterozoic), the Haib Copper Deposit is one of the oldest porphyry copper style deposits in the world. Over time, it has seen several transformations including shearing and faulting events that appear to have further concentrated Cu and Mo. A number of these mineralized structures have been identified in the Pit1. The revised drill program looks to close the sample spacing in the Pit1 area and better delineate the extent and grades of these.