Koryx Copper Receives Additional Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Koryx Copper Inc.
Suite 888, 700 West Georgia Street,
Vancouver. BC, V7Y 1G5
Canada
Koryx Copper Receives Additional Encouraging Drill Results
at the Haib Copper Project, Southern Namibia
Highlights
• Completed a further 6 diamond drill holes for 1,808 m out of a planned 37 holes in Phase 2
• Results received generally have higher Cu grade than average MRE over large intercepts and include:
• HM73: 88m @ 0.41% Cu (12 to 100m)
228m @ 0.34% Cu (270 to 498m)
• HM68: 46m @ 0.38% Cu (96 to 142m)
14m @ 0.52% Cu (172 to 186m)
60m @ 0.39% Cu (202 to 262m)
• HM74: 46m @ 0.36% Cu (2 to 48m)
22m @ 0.34% Cu (96 to 118m)
• HM69: 8m @ 0.97% Cu (40 to 48m)
14m @ 0.46% Cu (142 to 156m)
• HM70: 4m @ 0.40% Cu (32 to 36m)
46m @ 0.41% Cu (134 to 180m)
• HM71: 8m @ 0.39% Cu (34 to 42m)
6m @ 0.35% Cu (64 to 70m)
• Mo and Au assaying continues to show by-product credits which will be incorporated into the next
MRE update and will contribute to a higher average Cu equivalent grade.
• Extensive surface mapping and drill-core relogging ongoing with the assistance of a highly credible
international porphyry consultant, aiming to improve our geological understanding and core logging
consistency which will assist in improved drill targeting and mineral resource modelling.
• Drilling progressing well with 2 quality drill contractors on site with 2 track-mounted drill rigs each.
• A further 4 man-portable drill rigs are being mobilized to enable safe drilling in the deep valleys and
steep terrain of the project area. 2 of the 4 rigs expected on-site by end-July 2025, with 2 additional
rigs forecast to arrive in October.
• 11,100m of the planned 28,000m drill target for 2025 has been completed to date.
Vancouver, B.C., Canada – July 7, 2025 – Koryx Copper Inc. (“Koryx” or the "Company") (TSX-V: KRY) is pleased
to announce assay results from six drill holes (1,808 m) received as part of the Phase 2 drill program for its
2025 exploration and project development strategy on the wholly-owned Haib Copper Project (“Haib” or the
“Project”) in southern Namibia. Haib is an advanced-stage copper/molybdenum/gold project that is envisaged
to produce a clean copper concentrate via a conventional crushing/milling/flotation metallurgical process,
with the potential for additional copper production via heap leaching.
Heye Daun, Koryx Copper’s President and CEO commented: "Our geological understanding keeps improving
and with the aid of Dr. Warren Pratt, our international ly renowned consultant, we are very encouraged by
what we are seeing, namely not only confirmation of the previously identified higher grade zones, but also
indications of additional higher grade mineralization along previously unappreciated east-west and northwest-
southeast structures related to breccias and shear zones . These near-surface, higher-grade intersections are
very important as they may not only improve the grade of the overall mineral resource estimate, but they also
have the potential to serve as a shallow, higher grade starter pit along this structure. With the arrival of the
first two man-portable drill rigs expected in late-July, we will be able to drill test the continuity of these higher-
grade structures at greater depths , in the topographically more challenging areas of the deposit, which is
something we very much look forward to.”
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Figure 1: Plan view indicating the six recent drill hole result locations
Figure 2. Long section looking northeast showing the six reported drill hole intersection depths relative to the model for Cu
mineralization
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Discussion of Drill Results
Target 2 Results
HM73 was drilled along the southwestern edge of Target 2 to test the downward extension of breccias mapped
on surface. Excellent results were obtained with on -surface higher grade mineralization shown to be
horizontally wider by some 50m. Currently this shallow mineralization has been modelled to 100m below
surface but based on the greater width likely extends to greater depths. A second deeper higher-grade zone
was shown to extend closer to surface by ~150m and up to about 100m below topography, while t he main
Target 2 deeper higher-grade mineralization was shown to be some 50m wider than previously modelled.
Transition Area between Target 3 and Target 2 Results
HM70 was drilled on the southern edge of the Target 3 and Target 2 transition area and has resulted in the
expansion of the higher-grade zone south-westwards by as much as 100m. This result shows the potential to
extend the wireframe in this gap area to increase tonnage at grades consistent with the Target 2 and Target 3
areas.
Target 4 Results
HM68 and HM69 were drilled in the east of Target 4 to test the possible extension to surface of deeper
mineralization recorded here by the historical drilling. These holes confirm that this mineralization extends
close to surface and is wider on surface by some 40m. HM71 and HM74 were drilled east of HM68 and HM69
by some 50m and 100m respectively. HM71 was positioned further north and appears to have missed the
wider area of the main mineralization zone but intercepted narrow , good grades on the periphery of the
wireframe. HM74 has successfully intersected good minerali zation from s urface which is expected to
marginally increase the grade of the Target 4 area . The holes in the Target 4 area demonstrate the value of
drilling inclined holes to better model the Haib mineralization, and further holes are currently being drilled in
this area.
Surface Mapping
Koryx geological consultant Dr. Warren Pratt’s extensive expertise in porphyry and orogenic related
mineralization systems makes him ideal for working on the deformed Haib porphyry copper deposit. Dr. Pratt’s
recent visit to the Project focused on surface mapping in conjunction with Koryx geologists, to augment the
more detailed logging of core implemented earlier this year. The surface mapping aimed to create strong
surface control of lithology, structure and veining to assist with the ongoing revision of the geological model.
The mapping has confirmed the strong shallow -northeast dipping control of the higher -grade copper
mineralization in the Target 1 area. In addition, the mapping has highlighted similar northeast dipping
structures in the Target 2 area which had not been recognised previously, particularly south of the prominent
east-west creek (Volstruis River) that passes through the middle of the Haib deposit.
Indications are that these shallow northeast dipping structures are shear zones which are associated with
breccias, or the contacts of breccias, and host higher grade copper mineralization, which is observable in the
core assays where they have been inters ected. The recent mapping confirms the Company’s earlier
interpretations that there are strong structural controls and remobilization of primary porphyry copper
mineralization at Haib. These structures represent excellent drill targets to define high grade copper
mineralization using southwest oriented drill holes, in many cases in the opposite directions to existing drill
holes but using the same drill pads.
Mapping is ongoing, focusing on the Target 3 and Target 4 areas.
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Table of Significant Intersections
Hole# Zone From (m) To (m) Width (m)1 Cu (%) Mo (%) Au (g/t)
HM68
Entire Hole 0 305 305 0.20 0.005 0.017
Main 96 142 46 0.38 0.008 0.018
Including 100 104 4 0.86 0.000 0.021
Including 110 114 4 0.59 0.004 0.017
Including 138 142 4 0.55 0.007 0.014
Main 172 186 14 0.52 0.006 0.024
Including 176 182 6 0.76 0.003 0.034
Main 202 262 60 0.39 0.010 0.043
HM69
Entire Hole 0 204 204 0.20 0.013 0.009
Main 40 48 8 0.97 0.006 0.003
Including 44 46 2 1.23 0.001 0.003
Main 62 78 16 0.29 0.018 0.014
Main 142 156 14 0.46 0.004 0.022
HM70
Entire Hole 0 216 216 0.22 0.005 0.021
Main 32 36 4 0.40 0.003 0.033
Main 134 180 46 0.41 0.007 0.033
Including 140 144 4 0.66 0.008 0.042
Including 162 170 8 0.57 0.005 0.046
Main 196 206 10 0.30 0.004 0.029
HM71
Entire Hole 0 113 113 0.17 0.010 0.010
Main 34 42 8 0.39 0.001 0.013
Main 64 70 6 0.35 0.004 0.010
HM73
Entire Hole 0 758 758 0.24 0.008 0.021
Main 12 100 88 0.41 0.016 0.030
Including 16 26 10 0.97 0.006 0.060
Main 178 188 10 0.31 0.051 0.029
Main 270 498 228 0.34 0.007 0.021
Including 290 296 6 0.64 0.003 0.032
Including 328 334 6 0.59 0.004 0.029
Including 460 466 6 0.53 0.001 0.013
HM74
Entire Hole 0 210 210 0.20 0.022 0.019
Main 2 48 46 0.36 0.005 0.023
Main 96 118 22 0.34 0.010 0.023
1. Widths are interval widths and not true widths. True widths of the mineralization are unknown. The reported intervals are calculated using the
following parameters:
a. Only Cu (%) was used to determine the intervals
b. The target composite grade is ≥0.30% Cu.
c. Composites start and end with samples ≥0.30% Cu.
d. Grades between 0.20% and 0.30% are included in interval but generally constitute <40% of the interval.
e. Consecutive samples between 0.20% and 0.30% should be fewer than 5 samples (10m).
f. Grades below 0.20% are included but generally constitute <20% of the interval.
g. Consecutive grades <0.2% should be fewer than 2 samples (4m).
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Drill Program Discussion
Koryx has appointed 2 highly professional and independent contractors to complete 28,000m of diamond core
drilling over the course of 2025. Each contractor has 2 track mounted drill rigs on site, and for the year to date,
a total of 11,100m has been drilled.
The drilling contractors are mobilizing a further 4 man-portable drill rigs to site. The man-portable drill rigs will
allow for safe drilling of holes located in the deep valleys and steep terrain of the project area. Two man -
portable drill rigs are expected on-site by end-July 2025, with the remaining 4 man-portable drill rigs forecast
to arrive on site in October.
Koryx remains confident in its ability to complete the 2025 plan of 28,000m before the end of the year, and to
complete the total drill plan (55,000m) in H2 2026.
Quality Control
All drill core was logged, photographed, and cut in half with a diamond saw. Half of the core was bagged and
sent to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory,
No. T0387), while the other half was quartered with one quarter archived and stored on site for verification
and reference purposes while the other quarter will be used for metallurgical test work. 33 elements are
analyzed by Induced Coupled Plasma (ICP) utilizing a 4 -acid digestion and gold is assayed for using a 30g fire
assay method. Duplicate samples, blanks, and certified standards are included with every batch and are
actively used to ensure proper quality assurance and quality control (“ QA/QC”) The QA/QC frequency is 1 in
20 for each of blanks, duplicates and standards.
Qualified Person
Mr. Dean Richards Pr.Sci.Nat., MGSSA – BSc. (Hons) Geology is the Qualified Person for the Haib Copper
Project and has reviewed and approved the scientific and technical information in this news release and is a
registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr.
Sci. Nat. No. 400190/08) .Mr. Richards is independent of the Company and its mineral properties and is a
Qualified Person for the purposes of National Instrument 43-101.
About Koryx Copper Inc.
Koryx Copper Inc. is a Canadian copper development Company focused on advancing the 100% owned Haib
Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a
large, advanced (PEA-stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of
exploration and project development by multiple operators. More than 80,000m of drilling has been
conducted at Haib since the 1970’s with significant exploration programs led by companies includi ng
Falconbridge (1964), Rio Tinto (1975) and Teck (2014). Extensive metallurgical testing and various technical
studies have also been completed at Haib to date.
Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit,
sulphide flotation copper project with the potential for additional copper production from heap leaching. Haib
has a current mineral resource of 414Mt @ 0.35% Cu for 1,459Mt of contained copper in the Indicated
category and 345Mt @ 0.33% Cu for 1136Mt of contained copper in the Inferred category (0.25% Cu cut-off).
Mineralization at Haib is typical of a porphyry copper deposit and it is one of only a few examples of a
Paleoproterozoic porphyry copper deposit in the world and one of only two in southern Africa (both in
Namibia). Due to its age, the deposit has been subjected to multiple metamorphic and deformation events
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but still retains many of the classic mineralization and alteration features typical of these deposits. The
mineralization is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary
copper minerals at surface due to the arid environment.
Further details of the Haib Copper Project are available in the corresponding technical report titled, "NI 43 -101
Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project, Namibia" dated effective
August 31, 2024 (the "Technical Report"). The Technical Report and other information is available on the Company's
website at https://koryxcopper.com and under the Company's profile on SEDAR+ at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
"Heye Daun"
President, CEO and Director
Additional information is also available by contacting the Company:
Julia Becker
Corporate Communications
+1-604-785-0850
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