|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Koryx Copper Intersects 124.44 Metres at 0.36% Cu Eq, Including 26 Meters at 0.45% Cu Eq and 2 Metres at 1.17% Cu Eq15.02.2024 | 13:30 Uhr | GlobeNewswire
Significant copper and molybdenum intersections include:
VANCOUVER, British Columbia, Feb. 15, 2024 -- Koryx Copper Inc. ("Koryx" or "the Company") (TSX-V: KRY) announces the second assay results from its current drilling program at its Haib Copper project in southern Namibia. The Company's 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 stated that: "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. Assay results of significant intersections are tabulated below:
Figure 1 : Planview showing the positions of the boreholes being reported here. Borehole Locations (Figure 1) HM16 was positioned in the dry riverbed and drilled southwards along the eastern edge of the Pit1 target area to delineate the eastward extension of the near-surface shallow dipping mineralization intersected in the hill to the south. Discussion of Pertinent Results HM16 HM21 Drilling Program Update Since the resumption of drilling in October 2023, 14 holes have been completed totaling 2,511 metres. Twelve holes (2,322m) have been sampled and submitted to ALS for assaying with the results of 5 holes (502 samples) received to date from ALS. A further 9 boreholes (1,600m) remain to be drilled from the current program, all of which are in the Pit 1 target area. At 1.8 billion years (Archean), the Haib Copper Deposit is one of the oldest 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 drilling program looks to close the sample spacing in the Pit1 area and better delineate the extent and grades of these. Quality Control Please note that: Mineral Resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates are based on Indicated Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. However, there is no certainty that these indicated mineral resources will be converted to measured categories through further drilling, or into mineral reserves, once economic considerations are applied. There is no certainty that the preliminary economic assessment will be realized. Qualified Person Mr. Dean Richards Pr.Sci.Nat. , MGSSA - BSc. (Hons.) Geology, is the Qualified Person for the Haib Project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release. About the Haib Copper Project The Haib Copper Deposit is a large copper/molybdenum deposit situated 40 kilometers from the southern boundary of Namibia. The license covers 370 square kilometers (37,000 hectares). Over the years the project has seen 70,000 meters of drilling, several metallurgical test work programmes, geophysical surveys, geological mapping, mine modeling and even a feasibility study in 1996. Koryx Copper holds all the historical data. About Koryx Copper Inc. Koryx Copper is a mineral exploration and development company. Koryx growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. The Company holds the Haib Copper Project in Namibia and holds an interest in three exploration licenses in the Copperbelt in Zambia. In using and assessing environmentally friendly technologies in the development of its copper projects, Koryx Copper embraces the green revolution. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains certain "forward-looking statements," as identified in Koryx's periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward looking statements, including but not limited to the Company's plans regarding the Haib Copper project. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results. More information is available by contacting Pierre Léveillé, President & CEO at A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc6353f2-fe65-4237-99d2-471d51eae55d Dieser Artikel stammt von Rohstoff-Welt.de
Die URL für diesen Artikel ist: http://www.rohstoff-welt.de/news/artikel.php?sid=373907
© 2007 - 2024 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr! Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert) Werbung | Mediadaten | Kontakt | AGB | Impressum | Datenschutz |