Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Resource Estimate

Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia

By The Northwire Desk — AI Analysis Dec 12, 2025 · 07:00 KRY · 2 Koryx Copper S.A.
KRY · Price

Executive Summary

  • Assay results from nine drill holes (4,007 m) at the Haib Copper Project show consistent copper grades with several higher‑grade intercepts, supporting ongoing resource conversion and expansion.
  • Total of 12 diamond rigs are now operating on site, enabling simultaneous resource conversion drilling and pit/civil geotechnical programs for the upcoming PFS.
  • An updated mineral resource estimate (including Mo and Au credits) is expected before the end of January 2026.

Key Details

  • Significant copper intercepts (selected examples):
  • HM103 – 74 m @ 0.36 % Cu (incl. 16 m @ 0.56 % Cu)
  • HM102 – 19 m @ 0.64 % Cu
  • HM104 – 214 m @ 0.34 % Cu (272‑486 m)
  • HM101 – 62 m @ 0.31 % Cu (0‑62 m) and 66 m @ 0.37 % Cu (254‑320 m)
  • Other notable intercepts include:
  • HM105 – 66 m @ 0.32 % Cu (428‑494 m) & 16 m @ 0.39 % Cu (540‑556 m)
  • HM106 – peak 2.2 % Cu with 0.16 g/t Au (70‑120 m)
  • Gold and molybdenum: sporadic Au enrichments (>0.1 g/t) in several holes; Mo generally low but present in isolated intervals (e.g., 0.02 % Mo over 40‑114 m in HM105).
  • Drill program status:
  • 12 active rigs (9 for resource conversion, 1 pit geotech, 2 civil geotech) – up from 10 rigs in the prior update.
  • Ongoing PFS preparation drilling (pit and civils geotechnical), infill & expansion drilling.
  • Resource modelling: New data extend mineralisation laterally and at depth; supports conversion of material from Indicated to Inferred category and potential grade improvements. Updated MRE to be released by Jan 2026, incorporating Mo and Au credits.
  • Quality control: Core split‑half; analyses performed by ALS Laboratories (Johannesburg) and ActLabs (Canada); QA/QC frequency 1 in 20 for blanks, duplicates, standards.
  • Qualified Person: Dean Richards, Pr.Sci.Nat., MGSSA, reviewed and approved the technical information.

Notable Quotes

“The latest drill results reinforce the strong fundamentals of the Haib Copper Project… provide confidence in the consistency of the metal content as well as opportunities to enhance the grade profile during the mine scheduling process.” – Heye Daun, President & CEO

Read the original news release →

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Resource Estimate