Krystal Biotech reports assay results from Phase 2 drill program in Namibia

Koryx Copper announced assay results from six drill holes received as part of the Phase 2 drill program for its 2025 exploration and project development strategy on the wholly-owned Haib Copper 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. 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 the main Target 2 deeper higher-grade mineralization was shown to be some 50m wider than previously modelled. 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. 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.