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Koryx Copper Advancing Planned 2025 Exploration Work Program in Zambia
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Koryx Copper Advancing Planned 2025 Exploration Work Program in Zambia
Apr 8, 2025 6:42 AM

09:24 AM EDT, 04/08/2025 (MT Newswires) -- Koryx Copper ( KRYXF ) said Tuesday that it continues to advance its planned 2025 work programs on the Luanshya West and Mpongwe projects in Zambia.

Over the last few months, Koryx said it completed significant work in preparation for the start of exploration activities, including preparations for drone magnetics over Luanshya West and securing significant historical datasets for the Mpongwe license.

Koryx said it will commence field work in April after the rainy season.

The company has provided a US$1.2 million budget for the work programs.

"We are very excited that after many months of systematic preparatory work, including site visits, data reviews, strengthening existing relationships and developing new ones, we are now in a position to commence with an exciting exploration program on our Zambian licenses," said Heye Daun, Koryx's president and CEO.

"This program builds on the valuable work done previously and it is significantly enhanced by a wealth of historical data which our exploration team has been able to source, and which we have spent the last few months interpreting. Once the rainy season ends in the next few weeks, we expect to build on this with a significant field work program, including drill testing some of the targets which we have identified. The Zambian copper belt continues to be one of the world's hottest copper exploration jurisdictions, and we are very excited to be adding value to our Zambian portfolio. This is in addition to the ongoing development of our world-class, large-scale and open pit Haib copper deposit in Namibia, which continues to be Koryx flagship asset."

Koryx Copper ( KRYXF ) owns 51% of two highly prospective exploration licenses in the Zambian copper belt, with an option to earn up to 80% over the next 30 months.

The company's share price rose 2.2% on Monday to $0.95 on the TSXV.

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