Mining Stock Daily Heye Daun Provides an Exploration Update from Koryx Copper
Apr 16, 2025
Heye Daun, CEO of Koryx Copper, shares insights into the company's ambitious copper exploration efforts in Namibia and Zambia. He discusses the challenges of drilling in tough terrains, including delays caused by contractor issues. The conversation highlights Zambia's emerging status as a mining hotspot, fueled by international investments and supportive government policies. Daun also emphasizes the strategic importance of their recent Namibian Stock Exchange listing, aiming to attract local investments and seize opportunities in a thriving mining sector.
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Challenging Drilling Terrain Insight
- Drilling progress at the Hybe Copper Project is slower due to difficult terrain requiring smaller diamond rigs.
- Continuous mineralization was encountered deep in a recent drill hole, showing promising project potential.
Zambia License Strategic Approach
- Koryx Copper's Zambian licenses are in geologically prospective areas with strong historical data backing.
- The plan is to add value rapidly through surface work and drilling to prepare for monetization or partnerships.
Why Zambia Is Hot Now
- Zambia's mining boom is driven by Chinese investment and success of neighboring projects.
- Business-friendly government policies and high copper prices make Zambia very attractive for exploration.