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Koryx Copper Inc. V.KRY

Alternate Symbol(s):  KRYXF

Koryx Copper Inc. a Canada-based mineral exploration and development company. The Company is in the business of exploring and evaluating mineral properties located in Africa. Its Haib copper project is located in the south of Namibia. The Haib project lies approximately 12 to 15 kilometers (km) east of the main tarred interstate highway connecting South Africa and Namibia and the nearest railway station is at Grunau, approximately 120 km north on the main highway. It also holds three copper exploration licenses in the center of the Zambian Copper belt, which includes Luanshya West project (license 23246), Chililabombwe Project (license 23247), and Mpongwe project (license 23248). The license 23246 covers approximately 5,423.26 hectares (54.24 square kilometers (Km2)). The license 23247 covers approximately 2,200 hectares (22.5 km2). The license 23248 covers approximately 67,500 hectares (675 Sq. Km).


TSXV:KRY - Post by User

Post by Yepnewpapyon Dec 01, 2021 11:06am
157 Views
Post# 34184990

New PR

New PRDeep-South, Namibia mining ministry set filing dates
2021-12-01 09:13 ET - News Release
An anonymous director reports
DEEP-SOUTH UPDATES THE RECENT HIGH COURT HEARING IN NAMIBIA
Deep-South Resources Inc. says that the legal counsel of the Ministry of Mines and Energy of Namibia proceeded with its last filing on Nov. 17, 2021. The filing did not include any documents supporting the decision of the Minister to deny the renewal of the Haib Copper licence.

Therefore, the Ministry has not provided any evidence supporting the decision of the Minister.

At the Court hearing on November, 25, 2021, in the absence of the judge, Deep-South's legal counsel and the legal counsel of the Ministry agreed to request the court to issue
- Deep-South will file additional documents to support its original affidavit by an Order to approve the following schedule:December 15, 2021.
- The additional documents will include expert advice covering the exploration work carried out by Deep-South on the project and the work program proposed for the renewal of the Haib Copper licence.
-The documents will also include an update of the funds invested in the project development. The court will be closed for annual recess between mid-December 2021 and mid-January 2022.
- The Ministry will have until February 14, 2022 to file their defense affidavit. Deep-South will have until February 28, 2022 to reply with its last affidavit.
-The Court will hold another hearing on March 3, 2022, to define the further procedures with regards to the review of the decision of the Minister.
The Company will provide regular updates in this regard and any other matter concerning this situation.
 
Corporate update
While recuperating Haib Copper mineral rights remains a top priority, management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place.
The company will provide an update on the matter in due course. The management is determined to develop Deep-South as a developer of important copper projects.
About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration and development company. Deep-South's 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. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.

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