Mineral exploration and development company Deep-South Resources will change its name to Koryx Copper, with effect from November 10.
The TSX-V-listed company, which holds the Haib copper project, in Namibia, and an interest in three exploration licences in the Zambia Copperbelt, says the name Deep-South represents the far south region of Namibia but also the area called Deep South in the US, which is a symbol of segregation.
“Our company values are opposite to this symbolism. We have decided to change the name to offer a better representativity of our core values,” says president and CEO Pierrre Leveille.
He explains that the name Koryx is an amalgamation of the word “Karas”, which represent the province in which the company operates in Namibia and the name “Oryx”, which is an antelope of Namibia.
“The Oryx is the animal national emblem of Namibia and is represented on the national armories. The Oryx is a symbol for courage, elegance, pride and strength. This is a better representation of our core values, which also include working with and for our people of the Karas region in the south of Namibia and to develop a project for which Karas and Namibian people will be proud for many years to come,” he adds.