VANCOUVER, BC – NGEx Minerals Ltd. (TSX:NGEX) (OTCQX:NGXXF) has announced highly compelling additional drill results from its wholly-owned Lunahuasi high-grade copper-gold-silver project, situated in the mineral-rich San Juan province of Argentina. These latest assay results, derived from four of the remaining eight drill holes within the ambitious Phase 3 drill program, underscore a significant expansion of known high-grade mineralization zones while also successfully identifying entirely new, promising areas within the Lunahuasi deposit. This development is a pivotal moment for the company’s mineral exploration efforts in the region, signaling robust potential for the project.
The new data from the drilling campaign reveals several standout intersections that highlight the remarkable continuity and quality of the mineralization. Most notably, drillhole DPDH043 delivered an exceptional intersection of 46.80 meters grading 9.55% copper equivalent (CuEq) from a depth of 492.20 meters. This impressive section includes an even higher-grade core of 15.80 meters at 19.08% CuEq, further solidifying the high-grade nature of the Lunahuasi deposit. Other significant findings include DPDH042, which reported 48.90 meters at 7.75% CuEq from 281.70 meters, and DPDH041, intersecting 8.30 meters at 12.38% CuEq and a substantial 89.10 meters at 4.09% CuEq, demonstrating widespread and consistent high-grade copper, gold, and silver mineralization.
Wojtek Wodzicki, President and CEO of NGEx Minerals, commented on the strategic importance of these results, emphasizing that the drill program has significantly advanced the understanding of the associated porphyry system. He noted that the findings not only confirm and extend the existing high-grade zones but also contribute to an expanded delineation of the Lunahuasi deposit’s boundaries. This enhanced geological understanding has provided sufficient confidence to formally name three key high-grade zones: the Mars, Saturn, and Jupiter zones. Each of these celestial names represents a substantial volume of contiguous high-grade mineralization, highlighting significant resource potential for future mining operations.
Looking ahead, NGEx Minerals is strategically positioned to further enhance the value of this unique asset. The company’s immediate focus is on extending and more precisely defining these newly identified high-grade zones with subsequent drilling phases. With the remaining four holes from the Phase 3 program still awaiting assay results, and comprehensive planning already well underway for the fourth drill campaign scheduled to commence in October, there is a clear trajectory for continued growth and exploration success. The ongoing work aims to transition these isolated high-grade drill intersections into fully defined resource areas, underpinning the long-term viability of the project.
The consistent delivery of high-grade copper equivalent intersections underscores Lunahuasi’s potential to evolve into a world-class copper-gold-silver project. The deposit’s expanded footprint and the identification of distinct, high-grade zones provide a strong foundation for future resource estimates and development plans. As global demand for critical minerals like copper continues to rise, projects of Lunahuasi’s caliber in stable mining jurisdictions like Argentina become increasingly vital. NGEx Minerals’ diligent mineral exploration efforts are setting the stage for significant contributions to the supply of these essential metals, reinforcing its position within the competitive mining industry.
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