NGEx Minerals Reports High-Grade Copper-Gold Drill Results

Exciting Developments at NGEx Minerals

NGEx Minerals Ltd. is currently making headlines with its impressive results stemming from the Lunahuasi high-grade copper-gold-silver project. The company has mobilized six diamond drill rigs, signaling a strong commitment to its Phase 3 drill program. These rigs are actively engaged in uncovering the geological potential embedded within this promising project.

Highlights from Recent Drilling at Lunahuasi

The company recently released notable findings from the initial round of drilling. Early indicators from drillhole DPDH024 revealed an intersection of 12.25 meters at 23.35% CuEq, which is indeed a remarkable discovery. This is not just an ordinary result; it shows the high quality of mineralization at Lunahuasi. Additional intersections have been reported, including 86.60m at 4.39% CuEq from depth, with significant segments containing strong gold values.

Details on Drillhole Performances

Digging deeper, DPDH025 has also yielded promising results, reporting an intersection of 11.90m at 10.74% CuEq among other noteworthy highlights. Each drill result further reinforces the notion that Lunahuasi has the potential to host a substantial high-grade mineral deposit.

Current Phase and Future Endeavors

The current drilling program not only examines the upper sections of the drill holes but also reaches deeper zones of mineralization. Results from the ongoing drills, DPDH025 through DPDH030, promise more excitement, with assays expected to enhance understanding of this mineral-rich area.

Company Insights and Road Ahead

The company’s President and CEO, Wojtek Wodzicki, expressed optimism about the ongoing work at Lunahuasi. The enthusiasm is palpable as early results exceed expectations, highlighting significant copper and gold occurrences that could redefine the local mining landscape.

Technical Aspects of the Drilling Program

As part of a rigorous drilling schedule, assay results play a critical role in informing future drill strategies. The Luanhuasi project has started off strong, with about 6,500m drilled so far, indicating a comprehensive approach to unlocking its valuable geological secrets.

About NGEx Minerals Ltd.

NGEx Minerals Ltd. is a dedicated exploration company focused primarily on copper and gold projects. They are not only operating at Lunahuasi but are also advancing the Los Helados project, further demonstrating their commitment to tapping into the rich resources of the Vicuña District.

As a company, NGEx maintains its status as part of the esteemed Lundin Group of Companies, showcasing its dedication to responsible mining practices and sustainable exploration efforts.

Frequently Asked Questions

What recent findings did NGEx Minerals report?

NGEx Minerals reported high-grade copper equivalent values from its Lunahuasi project, including significant intersections of CuEq percentages from drillholes DPDH024 and DPDH025.

How many drill rigs are currently in operation at Lunahuasi?

There are currently six diamond drill rigs working at the Lunahuasi project.

What is the significance of the CuEq values reported?

The CuEq values suggest a strong presence of copper and gold in the deposit, highlighting the potential for a significant mineral resource at Lunahuasi.

What does the drilling plan include going forward?

The drilling program will continue with additional holes being planned to investigate the deeper sections of the deposit as well as expanding the mineralized footprint.

Where can I find more information about NGEx Minerals?

For more details, you can visit SEDAR+ at www.sedarplus.ca to view public disclosures and further insights about the company.

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