NGEx Minerals Sees Major Drill Success with High Gold and Copper Content

Major Drill Results from NGEx Minerals

NGEx Minerals Ltd. is making waves in the exploration industry with its recent drill results from the Lunahuasi project. This high-grade copper-gold-silver project is now at the forefront, showcasing impressive intersections of copper equivalent (CuEq), raising excitement among stakeholders about its potential.

Key Findings from Recent Drilling

During its ongoing Phase 3 drill program, NGEx successfully drilled several significant intervals. One notable result was from drillhole DPDH028, which intersected 53.5m at an impressive 7.79% CuEq, highlighting the rich mineralization of the area. Additionally, DPDH024 and DPDH026 also reported substantial results, including 75.45m at 4.95% CuEq and 42.40m at 3.44% CuEq, respectively.

Extending the Mineralized Zone

Drilling has now confirmed mineralization extending over a north-south distance of over 1,000m. Each hole has shown multiple mineralized intersections, further supporting the notion that the deposit could be much larger than previously estimated. The company is actively pushing the boundaries to understand just how extensive this unique deposit might be.

Impacts on Future Exploration

The results from DPDH029, a strategic step-out drill hole, were particularly impressive as they intersected 157.7m at 2.18% CuEq, linking back to other successful holes. This large step-out, strategically located south of previous findings, underlines the expanding footprint of the mineralized system at Lunahuasi.

Continuous Growth and Expansion

NGEx has expanded its drilling program from an initial planned 20,000m to 25,000m due to the promising results being reported. As two additional rigs have been added to the operation, the company accelerates its exploration efforts to further assess Lunahuasi’s potential.

Expert Commentary

Wojtek Wodzicki, President and CEO, emphasized the excitement surrounding these results, stating, "We're starting to significantly extend the mineralized system and demonstrate that Lunahuasi offers a rare combination of high grades and considerable size potential." His insights underline the company’s strategic direction and confidence in discovering further resources.

Understanding the Mineralization

The geological interpretation and core logging at Lunahuasi are being enhanced through innovative technologies, including artificial intelligence. This approach is aimed at refining the exploration processes, allowing geologists to concentrate more on targeted areas for further investigation.

Conclusion

As NGEx continues to report significant drill results, stakeholders can be optimistic about the potential for high returns on investment. The company is making substantial progress in its exploration efforts, and investors are watching closely as they seek to capitalize on future opportunities.

Frequently Asked Questions

What are the recent drill results for NGEx Minerals?

NGEx Minerals has reported significant drill intersections including drillhole DPDH028 with 53.5m at 7.79% CuEq.

What is the current drilling program at Lunahuasi?

The current drilling program has been expanded to 25,000m, with promising results leading to an increase in drilling efforts.

What is the significance of the step-out drill holes?

Step-out holes are important as they demonstrate the expanding size of the mineralized zone; DPDH029 showed a 470m extension south of previous holes.

Who is managing the exploration at Lunahuasi?

The exploration is managed by NGEx Minerals, with Wojtek Wodzicki as President and CEO emphasizing the project's significant potential.

How does NGEx Minerals ensure quality control in their sampling?

NGEx uses a comprehensive QA/QC program, including random insertions of standards, blanks, and duplicates, to maintain data integrity in their sampling processes.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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