Exploring New Gold Veins at Lunahuasi
NGEx Minerals Ltd. is thrilled to share its latest drilling results from the Phase 3 project at Lunahuasi, which could significantly enhance the project's value. The results reveal ultra-high-grade visible gold within quartz veins located in the Saturn Zone, showcasing some impressive intersections. Highlights include 504 g/t of gold over a length of 1.55 meters, and another striking section returning 142.27 g/t of gold across 2.20 meters.
Latest Drill Intersections
The drilling conducted at Lunahuasi has unveiled a new style of mineralization that offers fresh exploration targets. Drillhole DPDH046 demonstrated exceptional results with an extensive intersection of 104.80 meters at 2.97% copper, alongside the remarkable gold grades previously mentioned.
Detailed Results from DPDH046
DPDH046 intersected:
- 61.90 meters at a grade of 3.46% copper and 23.81 g/t of gold.
- 15.20 meters at a grade of 1.91% copper and 61.72 g/t of gold, including a segment of 3.60 meters with 245.39 g/t of gold.
Promising Exploration Potential
Wojtek Wodzicki, President and CEO of NGEx, notes, "The discovery at Lunahuasi marks a significant pivot in our exploration efforts. High-grade quartz veins are commonly found in successful mineral deposit regions worldwide, comparable to renowned sites like the El Indio mine. The high-grade intersections we've observed provide an exciting chance to outline considerable further value in a gold-focused exploration strategy."
Significance of Vein Structure
The identified veins align with high-sulphidation epithermal deposit systems, known for significant gold formations. These veins are crucial in unlocking the full potential of Lunahuasi. Also, the new observations of gold-rich intersections offer NGEx a chance to differentiate its exploration from other projects.
Future Directions
With the conclusion of the Phase 3 drill program, focusing now shifts toward Phase 4, where further exploration into the recently identified veins is planned. The possibility of discovering additional high-grade intersections continues to excite the team as they prepare to survey the project during the winter months.
About NGEx Minerals
NGEx Minerals, based in Canada, is dedicated to the exploration of its copper-gold-silver projects, primarily Lunahuasi in Argentina and Los Helados located nearby in Chile. They hold full ownership of Lunahuasi, while taking the lead at Los Helados through a Joint Exploration Agreement. The strategic positioning of these projects lays a strong foundation for growth and discovery.
Frequently Asked Questions
What is the significance of the recent drill highlights at Lunahuasi?
The newly discovered high-grade gold veins mark an important step forward in understanding and maximizing the project’s potential.
How is NGEx Minerals positioning itself for future exploration?
The company aims to pursue further exploration during its upcoming Phase 4 drilling campaign to leverage the recent discoveries.
What types of mineralization have been identified at Lunahuasi?
Ultra high-grade gold in quartz veins characterizes the new exploration targets identified in recent drilling.
When was the Phase 3 drill program at Lunahuasi completed?
The program wrapped up successfully, contributing significant data and insights for future development.
Where can I find more information about NGEx Minerals?
Additional information is available through the company’s profile on SEDAR and its official website.
