NGEx Minerals Ltd. Unveils Ultra-High-Grade Gold Veins at Lunahuasi Project in Argentina
- NGEx Minerals Ltd. discovered ultra-high-grade gold veins during Phase 3 drilling at the Lunahuasi project in Argentina.
- Drill hole DPDH046 showed 104.80 meters at 14.74 g/t gold, indicating significant mineralization potential.
- The project demonstrates multimetallic potential with additional promising intersections, enhancing NGEx's exploration prospects.
NGEx Minerals Discovers Ultra-High-Grade Gold Veins at Lunahuasi Project
NGEx Minerals Ltd. announces a groundbreaking development from its Phase 3 drilling program at the Lunahuasi project in San Juan, Argentina. The latest findings reveal the presence of ultra-high-grade gold veins, a significant advancement that could elevate the project’s potential value. Among the standout results is drill hole DPDH046, which intersects 104.80 meters at an impressive 14.74 grams per tonne (g/t) gold. This includes remarkable sections, such as 504.00 g/t gold over 1.55 meters and 142.27 g/t gold over 2.20 meters. The identification of visible gold within quartz veins marks a newly recognized style of mineralization, opening up additional exploration targets within the Saturn zone of the project.
The Phase 3 drilling program has not only exceeded expectations but also aligns with the high-sulphidation epithermal deposit model, akin to other notable deposits like El Indio. CEO Wojtek Wodzicki highlights the significance of this new mineralization style, suggesting that it may lead to substantial value extraction from gold-dominant mineralization. The impressive results from the program indicate a promising trajectory for the Lunahuasi project, as the company is now positioned to further explore and delineate these high-grade veins in future drilling campaigns. This renewed focus on the project reflects confidence in the potential for additional discoveries that could enhance the overall resource profile.
In addition to the remarkable gold findings, other significant intersections from the Phase 3 drilling include DPDH044, which yields 50.50 meters at a copper equivalent (CuEq) of 10.68%, and DPDH045, reporting 15.40 meters at 10.28% CuEq. These intersections reinforce the multimetallic potential of the Lunahuasi project, contributing to a diversified resource base. As NGEx Minerals continues its exploration efforts, the company remains committed to unlocking the full potential of its assets in Argentina.
NGEx Minerals’ strategic focus on the Lunahuasi project underscores its dedication to advancing mineral exploration in a region known for its rich geological potential. The recent drilling results not only enhance the company’s prospects but also position it favorably within the competitive landscape of mineral exploration and development. As NGEx prepares for subsequent drilling campaigns, the anticipation of further discoveries looms large, promising to boost both its operational and strategic objectives.