NGEx Minerals Ltd. Reports Promising Drill Results at Lunahuasi Copper-Gold-Silver Project
- NGEx Minerals Ltd. reports high-grade copper-gold-silver drill results from the Lunahuasi project in Argentina, highlighting significant potential.
- Recent drilling confirms and extends identified high-grade mineralization zones, enhancing project value and viability.
- The company plans further drilling campaigns to optimize resource delineation and maximize shareholder value in the copper-gold-silver market.
Promising Developments at Lunahuasi: NGEx Minerals Ltd. Advances Copper-Gold-Silver Exploration
NGEx Minerals Ltd. announces significant progress in its exploration efforts at the Lunahuasi high-grade copper-gold-silver project located in San Juan, Argentina. Recent drill results from the ongoing Phase 3 drill program highlight the project's potential, with notable intersections from four out of eight remaining drill holes. Among the most impressive findings, hole DPDH043 reveals a substantial 46.8-meter interval with a copper equivalent (CuEq) of 9.55%, along with a separate 48.9-meter section registering 7.75% CuEq. These results not only confirm previously identified high-grade mineralization zones but also extend them, reinforcing the project's value and viability.
The Lunahuasi project is characterized by three distinct high-grade zones: Mars, Saturn, and Jupiter, each exhibiting contiguous high-grade mineralization. CEO Wojtek Wodzicki expresses optimism regarding the latest findings, suggesting they enhance the understanding of the underlying porphyry system and indicate the potential for undiscovered mineral zones within the project area. As the company prepares for its fourth drilling campaign scheduled to begin in October, it anticipates that continued exploration will further delineate these newly identified high-grade areas, potentially increasing the overall resource base.
With a total of 15 drill holes completed during this phase, NGEx Minerals Ltd. is strategically focused on optimizing its drilling strategy to enhance resource delineation. The company remains committed to expanding its mineral resources and maximizing shareholder value through strategic exploration. By leveraging the rich mineral deposits and favorable mining conditions in the region, NGEx aims to bolster its position in the copper-gold-silver market. The ongoing analysis of drill results and forthcoming drilling campaigns underscore the company's dedication to becoming a leading player in the sector, poised for future growth.
In addition to the promising drill results, NGEx Minerals Ltd. emphasizes its commitment to maximizing the economic viability of the Lunahuasi project. As the company continues to assess and expand its mineral resources, stakeholders can expect further updates on exploration progress and potential developments in the coming months. The recent findings significantly enhance the prospects for the Lunahuasi project, positioning NGEx Minerals as a key player in the competitive mining landscape.