NGEx Minerals Ltd. Reports Promising Drilling Results at Lunahuasi Copper-Gold-Silver Project
- NGEx Minerals Ltd. reports high-grade copper equivalent results from the Lunahuasi project, enhancing its potential.
- Drill hole DPDH043 reveals significant CuEq intersections, confirming and extending known mineralization zones at Lunahuasi.
- Upcoming drilling campaigns aim to explore three distinct zones, further optimizing resource delineation and shareholder value.
NGEx Minerals Ltd. Unveils Significant Drilling Results at Lunahuasi Project
NGEx Minerals Ltd. announces promising results from its ongoing drilling program at the Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. The company provides insights into significant intersections from the latest Phase 3 drill campaign, revealing high concentrations of copper equivalent (CuEq) that bolster the project's potential. Among the standout results, drill hole DPDH043 uncovers a 46.8-meter section with an impressive 9.55% CuEq, along with another interval of 48.9 meters at 7.75% CuEq. These findings not only confirm previously known mineralization zones but also extend their boundaries, further enhancing the prospectivity of Lunahuasi.
President and CEO Wojtek Wodzicki emphasizes the importance of these results, stating they deepen the company's understanding of the porphyry system and hint at undiscovered zones within the project area. The Lunahuasi project comprises three distinct zones—Mars, Saturn, and Jupiter—each exhibiting substantial contiguous high-grade mineralization. The company plans to explore these areas further in upcoming drilling campaigns, which are set to commence in October. With the current data suggesting a wealth of untapped high-grade areas, NGEx is positioned to significantly expand its mineral resource base, which could add considerable value to the Lunahuasi asset.
The successful completion of 15 drill holes in this phase underscores NGEx's strategic focus on optimizing its exploration efforts to enhance resource delineation. The company remains committed to advancing its projects and maximizing shareholder value through systematic exploration. As analysis of the drilling results continues, NGEx anticipates further updates that will support future resource estimates and economic viability studies. Given the rich mineral deposits and favorable mining conditions in the region, NGEx Minerals Ltd. is on track to solidify its presence as a key player in the copper-gold-silver sector.
In addition to the outstanding drill results, NGEx Minerals is keenly aware of the broader implications for its operations. The positive findings not only bolster confidence in the Lunahuasi project but also reinforce the company’s strategic direction towards sustainable resource extraction. As NGEx prepares for its next drilling phase, the focus on high-grade mineralization positions it advantageously within a competitive mining landscape.
With ongoing analysis and forthcoming drilling efforts, NGEx Minerals Ltd. is set to explore the full potential of its Lunahuasi project, which stands as a pivotal asset for the company’s future. As they aim to expand their high-grade mineral resource base, stakeholders can expect continued updates on exploration progress and potential advancements in the coming months.