NGEx Minerals Ltd. announced additional drill results from its 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. Assay results from four of the remaining eight drill holes of the Phase 3 drill program. Highlights: Drillhole DPDH041 intersected: 8.30m at 12.38% copper equivalent ("CuEq") from 266.70m, plus: 89.10m at 4.09% CuEq from 581.90m, including: 38.10m at 7.07% CuEq from 605.40m, Drillhole DPDH042 intersected: 48.90m at 7.75% CuEq from 281.70m, including: 12.55m at 19.05% CuEq from 292.25m, plus: 2.30m at 23.82% CuEq from 509.10m. Drillhole DPDH043 intersected: 46.80m at 9.55% CuEq from 492.20m, including: 15.80m at 19.08% CuEq from 49 2.20m, including: 7.00m at 24.86% CuEq from492.20m, and including: 4.80m at 22.69% CuEq from 503.20m, and including; 5.50m at 10.05% CuEq From 520.00m.
DPDH040 was collared on a new platform at the western edge of the drill pattern and angled to the west at -46 to explore the up-dip extension of the vein system. Several mineralized zones were intersected as shown in Table 1, all of which extend the deeper zones upwards and remain open to surface. For example, the intersection at 554.00m to 562.00m is 314m vertically above the intersection from 842.00m to 855.00m in hole DPDH039 and may be on the same structure. On a larger scale, the 133.30m interval at 2.10% CuEq from 523.00m correlates well with the 400.40m interval at 1.72% CuEq in hole DPDH039, over 300m. Hole DPDH040 also intersected the far eastern edge of the porphyry system, starting at about 818m as indicated by the presence of porphyry veins and a transition indicated by the sequential copper analyses from enargite-dominated copper mineralization to chalcopyrite-dominated. The 359.30m interval from 818.00m to the end of the hole at 1,177.30m averaged 0.28% Cu and 0.12 g/t Au (0.40% CuEq) consistent with the distal part of the porphyry system. This interval is just over 400m north of the porphyry interval in DPDH027.DPDH041 was collared from the same platform as DPDH018, 22, 28 and 34 and drilled towards the west at a dip of -56 to test for a southern extension to the Saturn zone. The 89.10m intersection at 4.09% CuEq from 581.90m correlates well with the Saturn zone and is located 150m below and to the south of the interval in DPDH028 and 100m above and to the south of the interval in DPDH034, providing a significant expansion to the zone. DPDH042 was drilled from a new platform on the eastern edge of the drill pattern and angled to the west at a dip of -48 to test for both a northern extension to the Saturn zone and a southern extension to the Mars zone. The hole intersected a broad zone of very strong mineralization from 281.70m (48.9m at 7.75% CuEq), including a 12.55m section of 19.05% CuEq, which is interpreted as the southern continuation of the Mars zone structure. The intersection here is 100m south of the Mars zone intersection in DPDH032 (27.40m at 25.19% CuEq ? see News Release dated March 13, 2025). The hole then continued to intersect a narrower, but high-grade intersection at 509.10m (12.20m at 9.36% CuEq, including 2.30m at 23.82% CuEq) which is interpreted to lie along the same structure as the Saturn zone 140m north of the key intersection in DPDH028. This interval includes a 0.90m sample at 68.0 g/t Au, consistent with the very high gold tenure of the Saturn zone. DPDH043 was collared at the northern edge of the deposit from the same platform as DPDH038 and drilled at an azimuth of 316 and a dip of -54 to test the northern extent of the deposit. It intersected the interpreted continuation of the Mars zone at 198.40m with a broad zone (89.60m) at 2.42% CuEq including high-grade intervals of 3.00m at 14.29% CuEq from 202.00m and 10.60m at 5.78% CuEq from 257.80m. This intersection extends the Mars zone by 50m from DPDH038. The hole then went on to hit a much stronger zone at 492.20m (46.80m at 9.55% CuEq) which included several much higher-grade intervals. This interval is thought to represent the first intersection into a new high-grade zone and clearly indicates that the deposit is completely open to the north.
NGEx Minerals Ltd. is a Canada-based copper and gold exploration company. The Company is focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project located approximately nine kilometers northeast in Chile's Region III. Both projects are located within the Vicuna District, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits. It owns 100% of Lunahuasi and is the majority partner and operator for the Los Helados project. It holds an approximately 69% interest in Los Helados subject to a Joint Exploration Agreement with Nippon Caserones Resources which holds the remaining approximately 31%. It has a life-of-project lease agreement with the owners of the surface rights covering around 20,000 hectares over the Los Helados Project area. Its Valle Ancho Project is a significant land package located in the Province of Catamarca, Argentina that covers around 1,000 square kilometers.
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