NGEx Minerals Ltd. reported additional assay results from the Los Helados copper-gold project located in Region III, Chile. To date, drilling has extended the Condor Zone and is starting to expand two additional high-grade zones known as the Fenix Zone and the Alicanto Zone. All three zones remain open to expansion. Results are the latest from a highly successful drill program which is focused on adding high-grade material to the Los Helados deposit. LHDH079 was drilled along a north-south section of the Condor Zone, testing for the extension to depth of high-grade mineralization intersected in hole LHDH050. The hole intersected a long interval of mineralized phreato-magmatic breccia with rhyodacite fragments in the upper part and quartz-feldspar porphyry fragments in the lower part. Matrix supported hydrothermal breccias composed dominantly of pyrite-gypsum-tourmaline were intersected in the upper part of the hole. These breccias contain elevated gold values, including 12m (216m to 228m) at 0.85 g/t Au, and 40m (312m to 352m) at 1.16 g/t Au. The Condor Zone was intersected from 676m to 1086m, with the highest copper and gold grades associated with chalcopyrite, minor pyrite, magnetite and anhydrite. The zone was cut by a late-mineral dyke from 932.9m to 985.8m in this hole. LHDH081 was drilled to intersect the northern flank of the Fenix Zone, below the high copper and gold zone intersected in hole LHDH028. The Fenix Zone was intersected over a 200m interval from 1144m to 1364m and consists of a clast-supported hydrothermal breccia with jigsaw texture and a matrix composed of anhydrite, chalcopyrite, quartz and biotite. The average grade of this interval is 0.63% Cu and 0.12 g/t Au. LHDH082 was drilled to investigate the eastern boundary of the high-grade copper-gold envelope of the Condor Zone. The drillhole intersected rhyodacite and mafic host rock in the upper segments followed by the main Condor Zone from 550m to 1039.7m. The zone is comprised of a well-mineralized phreato-magmatic breccia with rhyodacite, gabbro-diorite and granite fragments. The sulphide mineralization shows a consistent increase in the chalcopyrite-pyrite ratio downwards including bornite occurrences at the bottom. The alteration also shows dominant chlorite-sericite assemblages at shallower levels, clearly overprinting potassic
alteration at depth. LHDH083 was drilled as a step out to the east of the discovery intersection of the Alicanto Zone in LHDH078.
The upper section intersected a long interval of phreato-magmatic breccia hosted by rhyodacite and cut by narrow intermineral feldspar porphyry dykes. The upper mineralization is pyrite-dominant with lesser chalcopyrite both as fine disseminations and irregular veins. Chalcopyrite increases from 504m coinciding with an increase in anhydrite veins. A 46m interval between 678m and 724m returned unusually high gold grades with moderate copper grades (average 0.96 g/t and 0.28% Cu) corresponding to late mineralization phases in the transition to epithermal mineralization. The Alicanto Zone was intersected from 884m to 1006m with an average grade of 0.94% Cu and 0.14 g/t Au as dominantly coarse grained chalcopyrite in an anhydrite-matrix breccia. Molybdenum grades are also elevated in this interval, averaging 190ppm. Los Helados contains at least three distinct high-grade zones hosted within well-defined structural corridors that cross cut the large breccia body that hosts the deposit; the Alicanto Zone, the Condor Zone, and the Fenix Zone. The current drilling program is focused on defining the geometry and size of the Alicanto and Fenix Zones. Holes currently in progress are outlined below: Holes in Progress; LHDH081-2: Testing continuity and extension of the Fenix Zone at depth. LHDH084: Drilling from south to north to intersect the Fenix Zone. LHDH085: Drilling from north to south to intersect the Fenix Zone. LHDH086: Target 100m step-out to the west of the Alicanto Zone. Four drills are active at Los Helados, supported by a directional drilling crew from STYR SpA, a leading provider of Devico directional drilling technology. The primary objective of the drill program is to define the size and geometry of the Alicanto and Fenix Zones which have excellent potential to add high-grade resources to the Los Helados deposit. The Company is also carrying out a comprehensive geophysical program to assist in targeting higher grade mineralization including a 3D IP/Resistivity survey, a drone borne magnetics survey, and a magneto-telluric survey.