NGEx Minerals Ltd., a future minerals company, has announced the supplementary drilling results of its high-grade copper, gold, and silver project at Lunahuasi in San Juan Province, Argentina. The analysis results of samples from four of the remaining eight drill holes in the Phase III drilling program are as follows.
Drill Hole DPDH041
◎ An 8.30-meter ore intersection was encountered at a depth of 266.7 meters, with a copper equivalent grade of 12.38%.
◎ An 89.10-meter ore intersection was encountered at a depth of 581.9 meters, with a copper equivalent grade of 4.09%. Among them, a 38.10-meter ore intersection was encountered at a depth of 605.4 meters, with a copper equivalent grade of 7.07%.
Drill Hole DPDH042
◎ A 48.90-meter ore intersection was encountered at a depth of 281.7 meters, with a copper equivalent grade of 7.75%. Among them, a 12.55-meter ore intersection was encountered at a depth of 292.25 meters, with a copper equivalent grade of 19.05%.
◎ A 2.30-meter ore intersection was encountered at a depth of 509.1 meters, with a copper equivalent grade of 23.82%.
Drill Hole DPDH043
◎ A 46.80-meter ore intersection was encountered at a depth of 492.2 meters, with a copper equivalent grade of 9.55%. This includes a 7.00-meter ore intersection starting from 492.2 meters, with a copper equivalent grade of 24.86%.
The company believes that these drilling results have confirmed and extended known high-grade ore zones, enhanced the understanding of the porphyry mineralization system, and discovered new ore zones. In particular, Drill Hole DPDH043 encountered a 46.80-meter ore intersection with a copper equivalent grade of 9.55%. The next phase of drilling is already planned and is expected to commence in October.
