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NGEx Minerals Drills 62 Metres At 6.98% Copper Equivalent And 63 Metres At 5.84% Copper Equivalent At Lunahuasi
VANCOUVER, BC, Jan. 8, 2024 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX) ("NGEx", "NGEx Minerals" or the "Company") is pleased to report the first set of drill resul
About this update from Ngex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC, Jan. 8, 2024 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX) (\"NGEx\", \"NGEx Minerals\" or the \"Company\") is pleased to report the first set of drill results from the current program at the Lunahuasi Project located in the Vicuña District in San Juan Province, Argentina. Highlights Drillhole DPDH009 intersected 62.0m at 6.98% copper equivalent (\"CuEq\") from 144.0m, including: 26.1m at 13.36% CuEq from 168.9m 4.5m at 18.37% CuEq from 171.8m 6.5m at 26.00% CuEq from 188.5m The intercepts above are included within a broader interval of 128.3m at 4.01% CuEq from 144.0m Estimated true widths of the intersections are shown in Table 1 below Hole completed to a depth of 582.0m and all assays complete. Drillhole DPDH010 intersected 62.6m at 5.84% CuEq from 226.0m, including: 9.4m at 12.10% CuEq from 232.0m 4.2m at 19.70% CuEq from 282.2m The intercepts above are included within a broader interval of 102.0m at 4.56% CuEq from 192.0m Estimated true widths of the intersections are shown in Table 1 below Hole was completed to a depth of 1,070.2m and assays to 355.3m are complete with the remainder pending. Wojtek Wodzicki, President and CEO, commented, \"Our second drill campaign at Lunahuasi is well underway, and we are very excited about these initial results. Not only are we demonstrating the size and continuity of our new high-grade discovery, but we are beginning to understand the orientations of the zones and the overall deposit geometry. In parallel with the drill campaign which has initially focused around area of the initial Lunahuasi discovery hole, DPDH002, our geologists have been hard at work on surface mapping and sampling and we have developed some exciting new targets which will be drilled in the near future.\" Drilling is beginning to outline three main mineralized structures which are trending north-northwest and dipping steeply to the west. The two holes reported here are interpreted to have intersected the middle structure, which also includes the discovery intersection of 60.0m at 7.52% CuEq (5.65% Cu, 2.04 g/t Au, 44.0 g/t Ag) from hole DPDH002 drilled in our inaugural campaign last year. Relative to that intersection, the 62.0m interval reported from DPDH009 is 60m above and the 62.6m interval reported from DPDH010 is 87m to the southwest at the same elevation. The mineralize...