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NGEx Minerals Drills 90m at 4.05% CuEq and 21m at 8.09% CuEq, Confirming Major Discovery at Lunahuasi (ex-Potro Cliffs) Project
VANCOUVER, BC, July 4, 2023 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX) ("NGEx Minerals" "NGEx" or the "Company") is pleased to report results from the final seven
About this update from Ngex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC, July 4, 2023 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX) (\"NGEx Minerals\" \"NGEx\" or the \"Company\") is pleased to report results from the final seven diamond drill holes from this season's program at the Potro Cliffs project. Today's results confirm a major new high-grade copper-gold-silver discovery which we have named Lunahuasi (meaning \"House of the Moon\"). Lunahuasi is the fourth greenfields discovery made by the Lundin Group within the Vicuña District, joining the Filo del Sol, Los Helados, and Josemaria deposits. Lunahuasi is located approximately 6km northeast of Filo del Sol (meaning \"Ridge of the Sun\") along the same major structural corridor that also controls mineralization at Los Helados 9km further to the northeast. The portion of the Lunahuasi target drilled to date comprises a large swarm of quartz-sulphide veins carrying high values of copper, gold and silver. This mineralization is interpreted to be porphyry-related and is considered to be strong evidence for the presence of a nearby porphyry copper-gold system, possibly underlying the extensive alteration zone immediately to the west of this season's drilling. RESULTS WEBINARA live webinar to discuss NGEx Mineral's drilling results will be held on Wednesday, July 5, 2023 at 10:00 PDT/ 13:00 EDT via Zoom. Participants will have the opportunity to ask questions directly to Wojtek Wodzicki, President & CEO, and Bob Carmichael, VP Exploration. Please, click the link to join the webinar: NGEx Minerals WebinarPasscode: 861775 Wojtek Wodzicki, President and CEO commented, \"These results are the best initial drill holes that I have seen in my career and they confirm Lunahuasi as NGEx's next major high-grade discovery in the Vicuña District. We are very encouraged by both the quantity of veins and the consistently high grades intersected during what is only the first step in testing a very large alteration system. Today's results increase our confidence that the Lunahuasi veins and the surrounding 11km2 alteration zone were created by one or more porphyry copper-gold systems similar to the Filo del Sol system located 6 kilometres to the southwest. It is very important to note that the veins drilled to date overprint propylitic alteration indicating that this mineralization is in the outer halo of a yet to be discovered porphyry copper cen...