Business
NGEx Minerals Drills 94.00m at 8.99% CuEq including 21.70m 31.92% CuEq at Lunahuasi
VANCOUVER, BC, Jan. 12, 2026 /CNW/ - NGEx Minerals Ltd. ("NGEx", "NGEx Minerals" or the "Company") (TSX: NGEX) (OTCQX: NGXXF) is pleased to announce drill resul
About this update from Ngex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC, Jan. 12, 2026 /CNW/ - NGEx Minerals Ltd. (\"NGEx\", \"NGEx Minerals\" or the \"Company\") (TSX: NGEX) (OTCQX: NGXXF) is pleased to announce drill results from holes DPDH050 through DPDH054 from the ongoing Phase 4 drill program at its 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. Eight rigs are currently drilling at the project. Highlights: Drillhole DPDH051 intersected 327.40m at 3.74% CuEq from 436.70m, including; 4.30m at 12.67% Cu, 62.11 g/t Au and 297.1 g/t Ag from 561.70m, 5.80m at 14.40% CuEq from 683.00m, 7.30m at 14.50% CuEq from 716.00m, 3.00m at 11.28% CuEq from 742.00m. Drillhole DPDH052 intersected 13.00m at 5.99% CuEq from 395.40m. Drillhole DPDH054 intersected 94.00m at 8.99% CuEq from 271.00m, including; 21.70m at 31.92% CuEq (with 25.21 g/t Au) from 284.10m. Wojtek Wodzicki, President and CEO, commented, \"With the Phase 4 program fully underway, assay results are now steadily coming in, and we look forward to regular updates over the coming months. The holes released today continue to support our geological interpretation and expand the size of the Mars, Jupiter and Saturn zones. They also reinforce Lunahuasi's gold potential, with new high-grade intersections in holes DPDH050, DPDH051 and DPDH054. The gold intersections in holes 50 and 51 are in the Saturn Zone while hole 54 is 335m away in the Mars Zone, clearly demonstrating that high-grade gold occurs throughout the deposit. We are now in the middle of summer in Argentina and are taking advantage of the season to start drilling some big step outs that will test larger-scale conceptual targets and explore for new deposits in the vicinity. With over 12,000m drilled so far this season we are well on our way to accomplishing our largest program ever at Lunahuasi.\" Lunahuasi Geology Drill Plan 2026 Jan Phase 4 Progress The Phase 4 program continues to be ahead of schedule. To date, over 12,000m have been drilled with 12 holes completed and eight underway. Initial holes have focused on defining and expanding the three named zones, Saturn, Mars, and Jupiter, and drilling will start to pivot towards larger step-outs and test new exploration targets as the campaign progresses. Of the completed Phase 4 holes, two have been drilled into the Jupiter Zone, two into Mars and eight into Sa...