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NGEx Minerals Reports Q1 2026 Results; Phase 4 Lunahuasi Drill Program Continues to Highlight Size, Grade and Upside
VANCOUVER, BC, May 8, 2026 /CNW/ - NGEx Minerals Ltd. ("NGEx Minerals" "NGEx" or the "Company") (TSX: NGEX) (OTCQX: NGXXF) is pleased to report its results
About this update from Ngex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC, May 8, 2026 /CNW/ - NGEx Minerals Ltd. (\"NGEx Minerals\" \"NGEx\" or the \"Company\") (TSX: NGEX) (OTCQX: NGXXF) is pleased to report its results for the three months ended March 31, 2026. Summary of Highlights Highlights for the three months ended March 31, 2026 (\"Q1 2026\"), and subsequent period thereto, include the following, details of which are discussed later in the release: Phase 4 Lunahuasi drill program achieves campaign objectives. The Company's Phase 4 drill program at Lunahuasi is now complete, with a total of 27,318 metres drilled in 32 holes. Phase 4 assay results received to date have continued to demonstrate the deposit's scale and high grades, particularly in the Mars and Saturn zones. Notable intersections released during Q1 2026 include: Mars zone: DPDH054, which intersected 94.00 metres at 8.99% copper equivalent (\"CuEq\"), including 21.70 metres at 31.92% CuEq; and Saturn zone: DPDH051, which intersected 327.40 metres at 3.74% CuEq and DPDH059, which intersected 335.15 metres at 4.08% CuEq. Final Phase 4 assays, representing approximately 50% of the drilling completed, are expected to be released as received until the third quarter of 2026. Confirmation of two new high-grade zones. Phase 4 drilling has also confirmed and begun to define two new high-grade zones, which reaffirm a key feature of the Lunahuasi system: the occurrence of multiple mineralized zones and multiple overlapping styles of mineralization. In summary: At the northern limit of the current drill pattern, DPDH058 intersected 109.00 metres at 3.37% CuEq, including 6.00 metres at 14.53% CuEq; and 300m east of the Mars zone, geotechnical hole DPGT004 intersected 23.10 metres at 4.71% CuEq including 4.20 metres at 17.94% CuEq. Environmental approval received for a proposed exploration adit at Lunahuasi. In March 2026, NGEx Minerals received approval from the Mining Authority of San Juan Province, Argentina, for a proposed exploration adit at the Lunahuasi project. Approval of the Environmental Impact Statement for the adit was a crucial step in the Lunahuasi story, which will enable the Company to proceed with underground development once additional sectoral permits are received. When complete, the adit is expected to provide a platform to conduct exploration and definition drilling, metallurgical sampling, and geot...