The drilling season at Lunahuasi ended with encouraging results

NGEx Minerals is a copper and gold exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina

NGEx Minerals Ltd. reports drill results from hole DPDH018 from the Lunahuasi Project located in the Vicuña District in San Juan Province, Argentina.

Wojtek Wodzicki, President and CEO, commented, "These latest results confirm the pattern seen in earlier drill holes with high-grade structures intersected over the full length of the hole and the intensity of stockwork mineralization between the individual high-grade structures increasing from east to west. This pattern reflects an increase in alteration and mineralization intensity towards the west which we believe is giving us a vector towards the centre of the system. The idea of the centre of the system lying to the west is supported by the surface geology, which includes an area of intense surface alteration centered between the collar of hole DPDH019 and the bottom of DPDH018. This is a style of alteration that typically occurs vertically above porphyry centres. Despite the grades seen in this drill hole, the alteration is suggesting that although we are getting closer, we are still not in the heart of the system. The fact that this drill hole intersects very high-grade mineralization near its end, including intervals at 8.06% CuEq and 10.31% CuEq, bodes well for the potential to extend mineralization to the west and to depth and perhaps hints at the strength of the underlying porphyry system that fed the mineralization drilled to date."

Highlights

• Drillhole DPDH018 intersected:
  • 5.7m at 10.38% copper equivalent ("CuEq") from 413.3m, plus
  • 14.0m at 5.80% CuEq from 461.0m, plus
  • 429.4m at 2.31% CuEq from 738.0m, including
  • 102.7m at 4.26% CuEq from 741.3m, including
  • 13.2m at 16.24% CuEq from 827.9m, plus
  • 3.1m at 16.54% CuEq from 896.4m, plus
  • 11.0m at 8.06% CuEq from 1142.0m, plus
  • 3.5m at 10.31% CuEq from 1159.4m.
  • The hole ended in mineralization with the final 20.4m averaging 3.37% CuEq (2.87% Cu, 0.45 g/t Au, 20.2 g/t Ag).

More information here