NGEx Drills High-Grade Copper-Gold Zones at Lunahuasi, Discovers New Mineralized Structure
Event summary
- NGEx Minerals drilled 34m at 7.25% CuEq and 48m at 7.72% CuEq in the Mars Zone at its Lunahuasi project in Argentina.
- A new high-grade mineralized zone was discovered 300m east of the Mars Zone, with 23m at 4.72% CuEq.
- Phase 4 drilling program completed with 27,318m drilled and 32 holes completed.
- Phase 5 drilling program planned to start in the third quarter of 2026.
The big picture
NGEx Minerals' latest drilling results at the Lunahuasi project highlight the continued exploration upside in the Vicuña District, which includes other significant copper-gold deposits. The discovery of a new high-grade zone underscores the potential for further expansions and the strategic importance of the region. The company's plans for Phase 5 drilling and the construction of an exploration adit demonstrate a commitment to advancing the project efficiently.
What we're watching
- Exploration Potential
- The discovery of a new high-grade zone 300m east of the Mars Zone opens up a new front for future exploration at Lunahuasi.
- Drilling Efficiency
- The initiation of construction of an exploration adit will provide access for drilling the deposit from underground drill stations, potentially maximizing drilling efficiency.
- Geological Model
- The pace at which NGEx can refine its geological model with the new data will be crucial for targeting future drilling campaigns.
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