NGEx Drills High-Grade Copper-Gold Intersections at Lunahuasi Project
Event summary
- NGEx drilled 1,540m at 1.17% CuEq in hole DPDH064, including 88m at 8.65% CuEq in the Saturn Zone and 501m at 0.73% CuEq in the porphyry deposit.
- The drill hole confirmed a large breccia body with significant copper and gold grades within the Lunahuasi porphyry system.
- Phase 4 drilling program completed 27,318m across 32 holes, with assay results pending for the final nine holes.
The big picture
NGEx's latest drilling results highlight the growing potential of its Lunahuasi project, adding to the emerging high-grade copper-gold systems in the Vicuña District. The discovery of a significant breccia body within the porphyry system aligns with notable deposits like Filo del Sol and Los Helados, positioning NGEx favorably in the competitive landscape of copper exploration.
What we're watching
- Resource Potential
- Whether the high-grade breccia body and porphyry system can sustain further significant mineralization discoveries.
- Drilling Strategy
- How NGEx will use the new data to optimize targeting for the upcoming Phase 5 drill program.
- Market Impact
- The pace at which these results could influence investor sentiment and valuation of NGEx's Lunahuasi project.
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