NGEx Drills High-Grade Copper Intersections at Lunahuasi
Event summary
- NGEx Minerals drilled 19.00m at 25.84% CuEq within 57.75m at 9.41% CuEq at its Lunahuasi project in Argentina.
- Drillhole DPDH077 highlighted the Jupiter Zone, extending it by about 100m from previous intersections.
- Phase 4 drilling program completed with 27,318m drilled and 32 holes completed.
- Saturn Zone expanded by over 100m up-dip and down-plunge in step-out holes DPDH069 and DPDH072.
The big picture
NGEx's latest drill results at the Lunahuasi project underscore the potential of the Jupiter and Saturn zones, which remain open in multiple directions. The high-grade intersections could position Lunahuasi as a significant copper-gold-silver asset within the Vicuña District, an area already home to major mining operations like Caserones. The strategic focus on updating geological models and planning Phase 5 drilling highlights NGEx's commitment to advancing the project amid fluctuating commodity prices.
What we're watching
- Resource Expansion
- Whether NGEx can sustain high-grade intersections in future drilling phases.
- Geological Interpretation
- How the updated geological model will guide Phase 5 drilling and target selection.
- Market Dynamics
- The pace at which NGEx can translate drill results into increased valuation.
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