NGEx Drills High-Grade Copper-Gold Intersections at Lunahuasi
Event summary
- NGEx Minerals drilled 20.50m at 17.83% CuEq and 13.50m at 11.36% CuEq at its Lunahuasi project in Argentina.
- Phase 4 drilling program completed with 27,318m drilled across 32 holes.
- Lunahuasi system remains open for expansion in multiple directions.
- High-grade intersections include 2.00m at 43.95% CuEq and 20.50m at 17.83% CuEq.
The big picture
NGEx's latest drill results at Lunahuasi highlight the potential of the project within the Vicuña District, home to major deposits like Caserones and Josemaria. The high-grade intersections suggest a robust mineralized system, positioning NGEx favorably among copper-gold explorers. The strategic location and continued expansion of the deposit could attract further investment as the company plans its next drilling phase.
What we're watching
- Resource Expansion
- Whether NGEx can sustain high-grade intersections in future drilling campaigns.
- Geological Interpretation
- How the updated geological model will impact target selection for Phase 5.
- Project Economics
- The pace at which Lunahuasi can transition from exploration to development.
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