NGEx Minerals Ltd. announced results from two drill holes completed as part of the Phase 4 Drill Program at its 100%-owned high-grade copper-gold-silver Lunahuasi project, located in San Juan Province.
By Panorama Minero
Highlights include:
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Drillhole DPDH064 intersected:
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1,540.10m at 1.17% CuEq from 196.00m, including
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663.00m at 1.85% CuEq from 572.00m in High Sulphidation (HS) mineralization, including
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88.00m at 8.65% CuEq from 572.00m in the Saturn Zone, including
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15.65m at 30.13% CuEq from 583.35m, plus
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501.10m at 0.73% CuEq from 1,235.00m in Porphyry mineralization, including
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156.00m at 1.00% CuEq from 1,512m
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Hole ended in mineralization
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Drillhole DPDH066 intersected:
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394.00m at 0.24% CuEq from 1,249.00m, including
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63.00m at 0.36% CuEq from 1,249.00m
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48.00m at 0.39% CuEq from 1,580.00m
Wojtek Wodzicki, President and CEO, commented, “Hole DPDH064 is one of the most important holes we have drilled, crossing the high-sulphidation system and continuing well into the adjacent porphyry deposit, highlighting the impressive scale and grade of Lunahuasi. This hole also confirms that the Lunahuasi porphyry includes a large breccia body with significant copper and gold grades. High-grade breccias are an important part of many notable porphyry deposits worldwide and the fact that we are seeing this style of mineralization in only our second hole into the Lunahuasi porphyry bodes well for the potential of the deposit.”
Holes DPDH064 and DPDH066 confirm the presence of a large, high-grade copper-gold porphyry system to the west of, and in part overprinted by, the Lunahuasi HS deposit.
The Phase 4 program is now complete, with a total of 27,318m drilled and 32 holes completed. Assay results from the final nine holes will be released once assays are received, analyzed, and confirmed by the Company.
