NGEx Minerals Ltd. provided the fifth update on its ongoing Phase 3 drill program at the high-grade copper-gold-silver project in San Juan province.
The junior company has received proceeds of approximately C$1,025,000.
The San Juan-based SME supplies white cement for the construction market and reagents for the mining and metallurgical sector.
The global race for copper is accelerating, with projections suggesting the world will need 70% more copper by 2050. This figure—equivalent to adding the output of 20 Escondida-sized mines each year—not only highlights the scale of the challenge but also underscores the vast opportunities for copper-producing countries, especially in South America.
The armed conflict between Russia and Ukraine represents the most significant crisis in Europe since 1945, with no end to hostilities in sight.
With the goal of securing funding for Route 66—which includes a logistical and mining component—the province is moving forward with project improvements through meetings with a World Bank mission.
José Cepeda, CEO of Minera Sud Argentina S.A., discusses the ongoing work at Chita to determine whether another deposit could be added to the project located in the Iglesia Department of San Juan province.
The Catamarca-based mining project has launched a comprehensive infrastructure plan in the department of Santa María, with an investment of ARS 600 million aimed at improving water access for local livestock production.