NGEx Minerals (TSXV: NGEX) continues to hit extensive intercepts of copper mineralization at its Los Helados project in Chile. The firm last night released results from another hole, with final results from the ten hole drill program expected to be released in the coming weeks.
Highlights from the results include:
- LHDH077: 989 metres of 0.51% copper, 0.27 g/t gold and 1.7 g/t silver, or 0.69% copper equivalent, including 124.0 metres of 0.71% copper, 0.47 g/t gold and 2.6 g/t silver, or 1.02% copper equivalent
Mineralization within hole LHDH077 is said to begin at surface, while intersecting what is referred to as high grade mineralization both above and below previously modelled limits of the mineralized shell. The Condor zone as a result has been extended.
“Hole LHDH077 achieved one of our key objectives for this season which was to test ideas for extensions of the Condor Zone identified through our systematic reinterpretation of Los Helados geology and geophysics. With LHDH077, we exceeded our expectations by adding 108 meters of shallower high-grade material in addition to extending the Condor Zone by 252 meters at depth,” commented CEO Wojtek Wodzicki.
With the drill program now completed, four drill holes remain outstanding. A follow up program is now being planned for the property following the high grade intercepts made under the current program, with drilling expected to resume in September.
NGEx Minerals last traded at $1.59 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
