Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: NGEx Minerals Inc.
Project name: Los Helados
Location: Chile
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 876.0m @ 0.56% Cu, 0.28g/t Au, 2.1g/t Ag from 124.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, APRIL 26, 2022 – NGEx Minerals Ltd. (TSXV: NGEX) (“NGEx Minerals” or the “Company”) is pleased to report initial assay results from the Company’s 2022 drill campaign at the Los Helados copper-gold project located in Region III, Chile. LHDH073 is the first hole of an ongoing diamond drill program focused on defining and extending the high-grade core of the Los Helados deposit, as defined by the 0.7% copper equivalent (“CuEq”) grade shell within the current resource model. An additional two holes have been completed to date, and three holes are underway. Assay resultsfor these holes are pending. Drilling with three rigs will continue until the onset of winter weather, which is expected in late May or early June. Hole LHDH073 was drilled towards the eastern boundary of the high-grade core, in an area where spacing between previously completed adjacent holes was between 170m and 270m. The intersection of the highgrade zone is represented by the 696m interval beginning at 216m. The hole entered the zone about 80m shallower than predicted, and exited it very close to the modelled contact along the southeastern edge. The bottom 90m of the hole remained in good mineralization, slightly below the 0.7% CuEq cutoff, at 0.64% CuEq (0.56% Cu, 0.11 g/t Au, 2.0 g/t Ag).
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