NGEx Minerals Ltd. (TSXV: NGEX) has discovered a significant new zone of high-grade copper, gold and silver mineralization at the wholly-owned Potro Cliffs project located in San Juan Province, Argentina.
The latest results are interpreted to be the first intercepts into the edges of a major new copper-gold system located midway between the company’s Los Helados Cu-Au Porphyry deposit, located nine km to the north and Filo Mining’s Au-Cu-Ag epithermal/porphyry deposit, located seven km to the south.
DPDH002 intersected multiple zones of massive to semi-massive sulphide veins and breccias, including:
- 4.0m at 8.44% CuEq from 150.0m
- 60.0m at 7.52% CuEq from 212.0m, Includes 10.0m at 18.00% CuEq and 6.0m at 14.00% CuEq
- 4.0m at 4.57% CuEq from 308.0m
- 4.0m at 3.89% CuEq from 520.0m
- 10.0m at 7.08% CuEq from 574.0m.
“These are some of the best grades I have seen in my career, and it is remarkable to have hit such significant mineralization so early in the first ever drill programme on this target,” President and CEO, Wojtek Wodzicki, said.
“Today’s results include the highest copper grades drilled to date in the Vicuna District and rank among the highest copper grades intersected globally in the last few years. This style of mineralization typically occurs lateral to, or above major porphyry copper-gold systems and the grades and thickness reported today are very encouraging indicators of the strength and potential of the system that is the source of these high-grade zones.
“One of the key messages from the Vicuna District presentation that we made a few years ago was that giant metal districts tend to continue to deliver new discoveries. Today’s results reinforce that point and I am confident that we are in the very earliest stages of defining the fourth major deposit discovered in the Vicuna district.
“This discovery builds on the remarkable track record of exploration success that the NGEx has built over the years, and I could not be more proud of our team. The Company is planning an expanded exploration program to begin to systematically follow-up these exciting results.
“The 2023 drilling programme has focused on improving our initial understanding of this large alteration zone and following up on surface sampling results. Topography at the Potro Cliffs alteration zone offers the opportunity to test different levels within the hydrothermal system, with holes at the bottom of the cliffs testing areas 600m vertically below holes collared at the top of the cliffs.”
Next Steps
The initially planned programme is being re-evaluated in light of the results of DPDH002 and will continue to be modified based on results of the next few holes. The current plan is to focus on expanding and delineating the mineralization intersected in DHPH002. Drilling is planned to continue until the onset of winter conditions in May.
For further information please visit: https://ngexminerals.com/
