NGEx reports copper mineralisation at Argentine prospect

9 August 2012 (Last Updated August 9th, 2012 18:30)

Canada-based NGEx Resources has reported assay results from two diamond drill holes conducted at the Filo del Sol project in San Juan, Argentina.

Copper Mineralisation

Canada-based NGEx Resources has reported assay results from two diamond drill holes conducted at the Filo del Sol project in San Juan, Argentina.

Results of the first hole FSDH06 found 384.9m of 0.68% CuEq including 224m of 0.85% CuEq, while the second hole FSDH07 found 42.5m 1.03% CuEq including 18m of 1.94% CuEq.

The company's drilling programme for the current year involved drilling six diamond holes across 2,048m.

NGEx president and CEO Wojtek Wodzicki said that the drilling programme helped the company understand the geological controls on the near-surface high-grade mineralisation at Filo del Sol prospect.

"This process is believed to be a key factor in the formation of high grade zones in other high-sulfidation systems," Wodzicki said.

"Today's results are the final batch from this year's drilling on the Company's South American copper-gold projects and cap what has been a very successful exploration season with significant progress and highly encouraging drill results from all our key projects including the nearby Los Helados and Josemaria projects.

"Planning is underway for next season's exploration program and we believe that all three projects still have excellent exploration potential and look forward to continued success when drilling restarts in the fourth quarter."

Filo del Sol is part of three advanced projects including the company's Los Helados and Josemaria projects in which NGEx Resources, as part of a joint venture, owns a 60% stake. The remaining interest is held by Japan Oil, Gas, and Metals National Corporation.


Image: NGEx drilling has yielded significant copper prospects. Photo: Courtesy of Jonathan Zander.