NGEx Resources Inc. (TSX:NGQ) reports the commencement of the 2011 exploration program at the GJ copper-gold project.

The press release is quoted as saying:

This year’s exploration program is 100% funded by Teck Resources Limited (“Teck”) under an option agreement signed in August, 2010 whereby Teck has the right to earn an initial 51% interest by spending $12,000,000 by December 31, 2014 and up to a 75% interest by spending an aggregate of $44,000,000 by December 31, 2020.

Click here to access the entire press release