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NGEx Drills 1.06% Copper Equivalent Over 304 Metres at Los Helados

Investing News Network
Apr. 23, 2013 01:08PM PST
Base Metals Investing

NGEx Resources Inc. (TSX:NGQ) announced assay results from the Los Helados deposit.

As quoted in the press release:

NGEx Resources Inc. (TSX:NGQ) announced assay results from the Los Helados deposit.

As quoted in the press release:

Highlights from the results reported today include: LHDH21 (extension of previously reported hole) with 1,286 metres of 0.58% CuEq (0.46% copper, 0.18 g/t gold) including 304 metres of 0.77% CuEq (0.63% copper, 0.20 g/t gold) and; LHDH55 with 886 metres of 0.68% CuEq (0.55% Cu, 0.19 g/t gold) including 304 metres of 1.06% CuEq (0.86% copper; 0.29 g/t gold).

NGEx’s President and CEO, Wojtek Wodzicki, said:

This season’s drill program included a combination of infill holes designed to convert the existing Inferred Resources to Indicated and step out drilling designed to test areas outside the existing resource boundary. The infill drilling increased the drill hole density in areas currently classified as Inferred, and has helped to confirm the geological model and grade distribution. Step out drilling was successful in intersecting mineralization beyond the current resource boundary. Drilling from this season’s program will contribute to the resource update expected to be completed in the third quarter. The mineralization remains open to the north and at depth.

To view the whole press release, click here.

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