NGEx Releases Updated Mineral Resource Estimate for Filo del Sol

NGEx Resources Inc. (TSX:NGQ) announced an updated mineral resource estimate for its Argentina-based Filo del Sol silver-copper-gold deposit. It replaces the company’s December 2014 estimate, and includes data from 24 further step-out and infill drill holes.
As quoted in the press release:

Above a 0.3% CuEq cutoff, contained copper has increased by 42%, contained gold has increased by 39% and contained silver has increased by 71%.
The total Inferred Resource for the Filo del Sol deposit, at a 0.30% CuEq¹ cutoff grade is:

• 381.0 million tonnes at a grade of 0.39% copper, 0.33 g/t gold and 12 g/t silver for a copper equivalent grade of 0.69% (3.3 billion pounds of copper, 4.0 million ounces of gold, and 149.8 million ounces of silver).

Wojtek Wodzicki, president and CEO of NGEx, commented:

We are very pleased with the significant increase in the Filo Resource and particularly the increase in the size of the high grade copper and silver zones. Filo continues to exceed our expectations and confirms our belief in the continued exploration upside of this project.

Click here to read the full NGEx Resources Inc. (TSX:NGQ) press release.