• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    NGEx Resources Report Q1 2018 Results

    Scott Tibballs
    May. 10, 2018 08:53AM PST
    Base Metals Investing

    NGEx Resources has announced its results for the three months ended March 31, 2018.

    NGEx Resources (TSX:NGQ) has announced its results for the three months ended March 31, 2018.

    Highlights include a CA$12.5 million private placement for proceeds to go towards the companies ongoing work programs in Chile and Argentina, including a scout drilling program at the companies new Nacimientos copper-gold project and an update on how the company is evaluating possible development options for the Josemaria deposit.

    As quoted in the press release, president and chief excecutive officer of NGEx, Wojtek Wodzicki said:

    “The first quarter was active and productive as we positioned the company for its next phase of growth. Our efforts were twofold: an internal review to optimize our development projects as well as increased exploration work on our new projects. At Josemaría, an opportunity to exploit more of the resource than originally considered in project constellation was highlighted. Additionally, starting with the stand-alone development of Josemaría could result in a faster path towards eventual production, while enhancing the long-term optionality at Los Helados (Chile). Josemaría benefits from several advantages including simple open pit mining, conventional processing, and access to water. We plan to initiate a pre-feasibility study on this concept, largely using existing data, and are targeting completion in Q1 2019. We were also active on the exploration front. We fast-tracked our exciting new Nacimientos project from early stage targeting to an initial drill program in 4 months. Nacimientos is a large property located south east of Barrick’s Veladero mine, in an extension of one of South America’s major gold belts and has potential for both gold and copper discoveries.”

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

    argentinachiletsx:ngqdrilling programprivate placementpre feasibility studycopper investingdrill program
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold nuggets on dark ground.

    Top 5 Junior Gold Mining Stocks on the TSXV in 2025

    All Signs Pointing to Another Strong Year for Gold with Record-High Gold Prices and Strong Demand

    All Signs Pointing to Another Strong Year for Gold with Record-High Gold Prices and Strong Demand

    Latest News

    AFDG - Embracing US strategy, acquisition of Butembo copper deposit in the DRC. Copper added to draft list of US strategic minerals

    Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

    Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property

    Quetzal Announces Conditional Acceptance of Reverse Takeover And Filing Statement

    Questcorp Mining Provides Update on Private Placement

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    African Discovery Group

    AFDG

    Copper Quest Exploration

    CQX:CC

    Empire Metals

    EPMLF

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES