NGEx Resources Inc. (TSX:NGQ) announced the initial mineral resource estimate for its Filo del Sol silver-copper-gold deposit, which is located on the Chile-Argentina border.

At a 0.3-percent copper equivalent cut-off grade, the inferred resource for the deposit sits at 280.5 million tonnes grading 0.38 percent copper, 0.32 grams per tonne (g/t) gold, 9.7 g/t silver and 54 ppm molybdenum for a copper equivalent grade of 0.66 percent.

As quoted in the press release:

These results confirm a large resource with a significant oxide component and distinct high grade silver and copper zones. All mineral zones remain open to expansion.

Filo del Sol is a high-sulphidation epithermal copper-gold-silver deposit. Overlapping mineralizing events combined with weathering effects, including supergene enrichment, have created several different styles of mineralization at Filo, including structurally-controlled gold, manto-style high-grade silver (+/- copper) and high-grade supergene enriched copper within a broader envelope of disseminated sulphide copper and gold mineralization. Filo del Sol is part of an emerging cluster of significant copper-gold deposits which includes the Company’s nearby Los Helados and Josemaria deposits.

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