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Ngex Minerals Ltd(NGEX-X)
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NGEx Minerals Drills 90m at 4.05% CuEq and 21m at 8.09% CuEq, Confirming Major Discovery at the Lunahuasi (ex-Potro Cliffs) Project

Newswire.ca - Tue Jul 4, 2023

VANCOUVER, BC, July 4, 2023 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX) ("NGEx Minerals" "NGEx" or the "Company") is pleased to report results from the final seven diamond drill holes from this season's program at the Potro Cliffs project. Today's results confirm a major new high-grade copper-gold-silver discovery which we have named Lunahuasi (meaning "House of the Moon"). Lunahuasi is the fourth greenfields discovery made by the Lundin Group within the Vicuña District, joining the Filo del Sol, Los Helados, and Josemaria deposits. Lunahuasi is located approximately 6km northeast of Filo del Sol (meaning "Ridge of the Sun") along the same major structural corridor that also controls mineralization at Los Helados 9km further to the northeast. The portion of the Lunahuasi target drilled to date comprises a large swarm of quartz-sulphide veins carrying high values of copper, gold and silver. This mineralization is interpreted to be porphyry-related and is considered to be strong evidence for the presence of a nearby porphyry copper-gold system, possibly underlying the extensive alteration zone immediately to the west of this season's drilling. View PDF version.

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