NGEx Minerals Reports High-Grade Copper Intercepts Exceeding 20% at Lunahuasi Project in Argentina
Key Takeaways
- •NGEx Minerals reported new drill intercepts from Lunahuasi with one interval grading above 20% copper, far exceeding the typical economic processing grade of under 2%.
- •The latest drilling results extend mineralization at the Lunahuasi project in multiple directions, reinforcing its status as a significant exploration target.
- •Lunahuasi is situated in Argentina's emerging Vicuña copper-gold district, which has drawn increased exploration interest from both major and junior mining companies.
- •NGEx Minerals was spun out from the former NGEx Resources, which became Filo Corp.—the target of a 2024 acquisition bid by BHP and Lundin Mining.
- •The high-grade results come at a time of growing global copper demand driven by electric vehicle adoption, renewable energy infrastructure, and power grid expansion.
NGEx Minerals (TSX: NGEX; US-OTC: NGXXF) has released a new batch of high-grade copper, gold, and silver drill intercepts from its Lunahuasi project in Argentina. The latest results extend mineralization in multiple directions, with one interval grading more than 20% copper — a grade that is exceptionally high for copper deposits, where most economic operations worldwide process ore grading well below 2%.
Standout hole DPDH-078 was among the highlights of the announcement, though full interval details were not available in the publicly accessible portion of the report.
The Lunahuasi project is located in Argentina's Vicuña district, an emerging copper-gold belt in the Andean cordillera that has drawn increased exploration interest from major and junior miners alike. NGEx Minerals also holds the larger Los Helados copper-gold deposit in the same region.
NGEx Minerals is a Canadian-listed mineral exploration company focused on copper and gold projects in Argentina and the broader region. The company was spun out as a separate entity following the reorganization of the former NGEx Resources, which subsequently became Filo Corp. — itself the subject of a high-profile acquisition bid by BHP and Lundin Mining in 2024, underscoring strategic interest in the district.
NGEx Minerals' drilling campaign at Lunahuasi has consistently returned high-grade copper and precious metal intercepts, positioning the project as a significant exploration target in Argentina's mining sector. The results come amid growing global demand for copper, driven by its role in electric vehicles, renewable energy infrastructure, and power grid expansion.
Source: The Northern Miner