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NGEx Drills 53.50m at 7.79% CuEq, 75.45m at 4.95% CuEq, and 15.25m at 16.56% CuEq at Lunahuasi, With Successful Step Out Holes Now Extending Mineralization Over 1,000m North to South

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NGEx logo (CNW Group/NGEx Minerals Ltd.)
NGEx logo (CNW Group/NGEx Minerals Ltd.)

VANCOUVER, BC, Feb. 19, 2025 /CNW/ - NGEx Minerals Ltd. ("NGEx", "NGEx Minerals" or the "Company") (TSX: NGEX) (OTCQX: NGXXF) is pleased to provide the third update on its ongoing Phase 3 drill program at the 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. Six drill rigs are currently turning at Lunahuasi with seven holes completed and 12,800m drilled. Two additional rigs are scheduled to start before the end of February and the planned program has been expanded from 20,000m to 25,000m. PDF Version

This news release includes remaining results for three holes partially released earlier (DPDH024, DPDH025, and DPDH026), and partial results for an additional three holes (DPDH027, DPDH028, DPDH029), as indicated below in Table 2. Results from the upper parts of DPDH024 and DPDH025 were released on December 18, 2024 and January 21, 2025. A summary of assay intervals by news release date is included in Table 3. The highlighted intersections from this release, including notable gold values, are shown below, and individual metal grades and estimated true widths of all intersections are shown in Table 1. Updated drill program progress and collar locations are shown in Table 2.

Wojtek Wodzicki, President and CEO, commented, "Lunahuasi continues to deliver very high-grade, copper-gold-silver intersections over considerable widths and with these latest drill results, which include positive results received from our biggest step out holes to date, we are starting to significantly extend the mineralized system and demonstrate that at Lunahuasi we have a rare combination of very high grades and very large size potential.

The intercepts in DPDH028 (53.5m @7.79% CuEq) and DPDH029 (157m @ 2.16%CuEq) are particularly important because they are large step-outs from previously intercepted mineralization. The intercept in DPDH028 is deeper and to the west of all previous holes and is open in all directions. The intercept in DPDH029 is 470m south of DPDH028 and correlates well with a large structure seen in DPDH 021, 022, 027, and 028. DPDH029 is the largest step-out to the south to date. Results have been received to a depth of 1060m and the hole is continuing to drill to depth.

Drilling to date has now encountered mineralization over a minimum north-south extent of just over 1km from DPDH025 in the north to DPDH029 in the south, a minimum vertical extent of just over 1km and a minimum east-west extent of also just over 1km. These are minimum dimensions – the deposit remains open in all directions and every hole drilled into it has encountered multiple mineralized intersections. Our focus remains on continuing to push the boundaries and try to determine how big this unique deposit might be."