NGEx Minerals Reports Latest Results From Lunahuasi Project, Argentina
NGEx Minerals (NGEX.TO) Wednesday announced the latest results of five drill holes from its Lunahuasi project in San Juan, Argentina.The results show the high-grade gold component of the project, with highlights at drillhole DPDH070 including 17.3m at 207.79 grams per tonne (g/t) gold, including 2.00m at 1,740.00 g/t gold, plus 4.88m at 60.10 g/t gold.Another drill hole, DPDH063, intersected 4.88m at 60.10 g/t gold, from 831.50m, including 1.38m at 159.50 g/t gold from 835.00m"Today's news release highlights the high-grade gold component of this remarkable deposit, with two new intersections showing grades comparable to some of the best gold-only deposits worldwide, including a 2 metre sample at 1,740 g/t gold. It is becoming clear that these high-grade gold quartz veins occur throughout the deposit, as shown by the 660m distance between the intersections in holes DPDH063 and DPDH070," chief executive Wojtek Wodzicki said.The company is seeing these veins consistently within the Mars and Saturn zones, but also sees this type of mineralization in areas of sparse drilling outside of the named zones, as with DPDH063, a statement added.NGEx Minerals shares closed up $1.36 to $28.36 on Tuesday on the Toronto Stock Exchange.