NGEx Minerals Ltd Reports Significant Drill Results at Lunahuasi
NGEx Minerals Ltd. (TSX: NGEX; OTCQX: NGXXF) announced the latest results from its Phase 4 drilling program at the 100 % owned Lunahuasi project in San Juan, Argentina. The company reported that four drill holes produced high‑grade copper‑equivalent (CuEq) intercepts that reinforce the viability of the project’s resource potential.
Drill Findings
| Drill Hole | Depth (m) | CuEq (%) | Notable Intercepts |
|---|---|---|---|
| DPDH049 | 1,246.50 | 0.86 | 13.61 m @ 6.15 CuEq from 724.49 m; 7.45 m @ 15.03 CuEq from 941.45 m; 3.60 m @ 26.87 CuEq from 1,003.40 m |
| DPDH055 | 49.00 | 2.29 | 2.00 m @ 19.91 CuEq from 858.00 m |
| DPDH057 | 131.00 | 5.09 | 5.00 m @ 29.05 CuEq |
These results demonstrate sustained copper‑equivalent grades extending across a significant depth interval. The presence of high‑grade pockets, particularly the 29.05 % CuEq intercept, highlights the potential for economically recoverable resources.
Contextualizing the Results
The Lunahuasi project lies within a region known for its copper‑gold‑silver mineralization. NGEx’s exploration strategy focuses on defining such high‑grade deposits for clients worldwide, aligning with the company’s broader objective of uncovering valuable mineral resources beyond traditional copper and gold.
The drilling outcomes arrive at a time when NGEx’s share price remains stable. As of February 8, 2026, the stock closed at CAD 29.60, well within the 52‑week range of CAD 31.82 (high) and CAD 10.15 (low). With a market capitalization of approximately CAD 6.4 billion, the company’s valuation reflects investor confidence in its exploration pipeline.
Implications for the Company and Investors
- Resource Confidence – The depth of the CuEq intercepts supports ongoing resource estimation work and may accelerate the transition from exploration to development planning.
- Capital Efficiency – NGEx emphasizes low capital intensity and operating expense in its projects. The high‑grade nature of the Lunahuasi intercepts could reduce future development costs.
- Market Position – Positive drilling results enhance NGEx’s profile within the mining exploration sector, potentially attracting strategic partners or joint‑venture opportunities.
Company Overview
NGEx Minerals Ltd. is headquartered in Vancouver, Canada, and operates primarily through exploration of mineral resources that include copper, gold, and silver. The company serves a global client base and maintains a presence on the Toronto Stock Exchange and the TSX Venture Exchange. Further operational details can be accessed via the company’s website, www.ngexminerals.com .
Forward Outlook
While the company has not issued a formal resource estimate based on the current drill results, it plans to continue its Phase 4 program and subsequently advance to a comprehensive resource definition. Investors and stakeholders are advised to monitor forthcoming updates for developments related to resource quantification, metallurgical testing, and potential partnership discussions.
This article summarizes the most recent publicly available information regarding NGEx Minerals Ltd.’s drilling achievements at Lunahuasi. All figures and statements are sourced from the company’s official communications and reputable financial news outlets.
