NGEx Minerals Ltd. Reports Significant Drill Results at Lunahuasi Project

April 24, 2025 — NGEx Minerals Ltd. (TSX: NGEX) (OTCQX: NGXXF), a Vancouver-based mining exploration company, has announced significant drill results from its ongoing Phase 3 program at the Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. The company reported drilling 40.0 meters at 7.02% copper equivalent (CuEq), which includes a notable 10.1 meters at 18.21% CuEq, and an additional 271.9 meters at 2.88% CuEq.

The fifth update on the Phase 3 drill program highlights the successful completion of twenty drill holes, with a total of 23,352 meters drilled to date. NGEx Minerals has begun winding down its operations at Lunahuasi, with two of the six drill rigs already demobilized in anticipation of the onset of winter weather conditions in the region.

Project Overview

Lunahuasi is a 100% owned project by NGEx Minerals, known for its high-grade copper-gold-silver mineralization. The recent drilling results underscore the project’s potential, with significant intersections of mineralization extending to the north. Drillhole DPDH033, for instance, intersected 40.00 meters at 7.02% CuEq from 935.00 meters, including 6.20 meters at 7.96% CuEq from 937.80 meters.

Company Profile

NGEx Minerals Ltd. is a mining exploration company specializing in the discovery and development of mineral resources, primarily focusing on copper and gold deposits. The company serves clients globally and is listed on the Toronto Stock Exchange (TSX) under the symbol NGEX. As of April 22, 2025, NGEx Minerals had a market capitalization of CAD 2.42 billion, with a close price of CAD 12.04. The company’s price-to-earnings ratio stands at -35.54, reflecting its current financial metrics.

For more detailed information on NGEx Minerals’ operations and initiatives, interested parties can visit their website at www.ngexminerals.com or follow their trading activities on the TSX Venture Exchange.

This article is based on the latest financial news and updates provided by NGEx Minerals Ltd. and other financial news sources as of April 24, 2025.