Drill Program At The Lunahuasi Expands To 25,000m With Two Additional Rigs

VANCOUVER - NGEx Minerals Ltd. reported on its ongoing Phase 3 drill program at the Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. Drilling started in mid-October 2024, and six diamond drill rigs are currently working on the project. Due to positive initial results from the program, two additional drills are scheduled to be added in February, and the planned program has been expanded from 20,000m to 25,000m.

Wojtek Wodzicki, President and CEO, said, "Lunahuasi continues to surprise to the upside and deliver some of the best copper-gold intercepts in the world. DPDH028 is a remarkable hole which is a significant step-out below previous drilling and includes the widest high-grade copper-gold intercept to date, with results for the final 1,000m of the hole still pending. Furthermore, it is becoming evident that Lunahuasi is also a very significant gold deposit with intervals and grades that rival those from known high-grade gold deposits. The deposit remains open in all directions and step-out drilling to expand the known zones and test for a porphyry source to the west remains a top priority. We are highly encouraged by the results to date and have decided to expand the program from 20,000m to 25,000m by adding two additional drill rigs which will bring the total to eight. The $175 million financing completed in October, 2024 provides full flexibility to adjust the program as results are received. With the drill program in full swing, we expect to be able to release a steady flow of results well into mid-year."