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NGEx Resources Inc.
Summary
| Project: | Constellation | |
|---|---|---|
| Deposit: | Josemaria | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 4/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-4-2019: NGEx Resources Inc. announces an Exploration/Drilling Update report for its Josemaria deposit at the Constellation project. Drilling results incl. 424.0m @ 0.51% Cu, 0.41g/t Au, 1.2g/t Ag from 16.0m. Vancouver, April 01, 2019 - NGEx Resources In | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bob Carmichael (Internal) | |
| ABSTRACT: | Vancouver, April 01, 2019 - NGEx Resources Inc. (TSX: NGQ) (Nasdaq Stockholm: NGQ) (“NGEx” or the “Company”) is pleased to announce initial results from this season’s reserve definition diamond drill program at its 100% owned Josemaría Project in San Juan Province, Argentina. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first five years of production in the recently-completed Pre-Feasibility Study (PFS), and to provide material for feasibility-level metallurgical testwork. The program was successful and achieved both of these objectives. This drilling was part of a comprehensive field program carried out over the last five months designed to collect information required for a Feasibility Study, which is planned to be completed in 2020. A total of 6,570 metres in 22 reserve definition diamond drill holes was completed during the program. Results from twelve of the reserve definition drill holes are presented below. As these holes were designed to test only the initial five-year pit shell, several of them ended in mineralization (which would be mined after the initial five years) and, accordingly, represent only partial intersections of the entire orebody. These holes are marked with an asterisk in the table below. | |
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