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NGEx Resources Inc.
Summary
| Project: | Constellation | |
|---|---|---|
| Deposit: | Los Helados | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 5/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-5-2019: NGEx Resources Inc. announces a Supporting Acquisition report for its Los Helados deposit at the Constellation project. Amended previous technical report. This report was prepared for NGEx Resources Inc. in order to replace the previous technic | |
| Resources: | (Resource): 2099Mt @ 0.48% CuEq. (Ind.) and 827Mt @ 0.39% CuEq. (Inf.) | |
| CP/QP: | [Resources]: Gino Zandonai (Independent) | |
| ABSTRACT: | This report was prepared for NGEx Resources Inc. in order to replace the previous technical report for Los Helados, which was “Constellation Project Incorporating the Los Helados deposit, Chile and the Josemaria Deposit, Argentina, NI 43-101 Technical Report on Preliminary Economic Assessment” with an effective date of February 12, 2016 (the “Constellation Report”; Ovalle et al., 2016). The Constellation Report was a Preliminary Economic Assessment (“PEA”) summarizing a mining project which jointly developed the Los Helados and Josemaria deposits. Subsequent to the Constellation Report, a Preliminary Feasibility Study (“PFS”) was completed by NGEx outlining a standalone mining operation for the Josemaria deposit. The Constellation Report was therefore superseded by the Josemaria PFS report, necessitating a new, current technical report to be filed for Los Helados. It should be noted that although the Constellation Report is no longer current, Project Constellation remains a viable development option for the Los Helados and Josemaria deposits, and the information and conclusions of that report have not been invalidated. Currency is expressed in U.S. dollars and metric units are used, unless otherwise stated. The Report uses Canadian English. For the purposes of this Report, the parent and subsidiary companies are referred to interchangeably as “NGEx”. | |
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