NGEx Minerals recently announced significant advancements in its Lunahuasi Copper-Gold-Silver Project located in Argentina’s San Juan Province. The company’s Phase 4 drilling campaign has successfully extended multiple mineralized zones, including Saturn, Mars, and Jupiter, while also identifying a new area of mineralization. The program, which concluded in late April, comprised 32 drill holes totaling 27,318 meters.
Phase 4 Drilling Yields Promising Results
The latest drilling results from NGEx Minerals highlight some impressive intercepts, underscoring the potential of the Lunahuasi project. Notably, drill hole DPDH064 intersected 1,540.10 meters at 1.17% copper equivalent (CuEq), while DPDH077 reported 57.75 meters at 9.41% CuEq, including a high-grade section of 19 meters at 25.84% CuEq. Additionally, geotechnical hole DPGT004 revealed 23.10 meters at 4.72% CuEq. These results build on the success of previous drilling phases, which have consistently demonstrated the project’s robust mineral potential.
NGEx Minerals completed Phase 3 drilling in May 2025, during which 25,003 meters were drilled across 24 holes. This phase not only extended the original high-grade vein discovery but also confirmed the presence of a new copper-gold porphyry system and an ultra-high-grade gold-in-quartz-vein style of mineralization. The Phase 3 campaign included a remarkable intercept of 726.5 meters at 1.66% CuEq in hole DPDH022 and 17.3 meters at 207.79 g/t gold, 2.02% Cu, and 16.2 g/t Ag in hole DPDH070.
Comparative Analysis and Historical Context
The Lunahuasi project has been a focal point for NGEx Minerals, with over 70,000 meters drilled across more than 77 holes by the end of Phase 3. The project’s strategic location in Argentina’s San Juan Province, a region known for its rich mineral deposits, enhances its significance within the mining industry. The company’s exploration strategy has been methodical, with each phase providing valuable insights into the geological framework and potential resource size.
Historically, NGEx Minerals has demonstrated a commitment to extensive exploration as evidenced by the ultra-high-grade gold intercepts of up to 504 g/t reported in the 2024-2025 drilling campaigns. The company’s ongoing efforts to delineate the resource base at Lunahuasi align with its broader objective of advancing high-potential exploration assets.
Outlook and Industry Impact
Looking ahead, NGEx Minerals has indicated that its Phase 4 drilling will continue through May 2026, with over 22,000 meters already completed as of their Q2 2026 report. The company’s continued exploration efforts at Lunahuasi are expected to further define the extent and quality of the mineralization, potentially setting the stage for future development decisions.
The recent drilling results not only bolster NGEx Minerals’ project portfolio but also highlight the growing importance of Argentina as a key player in the global copper and gold markets. As the demand for these critical minerals rises, driven by the energy transition and technological advancements, projects like Lunahuasi could play a pivotal role in meeting future supply needs.
NGEx Minerals’ successful extension of mineralized zones at Lunahuasi reaffirms the project’s potential and underscores the company’s strategic focus on high-impact exploration. As the industry continues to evolve, the outcomes of NGEx’s drilling campaigns will be closely watched by investors and industry stakeholders, eager to gauge the project’s long-term viability and contribution to the sector.
