NGEx Minerals Hits Long High-Grade Copper-Gold-Silver Intercepts at Lunahuasi
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NGEx Minerals ( (TSE:NGEX) ) has issued an announcement.
NGEx Minerals reported strong Phase 4 drilling results from its Lunahuasi project in Argentina, highlighted by a 1,246.50m interval grading 0.86% copper equivalent and a separate 131.00m interval at 5.09% copper equivalent, including ultra high-grade sections. Management said the results confirm both extensive stockwork and very high-grade massive sulphide vein mineralization, underscoring the size and strength of the system while the program remains ahead of schedule and continues to expand the mineralized footprint, improving geological confidence and potentially enhancing the project’s development prospects.
The latest holes, including notable intercepts from drillholes DPDH049, DPDH055, DPDH057, and DPDH060, also begin to test previously untested zones such as the Saturn wedge, which remains open toward surface. With over 17,000m drilled and 15 holes completed in the current campaign, NGEx is now moving into step-out and higher-risk exploration drilling that could further extend Lunahuasi’s boundaries, a development that may strengthen its position among high-grade copper explorers and draw increased attention from investors and potential partners.
The most recent analyst rating on (TSE:NGEX) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on NGEx Minerals stock, see the TSE:NGEX Stock Forecast page.
Spark’s Take on TSE:NGEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEX is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and heavy cash burn), despite low leverage. Offsetting factors include supportive technical positioning and a favorable run of corporate updates (funding secured, positive exploration results, and the LunR Royalties spinout/listing). Valuation remains difficult to support using earnings metrics due to ongoing losses.
To see Spark’s full report on TSE:NGEX stock, click here.
More about NGEx Minerals
NGEx Minerals Ltd. is a Canadian exploration company focused on high-grade copper, gold, and silver projects in South America. The company’s flagship assets include the 100% owned Lunahuasi project in San Juan, Argentina, where it targets large-scale, high-grade mineral systems that could support future development in the global copper supply chain.
Average Trading Volume: 412,913
Technical Sentiment Signal: Buy
Current Market Cap: C$6.11B
See more data about NGEX stock on TipRanks’ Stock Analysis page.
