Northwire Canada EditionMonday, July 13, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

NGEx Drills 34m at 7.25% CuEq plus 48m at 7.72% CuEq, 180m Apart in Mars; Discovers New Zone 300m East of Mars with 23m at 4.72% CuEq

Lunahuasi Drilling Confirms Grade, But Valuation Stretches After Rally

By The Northwire Desk — AI Analysis Apr 30, 2026 · 06:00 NGEX · 24.84 NGEx Minerals Ltd.
Executive Summary
  • NGEx Minerals reported Phase 4 drill results from its 100% owned Lunahuasi copper-gold-silver project in Argentina on April 30, 2026.
  • The company announced high-grade intercepts including 34m at 7.25% CuEq and 48m at 7.72% CuEq within the Mars Zone.
  • A new mineralized zone was discovered approximately 300m east of the Mars Zone, intersected by hole DPGT004 with 23m at 4.72% CuEq starting only 60m below surface.
  • Phase 4 drilling concluded with a total of 27,318m drilled across 32 holes; assays for the final 16 holes remain pending.
  • Future plans include commencing Phase 5 drilling in Q3 2026 and constructing an exploration adit to improve underground access.
Material Impact
  • The news confirms the high-grade nature of the Mars Zone and expands the known footprint with a new zone discovery, which is positive for resource estimation potential.
  • However, this release follows a series of similar high-grade announcements throughout Phase 4 (e.g., March 2026 results showing 18.96% CuEq over 19.5m), meaning the market has already priced in the expectation of exceptional grades during this campaign.
  • The discovery of a new zone 300m away is significant but does not fundamentally alter the project status from exploration to development; it remains an early-stage asset requiring further definition.
  • Given the stock's rally from ~$12 (May 2025) to over $31 (Feb 2026) on prior drilling news, this release is viewed as routine confirmation of the existing thesis rather than a surprise catalyst that would drive immediate re-rating.
NGEX · Price
Company Overview
  • NGEx Minerals is an exploration-stage company focused on copper-gold-silver assets in South America (Argentina and Chile).
  • Flagship Project: Lunahuasi Project (San Juan Province, Argentina), 100% owned by NGEx. It hosts high-sulphidation epithermal veins and a porphyry system.
  • Secondary Asset: Los Helados Project (Chile/Argentina border), operated as a joint venture where NGEx is the majority partner/operator.
  • Development Stage: Exploration; no production assets currently owned or operated.
Read the original news release →

More from NGEx Minerals Ltd.

Jul 08, 2026 · 09:00

NGEx’s Lunahuasi Phase 4 drilling extended the Saturn zone by 573m, confirming high-grade continuity.

Drill Results Jul 08, 2026 · 06:00

NGEx Drills 19.00m at 25.84% CuEq Within 57.75m at 9.41% CuEq at Lunahuasi

Drill Results Jun 23, 2026 · 06:00

NGEx identified extensive breccia-hosted porphyry mineralisation at the Saturn Zone of its Lunahuasi project in Peru.

Drill Results May 28, 2026 · 18:00

NGEx Minerals Validates Royalty Asset Value Amidst Continued Lunahuasi Exploration Momentum

M&A / Property May 28, 2026 · 18:00

NGEx Minerals Holds Ground on High-Grade Drilling as LunR Stake Validates Royalty Strategy

Financings May 14, 2026 · 17:30

Sustainability Report Confirms Financial Stability, But Exploration Burn Rate Demands Vigilance

Production / Operations