Northwire Canada EditionSaturday, November 7, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

NGEx Highlights Lunahuasi High-Grade Gold with 17.3m at 207.79 g/t Au, Including 2.00m at 1,740.00 g/t Au, plus 4.88m at 60.10 g/t Au

NGEx Minerals Confirms Ultra-High-Grade Gold at Lunahuasi as Phase 4 Drilling Concludes

By The Northwire Desk — AI Analysis May 13, 2026 · 06:30 NGEX · 28.36 NGEx Minerals Ltd.
Executive Summary
  • Date: May 13, 2026
  • Event Type: Drill Results (Phase 4 Completion)
  • Headline: NGEx Highlights Lunahuasi High-Grade Gold with 17.3m at 207.79 g/t Au, Including 2.00m at 1,740.00 g/t Au, plus 4.88m at 60.10 g/t Au
  • Key Intercepts:
    • Hole DPDH070: 17.30m @ 207.79 g/t Au (incl. 2.00m @ 1,740.00 g/t Au).
    • Hole DPDH063: 4.88m @ 60.10 g/t Au (incl. 1.38m @ 159.50 g/t Au).
    • Hole DPDH062: 1,380.30m @ 0.57% Cu and 0.27 g/t Au (broad copper intercept).
  • Program Status: Phase 4 drill program completed with 27,318m drilled across 32 holes. Assays for final twelve holes pending but results released in this release.
  • Management Commentary: CEO Wojtek Wodzicki states high-grade gold quartz veins occur throughout the deposit and intersections remain open to expansion.
Material Impact
  • Confirmation of Thesis: The news confirms the geological model established over the past 12 months, specifically the presence of ultra-high-grade gold veins within the broader copper-gold-silver system at Lunahuasi.
  • Grade Significance: The 1,740 g/t Au intercept is exceptional and comparable to world-class gold-only deposits, reinforcing the project's potential for high-margin underground development.
  • Program Completion: Completing Phase 4 (27,318m) validates the company's ability to execute its exploration plan funded by the $175M private placement in October 2025.
  • Expectation vs. Reality: While high grades were anticipated given previous Phase 3 and early Phase 4 results (e.g., May 2025: 504 g/t Au), this release provides the final confirmation of the program's success without introducing a fundamentally new discovery paradigm beyond what was already priced in by the strategic financing.
  • Market Reaction: The news is positive but largely incremental to the trajectory established since Q1 2026 earnings (May 8, 2026), which also highlighted Phase 4 completion and environmental approvals.
NGEX · Price
Company Overview
  • Company: NGEx Minerals Ltd. (TSX: NGEX).
  • Flagship Project: Lunahuasi (San Juan Province, Argentina) - Copper-Gold-Silver deposit.
  • Secondary Asset: Los Helados (Region III, Chile) - Joint Venture with Lundin Mining as minority partner.
  • Project Status: Exploration phase transitioning to underground development feasibility (Adit approved).
  • Mineralization Styles: High-sulphidation Cu-Au-Ag veins, intermediate sulphidation epithermal Au veins, disseminated stockwork mineralization, and a porphyry Cu-Au system.
Read the original news release →

More from NGEx Minerals Ltd.

Nov 05, 2026 · 17:00

NGEx narrows losses while mapping Phase 5 and clearing the Valiente spin-out.

Earnings Nov 03, 2026 · 16:00

Court approval clears the path for the Valle Ancho spin-out, unlocking focused exploration value for NGEx.

M&A / Property Oct 29, 2026 · 17:00

Ngex Resources shareholders approved the Valle Ancho spin-out, unlocking focused exploration value for the project.

M&A / Property Oct 13, 2026 · 17:00

NGEx’s spin-out vote advances the Valle Ancho separation, unlocking value for shareholders through the strategic divestment of the asset.

M&A / Property Oct 02, 2026 · 17:30

NGEx spins out the Valle Ancho project to Valiente Resources to unlock shareholder value.

M&A / Property Sep 15, 2026 · 06:00

Metallurgical tests confirm high recoveries and effective arsenic removal for NGEx.

Technical Study