After Record $14,500 Copper, The Discovery Hunt Turns To British Columbia
NGEx’s Lunahuasi Phase 4 drilling extended the Saturn zone by 573m, confirming high-grade continuity.
NGEx Minerals Ltd. (NGEX) has announced Phase 4 drill results from its 100%-owned Lunahuasi project in Argentina. The company reported that hole DPDH077 intersected 19.00m at 25.84% CuEq within a broader 57.75m interval at 9.41% CuEq, extending the Jupiter Zone down-dip.
In the Saturn Zone, hole DPDH071 intersected a 573.40m interval at 2.17% CuEq, demonstrating strike length and continuity. Step-out holes DPDH069 and DPDH072 expanded the Saturn Zone over 100m up-dip and down-plunge.
The Phase 4 program totals 27,318m across 32 holes. Assay results for the final five holes are pending or complete. These findings follow a steady stream of Phase 4 updates from March through June 2026.
NGEx Minerals Ltd. (NGEX) released results that serve as an expected, incremental follow-up to the Phase 4 program announced in late 2025 and executed throughout 2026. The findings confirm the high-grade continuity of the Saturn and Jupiter zones and validate the geological model for district-scale potential.
The update does not trigger new capital requirements, alter the Phase 5 timeline targeted for Q4 2026, or change the company's financial outlook. Market expectations for the Phase 4 expansion were already priced in, with this release serving as validation rather than a catalyst.
NGEx Minerals Ltd. (NGEX) is a Canadian exploration and development company focused on high-grade copper-gold-silver deposits. Its flagship asset is the Lunahuasi project in Argentina, which was discovered in 2023 and features multiple high-grade zones including Saturn, Mars, and Jupiter, as well as a newly identified porphyry system. The company also holds the Los Helados project in Chile, a large undeveloped copper-gold-silver resource positioned near Lundin Mining’s operating Caserones mine.
In October 2025, the company completed the spin-out of LunR Royalties Corp., retaining a 19.9% stake. LunR holds net smelter return (NSR) royalties on both the Lunahuasi and Los Helados assets.