NGEx Drills 335.15m at 4.08% CuEq including 19.50m at 18.96% CuEq at Lunahuasi; Increases targeted Phase 4 program to 30,000m
NGEx hits the "Saturn" jackpot as Lunahuasi drilling delivers world-class copper-gold grades and expands Phase 4 scale.
The most recent news (March 23, 2026) reports exceptional drill results from the Phase 4 program at the 100%-owned Lunahuasi project in Argentina. The standout hole, DPDH059, intersected 335.15m at 4.08% CuEq, which includes an ultra-high-grade core of 19.50m at 18.96% CuEq. Other holes (DPDH056 and DPDH058) also returned significant high-grade intervals. Due to drilling performance exceeding expectations and the quality of results, NGEx has increased its Phase 4 drilling target from 25,000m to 30,000m.
- Resource Scale and Grade: The results are materially positive as they confirm the continuity and extreme high-grade nature of the "Saturn" zone. A 335m intercept at over 4% CuEq is globally significant for a copper-gold system and suggests the potential for a high-margin, Tier-1 deposit.
- Program Expansion: Increasing the drill program by 20% (to 30,000m) mid-season indicates management's high confidence in the asset and a desire to accelerate the path toward a maiden resource estimate.
- Strategic Context: These results follow the March 11, 2026, announcement of Lundin Mining joining as a partner at the adjacent Los Helados project. The combination of high-grade discovery at Lunahuasi and major-backed infrastructure at Los Helados creates a clear pathway to development or a lucrative M&A exit.
NGEx Minerals is a Lundin Group exploration company. Its flagship is the Lunahuasi Project (100% owned) in San Juan, Argentina. It is part of the Vicuña District, which hosts giant deposits like Filo del Sol. Lunahuasi is characterized by high-sulphidation epithermal veins overprinting a large copper-gold porphyry system. The company also holds a majority interest in Los Helados, one of the world's largest undeveloped copper-gold resources.