Northwire Canada EditionMonday, November 9, 2026
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Gold 4,119.20 +1.1% Silver 52.72 +1.5% Copper 6.35 +1.9% Oil 87.72 −3.4% Palladium 1,022.75 +0.6% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.29 +7.0% KAPA 0.105 +0.0% AFM 1.29 +5.7% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.05 +1.2% SGO 0.175 +16.7% BNKR 2.74 +4.6% TECT 1.68 +10.5% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% Gold 4,119.20 +1.1% Silver 52.72 +1.5% Copper 6.35 +1.9% Oil 87.72 −3.4% Palladium 1,022.75 +0.6% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.29 +7.0% KAPA 0.105 +0.0% AFM 1.29 +5.7% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.05 +1.2% SGO 0.175 +16.7% BNKR 2.74 +4.6% TECT 1.68 +10.5% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3%
Drill Results

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.

By The Northwire Desk — AI Analysis Mar 23, 2026 · 06:00 NGEX · 22.09 NGEx Minerals Ltd.
Executive Summary

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.

Material Impact
  • 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 · Price
Company Overview

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.

Read the original news release →

More from NGEx Minerals Ltd.

Nov 05, 2026 · 17:00

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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