07:13 AM EST, 01/22/2025 (MT Newswires) -- NGEx Minerals ( NGXXF ) on Wednesday provided an update on the Phase 3 drill program at the Lunahuasi copper-gold-silver project in Argentina.

The program has been expanded from 20,000 meters to 25,000 meters due to positive initial results, the company said. The two additional drills were added, bringing the total to eight.

Highlights of the results include 205.35 meters at 5.08% copper equivalent from 378.5 meters, including 51.1 meters at 13.84% copper equivalent from 464.3 meters at drillhole DPDH028.

The zone in which DPDH028 is located is characterized by very high grades, especially with respect to gold, including an 8.2-meter interval at 39.11 grams per tonne (g/t) gold with a best sample of 1.5 meters at 115 g/t gold.

Wojtek Wodzicki, President and CEO, commented, "DPDH028 is a remarkable hole which is a significant step-out below previous drilling and includes the widest high-grade copper-gold intercept to date, with results for the final 1,000 [meters] of the hole still pending," said Wojtek Wodzicki, president and CEO of NGEx. "We are highly encouraged by the results to date."