07:45 AM EST, 02/19/2025 (MT Newswires) -- NGEx Minerals ( NGXXF ) reported Wednesday the latest results from its ongoing phase 3 drill program at the Lunahuasi copper-gold-silver project in Argentina.

Results include 53.50 meters at 7.79% copper equivalent, 75.45 meters at 4.95% copper equivalent, and 15.25 meters at 16.56% copper equivalent.

"Lunahuasi continues to deliver very high-grade, copper-gold-silver intersections over considerable widths and with these latest drill results, which include positive results received from our biggest step out holes to date, we are starting to significantly extend the mineralized system and demonstrate that at Lunahuasi we have a rare combination of very high grades and very large size potential," said Wojtek Wodzicki, NGEx's president and CEO.

The company said six drill rigs are currently turning at Lunahuasi, with seven holes completed and 12,800 meters drilled.

NGEx said it will mobilize two additional rigs before the end of February and it has expanded the planned program to 25,000 meters from 20,000 meters.