According to a report by Mining.com citing Bloomberg, NGEx Minerals has expanded the high-grade Jupiter zone at its Lunahuasi copper-gold-silver project in northern Argentina, while the Saturn zone has also expanded in scale.
Drillhole DPDH077 in the Jupiter zone intersected 10 m at a depth of 89 m, grading 0.88% copper, 3.14 g/mt gold and 12.2 g/mt silver, including a 7.6 m interval grading 18.84% copper, 5.54 g/mt gold and 336.7 g/mt silver.
Company CEO Wojtek Wodzicki said, "The results from hole DPDH077 show that the Jupiter zone cannot be overlooked; this zone was the first orebody intersected in the Lunahuasi discovery hole."
Although the number of drillholes in Jupiter is less than in the Saturn and Mars targets, the mineralization intersected over an area of 400 m by 500 m at Jupiter indicates the potential of this main zone, Wodzicki added.
Recent sample assay results once again demonstrate the strength of Lunahuasi as one of the highest-grade new copper-gold-silver discoveries in the world. Drilling is continuing to expand and connect zones to increase resource potential.
The mineralization intersected at Jupiter demonstrates the significant potential of this zone, and it will be a priority target for the Phase 5 plan. The company has not specified when Phase 5 will begin.
In the Saturn zone, drillhole DPDH069 intersected 13 m at a depth of 437 m, grading 1.07% copper, 1.31 g/mt gold and 37.6 g/mt silver.
Hole DPDH072 intersected 34 m at a depth of 193 m, grading 1.43% copper, 1.8 g/mt gold and 40.2 g/mt silver, including a 6 m interval grading 3.75% copper, 4.82 g/mt gold and 93.1 g/mt silver.
This intersection may indicate the presence of a new zone to the east of Saturn, NGEx said. Saturn may be a large, structurally controlled disseminated and stockwork orebody cut by high- to extremely high-grade veins.
These results are from the Phase 4 drilling program of the Lunahuasi project, comprising 32 drillholes for a total of 27,318 m.
Lunahuasi is located approximately 1,300 km northwest of Buenos Aires.
