VANCOUVER, BC, Aug. 6, 2026 /CNW/ -- NGEx Minerals Ltd. ("NGEx Minerals" "NGEx" or the "Company") (TSX: NGEX) (OTCQX: NGXXF) is pleased to report its results for the six months ended June 30, 2026. PDF version
Summary of Highlights
Highlights for the period ended June 30, 2026 ("Q2 2026"), and subsequent period, include the following:
-- Significant Phase 4 drill results expand Lunahuasi deposit: Assay results
from the Phase 4 drill program at Lunahuasi highlighted high copper
equivalent ("CuEq") grades and long mineralized intersections, extended
the high-grade Saturn, Mars and Jupiter zones, and expanded the area of
stockwork and disseminated porphyry mineralization. Key highlights were:
-- Saturn & Porphyry Expansion: DPDH064 intersected a continuous
interval of 1,540.10 metres at 1.17% CuEq (0.79% Cu, 0.39 g/t Au,
11.3 g/t Ag), including 88.00 metres at 8.65% CuEq (6.49% Cu, 1.91
g/t Au, 87.8 g/t Ag), with 15.65 metres at 30.13% CuEq (24.33% Cu,
4.72 g/t Au, 268.1 g/t Ag) in the Saturn Zone, and 501.10 metres
at 0.73% CuEq (0.54% Cu, 0.22 g/t Au, 3.0 g/t Ag) in the porphyry
system.
-- Jupiter Zone Extension: DPDH077 intersected 57.75 metres at 9.41%
CuEq (6.51% Cu, 2.50 g/t Au, 121.8 g/t Ag), including 19.00 metres
at 25.84% CuEq (18.84% Cu, 5.54 g/t Au, 336.7 g/t Ag). This
intersection along with several other intersections, further
demonstrate the significant grade and size potential across a 400m
x 500m footprint.
-- Saturn & Mars Step-Outs: DPDH071 intersected 573.40 metres at
2.17% CuEq (1.27% Cu, 0.88 g/t Au, 28.6 g/t Ag) along currently
interpreted volume of Saturn, while holes DPDH069 and DPDH072
expanded the Saturn Zone by over 100 metres up-dip and
down-plunge. Holes DPDH075, DPDH076 and DPDH078 successfully
intersected the Mars Zone, providing confidence in our
interpretation of it as a high-grade, northeasterly trending
gold-rich massive sulphide vein with a minimum strike length of
200m and a minimum dip length of 250m which remains open in all
directions.
-- Additional intercepts of high-grade gold mineralization. Widely spaced
drill holes intersected high-grade gold-rich quartz veins in two
intersections located 660 metres apart. Drillhole DPDH070 intersected
17.30 metres at 207.79 g/t Au, including 2.00 metres of 1,740.00 g/t Au
and Drillhole DPDH063 intersected 4.88 metres at 60.10 g/t Au, including
1.38 metres at 159.50 g/t Au.
-- Completion of Phase 4 drill program and discovery of new high-grade zone
east of Mars. The Company formally concluded its 27,318-metre (32 hole)
Phase 4 campaign in late April. In addition to increasing our confidence
in defining the core zones, drilling successfully opened a new
exploration front east of the Mars zone. Drillhole DPGT004 discovered a
new high-grade zone 300 metres east of Mars, intersecting 23.10 metres at
4.72% CuEq (2.75% Cu, 2.08 g/t Au, 50.9 g/t Ag), including 4.20 metres at
17.94% CuEq (11.67% Cu, 5.95 g/t Au, 219.2 g/t Ag).
Wojtek Wodzicki, President and CEO, commented, "This season's drill program at Lunahuasi has significantly advanced our understanding of the deposit. Drilling not only confirmed high-grade mineralization and continuity within the named high-grade zones, but also extended mineralization beyond the limits defined by earlier drilling. Through recent drill results, we now have a better understanding of the Lunahuasi porphyry, which we now know includes a large breccia body with significant copper and gold grades, and have identified new high-grade structures. The Lunahuasi deposit, including the high-grade zones and the porphyry zone, remain open in all directions, demonstrated by DPDH073 and DPDH075, released subsequent to quarter-end, that provide some of the most southern and northern mineralized intersections drilled to date. The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide planning for our phase 5 exploration program expected to begin in Q4 2026."
Q2 2026 Operating Highlights and Outlook
Successful Completion of the Phase 4 Drill Program Continues to Demonstrate the Scale, Grade and Growth Potential of the Lunahuasi Deposit
During the three months ended June 30, 2026, the Company successfully completed its Phase 4 drill program at Lunahuasi with 32 holes completed for 27,318 metres of drilling, including one geotechnical hole that was drilled along the centreline of the proposed exploration adit. Key take-aways from the Phase 4 drill program included extension of the existing Mars, Saturn and Jupiter high-grade zones, the delineation of new zones, continued intersection of high-grade gold quartz veins over a wide area, as well as providing additional datapoints to further expand the Company's understanding of the Lunahuasi mineralized system and support the extensive exploration potential still to be unlocked.
The Phase 4 program commenced in October 2025, reached steady state operations with eight rigs by mid-November, and continued at that scale until drill rigs completed their final holes of the season in late April. The final assays from the Phase 4 program were released by the Company on July 30, 2026.
The objectives of the Phase 4 program were to test the Lunahuasi system at three distinct scales -- short-range definition drilling, mid-range step-out holes, and long-range exploration drilling -- each of which have individually focused on several key areas of the Lunahausi system, namely:
-- Named high-grade zones: Mars, Saturn & Jupiter -- Definition of new high-grade zones -- High-grade gold mineralization -- Lunahuasi porphyry system
Highlights of Phase 4 assays released during the three months ended June 30, 2026, and subsequent period thereto, include:
Saturn zone continues to expand and deliver high-grade intersections
Results from the Phase 4 drill campaign continued to expand the Saturn zone while improving the Company's understanding of its size, continuity and geometry.
-- Step-out drillholes expanded the Saturn Zone by more than 100 metres
up-dip and down-plunge and confirmed that the zone remains open in all
directions.
-- DPDH064 intersected 88.00 metres at 8.65% CuEq (6.49% Cu, 1.91 g/t Au,
87.8 g/t Ag) , including 15.65 metres at 30.13% CuEq (24.33% Cu, 4.72 g/t
Au, 268.1 g/t Ag).
-- DPDH069 intersected 21.30 metres at 5.99% CuEq (3.50% Cu, 2.37 g/t Au,
85.3 g/t Ag), including 2.45 metres at 20.66% CuEq (11.28% Cu, 9.89 g/t
Au, 247.7 g/t Ag).
-- DPDH072 intersected 207.00 metres at 2.37% CuEq (1.44% Cu, 1.20 g/t Au,
6.5 g/t Ag), including 3.50 metres at 30.49% CuEq (5.90% Cu, 33.53 g/t Au,
15.6 g/t Ag) and 11.50 metres at 8.95% CuEq (4.07% Cu, 6.26 g/t Au, 35.8
g/t Ag).
Jupiter zone continues to demonstrate potential as a major zone within the Lunahuasi deposit
Results released subsequent to quarter-end further demonstrated the potential of the Jupiter zone.
-- DPDH077 intersected 57.75 metres at 9.41% CuEq (6.51% Cu, 2.50 g/t Au,
121.8 g/t Ag), including 19.00 metres at 25.84% CuEq (18.84% Cu, 5.54 g/t
Au, 336.7 g/t Ag) and 8.00 metres at 37.38% CuEq (27.23% Cu, 8.44 g/t Au,
454.6 g/t Ag).
-- This result, together with several other intersections across an area of
approximately 400 by 500 metres continue to highlight the potential of
Jupiter as a third major zone within the overall Lunahuasi deposit.
Continued intersection of high-grade gold quartz veins over a wide area
The Phase 4 program also successfully highlighted the high-grade gold component of the Lunahuasi deposit and demonstrated its widespread nature across the system.
-- DPDH070 intersected 17.30 metres at 207.79 g/t Au, including 2.00 metres
at 1,740.00 g/t Au.
-- DPDH063 intersected 4.88 metres at 60.10 g/t Au, including 1.38 metres at
159.50 g/t Au.
-- These two intersections are approximately 660 metres apart
-- High-grade gold quartz veins were intersected within the Mars and Saturn
zones as well as outside the currently defined zones, and remain open in
all directions.
Porphyry mineralization continues to demonstrate scale and grade
Recent results from the Phase 4 drill program continued to demonstrate the broader potential of the Lunahuasi system.
-- DPDH064 crossed the high-sulphidation system and continued into the
adjacent porphyry deposit.
-- The hole intersected 501.10 metres at 0.73% CuEq (0.54% Cu, 0.22 g/t Au,
3.0 g/t Ag) within porphyry mineralization, including 156.00 metres at
1.00% CuEq (0.78% Cu, 0.26 g/t Au, 3.6 g/t Ag) within a large breccia
body.
-- The hole ended in mineralization, highlighting the scale of the porphyry
system and the occurrence of significant copper and gold grades within
the deposit.
With field activities now complete, the Company is focused on the compilation and interpretation of the data collected during Phase 4 drilling. This work will support continued refinement of the geological model and improve understanding of the geometry, controls and scale of mineralization at Lunahuasi.
For full details of Phase 4 drill hole intersections (dated December 17, January 12, February 10, March 23, April 30, May 13, June 23, July 8, July 30) see previously released results at https://ngexminerals.com/news/.
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