NGEx Minerals Ltd. announced that drilling has resumed at its 100%-owned Lunahuasi property located in San Juan, Argentina, kicking off the highly anticipated 2023/2024 field campaign following the high-grade discovery made earlier this year. Lunahuasi lies at the heart of the Vicuna District, eight kilometres west of Lundin Mining's Josemaria project, and along the same major regional structure that controls both NGEx's Los Helados deposit located nine kilometres to the north and Filo's Filo del Sol project located six kilometres to the south. The new drill program has commenced with two drill rigs, with another two drill rigs to be added later this month.

Initial results are expected toward the end of Fourth Quarter 2023, but exact timing will depend on drilling rates and assay turn-around times. The initial plan is for approximately 15,000 metres of drilling, more than triple the number of metres drilled in the maiden program completed earlier this year, with optionality to expand the program to follow-up encouraging results. The initial drill holes are intended to define and expand the zone of high-grade mineralization intersected earlier this year which included 60.0m at 7.52% CuEq (5.65% Cu, 2.04 g/t Au, 44.0 g/t Ag) from 212.0m in DPDH002 and 90m at 4.05% CuEq (2.05% Cu, 2.46 g/t Au, 23.2 g/t Ag) from 74.0m in DPD H007.

As the exploration program progresses and additional targeting work is completed, expect to drill test other high potential targets including zones of outcropping high-grade mineralization within the broader 11 square kilometre alteration system.