Posted in | Gold | Copper

NGEx Resources Reports Gold-Copper Exploration Results from GJ Project

NGEx Resources has obtained the 2011 exploration results from the GJ gold-copper project in Canada. Currently, Teck Resources has taken the GJ project under option.

Summary Map Showing 2011 Work Program

The company has intersected 6.82 g/t gold over 5.35 m, 0.53 g/t gold and 0.38% copper over 141.21 m in the hole GJK-11-219, 6.64 g/t gold and 0.15% copper over 9.60 m in the hole GJK-11-226, 0.39 g/t gold and 0.18% copper over 29.15 m in the hole GJK-11-228. The aim of the 2011 campaign was to outline the high-grade mineralization proposed through previous drill program at depth beneath the Donnelly zone and NGEx is continuing the exploration campaign at the Seestor and Wolf targets across the property. The obtained drill hole results have validated and expanded the Donnelly Zone and discovered a fresh mineralization zone at the Wolf target.

The company conducted exploration between June and October of 2011, and drilled 4,307 m, totaling 10 diamond drill holes, and ground geophysics that contain 50 line-km of the ground magnetics focused on the GJ and Donnelly zones and a fresh region near the sides of the Wolf Plateau. In addition, 76.7 line-km of induced polarization enclosed the similar region. The company’s initial objectives incorporated the drill testing of potential expansions of the Donnelly zone that has included the present indicated and measured resource of 153.3 Mt grading 0.37 g/t gold and 0.32% copper. Further holes were planned to examine the exploration targets located outside the Donnelly zone. Three holes drilled in the Wolf Zone have validated the existence of a possible porphyry system. These holes discovered vectors in hydrothermal alteration directed to depth and towards the north.

The company will complete detailed data collection, which contains the integration of 2011 geophysics, mapping and previous geochemical information, at the GJ, Horn, Donnelly, QC, Wolf, and Seestor targets in the winter season to prepare for the field season during 2012.

Source: http://www.ngexresources.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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