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Posts tagged ‘NGEx Resources Inc. (NGQ)’

NGEx reports Argentina Gold Assays as high as 0.42 g/t over 520m

March 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningNGEx Resources Inc TSX:NGQ announced results from its Josemaria project in San Juan province, Argentina. Assays include

0.51 g/t gold over 66 metres
0.35 g/t gold and 0.4% copper over 396 metres
0.38 g/t gold and 0.32% copper over 110 metres
0.67 g/t gold over 38 metres
0.42 g/t gold and 0.54% copper over 520 metres
0.67 g/t gold over 44 metres
0.41 g/t gold and 0.51% copper over 404 metres
0.39 g/t gold and 0.54% copper over 404 metres

President/CEO Wojtek Wodzicki commented, “We are encouraged with the initial results from the Josemaria infill program and are pleased that they appear to confirm the presence of a higher grade core to the deposit. We are also encouraged by the fact that the drilling has better defined a gold-rich portion of the remnant leached cap that overlies part of the deposit. If confirmed by subsequent results both of these zones would have the potential to have a positive impact on the economics of the deposit. The results published today are the first of what is expected to be a steady flow of results from all three projects that will last for the next several months.”

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Sophia Shane
Corporate Development

by Ted Niles