- Drillhole DPDH009 intersected 62.0m at 6.98% copper equivalent ("CuEq") from 144.0m, including:
- 26.1m at 13.36% CuEq from 168.9m
- 4.5m at 18.37% CuEq from 171.8m
- 6.5m at 26.00% CuEq from 188.5m
- The intercepts above are included within a broader interval of 128.3m at 4.01% CuEq from 144.0m
- Estimated true widths of the intersections are shown in Table 1 below
- Hole completed to a depth of 582.0m and all assays complete.
- Drillhole DPDH010 intersected 62.6m at 5.84% CuEq from 226.0m, including:
- 9.4m at 12.10% CuEq from 232.0m
- 4.2m at 19.70% CuEq from 282.2m
- The intercepts above are included within a broader interval of 102.0m at 4.56% CuEq from 192.0m
- Estimated true widths of the intersections are shown in Table 1 below
- Hole was completed to a depth of 1,070.2m and assays to 355.3m are complete with the remainder pending.
Drilling is beginning to outline three main mineralized structures which are trending north-northwest and dipping steeply to the west. The two holes reported here are interpreted to have intersected the middle structure, which also includes the discovery intersection of 60.0m at 7.52% CuEq (5.65% Cu, 2.04 g/t Au, 44.0 g/t Ag) from hole DPDH002 drilled in our inaugural campaign last year. Relative to that intersection, the 62.0m interval reported from DPDH009 is 60m above and the 62.6m interval reported from DPDH010 is 87m to the southwest at the same elevation.
The mineralized structures are comprised of "ledges" defined by zones of intense silicification, brecciation, stockwork and veins. Copper mineralization occurs primarily in enargite with lesser covellite as breccia fillings, disseminations, veinlets and massive pyrite-enargite veins up to several metres in width. Gold and silver values are notable throughout, including bonanza grades (e.g. gold up to 21.9 g/t and silver up to 1,490 g/t in hole DPDH009).
All three structures remain open along strike in both directions and vertically to depth and to surface and the potential for discovery of parallel mineralized structures is excellent based on completed surface work.
Table 1: Significant Intercepts
Hole | From | To | Length | Estimated | Cu | Au | Ag | CuEq |
DPDH009 | 144.0 | 272.3 | 128.3 | 70.6 | 2.01 | 2.07 | 57.0 | 4.01 |
incl | 144.0 | 206.0 | 62.0 | 34.1 | 3.75 | 3.43 | 83.2 | 6.98 |
incl | 168.9 | 195.0 | 26.1 | 14.4 | 7.53 | 5.83 | 178.6 | 13.36 |
incl | 171.8 | 176.3 | 4.5 | 2.5 | 7.00 | 9.80 | 480.5 | 18.37 |
incl | 188.5 | 195.0 | 6.5 | 3.6 | 17.19 | 8.71 | 279.0 | 26.00 |
plus | 324.0 | 330.0 | 6.0 | 3.3 | 0.60 | 4.13 | 62.0 | 4.16 |
plus | 511.7 | 522.0 | 10.3 | 5.7 | 1.51 | 0.55 | 37.4 | 2.24 |
incl | 516.0 | 520.0 | 4.0 | 2.2 | 2.48 | 1.01 | 63.5 | 3.78 |
DPDH010 | 121.5 | 125.2 | 3.7 | 2.3 | 3.59 | 6.09 | 91.5 | 8.84 |
plus | 157.0 | 164.5 | 7.5 | 4.7 | 0.98 | 0.68 | 31.4 | 1.75 |
plus | 192.0 | 294.0 | 102.0 | 64.3 | 2.45 | 1.71 | 97.3 | 4.56 |
incl | 192.0 | 198.3 | 6.3 | 3.9 | 2.22 | 1.63 | 69.0 | 4.02 |
and incl | 204.0 | 211.0 | 7.0 | 4.4 | 3.40 | 1.64 | 56.7 | 5.10 |
and incl | 226.0 | 288.6 | 62.6 | 39.4 | 3.10 | 2.09 | 138.3 | 5.84 |
incl | 232.0 | 241.4 | 9.4 | 5.9 | 4.86 | 4.49 | 450.2 | 12.10 |
and incl | 271.0 | 288.6 | 17.6 | 11.1 | 5.31 | 2.05 | 165.2 | 8.26 |
incl | 282.2 | 286.4 | 4.2 | 2.6 | 12.12 | 4.33 | 503.4 | 19.70 |
Figure 1: Plan View of Lunahuasi Drill Holes
Drilling has restarted after a short holiday break with four rigs currently active. Holes DPDH001 through DPDH008 were completed and reported last season, and the first hole from the current season is DPDH009. A total of 15,000m is planned for the current program with 4,407m drilled to date. Three holes have been completed to date (DPDH009 to 582m, DPDH010 to 1,070m and DPDH011 to 419m) and four holes are currently ongoing (DPDH012 at 704m, DPDH013 at 596m, DPDH014 at 965m and DPDH015 at 71m). Assays have been received for 921m of the current program with the remainder pending. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company.
Table 2: Drill Hole Information
Hole ID | East | North | Elevation | Azimuth | Dip | Depth | Status |
DPDH009 | 439040 | 6856277 | 4,684 | 263.59 | -59.27 | 582.0 | Completed |
DPDH010 | 439035 | 6856223 | 4,680 | 269.75 | -55.08 | 1,070.2 | Completed |
DPDH011 | 439090 | 6856275 | 4,658 | 270.22 | -61.82 | 419.0 | Completed |
DPDH012 | 439195 | 6856275 | 4,626 | 269.55 | -57.95 | 704.0 | Ongoing |
DPDH013 | 439090 | 6856224 | 4,663 | 270.64 | -55.34 | 596.0 | Ongoing |
DPDH014 | 439190 | 6856224 | 4,634 | 270.71 | -55.63 | 964.8 | Ongoing |
DPDH015 | 439040 | 6856224 | 4,682 | 270.00 | -45.00 | 71.0 | Ongoing |
The scientific and technical disclosure included in this news release have been reviewed and approved by
Samples were cut at NGEx's operations base in
Copper Equivalent for drill intersections is calculated based on
The Company is listed on the
Additional information relating to
Neither the
The information contained in this news release was accurate at the time of dissemination but may be superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to update or revise the forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Certain statements made and information contained herein in the news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking information"). All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to, statements regarding: the nature and timing of the work to be undertaken to advance the
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management with respect to the nature, scope and timing of the work to be undertaken to advance the
The forward-looking information contained in this news release is based on information available to the Company as at the date of this news release. Except as required under applicable securities legislation, the Company does not undertake any obligation to publicly update and/or revise any of the included forward-looking information, whether as a result of additional information, future events and/or otherwise. Forward-looking information is provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All the forward-looking information contained in this document is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
Information concerning the mineral properties of the Company contained in this news release has been prepared in accordance with the requirements of Canadian securities laws, which differ in material respects from the requirements of securities laws of
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