NGEx Minerals Ltd. reported drill results from hole DPDH018 from the Lunahuasi Project located in the Vicuña District in San Juan Province, Argentina. DPDH018 was collared on Section 6000N, 125m south and 75m east of DPDH016, and drilled towards the west at -45 degrees to a final depth of 1,167.4m where it was ended due to rig capacity. The hole ended in mineralization with the final 20.4m averaging 3.37% CuEq (2.87% Cu, 0.45 g/t Au, 20.2 g/t Ag).

The hole intersected numerous mineralized structures ranging from individual veins < 1m wide to composite zones of veins and breccia over 50m wide as seen starting at 787.5m. The frequency and composition of the high-grade structures is fairly consistent throughout the hole, however the intensity of alteration and mineralization between individual structures increases from east to west. In the eastern part of the hole, here above 738m, the rock between high grade structures is typically weakly mineralized with pervasive propylitic alteration, while in the western part, below 738m, the intensity of alteration and stockwork veining containing copper, gold, and silver mineralization increases.

This progression of mineralization from discreet structures cutting weakly mineralized wall rock in the east to a more homogeneous stockwork zone in the west is interpreted to represent a transition towards the centre of the system which is thought to extend further west and to depth below the end of the current holes. It is important to note that the stockwork zone is also cut by high-grade structures similar to those to the east as illustrated by the intercept of 13.2m of 16.24% CuEq from 827.9m and the intercepts beginning at 896.4m, 1,142.0m and 1,159.4m as well as numerous subsidiary structures. Highlights: Drillhole DPDH018 intersected: 5.7m at 10.38% copper equivalent ("CuEq") from 413.3m, plus 14.0m at 5.80% CuEq from 461.0m, plus 429.4m at 2.31% CuEq from 738.0m, including 102.7m at 4.26% CuEq from 741.3m, including 13.2m at 16.24% CuEq from 827.9m, plus 3.1m at 16.54% CuEq from 896.4m, plus 11.0m at 8.06% CuEq from 1142.0m, plus 3.5m at 10.31% CuEq from 1159.4m.

The hole ended in mineralization with the final 20.4m averaging 3.37% CuEq (2.87% Cu, 0.45 g/t Au, 20.2 g/t Ag). Outlook: Drilling is now complete for this season. NGEx has demobilized all personnel and equipment from the field and is focused on processing the remaining core, completing its geological interpretation, and beginning to plan for the next drill program to begin in or around early Fourth Quarter 2024.

Holes DPDH009 through DPDH016 and DPDH018 have been reported, with assays from another 5,309m from holes DPDH017, and DPDH019 through DPDH023 still pending. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company.