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.