NGEx Resources Inc. (NGQ.TO) reported initial results from this season's drilling at the Josemaria copper-gold porphyry project located in San Juan Province, Argentina.
The highlights of the holes released today include JMDH61 which intersected 230.5 metres at 0.62% copper and 0.24 g/t gold and JMDH62 which intersected 160.5 metres at 0.53% copper and 0.19 g/t gold. Both holes are on a section line 100 metres north of high grade hole JMDH50 drilled last year. The third drill hole released today, JMDH60, was collared 100 metres to the east of JMDH50.
A total of 7,300 metres in 14 holes have been completed to date.
Shares are up 5 cents to $2.90 late morning.
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