NGEx’s Los Helados #Copper-#Gold deposit $NGEX

Still waiting on NGEx’s Los Helados #Copper-#Gold deposit updated resource estimate based on current metals prices…

The original numbers were run on $3/lb. #Copper and

$1300/oz. #Gold. 

 

NGEx’s Los Helados #Copper-#Gold deposit ranked #11 on a list of the top copper development projects by contained copper in measured and indicated resources compiled by Mining.Com1.

Higher current prices plus a strong outlook: 

• Prices used to originally evaluate Los Helados were $3.00/lb copper and $1300/oz gold. Current spot prices are +$4/lb copper and $1,800/oz gold.

Higher value clean concentrate: 

• Los Helados would produce a clean gold and silver rich copper concentrate low in impurities, expected to be in high demand by smelters worldwide.

Close to existing mining infrastructure: 

• Los Helados located approximately 12 km from the Caserones Mine owned by Nippon Caserones Resources who are NGEx Minerals' 36% partner at Los Helados.

Los Helados Mineral Resource Estimate

The Mineral Resource estimate as of the effective date of April 26, 2019 is shown in the tables below:

LOS HELADOS INDICATED MINERAL RESOURCE
		Resource Grade				Contained Metal
Cutoff2 (CuEq1)	Million  Tonnes	Cu (%)	Au (g/t)	Ag (g/t)	CuEq1 (%)	Cu  (billion lbs)	Au (million oz)	Ag (million oz)
0.58	531	0.50	0.21	1.66	0.65	5.9	3.6	28.3
0.50	981	0.45	0.18	1.56	0.58	9.7	5.7	49.2
0.44	1,395	0.42	0.16	1.52	0.54	12.9	7.2	68.2
0.40	1,733	0.40	0.15	1.45	0.51	15.3	8.4	80.8
0.33	2,099	0.38	0.15	1.37	0.48	17.6	10.1	92.5

LOS HELADOS INFERRED MINERAL RESOURCE
		Resource Grade				Contained Metal
Cutoff2 (CuEq1)	Million Tonnes	Cu (%)	Au (g/t)	Ag (g/t)	CuEq1 (%)	Cu  (billion lbs)	Au (million  oz)	Ag  (million oz)
0.58	There are no Inferred Mineral Resources inside the mining shape at this cutoff.
0.50	41	0.41	0.13	1.78	0.51	0.4	0.2	2.3
0.44	176	0.37	0.11	1.61	0.45	1.4	0.6	9.1
0.40	399	0.35	0.10	1.47	0.43	3.1	1.3	18.9
0.33	827	0.32	0.10	1.32	0.39	5.8	2.7	35.1

1. Ranked; World's Top 10 Copper Projects, February 12, 2021, mining.com

See the whole release here: https://ngexminerals.com/news/ngex-minerals-provides-review-of-los-helados-proje-122700/