VANCOUVER, BC, Nov. 14,
2023 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX)
("NGEx" or the "Company") is pleased to announce that the
Lundin Group Vicuña Exploration Team, which includes Wojtek Wodzicki, NGEx's CEO, Bob Carmichael, NGEx's Vice President of
Exploration, and Martin Rode, NGEx's
South America General Manager, has been selected by the Prospectors
& Developers Association of Canada ("PDAC") to receive the 2024 Thayer
Lindsley Award for the discovery of the Vicuña copper-gold-silver
district in the Central Andean copper province in Argentina and Chile. The award also includes Vicuña
Exploration Team members currently working with Filo Corp. and
Lundin Mining Corporation. View PDF
The prestigious award recognizes an individual or team of
explorationists credited with a recent significant mineral
discovery globally and will be presented during the annual PDAC
Convention on March 5,
2024.
The award honours the memory of Thayer
Lindsley, one of the most accomplished mine finders of the
past century and who was inducted into the Canadian Mining Hall of
Fame in 1989. Throughout Mr. Lindsley's long and extraordinary
career, he either founded or was involved in the development of
many famous Canadian mining companies.
Wojtek Wodzicki, President and
CEO, commented, "We are very honoured to receive such a prestigious
award recognizing the efforts and success of our exploration team.
The discovery of the Vicuña copper-gold-silver district has taken
many years of perseverance, entrepreneurial spirit, and the
collaborative efforts of very talented geologists with deep
knowledge of grassroots exploration in the Central Andes. This is a
proud achievement for our company, the Lundin Group, and for all of
the Lundin Group geologists who have worked on this district over
the years. I would like to thank everyone on our team who has
contributed to this remarkable exploration success. Despite being
active in the district for over 20 years and having already
discovered three significant deposits, the discovery of the
high-grade Lunahuasi prospect by NGEx earlier this year
demonstrates the potential for additional world-class discoveries
in the Vicuña District."
Vicuña District Discovery History
The discovery of the Vicuña District is a story of successful
long-term exploration that has led to four of the most significant
grass roots copper-gold-silver discoveries of the last 20 years.
Many years of patient and systematic exploration by the Lundin
Group's Vicuña Exploration Team has resulted in the discovery of an
entirely new district that includes four major porphyry
copper-gold-silver systems held by Lundin Group companies including
Filo del Sol (TSX: FIL), Josemaria
(TSX: LUN), Los Helados (TSX-V: NGEX), and Lunahuasi (TSX-V:
NGEX).
A recent summary presentation on the Vicuña District is
available on the Lundin Group website at:
https://thelundingroup.com/site/assets/files/10187/lundingroup_vicuna2023.pdf
About NGEx Minerals
NGEx Minerals is a copper and gold exploration company based in
Canada, focused on exploration of
the Lunahuasi copper-gold-silver project in San Juan Province,
Argentina, and the nearby Los
Helados copper-gold project located approximately nine kilometres
northeast in Chile's Region III.
Both projects are located within the Vicuña District, which
includes the Josemaria and Filo del Sol deposits.
NGEx Minerals owns 100% of Lunahuasi and is the majority partner
and operator for the Los Helados Project, subject to a Joint
Exploration Agreement with Nippon Caserones Resources Co., Ltd.
which is the 49% owner of the operating Caserones open pit copper
mine located approximately 17 kilometres north of Los Helados.
Lundin Mining Corporation holds the remaining 51% stake in
Caserones.
The Company is listed on the TSX Venture Exchange under the
trading symbol "NGEX". NGEx Minerals is part of the Lundin Group of
Companies.
Additional information relating to NGEx Minerals Ltd. may be
obtained or viewed on the SEDAR+ website at www.sedarplus.com or on
the Company's website at www.ngexminerals.com.
Additional Information
Neither the TSX Venture Exchange ("TSX-V") nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this
news release.
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.
Cautionary Note Regarding Forward-Looking Statements
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. Words such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "targets", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events, conditions or results "will", "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotations thereof and similar
expressions identify forward-looking information.
The Company believes that the expectations reflected in the
forward-looking information included in this news release are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking information
should not be unduly relied upon. In particular, this press release
contains forward-looking information pertaining to the discovery of
the high-grade Lunahuasi prospect and potential for additional
discoveries in the Vicuña District.
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.
Cautionary Note to U.S. Readers
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
the United States applicable to
U.S. companies subject to the reporting and disclosure requirements
of the United States Securities and Exchange Commission.
SOURCE NGEx Minerals Ltd.