| NGEx Files Technical Report Updating the Mineral Resource Estimate for the Filo del Sol Project | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 15, 2015) - NGEx Resources Inc. (NGQ.TO)(NASDAQ OMX:NGQ) ("NGEx" or the "Company") announces that a National Instrument 43-101 ("NI 43-101") Technical Report (the "Technical Report"), updating the Mineral Resource estimate for the Company's Filo del Sol Project has been completed and filed on SEDAR. The updated Mineral Resource estimate for Filo del Sol was announced in the Company's news release dated November 23, 2015. The Technical Report titled "Updated Mineral Resource Estimate for the Filo del Sol Property, Region III of Atacama, Chile and San Juan Province, Argentina" dated December 11, 2015 with an effective date of August 26, 2015, was prepared by Fionnuala Devine, M. Sc., P.Geo., of Merlin Geosciences Inc., Diego Charchaflié, M. Sc., P.Geo. of LPF Consulting SRL, and James N. Gray, P.Geo. of Advantage Geoservices Ltd., all of whom are Qualified Persons as defined by NI-43-101 and are independent of the Company. The Technical Report is available for review under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (www.ngexresources.com). About NGEx NGEx is a Canadian mineral exploration company with exploration projects in Chile and Argentina. The Company's shares are listed on the Toronto Stock Exchange and on NASDAQ Stockholm under the symbol "NGQ". The Company's focus is on three advanced exploration stage copper-gold systems located on a contiguous land package that the Company holds in Chile's Region III and adjacent San Juan Province, Argentina. Los Helados is part of a joint venture in which the Company holds 60% and Pan Pacific Copper Co., Ltd. holds 40%. Josemaria is part of a joint venture in which the Company holds 60% and Japan Oil, Gas, and Metals National Corporation (JOGMEC) owns 40%. NGEx holds a 100% interest in the Filo del Sol Project. In addition to these more advanced projects the Company holds a portfolio of 100% owned early stage exploration projects located in Chile and Argentina. Additional Information The information in this release is subject to the disclosure requirements of NGEx Resources under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on December 15, 2015 at 8:00pm Eastern Time. On behalf of the board Wojtek Wodzicki, President and CEO
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Ngex Resources Inc.
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EXPLORATION STAGE |
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CODE : NGQ.TO |
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Ngex is a zinc and gold exploration company based in Canada. Ngex holds various exploration projects in Colombia. Its main exploration properties are CERRO CUADRADO, FILO DEL SOL and JOSEMARÍA in Argentina, MOULE and NYIEME in Burkina Faso, ZYMO and GJ KINASKAN in Canada, LINQUE 1, LINQUE 2, TALADRO 1 and TALADRO 2 in Peru, LOS HELADOS in Chile, HAMBOK in Eritrea and MANDÉ and PIEDRANCHA in Colombia. Ngex is listed in Canada. Its market capitalisation is CA$ 237.0 millions as of today (US$ 175.9 millions, € 157.0 millions). Its stock quote reached its lowest recent point on February 06, 2009 at CA$ 0.21, and its highest recent level on September 23, 2011 at CA$ 4.00. Ngex has 213 470 000 shares outstanding. |