NGEx Buys Gold Project
NGEx Minerals Ltd. has signed an option
agreement with the province of Catamarca,
Argentina, for a 100% stake in the
Valle Ancho gold project. The Canadian
company said it will be a valuable addition
to its portfolio.
The Valle Ancho gold project is located
along the Ancho Lineament Valley. Located
on the Argentine side of the Maricunga
Gold Belt of Chile, the Ancho Valley is a
large package of land held by Catamarca
that covers 100,000 ha (1,000 km2) of
little explored and highly prospective land.
The Canadian-based mining company
has the option of acquiring a 100% stake
in the project by spending $8.2 million
over a period of more than two years.
The corporation plans an initial site work
program that includes collection of historical
data, analysis of satellite images to identify
areas of hydrothermal alteration, field examination
and mapping of existing prospects,
followed by a geophysical study in the air.
The goal set for the initial program is to develop
objectives for future drilling tests.
As featured in Womp 2019 Vol 10 - www.womp-int.com