VANCOUVER, BC, March 31,
2023 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX)
("NGEx Minerals" "NGEx" or the "Company") is pleased to
report its results for the year ended December 31, 2022. View PDF version
Wojtek Wodzicki, President and
CEO commented, "Led by strong exploration results, NGEx
performed exceptionally well in 2022, resulting in share price
performance which outpaced its peer group. The discovery of the
high-grade Fenix and Alicanto Zones at Los Helados during the early
2022 drill campaign confirmed our geological reinterpretation of
the deposit, and demonstrated clear potential to add significantly
more high-grade material to an already sizeable resource located in
the emerging giant copper-gold-silver Vicuña District. We began a
follow-up drill program in November, 2022 and initial assay results
from this ongoing campaign have already begun to extend the Fenix
and Alicanto Zones, which both remain open in multiple
directions.
During 2022, NGEx also completed its earn-in at Valle Ancho
to crystallize a 100% interest in the prospective land package, and
began preparations for drill testing the Potro Cliffs exploration
target located on the major structural trend that controls Los
Helados to the north and Filo del Sol to the south. We received
permits in December, and drilling began at Potro Cliffs early in
2023. We will be sharing the drill results from the Los Helados and
Potro Cliffs programs as they become available, and look forward to
carrying our momentum through 2023."
2022 HIGHLIGHTS AND OUTLOOK
- Discovered two satellite high-grade breccias at Los Helados,
now known as the Fenix and Alicanto Zones, which confirm the
Company's revised geological interpretation of the deposit,
demonstrating that it hosts multiple centres of mineralization with
elevated grades.
- Launched 2022/2023 Los Helados drill program in November 2022, focusing on extension of the
recently discovered Fenix and Alicanto Zones, with initial assay
results showing early success and expanding these satellite
zones.
- Discovered a new copper-gold porphyry system at the La Quebrada
target and a shallow oxide gold system at the Nordin target on the Valle Ancho project.
- Completed the earn-in expenditure requirement at Valle Ancho to
secure a 100% interest in the project.
- Received permits for a Potro Cliffs drill program in
December 2022, paving the way to the
commencement of drilling at this highly prospective exploration
target in January 2023.
H1 2022 Los Helados Drill Program Discovers Satellite
High-grade Breccias; 2022-2023 Program to Test
Extension
The drill program carried out at Los Helados between January and
June 2022 (the "H1 2022 Los Helados
Drill Program") successfully expanded and tested continuity of
mineralization in the Condor Zone, the high-grade breccia phase at
the core of the Los Helados deposit. In addition, the program
validated the Company's geological interpretation at Los Helados,
which was revised in 2021 and hypothesized that the deposit hosts
multiple centres of high-grade mineralization and that elevated
grades do not necessarily dissipate away from the Condor Zone. The
Company confirmed the existence of two additional distinct,
high-grade centres to the Los Helados deposit, the Fenix Zone,
located at the western edge of the current Mineral Resource, and
the Alicanto Zone, located 550m north
of the Condor Zone.
Highlights from the H1 2022 Los Helados Drill Program include
LHDH076, which confirmed the existence of the Fenix Zone with an
intersection returning 234.0m at
0.97% Copper Equivalent ("CuEq") within a broader interval,
including the Condor zone, of 1,290m
at 0.74% CuEq. LHDH078 successfully discovered the Alicanto zone
and returned 474.8m at 0.61% CuEq,
including 100.0m at 1.20% CuEq (see
News Releases dated May 24, 2022 and
June 12, 2022).
A follow-up program was launched in the fall of 2022 to test for
extension of the two new zones (the "2022/2023 Los Helados Drill
Program"). Initial assays from this follow-up program have already
confirmed extension with LHDH081 returning 1,168.8m at 0.43% CuEq, including 220.0m at 0.72% CuEq through the Fenix Zone,
extending the mineralization 130m to
the northwest. In addition, LHDH083 successfully expanded the
Alicanto Zone 90m to the east with an
intersection of 626.0m at 0.59% CuEq
from 514.0m, including 122.1m at 1.05% CuEq from 884.0m (see News Release dated January 26, 2023).
Assay results from the completed H1 2022 Los Helados Drill
Program, and assays to date from the ongoing 2022/2023 Los Helados
Drill Program, are summarized below.
|
Hole-ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Cu
(%)
|
Au
(g/t)
|
Ag
(g/t)
|
CuEq1
(%)
|
Zones
Intersected
|
H1 2022 Los Helados
Drill Program
|
LHDH073
|
124.0
|
1,000.0
|
876.0
|
0.56
|
0.28
|
2.1
|
0.74
|
Condor
Zone
|
incl.
|
216.0
|
912.0
|
696.0
|
0.60
|
0.31
|
2.2
|
0.80
|
incl.
|
314.0
|
524.0
|
210.0
|
0.76
|
0.45
|
2.8
|
1.06
|
LHDH074
|
42.0
|
1,058.3
|
1,016.3
|
0.45
|
0.31
|
1.9
|
0.65
|
Condor
Zone
|
incl.
|
136.0
|
890.0
|
754.0
|
0.52
|
0.30
|
2.0
|
0.71
|
and incl.
|
210.0
|
504.0
|
294.0
|
0.60
|
0.41
|
2.1
|
0.87
|
and incl.
|
606.0
|
746.0
|
140.0
|
0.64
|
0.29
|
2.5
|
0.83
|
and incl.
|
816.0
|
890.0
|
74.0
|
0.58
|
0.25
|
2.5
|
0.74
|
LHDH075
|
14.0
|
922.0
|
908.0
|
0.39
|
0.24
|
1.3
|
0.55
|
Condor
Zone
|
incl.
|
88.0
|
652.0
|
564.0
|
0.47
|
0.29
|
1.4
|
0.65
|
incl.
|
222.0
|
602.0
|
380.0
|
0.51
|
0.31
|
1.6
|
0.70
|
incl.
|
222.0
|
378.0
|
156.0
|
0.59
|
0.42
|
1.7
|
0.86
|
LHDH076
|
110.0
|
1,400.0
|
1290.0
|
0.60
|
0.21
|
2.3
|
0.74
|
Condor
Zone
|
incl.
|
138.0
|
922.0
|
784.0
|
0.63
|
0.25
|
1.9
|
0.80
|
incl.
|
138.0
|
542.0
|
404.0
|
0.77
|
0.35
|
2.2
|
1.00
|
and incl.
|
1,166.0
|
1,400.0
|
234.0
|
0.80
|
0.24
|
4.5
|
0.97
|
Fenix
Zone
|
incl.
|
1,166.0
|
1,308.0
|
142.0
|
1.14
|
0.35
|
3.8
|
1.38
|
incl.
|
1,384.0
|
1,400.0
|
16.0
|
0.86
|
0.19
|
23.4
|
1.11
|
LHDH077
|
0.0
|
989.0
|
989.0
|
0.51
|
0.27
|
1.7
|
0.69
|
Condor
Zone
|
incl.
|
42.0
|
778.0
|
736.0
|
0.58
|
0.32
|
1.9
|
0.79
|
incl.
|
328.0
|
548.0
|
220.0
|
0.69
|
0.41
|
2.4
|
0.95
|
incl.
|
328.0
|
452.0
|
124.0
|
0.71
|
0.47
|
2.6
|
1.02
|
Upper ext.
|
42.0
|
150.0
|
108.0
|
0.53
|
0.38
|
1.6
|
0.77
|
Lower ext.
|
526.0
|
778.0
|
252.0
|
0.57
|
0.20
|
2.0
|
0.71
|
LHDH078
|
566.0
|
1,040.8
|
474.8
|
0.55
|
0.08
|
1.7
|
0.61
|
Alicanto
Zone
|
incl.
|
700.0
|
1,040.8
|
340.8
|
0.67
|
0.09
|
2.0
|
0.73
|
incl.
|
844.0
|
944.0
|
100.0
|
1.10
|
0.14
|
2.1
|
1.20
|
2022/2023 Los Helados
Drill Program
|
LHDH079
|
148.0
|
1,363.2
|
1,215.2
|
0.32
|
0.18
|
1.5
|
0.43
|
Condor
Zone
|
incl.
|
676.0
|
932.9
|
256.9
|
0.54
|
0.16
|
2.6
|
0.65
|
and incl.
|
985.8
|
1,086.0
|
100.2
|
0.53
|
0.17
|
1.4
|
0.64
|
LHDH081
|
436.0
|
1,604.8
|
1,168.8
|
0.37
|
0.08
|
1.8
|
0.43
|
Fenix
Zone
|
incl.
|
1,144.0
|
1,364.0
|
220.0
|
0.63
|
0.12
|
2.6
|
0.72
|
LHDH082
|
152.0
|
1,133.3
|
981.3
|
0.38
|
0.15
|
1.7
|
0.48
|
Condor
Zone
|
incl.
|
550.0
|
1,039.7
|
489.7
|
0.46
|
0.20
|
1.9
|
0.60
|
incl.
|
826.0
|
968.0
|
142.0
|
0.55
|
0.26
|
2.3
|
0.73
|
LHDH083
|
514.0
|
1,140.0
|
626.0
|
0.46
|
0.20
|
1.9
|
0.59
|
Alicanto
Zone
|
incl.
|
678.0
|
724.0
|
46.0
|
0.28
|
0.96
|
1.2
|
0.87
|
and incl.
|
884.0
|
1,006.1
|
122.1
|
0.94
|
0.14
|
2.7
|
1.05
|
1 CuEq for
drill intersections is calculated based on US$ 3.50/lb Cu, US$
1,700/oz Au and US$ 20/oz Ag, with metallurgical recoveries of 88%
for copper, 76% for gold and 60% for silver based on a
comprehensive program of metallurgical testwork. The formula is:
CuEq % = Cu % + (0.6117 * Au g/t) + (0.0057 * Ag g/t).
|
2 Los
Helados hosts large-scale porphyry and associated breccia
mineralization and drilled lengths are interpreted to be
approximate true widths.
|
|
The ongoing 2022/2023 Los Helados Drill Program will continue to
be focused on defining the geometry and size of the Alicanto and
Fenix Zones, with the majority of the remaining holes of the
program allocated to this objective. Several additional holes have
now been completed, with assays in progress. Results will be
released as they are received, analyzed and confirmed by the
Company.
In addition to the drill program, the Company is also carrying
out a comprehensive geophysical program to assist in targeting
higher grade mineralization, including a 3D IP/resistivity survey,
a drone borne magnetics survey, and a magneto-telluric survey.
Commencement of First Drill Program at Potro
Cliffs
Starting in the third quarter of 2022, the Company began making
preparations for a drill campaign at its Potro Cliffs copper-gold
exploration target ("Potro Cliffs"), located in San Juan Province,
Argentina. Potro Cliffs is the
largest untested hydrothermal system in the emerging Vicuña
District, which hosts several sizeable copper-gold deposits, such
as Josemaria, Filo del Sol, and the Company's Los Helados Project.
The Potro Cliffs target lies along the same major north-northeast
structural trend that controls the Filo del Sol deposit located
approximately 8 km to the south and Los Helados located
approximately 9 km to the north.
The Company received permits in late December 2022 and began drilling at Potro Cliffs
in January 2023 with two rigs. To
date, the Company has completed its first two holes at Potro
Cliffs, one from the plateau at the top of the cliff and another
collared in the valley approximately 700 metres below, and results
will be released as they are received, analyzed and confirmed by
the Company.
Drilling at Potro Cliffs has continued through March 2023 with drill targeting guided by the
geology seen in the first two holes.
Initial Discoveries at Valle Ancho Confirm Prospectivity
of Land Package; NGEx Completes 100% Earn-in
During the first quarter, the Company completed a 3,060
metre diamond drill program at the Valle Ancho project, located in
Catamarca Province, Argentina.
The program successfully discovered a new copper-gold porphyry
system at the La Quebrada target (see News Release dated
May 4, 2022), as well as shallow
oxide gold mineralization at the Nordin target (see News release dated
February 28, 2022). While both
discoveries will require additional exploration, the initial
results successfully demonstrated the prospectivity that exists on
this large and underexplored land package.
Assay results from the 8 holes completed this campaign are
summarized as follows:
La Quebrada Target – Copper-gold Porphyry Discovery
Hole-ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Cu
(%)
|
Au
(g/t)
|
Ag
(g/t)
|
CuEq1
(%)
|
VADH003
|
4.0
|
600.5
|
596.5
|
0.23
|
0.37
|
1.4
|
0.50
|
incl.
|
4.0
|
108.0
|
104.0
|
0.25
|
0.50
|
1.5
|
0.62
|
incl.
|
350.0
|
600.5
|
250.5
|
0.23
|
0.40
|
1.6
|
0.53
|
VADH004
|
No significant
values
|
VADH005
|
0.0
|
271.0
|
271.0
|
0.12
|
0.26
|
1.1
|
0.32
|
incl.
|
76.0
|
271.0
|
195.0
|
0.14
|
0.29
|
1.2
|
0.36
|
incl.
|
138.0
|
224.0
|
86.0
|
0.15
|
0.33
|
1.5
|
0.40
|
VADH006
|
8.0
|
431.0
|
423.0
|
0.19
|
0.27
|
2.2
|
0.40
|
incl.
|
162.0
|
270.0
|
108.0
|
0.22
|
0.38
|
1.9
|
0.50
|
incl.
|
292.0
|
428.0
|
136.0
|
0.25
|
0.32
|
4.2
|
0.50
|
VADH007
|
No significant
values
|
1 CuEq for
drill intersections is calculated based on US$ 3.50/lb Cu, US$
1,700/oz Au and
US$ 20/oz Ag, with metallurgical recoveries of 80% assumed for all
metals. The formula is:
CuEq % = Cu % + (0.7083 * Au g/t) + (0.0083 * Ag g/t).
|
|
Nordin Target – Near Surface, Oxide Gold Discovery
Hole-ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
VADH001
|
0.0
|
150.0
|
150.0
|
1.05
|
0.67
|
incl.
|
4.0
|
128.0
|
124.0
|
1.21
|
0.73
|
incl.
|
36.0
|
56.0
|
20.0
|
2.12
|
0.59
|
VADH002
|
0.0
|
198.0
|
198.0
|
0.63
|
0.44
|
incl.
|
0.0
|
70.0
|
70.0
|
0.94
|
0.46
|
Anomalia 4 Target
Hole-ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Cu
(%)
|
Au
(g/t)
|
Ag
(g/t)
|
CuEq
(%)
|
VADH008
|
No significant
values
|
In November 2022, after having
completed the US$8.0 million minimum
expenditure requirement pursuant to an option agreement with the
Province of Catamarca to earn a 100% interest in Valle Ancho, the
Company prepared requisite reports and made its formal submissions
to the province to complete the Valle Ancho earn-in.
FINANCIAL RESULTS
(In thousands of
Canadian dollars, except per share amounts)
|
|
|
Three months
ended
|
Year
ended
|
|
|
December
31,
|
December
31,
|
|
|
2022
|
2021
|
2022
|
2021
|
Exploration and project
investigation
|
|
6,038
|
3,518
|
28,924
|
5,665
|
General and
administration ("G&A")
|
|
2,346
|
695
|
5,496
|
2,054
|
Net loss
|
|
8,020
|
2,390
|
32,415
|
5,457
|
Basic and diluted loss
per share
|
|
0.04
|
0.01
|
0.20
|
0.04
|
The financial
information in this table was selected from the Company's
consolidated financial statements for the year ended December
31, 2022 (the "Financial Statements"), which are available on SEDAR
at www.sedar.com and the Company's website
www.NGExMinerals.com.
|
|
SELECTED FINANCIAL INFORMATION
(In thousands of
Canadian dollars)
|
|
December
31,
|
December
31,
|
|
|
2022
|
|
2021
|
Cash
|
|
23,249
|
|
21,000
|
Working
capital
|
|
20,222
|
|
19,974
|
Mineral
properties
|
|
3,903
|
|
3,537
|
Total assets
|
|
32,312
|
|
25,733
|
The financial
information in this table was selected from the Financial
Statements, which are available on SEDAR at
www.sedar.com and the Company's website
www.NGExMinerals.com.
|
|
The Company incurred a net loss of $32.4
million during the year ended December 31, 2022, comprised primarily of
$28.9 million in exploration and
project investigation costs and $5.5
million in G&A costs, which have been partially offset
by a gain of approximately $2.0
million resulting from the use of marketable securities for
the purposes of facilitating intragroup funding transfers. For the
comparative 2021 year, the Company reported a net loss of
$5.5 million, consisting primarily of
$5.7 million in exploration and
project investigation costs and $2.1
million in G&A costs, which were partially offset by a
gain of approximately $2.5 million
resulting from the use of marketable securities for the purposes of
facilitating intragroup funding transfers.
LIQUIDITY AND CAPITAL RESOURCES
As at December 31, 2022, the
Company had cash of $23.2 million and
net working capital $20.2 million,
compared to cash of $21.0 million and
net working capital of $20.0 million
as at December 31, 2021. The
Company's cash increased during the year ended December 31, 2022, due to an October 25, 2022 non-brokered private placement
whereby the Company sold an aggregate of 15,000,000 common shares
at a price of $2.00 per common share,
generating aggregate gross proceeds of $30.0
million (the "Financing") (see News Release dated
October 25, 2022). Net proceeds from
the Financing have been partially offset by funds used in
operations, including mineral property and surface access rights
payments, and for general corporate purposes. In addition, during
the year ended December 31, 2022, the
Company received $495,847 in gross
proceeds on the exercise of stock options.
Credit Facility
On September 28, 2022, the Company
obtained an unsecured US$3.0 million
credit facility (the "2022 Facility") from Zebra Holdings and
Investments S.à.r.l ("Zebra") and Lorito Holdings S.à.r.l.
("Lorito") to provide financial flexibility to fund ongoing
exploration and for general corporate purposes. Zebra and Lorito
are companies controlled by a trust settled by the late
Adolf H. Lundin. Zebra and Lorito
report their respective security holdings in the Company as joint
actors, as the term is defined by Canadian securities regulations,
and are related parties by virtue of their combined shareholding in
the Company in excess of 20%.
As consideration for the 2022 Facility, Zebra and Lorito
received 12,500 common shares upon execution thereof (the
"Commitment Shares") and shall receive an additional 200 common
shares each month, for every US$50,000 in principal outstanding, prorated
accordingly for the number of days outstanding. The 2022 Facility
matures on September 28, 2023, and no
interest is payable in cash during its term.
All common shares issued in conjunction with the facilities are
subject to a four-month hold period under applicable securities
laws.
The Company anticipates that it will deploy the majority of its
treasury and capital resources towards furthering exploration
programs in Chile and Argentina, and for general corporate and
working capital purposes.
ABOUT NGEX MINERALS
NGEx Minerals is a copper and gold exploration company based in
Canada, focused on advancing its
Los Helados copper-gold project located in Chile's Region III and testing the nearby
Potro Cliffs exploration target located approximately 12 kilometres
to the southwest in San Juan Province, Argentina. Both
projects are located within the Vicuña District which includes the
Josemaria and Filo del Sol deposits. Los Helados and the Potro
Cliffs target lie along the same major north-northeast trending
structure that controls the Filo del Sol deposit.
NGEx Minerals is the majority partner and operator for the Los
Helados Project, subject to a Joint Exploration Agreement with
Nippon Caserones Resources Co., Ltd. which operates the Caserones
open pit copper mine located approximately 15km north of Los
Helados through a subsidiary that is subject to a recently
announced agreement whereby Lundin Mining Corporation will acquire
a controlling stake.
NGEx Minerals' near-term objectives are to continue drilling for
extensions of the high-grade Fenix and Alicanto Zones identified at
Los Helados in early 2022, and to complete an initial drill
campaign at the Potro Cliffs exploration target.
The Company is listed on the TSXV under the trading symbol
"NGEX". NGEx Minerals is part of the Lundin Group of Companies.
QUALIFIED PERSONS AND TECHNICAL NOTES
The scientific and technical disclosure for the Los Helados
Project included in this news release have been reviewed and
approved by Bob Carmichael, B.A.Sc.,
P.Eng. who is the Qualified Person as defined by NI 43-101.
Mr. Carmichael is Vice President, Exploration for the Company.
Additional details on the drill results disclosed above can
be found in the Company's press releases dated February 28, 2022, May 4,
2022, May 24, 2022,
June 12, 2022 and January 26, 2023.
On behalf of NGEx Minerals,
Wojtek Wodzicki,
President and CEO
Additional information relating to NGEx Minerals Ltd. may be
obtained or viewed on the SEDAR website at www.sedar.com or
on the Company's website at www.ngexminerals.com.
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, including but not limited to, statements regarding:
exploration and development plans and expenditures, including the
size, scope, nature, timing and foci of the Company's future
exploration programs, particularly at Los Helados, Valle Ancho and
Potro Cliffs; the anticipated improvements to efficiency that will
be realized through directional drilling at Los Helados; the amount
or timing of drilling that will be completed during the 2022/2023
Los Helados Drill Program; whether current interpretation of the
exploration and/or drill results to date will be confirmed by
future work, including statements regarding prospectivity of
exploration properties, the accuracy of a geological model, or the
ability to extend and define of the Fenix, Alicanto and Condor
Zones at Los Helados; the result of the Province of Catamarca's
review of the Company's submission with respect to the completion
of the earn-in expenditure at Valle Ancho to secure a 100% interest
therein and the timing thereof; the expected results or success of
exploration activities at Potro Cliffs, including but not limited
to, drill results from the current program underway and the
anticipated drill meters to be completed at Potro Cliffs, including
whether the Company will drill holes in addition to the two
initially planned and completed; the expected timing of assay
results generated by the Company's drill program at Potro Cliffs;
the future uses of the Company's cash and working capital,
including the net proceeds resulting from the Financing; the
success of future exploration activities; potential for the
discovery of new mineral deposits or expansion of existing mineral
deposits; ability to build shareholder value; expectations with
regard to adding to Mineral Resources through exploration;
expectations with respect to the conversion of Inferred Resources
to an Indicated Resource classification, or the conversion of
Indicated Resources to a Measured Resource classification; and the
ability to execute the planned work programs. Words such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "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.
Forward-looking information is necessarily based upon various
estimates and assumptions including, without limitation, the
expectations and beliefs of management as outlined above. Although
the Company believes that these factors and expectations are
reasonable as at the date of this document in light of management's
experience and perception of current conditions and expected
developments, these statements are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Known and unknown risks, uncertainties and other
factors may cause actual results or events to differ materially
from those anticipated in such forward-looking statements and undue
reliance should not be placed on such statements and information.
Such factors include, without limitation: the ongoing COVID 19
pandemic and the risk that an intensification of the pandemic or an
outbreak at the project could impact the company's ability to carry
out the program and could cause the program to be shut down,
estimations of costs, and permitting time lines; ability to obtain
environmental permits, surface rights and property interests in a
timely manner; currency exchange rate fluctuations; requirements
for additional capital; changes in the Company's share price;
changes to government regulation of mining activities;
environmental risks; unanticipated reclamation or remediation
expenses; title disputes or claims; limitations on insurance
coverage; assumptions that the Company will receive the permits
required to drill at Valle Ancho in a timely manner, fluctuations
in the current price of and demand for commodities; material
adverse changes in general business and economic conditions in
Chile; the availability of
financing if and when needed on reasonable terms; risks related to
material labour disputes, accidents, or failure of plant or
equipment; and other risks, uncertainties and other factors
identified in the Company's periodic filings with Canadian
securities regulators which are available on SEDAR at www.sedar.com
under the Company's profile.
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.