From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Fri Sep 25 2009 - 01:45:16 EDT
Friday, September 25, 2009
NGEx Resources Inc. - Eritrea
Hambok http://en.wikipedia.org/wiki/Hambok
Hambok is a volcanogenic massive sulphide copper/zinc project located in
the western lowlands of Eritrea approximately 200km by road west of the
capital city of Asmara. The Company's land position covers approximately
100km of favorable stratigraphy northwest and southeast of the Bisha
Deposit.
A NI 43-101 report was completed in January, 2009. Indicated resources
(at a 0.75% zinc cutoff) are estimated at 10.7 million tonnes grading
0.98% copper, 2.25% zinc, 6.84 g/t silver, 0.20 g/t gold containing
231.1 million pounds of copper, 530.7 million pound of zinc, 2.3 million
ounces of silver, 68.8 thousand ounces of gold. There is an additional
inferred resource (at a 0.75% zinc cutoff) of 17.0 million tonnes of
0.85% copper, 1.74% zinc, 5.89 g/t silver, 0.19 g/t gold containing,
318.5 million pounds of copper, 652.1 million pounds of zinc, 3.2
million ounces of silver, and 103.8 thousand ounces of gold.
The Company holds its exploration ground through exploration licenses
granted by the Eritrean government. The government retains a 10% carried
interest in all discoveries and has the right to acquire an additional,
fully-contributing, participatory interest in any discovery.
Hambok Block Model Zn Equivalent Click Here to view (PDF)
http://www.ngexresources.com/i/pdf/Hambok-Block-Model-Zn-Equivalent.pdf
Typical Hambok Section Click Here to view (PDF)
http://www.ngexresources.com/i/pdf/Typical-Hambok-Section.pdf
http://www.ngexresources.com/s/Eritrea.asp
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