NGEx Resources Inc.
The NGEx District

South America's Biggest New Copper-Gold Camp

News

Investors

News


Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.

NGEx Granted Exploration Licenses in the Republic of Congo

Feb 16, 2010 - 03:16 ET
View News Release in PDF Format


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2010) - NGEx Resources Inc. (TSX:NGQ) ("NGEx" or the "Company") is pleased to report that NGEx has been granted two exploration licenses in the Republic of the Congo (Congo-Brazzaville) over the Reneville and Kingouala areas (please see attached map, http://media3.marketwire.com/docs/ngq0216map.pdf). NGEx is targeting high grade copper and lead-zinc carbonate replacement mineralization hosted in Upper Proterozoic sedimentary rocks. The style and geological environment of mineralization has similarities to that seen at Anvil Mining's Dikulushi copper-silver mine hosted in similar rocks in the Democratic Republic of Congo. NGEx's properties lie on strike with the past-producing copper, lead, and zinc mines at Mindouli, Mpassa, Boko Songo, Haplio, Mfouati and Yanga Koubenza-Palabanda. Mineralization in these deposits is at least partly hosted in solution collapse karst features. Historical prospects contained within NGEx's licenses include Reneville and Pieme, which occupy similar geologic settings to that of the past-producing mines.

Rock samples from Reneville show that copper mineralization consists of a high-grade (greater than 5% Cu) karst fill, and a lower-grade (1-2% Cu) fracture controlled mineralization; similar high- and lower-grade mineralization occurs at the nearby Mindouli mine.

In addition to Reneville, soil and rock-chip sampling undertaken by NGEx has defined a 4 km-long mineralized trend at Pieme with high (greater than 1%) lead values. A strong self potential anomaly (historical data) lies in the western part of the prospect, and a prospective limestone horizon, the host of the mineralization in the district, is expected to occur close to the surface along the entire 4 km mineralized trend. NGEx has also defined soil anomalies and identified gossan outcrops at the Nkabi prospect. Other prospects defined by soil sampling include Kikoumpa, Ngouma, Reneville SW, and Matatolo.

NGEx is currently undertaking infill soil sampling at these prospects. With additional sampling, trenching, and geophysics, NGEx hopes to define drill targets by September or October 2010.

Dr. Wojtek Wodzicki, P. Geo. (BC), President and CEO of NGEx, a Qualified Person as defined by National Instrument 43-101, has reviewed the technical contents of this release. Samples to date have been analyzed by aqua regia digestion and inductively coupled plasma emission spectroscopy (ICP-AES) at ALS Laboratory Group in Johannesburg, South Africa (ALS internal code ME-ICP41).

On behalf of the Board,

Dr. Wojtek Wodzicki, President and CEO


FOR FURTHER INFORMATION PLEASE CONTACT:

NGEx Resources Inc.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
ngexresources@namdo.com
www.ngexresources.com



Contact