Tag Archives: NGEX resources inc

Nevsun Finalized Acquisition of Mogoraib License including Hambok Copper-Zinc Deposit

Nevsun continues to acquire potential deposits and exploration areas contiguous to its Bisha Mine

By Kin Communications inc.,

Nevsun Resources Ltd. (“Nevsun”) today is pleased to announce that the Bisha Mining Share Company (“Bisha”), a 60% owned subsidiary of Nevsun, has closed its previously announced agreement to acquire the Mogoraib River exploration license in Eritrea.

Pursuant to the Agreement announced August 1, 2012, Bisha has paid Sanu Resources, a subsidiary of NGEx Resources Inc. of Vancouver, US$5 million.

The Mogoraib license is 97.4 square kilometers in area and includes the Hambok copper-zinc deposit. The Hambok deposit is located 16 km southwest of the Bisha Mine.  Continue reading Nevsun Finalized Acquisition of Mogoraib License including Hambok Copper-Zinc Deposit

NGEX Update on Major Exploration Projects in South America and Africa

NGEX Resources

NGEx Resources Inc. (NGQ-TSX) (‘NGEx’ or the ‘Company’) announces major exploration programs underway in South America and Eritrea. The Company’s exploration budget is focused on large scale copper, gold, and potash targets that demonstrate the potential for world class discoveries. Continue reading NGEX Update on Major Exploration Projects in South America and Africa