03:39 PM EST - NGEx Resources Inc. : provided an update on the 2012 exploration program at the Company's 100% owned GJ copper-gold project located in northern British Columbia, Canada. The GJ project is located approximately 25 kilometres to the west of Imperial Metals Corporation's Red Chris project, in a similar geological setting, and is near the proposed new power line to be built by the BC and Federal governments along the Highway 37 corridor. The GJ Project is a copper/gold porphyry deposit with a Measured and Indicated resource, at a cut-off of 0.20% copper, of 153.3 million tonnes grading 0.321% copper and 0.369 g/t gold and contains 1.09 billion pounds of copper and 1.82 million ounces of gold. An additional inferred resource, at a cut-off of 0.20% copper, is 23 million tonnes grading 0.26% copper and 0.31 g/t gold and contains 132 million pounds of copper and 0.23 million ounces of gold. NGEx Resources Inc.
shares T.NGQ are trading down $0.11 at $1.97.
