Wednesday, January 20, 2010


"Lukas Lundin looks like missing from our Lithium and REE fever: we can hardly call it an "exposure" via his holdings in Canada Zinc Metals CZX.v after investing in TNR Gold TNR.v"
"We expect Lukas Lundin to storm the junior space back with his troops. He was out of the picture for a while and put his exploration ambitions on hold consolidating Canadian Gold Hunters CGH.to, Suramina Resources and Sanu Resources. He has grown up fast first in size of the controlled assets and status of Major League by Lundin Mining and then was hit with problems followed - he was busy saving them after the crash. But now we have a few signs of his team coming back into the junior M&A market space and we would like to speculate whether it could lead to any catalyst in juniors we are following."



With this Global Exploration vehicle of Lukas Lundin group it is easier to tell where they do not have projects than where they have. NGEx Resources presented in South and North Americas and in Africa.
In Argentina Company has a few J/V deals and properties with TNR Gold TNR.v. Results from Jose Maria will be important for Batidero property under option from TNR Gold.
NGEx has recently raised capital and the most important news is that Lukas Lundin has increased his position in the company via his family investment vehicle Zebra Holdings. We are always following smart money and companies where insiders are holding a significant stake and are increasing their positions.

"TNR Gold investor acquires five million more units
2009-12-23 18:44 ET - News Release
Mr. Kirill Klip reports
TNR EARLY WARNING REPORT
Kirill Klip has acquired through a private placement, directly or indirectly, five million units at a price of 30 cents per unit of TNR Gold Corp. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles Mr. Klip to purchase an additional common share at a price of 40 cents, up to and including Dec. 17, 2011. The common shares of TNR are listed on the TSX Venture Exchange. Assuming full exercise of the warrants, Mr. Klip would hold a 22.46-per-cent interest in TNR.
As stated in Stockwatch on Feb 25, 2009, Mr. Klip owned, or exercised control or direction over, an aggregate of 14,250,500 common shares, 975,000 warrants and 950,000 stock options, and a $150,000 principal amount debenture and associated warrants. Assuming conversion of the $150,000 principal amount debenture and exercise of the associated warrants, together with Mr. Klip's warrants and stock options, TNR had 85,486,983 common shares outstanding of which Mr. Klip would exercise control or direction of a 25.94-per-cent interest."


Now with recent news in Lithium sector Argentina promise the hot Summer in that part of the world, but do not discount solid Gold and Copper and we are looking for the results from announced exploration programs.

NGEx investor Zebra buys five million more shares
2009-12-23 19:39 ET - News Release
Mr. Aksel Azrac of Zebra Holdings reports
ZEBRA HOLDINGS & INVESTMENTS S.A.R.L.: CORPORATE UPDATE-NGEX RESOURCES INC.
Zebra Holdings and Investments SARL, on Dec. 21, 2009, purchased three million common shares of NGEx Resources Inc. at a price of 70 cents per share, through the facilities of the TSX Venture Exchange and purchased two million shares of the company pursuant to a private transaction. Prior to the purchase of the shares, the offeror owned 10,411,841 common shares and an investment company acting jointly with the offeror owned 5,615,400 common shares of the company, representing approximately 10.91 per cent of the company's issued and outstanding share capital. The offeror and the joint actor now own and have control over a total of 21,027,241 common shares of the company, or approximately 14.32 per cent of the issued and outstanding shares of the company. The offeror relied upon the accredited investor exemption provided for in Section 2.3 of National Instrument 45-106 in connection with the issuance of two million of the five million common shares."






NGEx Announces Updates on South American and Eritrean Drill Programs


Press Release Source: NGEx Resources Inc. On Tuesday January 19, 2010, 3:35 pm EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - NGEx Resources Inc. (TSX:NGQ - News; 'NGEx' or the 'Company') is pleased to report on its drill programs currently underway in Chile and Eritrea. The Company's 2010 drill program at its Los Helados project located in Region III, Chile started on January 14, 2010 at site I (to see photo please click on: http://us.lrd.yahoo.com/_ylt=AswKZuVE5V_pYRj3k5PxmUqtcq9_;_ylu=X3oDMTE2YTJoZXNrBHBvcwMzBHNlYwNuZXdzYXJzdGFydARzbGsDaHR0cG1lZGlhM21h/SIG=11ipio592/**http%3A//media3.marketwire.com/docs/ngq119a.jpg). The planned program will consist of approximately 3,800 meters in 6 or 7 holes. Drilling is planned to follow up on encouraging results obtained in DDH 04 drilled in 2009 which intersected 762 meters of 0.43% copper and 0.22 g/t gold, including 343 meters of 0.58% copper and 0.21 g/t gold. The drilling will target a 1 kilometre long chargeability anomaly that lies to the north of previous drilling. Outcrops above the anomaly contain potassic alteration, stockwork veining and local copper sulphides. The drill program is expected to take approximately two months. Los Helados is part of the Company's joint venture with the Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC holds a 40% participating interest in Los Helados.
Drilling at the Company's nearby Josemaria project concluded in mid-December, 2009. Seven diamond drill holes totalling 2,253 meters tested possible extensions of the Josemaria resource. Results are expected toward the end of January, 2010.
The Company also has a drill program underway in western Eritrea that is targeting volcanogenic massive sulphide targets on its Mogoraib and Kerkebeit licenses. Drilling will test additional targets at the Koken Prospect where initial drilling in 2008 intersected encouraging results; possible extensions to the Hambok deposit identified by a gradient IP survey conducted in November, 2009 (to see map please click on: http://us.lrd.yahoo.com/_ylt=ApC35xY5MGLkxqdeh1rIoUGtcq9_;_ylu=X3oDMTE2OWh2ZWsxBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cG1lZGlhM21h/SIG=11idv5u0k/**http%3A//media3.marketwire.com/docs/ngq119b.jpg).
Drilling is also underway to test a new mineralized gossan known as the Aradaib prospect that was identified by prospecting (to see photo please click on: http://us.lrd.yahoo.com/_ylt=Ai1af2wHCCu6h2wvpT.s5watcq9_;_ylu=X3oDMTE2M2xsajZuBHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cG1lZGlhM21h/SIG=11idniojr/**http%3A//media3.marketwire.com/docs/ngq119c.jpg). Initial work identified 350m of discontinuous strike exposure of the gossan. Of twelve rock chip samples taken, ten returned anomalous gold values (100 to 350ppb) with two assaying 4.1 and 8.9gpt, five had Cu values greater than 1000ppm, and two had Pb greater than 1000ppm. Zn is moderately anomalous in all of them.
Aradaib Gossan
Dr. Wojtek Wodzicki, P. Geo. (BC), President and CEO of NGEx, a Qualified Person as defined by National Instrument 43-101, has review the technical contents of this release.
On behalf of the Board,
Dr. Wojtek Wodzicki, President and CEO"

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