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PPX Mining Corp.
Summary
| Project: | Igor | |
|---|---|---|
| Deposit: | Callanquitas | |
| Location: | Peru | |
| Commodities: | Gold-Silver | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2017: PPX Mining Corp. announces an Exploration/Drilling Update report for its Callanquitas deposit at the Igor project. Drilling results incl. 41.6m @ 0.53g/t Au, 13.6g/t Ag from 155.4m. Vancouver, British Columbia – November 20, 2017 – PPX Mining | |
| Resources: | (Resource, Inf.): 7.189Mt @ 1.94g/t Au, 71.8g/t Ag | |
| CP/QP: | [Overall Report]: Quentin J. Browne (Independent) | |
| ABSTRACT: | Vancouver, British Columbia – November 20, 2017 – PPX Mining Corp. (the "Company" or “PPX”) is pleased to announce that the Company has discovered a new, thick, gold and silver mineralized breccia zone over 800 metres south of the known Callanquitas Inferred Resource at the Igor Project. Diamond drill hole CA-17-76 cut 41.6 metres grading 0.53 gpt Au and 13.6 gpt Ag (0.71 gpt Au Eq.) including 20.6 metres grading 0.77 gpt Au and 8.0 gpt Ag (0.88 gpt Au Eq.) at a vertical depth of approximately 130 metres (Please see Table below). A second diamond drill hole, CA-17-78, located 150 metres southeast of CA-17-76 cut 30.3 metres grading 0.28 gpt Au and 12.0 gpt Ag (0.44 gpt Au Eq.). The gold and silver mineralization intercepted in these drill holes is open in all directions, vertically and laterally. Brian J. Maher, President and CEO of PPX Mining Corp., commented: “PPX is excited about the discovery of this new zone of low-grade gold and silver mineralization south of the Callanquitas resource. As the Company advances its Phase One drilling program, we will continue to focus on both high and low-grade exploration targets in order to fully understand the ultimate resource potential of the Igor Project.” | |
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