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PPX Mining Corp.
Summary
| Project: | Igor | |
|---|---|---|
| Deposit: | Callanquitas | |
| Location: | Peru | |
| Commodities: | Gold-Silver | |
| Date: | 12/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2017: PPX Mining Corp. announces an Exploration/Drilling Update report for its Callanquitas deposit at the Igor project. Drilling results incl. 40.8m @ 1.72g/t Au, 38.7g/t Ag from 155.9m. Vancouver, British Columbia – December 4, 2017 – PPX Mining Co | |
| Resources: | (Resource, Inf.): 7.189Mt @ 1.94g/t Au, 71.8g/t Ag at project | |
| CP/QP: | [Overall Report]: Quentin J. Browne (Independent) | |
| ABSTRACT: | Vancouver, British Columbia – December 4, 2017 – PPX Mining Corp. (the "Company" or “PPX”) is pleased announce that the Company has received results from three additional infill and resource confirmation/expansion diamond drill holes on the Callanquitas structure at its Igor Project in northern Peru. Drill hole CA-17-82 cut 3.0m grading 9.71 gpt Au and 45.1 gpt Ag (10.31 gpt Au Eq) within a thick interval of lower grade mineralization: 40.8m grading 1.72 gpt Au and 38.7 gpt Ag (2.24 gpt Au Eq) on a previously undrilled portion of the Callanquitas Structure. Drill holes CA-17-83 and -84 have identified a new Ag-rich portion of the Callanquitas Structure, intercepting 2.7m grading 1.73 gpt Au and 752 gpt Ag (11.76 gpt Au Eq) and 1.8m grading 0.12 gpt Au and 605 gpt Ag (8.19 gpt Au Eq) respectively. Brian J. Maher, President and CEO of PPX Mining Corp., commented: “The drill results reported today will be utilized to update the gold and silver resource estimate for the Igor Project as part of the Pre Feasibility Study (PFS) the Company expects to complete in Q1 2018. The continuity in grade and thickness demonstrated by the in-fill drilling program, coupled with underground channel samples and the results from bulk sampling are encouraging as we enter the PFS process. The high grade silver zone seen in drill holes -83 and -84 will need further evaluation, as the mineralization is open down-rake. PPX plans to continue the current drilling program into the New Year to follow-up on these encouraging results.” | |
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