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PPX Mining Corp.
Summary
| Project: | Igor | |
|---|---|---|
| Deposit: | Portachuelos | |
| Location: | Peru | |
| Commodities: | Gold-Silver | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-3-2018: PPX Mining Corp. announces an Exploration/Drilling Update report for its Portachuelos deposit at the Igor project. Drilling results incl. 40.2m @ 1.18g/t Au, 115.4g/t Ag from 38.6m. Vancouver, British Columbia – March 2, 2018 – PPX Mining Corp. | |
| 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 – March 2, 2018 – PPX Mining Corp. (the "Company" or “PPX”) is pleased to announce that diamond core drill hole CA-18-94 has intercepted 40.2 metres grading 1.18 gpt Au, 115.4 gpt Ag, (2.72 gpt Au Eq) at a vertical depth of approximately 25 metres at its new Portachuelos discovery at the Igor Project. The Portachuelos discovery or mineralized zone is located over 800 metres south of the existing Callanquitas resource and represents a new distinct area of shallow, lower grade gold and silver mineralization hosted by tectonic and hydrothermal breccia. Previously announced drill hole CA-17-76 (41.6m grading 0.71 gpt Au Eq) first cut mineralized breccia southeast of drill hole CA-18-94. The intercept reported for drill hole -94 extends this mineralization at least 250 metres to the northwest and shows much higher gold and silver grades. Together with previously reported drill hole CA-17-78, the Portachuelos mineralized zone has a strike length of approximately 650 metres, a true thickness of up to 40 metres and has been drilled to a depth of 130 metres. The gold and silver mineralization at Portachuelos is open in all directions, vertically and laterally. | |
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