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PPX Mining Corp.

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Summary

Project:

Igor

Deposit:Portachuelos, Callanquitas
Location:Peru
Commodities:Gold-Silver
Date:5/2/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:2-5-2018: PPX Mining Corp. announces an Exploration/Drilling Update report for its Portachuelos, Callanquitas deposit at the Igor project. Drilling results incl. 6.9m @ 5.61g/t Au, 16.3g/t Ag. Vancouver, British Columbia – May 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 – May 2, 2018 – PPX Mining Corp. (the "Company" or “PPX”) is pleased to announce that diamond core drilling at the new Portachuelos discovery has intercepted 22.7 metres grading 0.57 gpt Au, 16.7 gpt Ag, 0.79 gpt Au Eq in drill hole CA-18-96 and 1.5 metres grading 10.25 gpt Au, 12.9 gpt Ag 10.42 Au Eq (CA-18-97) on the high grade Callanquitas structure at its Igor Project in northern Peru. Multiple gold and silver intercepts in drill hole CA-18-96 extend the new Portachuelos discovery an additional 100 metres to the northwest. The high grades seen in drill hole CA18-97 confirm and extend the new high-grade zone cut by drill hole CA-18-95 (Press Release dated March 18, 2018) at the north end of the Callanquitas structure. These drill results are described in more detail below: Portachuelos: Drill hole CA-18-96 was collared approximately 115 metres northwest of drill hole CA18-94 (please see Press Release dated April 9, 2018) and has cut two distinct, stacked, mineralized horizons: 22.7 metres grading 0.57 gpt Au, 16.7 gpt Ag, 0.79 gpt Au Eq (316.6 to 339.3 metres downhole) and 17.6 metres grading 0.63 gpt Au, 33.5 gpt Ag, 1.08 gpt Au Eq (195.7 to 213.3 metres downhole). Both of these mineralized zones are open vertically and horizontally and extend the Portachuelos system an additional 100 metres to the northwest where the system remains open. The deeper intercept in CA-18-96 has grades of up to 5.80 gpt Au Eq (322.7 to 324.5 metres), PPX geologists believe these higher grades may correlate with the Veta Cianuro, a high-grade structure that is parallel to and west of the Callanquitas structure. The Veta Cianuro has not been drilled previously and is therefore a target for further exploration.

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