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PPX Mining ( (TSE:PPX) ) has issued an update.
PPX Mining Corp. reported new underground diamond drilling results from its ongoing 4,300-metre program at the Callanquitas structures, highlighting high-grade gold and silver intercepts in both the Tension Vein and Callanquitas East mixed and oxide zones. Key holes included CA-25-28, which cut 3.15 metres averaging 6.40 g/t gold and 384.1 g/t silver, with a 0.70-metre sub-interval grading 9.66 g/t gold and 1,432 g/t silver in the Tension Vein, and CA-25-25, which returned 3.60 metres of 1.18 g/t gold and 458.8 g/t silver in Callanquitas East plus a sulfide interval grading 4.40 g/t gold and 46.7 g/t silver over 1.25 metres. Hole CA-25-24 added an oxide intercept of 2.69 g/t gold and 10.2 g/t silver over 2.90 metres near the end of the hole, while two other holes failed to reach their Callanquitas West targets due to mechanical issues. The results confirm continuity and expansion potential of both mixed and sulfide mineralization around historic drillhole CA-24-07, supporting PPX’s efforts to better define underground resources and improve mine planning at the Callanquitas deposit.
More about PPX Mining
PPX Mining Corp. is a precious metals exploration and development company focused on underground gold and silver mining at its Callanquitas vein system, where it operates a mine and conducts diamond drilling to delineate and expand high-grade mineralized zones in partnership with Proyectos la Patagonia SAC in Peru.
Average Trading Volume: 257,966
Technical Sentiment Signal: Buy
Current Market Cap: C$252.4M
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