PPX Drilling of Callanquitas West Confirms the Continuity of the Mineralized Breccia

TORONTO, ON / ACCESSWIRE / March 5, 2024 / PPX Mining Corp. (the "Company" or "PPX") (TSX.V:PPX)(BVL:PPX) is pleased to announce that in January 2024, the first six diamond drill holes directed at Callanquitas West were completed, totaling 515.6 meters from an underground drilling chamber. Partial results for the first two holes, CA-23-01 and CA-23- 04, were reported in the press release dated January 10, 2024, which included 2.55 meters with grades of 8.14 g/t Au and 88 g/t Ag and 1.15 meters grading 8.74 g/t Au and 58 g/t Ag, respectively.

This release covers results from the last five drill holes, including the completion of hole CA-23-04. Hole CA-23-02 intercepted Callanquitas West with 1.8 meters at a grade of 2.24 g/t Au and 24.7 g/t Ag; hole CA-23-03 intercepted the tension structure with 1.85 at 3.29 g/t Au and 55.6 g/t Ag. Results from hole CA-23-04 were partially reported in the January 10. press release and have now been completed, with 5.9 meters and grades of 4.57 g/t Au and 94.5 g/t Ag; hole CA-05-23 intercepted Callanquitas West with 2.1 meters at 2.8 g/t Au and 41.1 g/t Ag; and hole CA-24-06 intercepted Callanquitas West with 1.55 meters grading 2.5 g/t Au and 68 g/t Ag. All drill holes started from the same underground drilling chamber.

The table below shows the generalized sections of the last 5 drillings with details of orientation and negative dip:

Foto: Accesswire

* The Callanquitas West Tensional structure is only intercepted by CA-23-01, CA-23-02, CA-23-03, CA-23-04.
* True Width ("TW") is approximately 70% of the drill width.

All drill holes intercepted the Callanquitas West structure and are located in the northern area of ​​the historic drilling, carried out in 2017. The location of these new intercepts is located more than 50 meters north of the drill hole CA-12-67 and 50 meters below the drill hole CA -17-91 (see location map: level plan and section).

Foto: Accesswire

Location CA-23-02, CA-23-03, CA-23-04, CA-23-05 and CA-24-06

The interceptions of the six drill holes confirmed the continuity of Callanquitas West and its tension structure, in addition to the mineralization with significant grades of gold and silver. These grades seen in the Table above demonstrate that mineralization extends and continues in this area.