PPX Continues to Deliver Outstanding Drilling Results with up to 33.08 g/t Au, 8174.2 g/t Ag and 13.1% Cu

TORONTO, ON / ACCESSWIRE / March 7, 2024 / PPX Mining Corp. (the "Company" or "PPX") (TSX.V:PPX)(BVL:PPX) is pleased to announce that in February 2024, the two diamond drill holes focused on Callanquitas East and its branches were completed, with a total of 376.4 meters drilled from an underground level chamber (2970 masl). The results from the first hole, CA-24-07, intercepted an oxidized breccia with grades of 12.05 g/t Au and 300.9 g/t Ag over 5.25 meters (drilling length at 116.05 meters to 121.30 meters). This included a 3.15 meters intersection grading 19.70 g/t Au and 415.3 g/t Ag in oxides at 116.65 meters. The hole was continued and intercepted a vein of sulfide mineralization over 9.2 meters of drill length grading 10.34 g/t Au, 1670.8 g/t Ag, and 4% Cu at 141.8 meters which includes 1.70 meters grading 33.08 g/t Au, 8174.2 g/t Ag and 13.1% Cu at 142.8 meters. The CA-24-08 drill hole sample results are still pending, but visually the oxidized breccia was intercepted with a width of 1.95 meters. The two drill holes started at the same underground drill chamber near at the 2970 meters level. Table N°01 below, demonstrates the mineralized intersections of the drill hole CA-24-07 and the grades obtained with the details of the orientation and dip of the structure.

Foto: Accesswire

The drillholes intercepted the Callanquitas East structure, and are located to the north and below the area of ​​the historic drilling carried out in 2018, at a depth of 2970 mal. The location of these new intercepts is located more than 50 meters below the mined areas (see longitudinal section below of Mina Callanquitas), the nearest historical drilling is CA-12-44.

Foto: Accesswire

The intersections in the two drillholes confirms the continuity at depth of the Callanquitas East structure, with good mineralization and high grades of Au and Ag in the material assayed. The grades seen in the Table N°01 demonstrate that the mineralization extends down dip and plunge with continuing mineralization in this area.

Callanquitas East consists of several hydrothermal breccia events and faults that were mineralized at different stages. The structure cuts quartz sandstones and siltstones. The hydrothermal alteration in these units is predominantly sericite - quartz. The mineralization intercepted by CA-24-07, consists of Fe oxides (FeOx), located in the matrix of the hydrothermal breccias. This is replaced by more than 20% goethite and limonite and in addition some sections are completely replaced by FeOx and a few sections with a fault breccia.