PPX Mining Corp. Reports Positive Drill Results at Callanquitas West, Expanding Gold and Silver Mineralization

PPX Mining Corp., a prominent player in the mining sector, announced significant findings from their recent drilling activities at Callanquitas West. The exploration conducted in January 2024 involved six diamond drill holes, totaling 515.6 meters, initiated from an underground drilling chamber. Initial results were shared in a previous release, showcasing high-grade gold and silver interceptions. The latest release updates on the remaining five drill holes, highlighting the consistency and extension of mineralization in the Callanquitas West area.

The drill results revealed gold (Au) and silver (Ag) grades, with one hole indicating a notable 5.9 meters at 4.57 g/t Au and 94.5 g/t Ag. These results demonstrate the continuity of the mineralized breccia zone, underscoring the potential for further exploration northward and at depth. PPX Mining Corp. intends to carry out a second-phase drilling program in the early quarters of 2024, aiming to define the definitive geometry of the gold and silver mineralization at Callanquitas West.

John Thomas, CEO of PPX, expressed optimism regarding the drilling outcomes, highlighting their significance in informing future exploration at Callanquitas West. The company’s meticulous core sampling and quality assurance protocols ensure the reliability of these promising results, which bolster PPX's strategic exploration efforts in northern Peru.