Silver X Mining Corp Prioritizes Development of Plata Mining Unit in Peru

Silver X Mining Corp announced its decision to prioritize the renovation of the Plata Mining Unit, located in the Nueva Recuperada Silver District, central Peru. This initiative is in addition to the main production at Nueva Recuperada. The Plata Unit, previously managed by Compañia de Minas Buenaventura SAA and known as Esperanza, represents an area with high exploration potential thanks to its abundant, little-exploited veins.

With an initial inferred resource of 448,812 tonnes containing 220.81 g/t silver, 2.55% lead and 4.58% zinc, Plata demonstrates considerable value. The strategic location of the unit, 10 km south of the Nueva Recuperada plant, and the historical data painstakingly reconstructed by Silver diamond, highlight Plata's potential to strengthen the company's growth.

CEO Jose M. Garcia highlights the importance of the Plata unit in achieving Silver X's goal of becoming a premier silver company. The company, founded on robust economic models despite the absence of confirmed mineral reserves, navigates aware of the economic and technical risks associated with this type of production decision.