from PPX Mining Corp (CVE:PPX)
PPX Mining Intersects High-Grade at Callanquitas Sulfide Zone with up to 49.52 g/t Gold, 11,597 g/t Silver and 11.1% Copper
TORONTO, ON / ACCESS Newswire / October 21, 2025 / PPX Mining Corp. (TSX.V:PPX)(BVL:PPX - the "Company" or "PPX") is pleased to announce the continuation of its 4,300 meters diamond drilling program in coordination with Proyectos la Patagonia S.A.C. ("PLP"), a partner company. This drilling program is carried out inside the mine, within two drilling chambers. The drilling was executed from the chamber 04, now reported (historic DDH CA-24-07) and has the objective of testing Callanquitas East and the sulfide veins/breccias with four drill holes CA-25-21, CA-25-22, CA-25-23 and CA-25-24. The drill hole CA-25-24 has partial grades, and the company is expecting grades from the last 42 meters to come in later.
Drill hole CA-25-24 has three mineralized zones. The best mineralized intersection grades 8.63 g/t Au, 3756.2 g/t Ag and 0.7% Cu over 0.9 meters, includes grade of 22.38 g/t Au, 9619.5 g/t Ag and 1.9% Cu over 0.3 meters, in the Callanquitas Este (mixed mineralized zone). The second mineralized intersection grades 10.98 g/t Au, 2189.1 g/t Ag and 2.3% Cu over 5.9 meters, includes grade of 17.33 g/t Au, 3888.3 g/t Ag and 3.9% Cu over 3.3 meters, and also includes grade of 49.52 g/t Au, 11597.1 g/t Ag and 11.1% Cu over 1.1 meters, tension vein of sulfide. The third mineralized intersection is still waiting for laboratory results.
The drill hole CA-25-23 has three mineralized zones, the best intersection grades 12.33 g/t Au and 11.4 g/t Ag over 2.4 meters, includes a grade of 27.43 g/t Au and 23.6 g/t Ag over 0.95 meters, Callanquitas Este (oxide mineralized zone). It also intercepted mineralized sections of low-grade tension veins.
The drill hole CA-25-22 intercepted a mineralized section grading 3.03 g/t Au and 13.2 g/t Ag over 1.5 meters at Callanquitas Este (mixed mineralized zone).
The drill hole CA-25-21 intercepted a mineralized section grading 0.62 g/t Au, 381.0 g/t Ag and 0.3% Cu over 1.25 meters and includes a grade of 2.78 g/t Au, 1897.0 g/t Ag and 1.3% Cu over 0.25 meters at Callanquitas Este (sulfide zone).
The drill hole CA-25-24 was oriented at N66°E dipping -48°; drill hole CA-25-23 was oriented N43°E dipping -14°; drill hole CA-25-22 was oriented N105°E dipping -48°; and drill hole CA-25-21 was oriented N140°E dipping -39°. (See Plan View Figure 1, and Sections Figure 4). The drill holes CA-25-24 is in the mixed - sulfide zone, CA-25-23 is in the oxide - mixed zone, CA-25-22 is in the mixed zone, and CA-25-21 is in the sulfide zone. See the intersections of mineralized zones below in the Table 1.
Table 1. Drilling Results of CA-25-20, 21, 22, 23, and CA-25-24.
Drill Hole | From (m) | To (m) | Length (m) (*) | Average Grades | Press Release | Breccia | Total depth (m) | Orientation & Dip | ||
Au (g/t) | Ag (g/t) | Cu (%) | ||||||||
CA-25-24 | 111.20 | 119.90 | 8.70 | 1.14 | 483.9 | 0.1 | Current | Callanquitas Este Mixed | 212.5 | 66/ -48 |
Included | 111.20 | 112.10 | 0.90 | 8.63 | 3,756.2 | 0.7 | Current | |||
Included | 111.50 | 111.80 | 0.30 | 22.38 | 9,619.5 | 1.9 | Current | |||
CA-25-24 | 131.50 | 158.40 | 26.90 | 2.91 | 561.4 | 0.5 | Current | Tension I vein (Sulfide) | ||
Included | 140.75 | 155.70 | 14.95 | 4.71 | 921.2 | 0.9 | Current | |||
Included | 149.80 | 155.70 | 5.90 | 10.98 | 2,189.1 | 2.3 | Current | |||
Included | 152.40 | 155.70 | 3.30 | 17.33 | 3,888.3 | 3.9 | Current | |||
Included | 154.60 | 155.70 | 1.10 | 49.52 | 11,597.1 | 11.1 | Current | |||
CA-25-24 | 171.60 | 168.90 | 174.50 | Pending | Pending | Pending | (Oxide) | |||
CA-25-23 | 51.80 | 52.85 | 1.05 | 0.5 | 8.1 | - | Current | Tension I vein (Mixed) | 252.7 | 43 / -14 |
CA-25-23 | 86.75 | 88.10 | 1.35 | 0.2 | 40.5 | - | Current | Tension II vein (Mixed) | ||
CA-25-23 | 215.30 | 226.65 | 11.35 | 2.85 | 4.9 | - | Current | Callanquitas Este (Oxide) | ||
Included | 221.20 | 223.60 | 2.40 | 12.33 | 11.4 | - | Current | |||
Included | 221.80 | 222.75 | 0.95 | 27.43 | 23.6 | - | Current | |||
CA-25-22 | 123.20 | 124.70 | 1.50 | 3.03 | 13.2 | - | Current | Callanquitas Este (Mixed) | 207.4 | 105 / -48 |
Included | 124.05 | 124.70 | 0.65 | 3.95 | 21.7 | - | Current | |||
CA-25-21 | 112.20 | 113.45 | 1.25 | 0.62 | 381.0 | 0.3 | Current | Callanquitas Este (Sulfide) | 233.3 | 140 / -39 |
Included | 112.20 | 112.45 | 0.25 | 2.78 | 1,897.0 | 1.3 | Current | |||
CA-25-20 | 166.20 | 168.90 | 2.70 | 1.75 | 7.4 | - | Previous pending | (Sulfide) | 187.3 | 43/ -30 |
* True Width ("TW") is approximately 70% of the drill width.
The drillhole CA-25-24 intercepted the Callanquitas Este structure and Tension Vein sulfide zone, located 6 meters south of CA-24-07 (DDH historic 07), a twinned hole. The drillhole CA-25-23 intercepted the Callanquitas Este structure and Tension Vein sulfide, located 150 meters north of 07. The drillhole CA-25-22 intercepted the Callanquitas Este structure, located 55 meters south of 07. The drillhole CA-25-21 intercepted the Callanquitas Este structure, located 103 meters south of 07. All boreholes are drilled from chamber 04, located at an elevation of 2960 meters above sea level. (See Figure 1 and 2-5, Section: drill holes and Longitudinal section).
Figure 1. Plan view: location drill holes CA-25-21, CA-25-22, CA-25-23, CA-25-24
The drillhole CA-25-24 intercepted the Callanquitas Este structure and Tension Vein sulfide zone, located 6 meters south of CA-24-07 (DDH historic 07). Has three mineralized zones, the most important is the section grading 8.63 g/t Au, 3756.2 g/t Ag and 0.7% Cu over 0.9 meters, Callanquitas Este (mixed mineralized goethite - pyrite, acanthite?). The second section grades 10.98 g/t Au, 2189.1 g/t Ag and 2.3% Cu over 5.9 meters, Tension Vein sulfide zone (pyrite, acanthite? chalcocite, chalcopyrite and bornite). The third section is still awaiting laboratory results of the oxide zone (Goethite - limonite).
Figure 2. Section: drill holes CA-25-24
The drillhole CA-25-23 intercepted the Callanquitas Este structure and Tension Vein sulfide zone, located 150 meters north of 07 and 35 meter above. The best being the section grading 12.33 g/t Au and 11.4 g/t Ag over 2.4 meters, Callanquitas Este (oxide mineralized zone, goethite - limonite). It also intercepted sections of low-grad