PPX Continues To Deliver Solid Exploration Results At Callanquitas With Up To 18.93 Au g/t

TORONTO, ON / ACCESSWIRE / April 25, 2024 / PPX Mining Corp. (the "Company" or "PPX")(TSX.V:PPX)(BVL:PPX) is pleased to announce that during the current month, the Company focused its exploration efforts in three additional diamond drillholes from underground at Callanquitas East and West breccia zones.

Holes CA-24-09 and CA-24-10 were drilled horizontally at elevation 3290 m towards the Callanquitas West.

CA-24-10 delivered up to 18.93 g/t Au; with an intercept of 10.46 g/t Au and 34.7 g/t Ag over 0.9 meters. Hole CA-24-09 intersected 3.33 g/t Au and 11.5 g/t Ag over 0.45m.

Drillhole CA-24-08 was placed steeply with azimuth below CA-24-07 (elevation 2970 m), intercepting the Callanquitas East breccia zone with a grade of 2.27 g/t Au and 169.7 g/t Ag over 1.30 meters width. The hole was stopped close to the sulfide zone intercepted in CA-24-07.

Table N°1 below shows the sections of the holes CA-24-10, 09 and 08 with grades being demonstrated.

Table N°1

Foto: Accesswire

* Breccia parallel to Callanquitas West.
** True Width ("TW") is approximately 70% of the drill width on CA-24-08, and 95% of the drill width CA-24- 09 and CA-24-10.
*** Au Eq is: ((US$ Oz Ag / US$ Au) * Ag g/t) + Au g/t. Oz Au: US$ 2200 and Oz Ag: US$ 24.

Holes CA-24-09 and CA-24-10:

Two holes (CA-24-09 and 10) were drilled to intercept Callanquitas West. The drillholes were positioned from underground at level 3290 m, a new area with no historical drilling nearby, with an estimated length of 350 meters long and open at depth (see longitudinal section). The holes were located at the northern part of the Callanquitas West breccia as shown in the below figure:

Foto: Accesswire

Location of drillholes DDH CA-24-09 and CA-24-10 (Assay DDH Au and Ag g/t, and Surface Au g/t):

Foto: Accesswire

Hole CA-24-09:

Drilled towards the new areas of the Callanquitas West breccia and at 100 meters below the surface. The drilling intersected the Callanquitas West breccia at the elevation 3290 m with abundant iron oxides. The hole, drilled from an underground stope had an azimuth of 261° dipping 0° (horizontal). The breccia zone intersected has several hydrothermal features with intersections grading 5.34 g/t Au and 10 g/t Ag over 0.3 meters wide, and another thicker breccia grading 1.78 g/t Au and 7.9 g/t Ag over 2.25 meters (see section below).