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New High-Grade Shoot Discovered at Mina Callanquitas: Up to 228.16 gpt Au and 6,384 gpt Ag in Channel Samples
VANCOUVER, BC / ACCESSWIRE / March 14, 2022 / PPX Mining Corp. (the " Company " or " PPX ") ...
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[{"type":"text","content":"New High-Grade Shoot Discovered at Mina Callanquitas: Up to 228.16 gpt Au and 6,384 gpt Ag in Channel SamplesVANCOUVER, BC / ACCESSWIRE / March 14, 2022 / PPX Mining Corp. (the \"Company\" or \"PPX\") is pleased to announce that development work by its mining partner Proyectos la Patagonia S.A.C. (\"PLP\") on the 3190 level of the underground Mina Callanquitas during 2021 cut a high-grade gold and silver mineralized shoot within the previously defined reserves for Mina Callanquitas (please see press release dated December 4, 2018 and Pre-Feasibility Study posted on SEDAR). Systematic underground channel sampling, part of PLP's normal grade control protocol, outlined a high-grade mineralized shoot over a strike length of 150 metres with a true width of 1.9 metres. The average grade over this area, based on 198 channel samples, is 16.84 gpt Au and 257 gpt Ag. Individual channel samples contained up to 228.16 gpt Au and 6,384 gpt Ag as described in more detail below. Higher than anticipated grades and good continuity highlight the significance of this discovery:As shown in the plan views and cross sections below, the principal shoot is 150 metres long with an average width of 1.9 metres with average grades of 16.84 gpt Au and 257 gpt Ag.Within this mineralized shoot there is a distinct zone of much higher gold grades: Over a strike length of 63 meters with an average width of 2.2 meters, 118 channel samples average 26.46 gpt Au and 234 gpt Ag. Individual channel samples, which range in width from 0.2 to 1.2 meters range in grade from 0.43 to 228.16 gpt Au and 1.1 to 4,602 gpt Ag. Both the gold and silver plan view maps show that continuity of mineralization is excellent within this shoot. As has been consistently the case at Mina Callanquitas, mined and sampled grades of mined reserves are consistently higher than predicted in Project' Pre-Feasibility Study.High Grade Silver Zone: As can be seen on the plan view highlighting silver grades, the southern extent of the 3190 level has cut through a zone with high silver grades: up to 6,384 gpt Ag. Based on 16 channel samples, this zone has an average width of 2.3 meters grading 1272 gpt Ag and 3.43 gpt Ag. The silver zone is open to the south and at depth.Exploration: As can be seen in the long section in both diagrams, the 3190 level is 140 meters above the deepest drill hole at Calla...