Business
PPX Began the Drilling in the Callanquitas West Area in the Underground Mine, Obtaining 14.30 g/t Au over 0.65 m in CA-25-12, and 6.86 g/t Au over 0.8 m in CA-25-11
TORONTO, ON / ACCESS Newswire / May 13, 2025 / PPX Mining Corp. (the "Company" or "PPX") is ...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Began the Drilling in the Callanquitas West Area in the Underground Mine, Obtaining 14.30 g/t Au over 0.65 m in CA-25-12, and 6.86 g/t Au over 0.8 m in CA-25-11TORONTO, ON / ACCESS Newswire / May 13, 2025 / PPX Mining Corp. (the \"Company\" or \"PPX\") is pleased to announce that it has commenced its 2,300 meters diamond drilling program in coordination with Proyectos la Patagonia S.A.C. (PLP), a partner company. This drill program is carried out from inside the mine and the intercepts at Callanquitas West breccia from the first 2 drillholes are 2.00 meters grading 3.83 g/t Au and included is 6.86 g/t Au over 0.8 meters in the drill hole CA-25-11, and in CA-25-12 grading 5.87 g/t Au over 1.9 meters included is 14.30 g/t Au over 0.65 meters.The drill hole CA-25-11 was oriented at N229° and Dip -27°; and drill hole CA-25-12 was oriented N303° dipping -11° (See Plan view - Figure 1, and Sections Figure 2 and 3). The first 204.5 meters of drill hole CA-25-11 was drilled with HQ3 drill size, but the last interval from 204.5 to 226.65 was drilled with NQ3 as the rock was very fractured. The first 256.3 meters of CA-25-12 again was drilled using HQ3 but then the final interval to 364.5 meters was drilled with NQ3 due to the fractured nature of the rock. The drill holes CA25-11 and CA-25-12 intersected the Callanquitas West Breccia and the zone of dispersed mineralization, see the intersections of mineralized zones below in the Table 1:Table 1.Drill HoleFrom (m)To (m)Length (m)*Average GradesBreccia/Veintotal depth (m)Orientation & DipAu (g/t)Ag (g/t)Au Eq (g/t) **CA-25-11196.70198.702.003.8311.903.94Callanquitas W (Oxides)226.65229 / -27Included196.7197.50.806.8613.106.98 CA-25-11192.00202.0010.001.1136.221.43Callanquitas W (Mineralization dispersion) CA-25-12279.55281.001.95.877.55.93Callanquitas W (Oxides)364.5303 / -11Included279.10281.00.6514.313.514.42 CA-25-12275.00282.007.001.7720.681.95Callanquitas W (Mineralization dispersion) * True Width (\"TW\") is approximately 70% of the drill width.** Au Eq price at: Au US$/Oz 3300 Ag US$/Oz30The drillholes intercepted the Callanquitas W structure, located in the northern area of ​​the historic drilling, and carried out in 2017 and 2024. The location of the intercepts CA-25-11 are located 75 meters north of the drill hole CA-23-02 and 45 meters s...