Business
PPX Mines 21,682 Tonnes Grading 8.79 gpt Au at Mina Callanquitas During H1 2019
VANCOUVER, BC / ACCESSWIRE / August 13, 2019 / PPX Mining Corp. (TSXV:PPX) (the " Company " ...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Mines 21,682 Tonnes Grading 8.79 gpt Au at Mina Callanquitas During H1 2019VANCOUVER, BC / ACCESSWIRE / August 13, 2019 / PPX Mining Corp. (TSXV:PPX) (the \"Company\" or “PPX”) is pleased to announce that over 21,862 tonnes of ore grading 8.79 gpt gold were mined and processed during calendar H1 (January-June) 2019 at Mina Callanquitas, a rate of approximately 130 tonnes/day. In addition, 1,421 metres of lateral mine development and exploration were also completed during the quarter as the Company continues to focus on the development of underground mine infrastructure. Highlights of mining results for calendar H1 2019 are given below:The Company’s mining partner Proyectos La Patagonia S.A.C. (“PLP”) provided the Company with a detailed report on operations at Mina Callanquitas for calendar H1 2019. PLP reports that 21,682 tonnes of gold mineralized ore were shipped to the Malin Plant of Silver Cascas S.A.C. (“Silver Cascas”). The average gold grade of the ore was 8.79 gpt gold. Gold recoveries from processing the mineralized rock at the Silver Cascas processing plant ranged from 76% to 81%, consistent with gold recoveries observed previously. A total of 4,838 ounces of gold was recovered by Silver Cascas during the period. To date, PPX has mined over 81,000 tonnes o from the Measured and Indicated Resource at Mina Callanquitas which includes a portion of the project’s Mineral Reserves as defined in the Igor Pre-Feasibility Study (available on the Company’s website or SEDAR). PLP utilizes the proceeds from the sale of the mineralized material to advance underground development at Mina Callanquitas in anticipation of the expansion of the mining rate to 350 tonnes/day.The Company’s heap leach gold and silver recovery plant has been delayed several months while the company evaluates multiple business alternatives for the plant, including completing the plant as originally designed and described in the Igor Pre-Feasibility study versus seeking additional investment in the plant that allows for rapid future expansion.A new cross cut has been started on the 3290 level of Mina Callanquitas (“Crucero Don Manuel”) with the goal of cutting and developing both the main Callanquitas structure and Callanquitas Oeste (“West”). In this area, g...