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PPX Mines 9,576 Tonnes Grading 9.70 gpt Au at Mina Callanquitas During Q3 2019
VANCOUVER, BC / ACCESSWIRE / February 5, 2020 / PPX Mining Corp. (the " Company " or " PPX "...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Mines 9,576 Tonnes Grading 9.70 gpt Au at Mina Callanquitas During Q3 2019VANCOUVER, BC / ACCESSWIRE / February 5, 2020 / PPX Mining Corp. (the \"Company\" or \"PPX\") is pleased to announce that over 9,576 tonnes of ore grading 9.70 gpt gold were mined and processed during calendar Q3 (July - September) 2019 at Mina Callanquitas, a rate of approximately 107 tonnes/day. In addition, 761 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 Q3 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 Q3 2019. PLP reports that 9,576 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 9.70 gpt gold. Gold recoveries from processing the mineralized rock at the Silver Cascas processing plant ranged from 76% to 85%, consistent with gold recoveries observed previously. A total of 2,311 ounces of gold was recovered by Silver Cascas during the period. To date, PPX has mined over 91,000 tonnes 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.Through the first nine months of 2019, Mina Callanquitas has produced 31,259 tonnes of ore grading 9.07 gpt gold. Total gold recovered by Sliver Cascas was 7,149 ounces. In addition, 2,182 metres of lateral development were completed during the first nine months of 2019 with the mine now open on five separate levels. The development is sufficient to support production at 350 tonnes/day. The Company expects to have final results available for Q4 2019 shortly.Brian J. Maher, President and CEO of PPX Mining Corp commented: \"The results for Q3 2019 continue to show higher than expected gold grades based on comparisons to our Resource and Reserve models. Progress has also b...