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PPX Provides Q3 2018 Bulk Sampling Results for Mina Callanquitas
VANCOUVER, BC / ACCESSWIRE / November 15, 2018 / PPX Mining Corp. (the " Company " or '' PPX...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Provides Q3 2018 Bulk Sampling Results for Mina CallanquitasVANCOUVER, BC / ACCESSWIRE / November 15, 2018 / PPX Mining Corp. (the \"Company\" or ''PPX'') is pleased to announce that 7,772 tonnes of bulk sample grading 8.86 gpt gold were mined and processed during calendar Q3 (July-September) 2018 at Mina Callanquitas. In addition, 601 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 the bulk sampling results for calendar Q3 2018 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 2018. PLP reports that 7,772 tonnes of gold mineralized rock were shipped to the Malin Plant of Silver Cascas S.A.C. (''Silver Cascas''). The average gold grade of the mineralized material was 8.86 gpt gold. Gold recoveries from processing the mineralized rock at the Silver Cascas processing plant ranged from 71.0% to 90%, consistent with gold recoveries observed in previous bulk samples. Since the inception of the test-mining program, PPX has bulk-sampled over 38,764 tonnes of mineralized material from the previously defined Inferred Resource at Mina Callanquitas. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.The information in this press release and the test-mining/bulk sampling program do not represent a decision by the Company to commence commercial production at the Igor Project. The test-mining/bulk sampling program is designed to gather the required data to produce an accurate economic evaluation in the Company's Pre-Feasibility Study.Pre-Feasibility Study Update:The schedule for completing the Company's Pre-Feasibility Study (''PFS'') for the Igor Project has shifted due to the process of optimizing the project's operational costs (''OPEX'').The PPX team, working with our independent mining and metallurgical engineers, identified several areas in both mining and processing where total OPEX could be significantly reduced. The lower costs impact and lower mining cut-off grades necessitating a revision to the mine plan and sc...