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Higher Grade Ore from the Tangana Vein Leads to Further 57% Increase in Silver Equivalent Processed in August
VANCOUVER, BC / ACCESSWIRE / September 6, 2022 / SILVER X MINING CORP. (TSX-V:AGX) (OTCQB:AGX...
About this update from Silver X Mining Corp
[{"type":"text","content":"Higher Grade Ore from the Tangana Vein Leads to Further 57% Increase in Silver Equivalent Processed in AugustVANCOUVER, BC / ACCESSWIRE / September 6, 2022 / SILVER X MINING CORP. (TSX-V:AGX) (OTCQB:AGXPF) (F:WPZ) (\"Silver X\" or the \"Company\") is pleased to provide a monthly operational update for August 2022.August 2022 Highlights195,038 silver equivalent ounces* (AgEq) processed in August, a 57% increase from July 2022.Average processing plant head grade of 18.29 oz/t (568.77 g/t) AgEq* in AugustAugust processing plant metal calculated recoveries of 87% for silver, 80% for gold, 84% for zinc and 89% for leadIntercepted the Cauca vein with a cross-cut at the 650 Level and started its underground exploration and development.Cauca development will allow for the eventual doubling of active fronts at TanganaMine development focused on gold rich ore-shoots and prioritizing ore gradesAdvanced 327 meters of workings at Tangana, both in drifting along Tangana & Cauca veins, development ramps, and cross cutting.In August 2022 the head grade at the Recuperada processing plant averaged 18.29 oz/t AgEq*. Recoveries at the plant were 86.88% for silver, 79.94% for gold, 88.77% for lead and 83.88% for zinc based on mass balance calculations.*Note: Silver equivalent ounces for August were calculated using $1,766/oz Au, $19.8/oz Ag, $7,961/t Cu, $2,078/t Pb, $3,573/t Zn and does not consider metallurgical recoveries.Please see \"Cautionary Note regarding Production without Mineral Reserves\" at the end of this news release.In August 2022, Silver X continued to develop the Tangana 1 & 2 veins and intercepted the Cauca vein with a cross-cut at the 650 Level. Underground exploration and development at Cauca will allow for the eventual doubling of active fronts at Tangana. In the month, underground workings were extended by a further 327 meters.Furthermore, the elevated gold content in recovered concentrate continues to drive increasing sale values with overall concentrate grades exceeding initial expectations. The installation in the Recuperada plant of a new, centrifugal gravity circuit for the recovery of free gold is on track to start operating in September. The Recuperada plant's analytical lab is now conducting fire assays for gold, reducing reporting times of results by several days, increasing operational efficiency.Figure 1: Re...