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Silver X Announces Filing of Technical Report for the Nueva Recuperada Property Including the Tangana Mining Unit Extension PEA
VANCOUVER, BC / ACCESSWIRE / April 6, 2023 / Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF)(F:AGX...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Announces Filing of Technical Report for the Nueva Recuperada Property Including the Tangana Mining Unit Extension PEAVANCOUVER, BC / ACCESSWIRE / April 6, 2023 / Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF)(F:AGX) (\"Silver X\" or the \"Company\") reports that further to its news release dated February 14, 2023 (the \"Initial Release\"), it has filed pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") an independent technical report titled \"Nueva Recuperada, Huancavelica, Peru. Preliminary Economic Assessment\" (the \"Technical Report\") in connection with the Nueva Recuperada Property, including a preliminary economic assessment on the Tangana Mining Unit extension. The Technical Report prepared by LOM Consultants Ltd is dated April 4, 2023, with an effective date of October 31, 2022, and is available on SEDAR at www.SEDAR.com and on the Company's website at www.silverxmining.com.During the completion of the technical report the Company identified a typographical error in the mineral resource table that was included in the Initial Release (the \"Initial Table\"). While the Initial Table and the one included in the Technical Report both report the same tonnage, some non-material variation on the grades (which have been updated in the below table) were identified but these do not affect the overall results.Additionally, the effective date for the mineral resources included in the Initial Table was incorrectly noted as February 13, 2023, when the correct effective date as set out in the Technical Report is October 31, 2022.Table 1.1 - Nueva Recuperada Mineral Resources (effective date October 31, 2022) Tonnage GradesContained MetalCategoryMtAg (g/t)Au (g/t)Pb (%)Zn (%)AgEq(g/t)AgEq(Moz)Ag(Moz)Au(kOz)Pb(kt)Zn(kt)Total Measured1.9480.51.911.871.17347.1121.555.02119.0936.322.6Total Indicated1.6659.50.961.671.39250.0712.983.251.327.823.1Total M+I3.6170.821.471.781.27302.0134.928.04170.2864.145.7Total Inferred11.89152.50.311.721.79307.30117.5258.31119204.1213.3 Notes:The independent QP for the mineral resource estimate, as defined by NI 43‑101, is David Heyl, P.Geo. The effective date is October 31, 2022.The estimate is reported for an underground, conventional cut and fill scenario.The mineral resource estimate includes two resource models: 1) A block model defined fo...