PPX Announces Excellent Test Work Results on Hole 7
NEWS RELEASE; TSX.V PPX; BVL PPX
PPX Announces Excellent Test Work Results on Hole 7
Toronto – July 15, 2024 - PPX Mining Corp. (the “Company” or “PPX) is pleased to announce that leach
and flotation tests were carried out by BaseMet Labs, Kamloops, British Columbia, Canada on oxide and
sulfide material obtained from Hole number CA 24 -07 to determine expected recoveries and deleterious
elements in the concentrate to be produced by PPX.
As mentioned in previous releases, Hole number CA 24-07 from our latest exploration campaign intersected
significant high-grade material with oxide mineralization at 12 g/t gold and 3000 g/t silver over 5.2 meter s
intercept length; and sulfide mineralization at 10.3 g/t gold, 1671 g/t silver and 4% copper, over 9.2 meters
intercept length. The test work results are as follows:
Leach Test
Carried out with activated carbon present to simulate carbon in leach (CIL) , as the material is known to be
“preg-robbing”. The nominal grind was 80% passing 150 microns. An addition of sodium cyanide of 1.6 kg/t
and Lime of 3.9 kg/t w ere used . Using pre -aeration and 48 hours leach time , the following results were
obtained:
Flotation Tests
The grind was similar to the leach test (K80150 microns). A 3-minute conditioning time and 5-minute flotation
time were utilized. Potassium amyl xanthate was used as collector (165 g/t in total) and MIBC as frother (182
g/t was used). The following results were obtained:
Test Gold Silver Copper Carbon
Feed Assay (measured) g/t 11.8 2481 - 2.57
Recovery 97.1% 94.8% - 54.9%
Concentrate assay g/t and % 22.2 3558 8.10% 2.26%
Potential Penalty Elements:
Test Arsenic Mercury Bismuth Zinc Antimony Lead
PPM except for As 0.99% 3 349 2436 1411 114
The feed to flotation was not analysed for copper, but the assay of the drill core delivered 4%. This suggests
a high recovery of copper to concentrate, as would be expected.
Recoveries to concentrate were excellent , as would be expected f rom such high-grade feed and concentrate
obtained, with low level of potential deleterious elements.
Test Gold Silver
Feed Assay (measured) g/t 13.4 258.0
Recovery % 92.3 89.0
John Thomas, CEO, commented “we are delighted with the lab results of Hole 7. As demonstrated in previous
test work, oxidized material delivered excellent recoveries of gold and silver, using CIL technology. In
addition, flotation of the high-grade sulfide material also returned with excellent results showing high
recoveries and low levels of penalty elements”.
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statement:
This press release contains forward -looking information and forward -looking statements (collectively,
“forward-looking statements”) as such terms are defined by applicable securities laws, including, but not
limited to statements regarding test results, future plans or management estimates . Forward-looking
statements are statements that relate to future events. In this context, forward -looking statements often
address expected future business and financial performance and often contain words such as “anticipate,”
“believe,” “plan,” “estimate,” “expect,” and “intend,”, statements that an action or event “may,” “might,”
“could,” “should,” or “will” be taken or occur, or other similar expressions. Forward-looking statements are
subject to a number of known and unknown risks and uncertainties, many of which involve factors or
circumstances that are beyond the Company’s control, and the Company’s actual results could differ
materially from those stated or implied in forward -looking statements due to many various factors. Such
uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory
approvals in connection with this transaction . Although the Company believes that the expectations
reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events
and circumstances reflected in the forward -looking statements will be achieved or occur. The timing of
events and circumstances and actual results could differ materially from those projected in the forward -
looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All
forward-looking statements contained in this press release are made as of today’s date, and the Company
undertakes no obligation to update or publi cly revise any forward-looking statements, whether as a result
of new information, future events or otherwise, unless required by law.