PPX Appoints Paredes Operations Manager - Peru
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NEWS RELEASE TSX.V PPX; BVL PPX
PPX Appoints Paredes Operations Manager - Peru
Vancouver, British Columbia – May 8 , 2017 – PPX Mining Corp. (the " Company" or “ PPX”) is
pleased to announce the appointment of Hector Paredes Tarazona as Operations Manager – Peru. Hector
will oversee and mange all operational , engineering, and permitting aspects of the Company’s ongoing
bulk sampling and test mining program as well as f uture processing facilities at it’s Igor Project in
northern Peru.
Hector Paredes is a Peruvian born Professional Mining engineer, MSc, MBA , with over 28 years
experience in the mining industry . Hector has worked in production (Gold Fields, AECI, ICI, Or vana)
and as well as several global consulting companies (NOSA, IGH, IRCA, TWP, WorleyParsons)
throughout his career in a variety of positions including: Mining Engineer, Product Manager, Marketing
Manager, Senior consultant, Operations Manager, General Ma nager, Operations Director, Country
Manager, Regional Managing Director and Chief Operations Officer (COO). Hector’s broad experience
in mine operations, process engineering and project execution will benefit the Company as we continue
the development of the Igor Mine Project . As part of his compensation, Hector has been granted 600,000
incentive stock options pursuant to th e Company’s Stock Option Plan at a price of $0. 075 per share. The
options are exercisable for a period of five (5) years.
About PPX Mining Corp.: PPX Mining Corp. (PPX: TSX.V; BVL) is currently exploring and evaluating
mine development opportunities at its Igor Mine Project in Northern Peru. The Igor project explores
several high grade, gold and silver mineralized high -angle structures that host significant gold and silver
resources. The Callanquitas Structure at the Igor Project contains Inferred gold and silver resources of
7,189,000 tonnes grading 1.94 gpt gold and 71.8 gpt silver containing 448,500 ounces of gold and
16,600,000 ounces of silver at a cutoff grade of 1.5 gpt gold equivalent. Included within this resource
estimate is a higher grade zone consisting of 2,730,000 tonnes grading 2.73 gpt gold and 119.1 gpt silver
containing 239,400 ounces of gold and 10,500,000 ounces of s ilver using a 3.0 gpt gold equivalent cutoff
grade (Please see Technical Report as amended on September 27, 2013 entitled “Technical Report on the
Callanquitas Structure, Igor Mine Project, Northern Peru, South America”, available on the Company’s
web site or SEDAR). 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 Company has begun work on its underground test mining and bulk sampling program
which is designed to validate and upgrade the resource estimate, and generate data to evaluate the
possibility of future mine development at the Igor Mine Project. The Company is accelerating its
exploration program at the Igor Mine Project in order to fully evaluate the resource potential of the entire
Igor project area.
All scientific and technical information in this press release has been reviewed and approved by Quentin
J. Browne, P.Geo., Independent Consultin g Geologist to PPX Mining Corp. , who is a qualified person
under the definitions established by National Instrument 43-101.
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On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Phone: 1-530-913-4728
Email: [email protected]
Website: www.ppxmining.com
Cautionary Statement:
Neither the TSX Venture Exchange n or 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. Certain disclosure in this release, ma y
constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995
and Canadian securities legislation. In making the forward -looking statements in this release, the Company has applied certain
factors and assumptions that the Company believes are reasonable. However, the forward -looking statements in this release are
subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expr essed
or implied in such forward -looking state ments. Such uncertainties and risks are detailed from time to time in the Company's
filings with the appropriate securities commissions, and may include, among others, market conditions, and delays in obtaining or
failure to obtain required regulatory appr ovals or financing. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are
cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any
intention or obligation to, update or revise any forward -looking statements whether as a result of new information, future events
or otherwise, except as required by law.