PPX Mining Obtains Significant Metallurgical LAB Results from Sulfide ORE
NEWS RELEASE; TSX.V PPX; BVL PPX
PPX MINING OBTAINS SIGNIFICANT METALLURGICAL LAB RESULTS
FROM SULFIDE ORE
Toronto – March 23, 2023 – PPX Mining Corp. (the “ Company ” or “ PPX ”) PPX is pleased to announce
excellent results of a first metallurgical test of sulfide ore. The samples used come from 3 diamond d rill
holes carried out between 2010-2012 in the southern section of the Callanquitas East mineralized brecc ia
below the 3200 elevation. Current oxide mining acti vities are to the north. Historically, the Callanq uitas
deposit has been focused on this oxidized ore, and these first metallurgical results on sulfide ore a re
encouraging due to the high recoveries of both gol d and silver, as well as the elevated silver conten t
compared to the oxide ore. As of today, there are o nly 5 drill holes with sulfide information in the
Callanquitas Este breccia and only 2 drill holes in the Callanquitas Oeste breccia. These drill holes were
validated in the 2018-2019 pre-feasibility study. Further exploration will be carried out in the near future.
A composite was made from 3 samples associated to elevation 3150-3200, assaying 5.39 gr/t gold and 970
gr/t silver. Base Met Laboratories from Kamloops, British Columbia, Canada grounded this composite to a
nominal 80% passing 75 microns. Gravity concentrati on was used, followed by flotation with a strong
xanthate collector. The results showed a recovery t o concentrate of 94.1% of the gold and 96.9% of the
silver. The concentrate assayed 20 gr/t gold and 3720 gr/t silver .
John Thomas, Chief Executive Officer commented “very significant outcome from our sulfide ore. Eve n
though more drilling will be required, these impressive initial results show interesting potential for a salable
concentrate containing gold and elevated silver values”.
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern
Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in the prolific Nort hern
Peru gold belt in eastern La Libertad Department.
All scientific and technical information in this pr ess release has been reviewed and approved by John
Thomas, P. Eng., who is a qualified person under the definitions established by National Instrument 43-101.
On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.
Cautionary Statement:
This press release contains forward-looking informa tion 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, futur e plans or management estimates. Forward-looking
statements are statements that relate to future eve nts. In this context, forward-looking statements of ten
address expected future business and financial perf ormance and often contain words such as “anticipate ,”
“believe,” “plan,” “estimate,” “expect,” and “inten d,”, statements that an action or event “may,” “mig ht,”
“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. Suc h
uncertainties and risks include, among others, dela ys in obtaining or inability to obtain any required
regulatory approvals, if applicable. Although the C ompany believes that the expectations reflected in the
forward-looking statements are reasonable, the Comp any 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 m aterially from those projected in the forward-looki ng
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 publicly revise any forw ard-looking statements, whether as a result of new
information, future events or otherwise, unless required by law.