PPX Mining to Modify Ei to Allow Construction of Merrill Crowe Plant
NEWS RELEASE; TSX.V PPX; BVL PPX
PPX MINING TO MODIFY EI TO ALLOW CONSTRUCTION OF MERRILL
CROWE PLANT
Toronto – February 6, 2023 – PPX Mining Corp. (the “ Company ” or “ PPX ”) announces that it has
engaged Asesores y Consultores Mineros S.A ., to prepare the application to modify the existing Semi-detail
Environmental Impact Study (“EI”) for a processing plant to treat ore from the Callanquitas mine, loca ted
in the Company’s Igor 4 concession.
A Peruvian subsidiary of the Company is currently permitted to build a heap leach beneficiation plant, but
after a careful inhouse review, management has decided to modify the plant configuration to a grind – tank
leach plant, as this ore processing method will ensure higher recoveries from the Callanquitas ore, estimated
to contain 4.66 g/t gold equivalent, according to the January 18, 2019 Pre-feasibility technical report.
Since 2016, the mine has been operated by Proyectos La Patagonia S.A.C. at about 3000 tons per month,
with an average gold grade of approximately 9 g/t.
The plant to be permitted will have a nominal capac ity of 350 tons per day and will consist of a two s tage
crushing, ball milling, cyanide leaching in tanks, followed by solid separation, using countercurrent
decantation and precipitation of gold and silver us ing zinc powder, the so called Merrill Crowe proces s.
This process will be used as the silver grade in th e mine increases with depth and recovery of silver using
activated carbon becomes no longer economically viable.
In addition, the Company has engaged Metallurgical Testing Services E.I.R.L to assist PPX staff in the
preparation of a conceptual flowsheet, mass balances and process description to be used in the preparation
of the revised EIA application.
John Thomas, Chief Executive Officer comments “This is the first step in converting our existing mining
operation into an integrated gold-silver one. It will eliminate high toll treatment and transport costs that will
translate into higher profitability and higher production levels.”
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 future plans or man agement estimates. Forward-looking statements are
statements that relate to future events. In this co ntext, forward-looking statements often address exp ected
future business and financial performance and often contain words such as “anticipate,” “believe,” “pl an,”
“estimate,” “expect,” and “intend,”, statements tha t an action or event “may,” “might,” “could,” “shou ld,”
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 o btain required regulatory approvals in connection w ith
this transaction. Although the Company believes tha t 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 occu r. The timing of events and circumstances and actua l
results could differ materially from those projecte d in the forward-looking statements. Accordingly, o ne
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 forward-looking statements, whe ther as a result of new information, future events or
otherwise, unless required by law.