PPX Resumes Underground Test Mining and Bulk Sample Shipments from Mina Callanquitas
_____________________________________________________________________________________
NEWS RELEASE TSX.V PPX; BVL PPX
PPX RESUMES UNDERGROUND TEST MINING AND BULK SAMPLE
SHIPMENTS FROM MINA CALLANQUITAS
Vancouver, British Columbia – July 5, 2017 – PPX Mining Corp. (the "Company" or “PPX”) is
pleased to announce that PPX, in conjunction with our mining partners Proyectos La Patagonia (“PLP”),
have begun shipping stockpiled gold and silver mineralized bulk samples from Mina Callanquitas to the
Malin Plant of Silver Cascas S.A.C., where the Company processes its bulk samples. In addition, PLP has
restarted underground test mining at Mina Callanquitas as of July 1, 2017. PLP will be ramping up its
production capacity over the next several months allowing the Company to resume and accelerate its test
mining and bulk sampling program. The Company has been working closely with PLP and the local
community to restart test mining and resume the shipment of bulk samples:
• The local community of Callanquitas has agreed to provide fifty (50) people to work at Mina
Callanquitas supporting test mining, the Company’s exploration program, and the completion of
water irrigation canals at community sites. The Company has also positively engaged with the
communities that surround the road that connects the mine site with the town of Sayapullo and
the Malin Plant (“the Sayapullo Road”). The Sayapullo Road will be used as the main
operational infrastructure for mine access and bulk sample transport to the Malin Plant.
• The Company has completed preliminary maintenance work on the Sayapullo road that allowed
the resumption of bulk sample shipments to the Malin Plan t on July 2, 2017. Additional
maintenance and upgrades to the Sayapullo Road will continue through mid August 2017.
• PLP has begun preparing the Mina Callanquitas to implement a revised test mining plan that
anticipates mining 3,500 metric tonnes of bulk sample during calendar Q3 2017. The mine
preparations and development work will allow further expansion of mine capacity in anticipation
of the completion of a Prefeasibility Study (“PFS”) later this year.
Brian J. Maher, President and CEO of PPX Mining commented: “PPX is excited to resume underground
test mining at Mina Callanquitas and simultaneously resume shipments of bulk samples of gold and silver
mineralized material for processing at the Malin Plant. Together with our mining partners PLP, we intend
to increase the bulk sampling rate throughout the remainder of 2017, targeting 150 metric tonnes/day of
bulk sample by the end of calendar Q4 2017. This bulk sampling rate should be sufficient to complete
metallurgical test work and define the appropriate processing method(s) required for our PFS targeted for
the end of 2017”
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 silver using a 3.0 gpt gold equivalent cutoff
Page 2
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 Igor. The Company is accelerating its exploration program at
Igor 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 Consulting Geologist to PPX Mining Corp., who is a qualified person
under the definitions established by National Instrument 43-101.
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 nor its Regulation Services Provider (as that term is defined in t he 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 statements. Such uncertainties and risks are detailed from time to tim e 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 approvals or financing. There can be no assurance that such statement s 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.