PPX Mining Corp. is pleased to announce that RIVI Opportunity Fund LP has opted to convert US$500,000 principal amount of its current 5.00% secured convertible debenture of the Company, issued in connection with a restructuring of the Company's gold and silver purchase agreement with RIVI, as described below. The partial conversion will result in the issuance of 12.5 million common shares of the Company being issued to [...]
PPX Mining Corp. is pleased to announce that it has closed its fully-subscribed non-brokered private placement previously announced on March 20, 2024 for aggregate gross proceeds of $1,350,000 . The Offering involved the issue of 30,000,000 units at a price of $0.045 per Unit for gross proceeds to the Company of $1,350,000. Each Unit consisted of one common share of the Company and one common share purchase warrant [...]
PPX Mining Corp. is pleased to announce the results of test work carried out by BaseMet Laboratories, Kamloops, BC, Canada; carried out on the drill core obtained from drill hole CA-24-07, previously reported. As indicated on March 07, 2024, two intercepts were reported, one of an oxidized breccia with grades of 12.05 g/t gold and 300.9 g/t silver, over the 5.25 meters of drill intercept; and a second, of a sulfated vein [...]
PPX Mining Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$1,350,000 . The Offering involves the sale of up to 30,000,000 units at a price of $0.045 per Unit for gross proceeds of up to C$1,350,000. Each Unit will consist of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to [...]
PPX Mining Corp. is pleased to announced that, in preparation to the start of construction, the Company is actively working with UHY BSA Group to renew its accounting systems, update its operating platforms, organize budgeting and treasury activities, as well as to setup accounting and payroll outsourcing services. UHY BSA is the member firm in Peru of UHY International which is a top global network of auditing [...]
PPX Mining Corp. is pleased to announce that today, it has subscribed a letter of intent with Silver Crown Royalties Inc. for a silver royalty to complete project financing for the 350 tpd CIL and flotation plant that the Company intends to build. The plant will process oxide and sulfide ore, currently mined from its high-grade Callanquitas Mine , located in La Libertad, Peru. One of the Company's subsidiaries is in the [...]
PPX Mining Corp. is pleased to announce that in February 2024, the two diamond drill holes focused on Callanquitas East and its branches were completed, with a total of 376.4 meters drilled from an underground level chamber . The results from the first hole, CA-24-07, intercepted an oxidized breccia with grades of 12.05 g/t Au and 300.9 g/t Ag over 5.25 meters . This included a 3.15 meters intersection grading 19.70 g/t [...]
PPX Mining Corp. is pleased to announce that in January 2024, the first six diamond drill holes directed at Callanquitas West were completed, totaling 515.6 meters from an underground drilling chamber. Partial results for the first two holes, CA-23-01 and CA-23- 04, were reported in the press release dated January 10, 2024, which included 2.55 meters with grades of 8.14 g/t Au and 88 g/t Ag and 1.15 meters grading 8.74 [...]
PPX Mining Corp. is pleased to announce that on February 26, 2024 it filed at SEDAR+ its interim fiscal Q1 2024 Financial Statements and MDA. These information is available at www.sedarplus.ca. About PPX Mining Corp: PPX Mining Corp. , 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 Northern Peru gold belt in [...]
PPX Mining Corp. further to the press release dated January 8, 2024, PPX is pleased to announce that on February 17, 2024 it filed at SEDAR+ the NI 43-101 technical report denominated "Updated Mineral Resource Estimate of Callanquitas Gold-Silver Deposit and Potential of Igor Project". The technical study is available at www.sedarplus.ca. About PPX Mining Corp: PPX Mining Corp. is a Canadian-based mining company with [...]
PPX Mining Corp. ; further to our press release dated November 20, 2023, the Company on February 14, 2024, received from the regional authority of the Energy and Mines Ministry of Peru or Gerencia Regional de Energía, Minas e Hidrocarburos de La Libertad , the Regional Management Resolution number 000082-2024-GRLL-GGR-GREMH approving the amendment of the Environmental Impact Study for the IGOR Project beneficiation plant [...]
PPX Mining Corp. is pleased to announce that it has commenced its 2,500m diamond drilling program in coordination with Proyectos la Patagonia S.A.C. , a partner company. This drill program is carried out from inside the mine and the intercepts at Callanquitas West from the first 2 drillholes are 2.55 meters grading 8.14 grams per ton Au in the drill hole CA-23-01 and 1.15 meters grading 8.74 gpt Au in the drill hole [...]
