PPX Mining Corp. (TSX-V | SSE | BVL: PPX; OTC: SNNGF; XFRA: 39S), Toronto, an exploration company focused on acquiring, exploring, and developing mineral properties through joint ventures, announced the start of a 2,300-meter diamond drilling program in coordination with its partner, Proyectos La Patagonia S.A.C. (PLP), at the Callanquitas mine in La Libertad.
The program is being carried out from inside the mine and targets intersections in the Callanquitas West breccia. The first two drill holes—CA-25-11, returned a grade of 2 m @ 3.83 g/t Au, including 0.8 m @ 6.86 g/t Au, and CA-25-12, with 1.9 m @ 5.87 g/t Au, including 0.65 m @ 14.30 g/t Au.
“The drilling program provides valuable information and confirms the continuity of the Callanquitas West structure”, said John Thomas, CEO of PPX Mining, highlighting the high-grade gold intercepts and the presence of FeOx minerals in both drill holes, which are vital for the metallurgical processing of the Callanquitas mine. “The company will continue drilling along this structure (Callanquitas West Breccia/Vein)”, he added.
He also announced that three more drill holes will be completed during Q2 2025 to define the geometry of the mineralized gold zone. In Q3 2025, they plan to drill the deeper sulfide vein with high grades of gold, silver and copper, aiming to replicate last year’s high-grade intercept from hole CA-24-07. This program will be carried out outside the rainy season.