PPX Announces Excellent Test Work Results on Hole 7


Toronto – July 15, 2024 – PPX Mining Corp. (the “Company” or “PPX) is pleased to announce that leach and flotation tests were carried out by BaseMet Labs, Kamloops, British Columbia, Canada on oxide and sulfide material obtained from Hole number CA 24-07 to determine expected recoveries and deleterious elements in the concentrate to be produced by PPX.
 
As mentioned in previous releases, Hole number CA 24-07 from our latest exploration campaign intersected significant high-grade material with oxide mineralization at 12 g/t gold and 3000 g/t silver over 5.2 meters intercept length; and sulfide mineralization at 10.3 g/t gold, 1671 g/t silver and 4% copper, over 9.2 meters intercept length. The test work results are as follows:
Leach Test
Carried out with activated carbon present to simulate carbon in leach (CIL), as the material is known to be “preg-robbing”. The nominal grind was 80% passing 150 microns. An addition of sodium cyanide of 1.6 kg/t and Lime of 3.9 kg/t were used. Using pre-aeration and 48 hours leach time, the following results were obtained:

Flotation Tests
The grind was similar to the leach test (K80150 microns). A 3-minute conditioning time and 5-minute flotation time were utilized. Potassium amyl xanthate was used as collector (165 g/t in total) and MIBC as frother (182 g/t was used). The following results were obtained:

Potential Penalty Elements:

The feed to flotation was not analysed for copper, but the assay of the drill core delivered 4%. This suggests a high recovery of copper to concentrate, as would be expected.
Recoveries to concentrate were excellent, as would be expected from such high-grade feed and concentrate obtained, with low level of potential deleterious elements.
 
John Thomas, CEO, commented “we are delighted with the lab results of Hole 7. As demonstrated in previous test work, oxidized material delivered excellent recoveries of gold and silver, using CIL technology. In addition, flotation of the high-grade sulfide material also returned with excellent results showing high recoveries and low levels of penalty elements”.

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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements

This news release includes certain statements that may be deemed to be forward-looking statements or forward-looking information under applicable Canadian securities legislation (together, the “forward-looking statements”) that may not be based on historical fact, including without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential” and similar expressions. Forward-looking statements are necessarily based on estimates and assumptions made by management of the Company in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. All statements in this news release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Forward-looking statements include but are not limited to statements relating to the completion of the Offering, and TSX Venture Exchange approval of the Offering. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.com for further information.


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