PPX Mining Corp. has made significant advances in its drilling program at the Callanquitas mine in Peru, attracting strategic investment from Glencore to enhance its resource evaluation and operational capabilities.

Target Information

PPX Mining Corp., a Canadian mining company, recently announced significant progress in its diamond drilling program at the Callanquitas gold and silver mine located in La Libertad, Peru. This initiative is undertaken in collaboration with its partner, Proyectos La Patagonia SAC (PLP). The ongoing drilling campaign consists of 4,300 meters of drilling aimed at expanding the resource base in this promising region.

Recently completed drill holes CA-25-25 and CA-25-28 successfully intercepted gold and silver mineralization within the structures known as Callanquitas Este and the "tensional vein." However, two other drill holes encountered mechanical failures, preventing them from reaching their targets. Notably, drill hole CA-25-28 reported an intersection of 6.40 grams per tonne (g/t) gold and 384.1 g/t silver over a 3.15-meter segment, reinforcing the potential of the area as a viable mining site.

Industry Overview in Peru

The mining sector in Peru stands as a cornerstone of the country’s economy, contributing significantly to both GDP and employment. As a leading producer of silver and other precious metals, Peru attracts substantial fore