American Marconi Wireless News - PPX Mining Continues Advancing Construction of Its Gold and Silver Processing Plant

Leaching Area

The civil works for the leaching area have been completed, and the installation of tanks, managed by JPC Ingenieros, has begun. All metal-mechanical materials are 100% purchased and delivered to site. Welding and assembly of the first four tanks are being finalized, while the bases for the remaining four tanks are underway, with completion expected by mid-December.

Crushing Area

All equipment has been fabricated, and the majority is already on site, except for the fine ore hopper, which is currently being transported from Lima to the project site. The containment wall for the coarse ore hopper has been redesigned and will now be built in reinforced concrete.

Milling Area

Both mills have been installed and aligned, including their drive systems. Installation of the pump boxes for mill discharge and the associated pumps is in progress. The level control system for the pump feed boxes has been ordered and is pending delivery. The cyclone tower and both cyclone assemblies are now in place. Measurements of the mill liners have been taken for local fabrication of spare parts in Peru.

Reagent Preparation Area

All civil works have been completed, and all reagent supply pumps are on site. The largest reagent preparation tanks have been fabricated and are being transported to the project.

Flotation Area

All equipment has been delivered to site, and civil works for the flotation cells are in progress. The concentrate thickener installation is approximately 50% complete, and the filter press foundations have been completed, with installation now underway.

Desorption Area

All desorption equipment has been fabricated in Lima and will be transported to site once the ongoing civil works are completed.

Geotube Tailings Storage Area

The earthworks are finished, and the installation of the drainage system is about to begin. The first shipment of geotextiles and geomembranes, purchased from China, has arrived in Peru and is being transported to the project site.

Metallurgical Laboratory

Major laboratory equipment has been purchased and is awaiting completion of the civil works, which began last week. The laboratory structure will be built with drywall and concrete, and is currently in the foundation and slab preparation stage. The facility will cover 200 m² and will analyze both plant and mine samples.

Security Perimeter Wall

The first 370 meters of prefabricated concrete wall have been installed, representing 20% completion of the total perimeter. The wall is expected to be fully completed by year-end.

John Thomas, CEO of PPX Mining Corp. commented: "The ongoing progress we are achieving at the Igor Plant reflects the dedication of our entire team and our commitment to transforming PPX into a fully integrated gold producer. Construction is advancing across all key areas, from leaching and milling to auxiliary facilities, ensuring that every component meets the highest technical and environmental standards. This is an important phase for PPX as we build the foundation for future gold and silver production growth and create lasting value for our shareholders, employees, and local communities."

About PPX Mining Corp:

PPX Mining Corp. (TSX.V: PPX.V, SSE: PPX, BVL: PPX) is a Canadian exploration and development company with assets in northern Peru. The Company's 100% owned Igor gold and silver project is located in the prolific northern Peruvian gold belt in the department of La Libertad. PPX is pursuing a two-pronged strategy to further develop and explore Project Igor. The Callanquitas structure is open along strike and at depth. Parallel structures have not yet been explored. The new discoveries in Portachuelos in 2018, as well as the exploration targets in Domo and Tesoros, show that the Igor Project is becoming a district-scale project with multiple deposits and mineralized zones. Evaluating mineral development alternatives in parallel with exploration drilling will provide dual catalysts for growth and increased shareholder value.

All scientific and technical information in this press release has been reviewed and approved by John Thomas, P. Eng., who is the CEO of the Company and a qualified person under the definitions established by National Instrument 43-101.

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.

Cautionary Statement

This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding test results, future plans or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory approvals in connection with this transaction. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

SOURCE: PPX Mining Corp.

View the original press release on ACCESS Newswire

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