PPX Mining Corp V.PPX

Alternate Symbol(s): SNNGF

Metals & Mining Gold

PPX Mining Corp. is a Canadian exploration and development company with assets in northern Peru. The Igor Project, the Company's 100% owned property, comprises four of concessions of about 1,300 hectares and is located in the prolific Northern Peru gold belt in eastern La Libertad Department. The project is part of the Oligocene - Pliocene Gold-Silver Epithermal Belt. The Company is engaged in concentrating on the expansion and development of the Callanquitas structurally controlled high-grade gold and silver mineralization while simultaneously evaluating the potential for bulk-mineable, low-grade gold and silver mineralization at Tesoros and Portachuelos, targets that can expand the precious metal resource base at Igor. The Igor Project is a district scale project with the potential for multiple gold and silver deposits. Its subsidiaries consist of Sienna Minerals S.A.C. and Agraria Huaranchal S.A.C.

TSXV:PPX - Post by User

PPX Mining Corp

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Post by InkaGoldon Mar 20, 2024 4:15pm

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Post# 35943593

PPX Mining Private Placement For C$1.35 M (Mar 20, 2024)

The Offering involves the sale of up to 30,000,000 units (the "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 acquire one common share of the Company at a price of $0.07 for a period of 24 months from the date of closing. The Company intends to use the proceeds from the Offering to finance further exploration in surrounding areas of hole CA-24-07 of Callanquitas East at the Igor project and working capital. As mentioned in the March 7, 2024 press release, results from this hole delivered up to 33.08 g/t Au, 8174.2 g/t Ag and 13.1% Cu.

PPX Mining Announces Private Placement For Up To C$1.35 Million (tmx.com)

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