Overview
Stage | Production |
Mine Type | Underground |
Commodities |
|
The Company is in the process of developing the Callanquitas Mine and building a heap leach processing facility; as such the Company is dependent on external financing to fund its planned activities.
PPX has not declared commercial production at Mina Callanquitas. Nonetheless, increasing metal prices and mine productivity, coupled with superior toll milling contracts, have all contributed to the increasing revenue derived from operations at Mina Callanquitas. |
Source:
p. 20
PPX Mining Corp. (Company), through its subsidiary Sienna Minerals S.A.C., has a 100% interest in the Igor Project, located in Northern Peru. The Igor Project totals approximately 1,300 hectares on four concessions.
The Callanquitas Mine was developed and built by Proyectos La Patagonia S.A.C. (“Patagonia”) upon the execution, in 2014, of a Mining Assignment Agreement with Sienna Minerals S.A.C., the Peruvian subsidiary of PPX. Pursuant to the Agreement, PPX, through its Peruvian subsidiary, Sienna Minerals S.A.C., granted to Patagonia rights under Peruvian law to the Igor 4 mining concession, site of the Callanquitas resource, until June 7, 2024.
During the term of the Agreement, only Patagonia is authorized to mine, extract and to commercialize minerals from the concession. Patagonia also controls mining operations at the Callanquitas Mine, which was built and developed by Patagonia within the area of the Igor 4 mining concession.
Contractors
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Deposit Type
- Epithermal
- Vein / narrow vein
- Breccia pipe / Stockwork
- Porphyry
Summary:
Mineralization within the property often occurs at the transition zone from Chimú up into the Santa and Carhuez rocks. There is a spatial association of dacite porphyry dikes emplaced within structural breccias with both structural and manto-style mineralization.
The Callanquitas veins (Callanquitas Este, Callanquitas Oeste and Cianuro) occur within a north south striking zone of multiple, anastomosing to divergent faults that extends over a length of 2,400 meters.
Individual veins can be up to 1.5km long with thicknesses between 0.2 to 8.2m. The Callanquitas structures are open along strike to the south and north and also at depth. The Callanquitas mineralization is considered an intermediate-sulfidation type, consisting of mineralized structural breccias that originally contained variable quantities of pyrite, arsenopyrite, and minor chalcopyrite. These sulfide minerals were subsequently strongly oxidized to significant depths. The primary mineralized structures (Callanquitas Este and Oeste structures), are nearly vertical and steep westerly dips are common.
The structures cut through a sequence of sandstone, siltstone and quartzite. The silicified sandstone and quartzite units were more amenable to brecciation and therefore more favorable for migrating hydrothermal fluids and mineralization. The dacite intrusive rocks are generally argillically-altered and although the mineralized structures cut through the dacite, the general lack of brec ........

Summary:
Ore is processed at Planta Las Lomas (“Las Lomas”), located in the Department of Piura, Peru.
Reserves at December 3, 2018:
Mineral Resources are tabulated on a gold-equivalent (“AuEq”) cutoff grade of 2.0g AuEq/t.
Category | OreType | Tonnage | Commodity | Grade | Contained Metal |
Proven
|
Oxide
|
8,000 t
|
Gold
|
4.56 g/t
|
1,000 oz
|
Proven
|
Oxide
|
8,000 t
|
Silver
|
32.3 g/t
|
8,000 oz
|
Proven
|
Oxide
|
8,000 t
|
Gold Equivalent
|
4.74 g/t
|
1,000 oz
|
Probable
|
Oxide
|
1,022,000 t
|
Gold
|
4.09 g/t
|
134,000 oz
|
Probable
|
Oxide
|
1,022,000 t
|
Silver
|
104.6 g/t
|
3,437,000 oz
|
Probable
|
Oxide
|
1,022,000 t
|
Gold Equivalent
|
4.66 g/t
|
153,000 oz
|
Proven & Probable
|
Oxide
|
1,030,000 t
|
Gold
|
4.1 g/t
|
136,000 oz
|
Proven & Probable
|
Oxide
|
1,030,000 t
|
Silver
|
104.1 g/t
|
3,445,000 oz
|
Proven & Probable
|
Oxide
|
1,030,000 t
|
Gold Equivalent
|
4.66 g/t
|
154,000 oz
|
Measured
|
Oxide
|
109,000 t
|
Gold
|
5.32 g/t
|
19,000 oz
|
Measured
|
Oxide
|
109,000 t
|
Silver
|
61.7 g/t
|
215,000 oz
|
Measured
|
Oxide
|
109,000 t
|
Gold Equivalent
|
5.59 g/t
|
20,000 oz
|
Indicated
|
Oxide
|
1,361,000 t
|
Gold
|
4.67 g/t
|
204,000 oz
|
Indicated
|
Oxide
|
1,361,000 t
|
Silver
|
113.4 g/t
|
4,962,000 oz
|
Indicated
|
Oxide
|
1,361,000 t
|
Gold Equivalent
|
5.17 g/t
|
226,000 oz
|
Measured & Indicated
|
Oxide
|
1,470,000 t
|
Gold
|
4.72 g/t
|
223,000 oz
|
Measured & Indicated
|
Oxide
|
1,470,000 t
|
Silver
|
109.5 g/t
|
5,177,000 oz
|
Measured & Indicated
|
Oxide
|
1,470,000 t
|
Gold Equivalent
|
5.21 g/t
|
246,000 oz
|
Inferred
|
Sulphide
|
269,000 t
|
Gold
|
2.97 g/t
|
26,000 oz
|
Inferred
|
Oxide
|
344,000 t
|
Gold
|
4.58 g/t
|
51,000 oz
|
Inferred
|
Sulphide
|
269,000 t
|
Silver
|
159.1 g/t
|
1,378,000 oz
|
Inferred
|
Oxide
|
344,000 t
|
Silver
|
124.6 g/t
|
1,376,000 oz
|
Inferred
|
Sulphide
|
269,000 t
|
Gold Equivalent
|
3.68 g/t
|
32,000 oz
|
Inferred
|
Oxide
|
344,000 t
|
Gold Equivalent
|
5.13 g/t
|
57,000 oz
|
Financials:
| Units | 2021 |
Revenue
|
M CAD
| ......  |
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