PPX Continues Drilling at the Mine (underground), Intersecting in the Tension Vein a Zone 0.70 m Grading 9.66 g/t Au and 1432 g/t Ag; and in the Mixed Zone on Callanquitas East 1.0 m Grading 3.06 g/t Au and 1354 g/t Ag

Original announcement by tmx on

Company
PPX Mining Corp.
Ticker
PPX
Exchange
TSX
Region
La Libertad, Peru
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results
Extracted
2026-09-14 18:57:30 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

PPX Mining Corp. has reported drill results from its Igor project in Peru, highlighting high-grade gold and silver intercepts in the Tension Vein and Callanquitas East. While the program confirmed continuity of mineralization, two holes (CA-25-26 and CA-25-27) were not completed due to mechanical issues.

Reasoning: The release reports several high-grade gold and silver intercepts that confirm continuity of known structures and extend mineralization into new oxide zones, though mechanical issues limited the program's full scope.

Positive factors

  • High-grade silver and gold intercepts in the Tension Vein
  • Continuity of mineralization confirmed north and south of historical DDH 07
  • Discovery of new oxide mineralization at the end of CA-25-24
  • QA/QC protocols clearly disclosed including blanks, standards, and duplicates

Negative factors

  • Mechanical problems prevented completion of holes CA-25-26 and CA-25-27
  • True width is only approximately 70% of drill width

Facts used in scoring: 14

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release includes details on blanks, standards, and duplicates being inserted every 5 samples.

Evidence · text

“Blanks, standards and duplicate are inserted approximately every 5 samples”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The 0.70 m intercept in CA-25-28 grades 9.66 g/t Au and 1432 g/t Ag, which is exceptionally high grade.

Evidence · text

“9.66 g/t Au and 1432 g/t Ag”

Extracted facts

Stored fact records: 14. Some facts used in scoring do not have a stored record.

Drill Results (14)

CA-25-28Igor · goldGrade: 6.4Grade Unit: g/tIntercept: 3.15 mView all details
Link to this fact

Identity

Hole ID
CA-25-28
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
6.4
Grade Unit
g/t
Intercept
3.15 m
From
142.8 m
To
145.95 m
Hole Depth
179.5 m
Intercept Depth
142.8 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-28:142.8-145.95
Mining Method
underground

Location

Location
Tensional I (Mixed)
Azimuth
40 °
Dip
-43 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 6.40 g/t Au over 3.15m is a strong intercept for an underground target.

Positive factors

  • Strong gold grade over 3m

Evidence · table

“6.40”

Context: 3.15

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-28Igor · silverGrade: 384.1Grade Unit: g/tIntercept: 3.15 mView all details
Link to this fact

Identity

Hole ID
CA-25-28
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
384.1
Grade Unit
g/t
Intercept
3.15 m
From
142.8 m
To
145.95 m
Hole Depth
179.5 m
Intercept Depth
142.8 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-28:142.8-145.95
Mining Method
underground

Location

Location
Tensional I (Mixed)
Azimuth
40 °
Dip
-43 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 384.1 g/t Ag is a significant byproduct grade.

Positive factors

  • High silver grade

Evidence · table

“384.1”

Context: 3.15

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-28Igor · goldGrade: 9.66Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
CA-25-28
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
9.66
Grade Unit
g/t
Intercept
0.7 m
From
145.25 m
To
145.95 m
Hole Depth
179.5 m
Intercept Depth
145.25 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-28:145.25-145.95
Mining Method
underground

Location

Location
Tensional I (Mixed)
Azimuth
40 °
Dip
-43 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 9.66 g/t Au is a high-grade intercept, though the width is narrow at 0.7m.

Positive factors

  • Bonanza grade intercept

Negative factors

  • Narrow width

Evidence · table

“9.66”

Context: 0.70

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-28Igor · silverGrade: 1432Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
CA-25-28
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
1432
Grade Unit
g/t
Intercept
0.7 m
From
145.25 m
To
145.95 m
Hole Depth
179.5 m
Intercept Depth
145.25 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-28:145.25-145.95
Mining Method
underground

Location

Location
Tensional I (Mixed)
Azimuth
40 °
Dip
-43 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 1432 g/t Ag is an exceptional silver grade.

Positive factors

  • Exceptional silver grade

Evidence · table

“1432.00”

Context: 0.70

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-25Igor · goldGrade: 1.18Grade Unit: g/tIntercept: 3.6 mView all details
Link to this fact

Identity

Hole ID
CA-25-25
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
1.18
Grade Unit
g/t
Intercept
3.6 m
From
97.3 m
To
100.9 m
Hole Depth
201 m
Intercept Depth
97.3 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-25:97.3-100.9
Mining Method
underground

Location

Location
Callanquitas East (Mixed)
Azimuth
80 °
Dip
-47 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 1.18 g/t Au is a moderate grade for this target.

Evidence · table

“1.18”

Context: 3.60

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-25Igor · silverGrade: 458.8Grade Unit: g/tIntercept: 3.6 mView all details
Link to this fact

Identity

Hole ID
CA-25-25
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
458.8
Grade Unit
g/t
Intercept
3.6 m
From
97.3 m
To
100.9 m
Hole Depth
201 m
Intercept Depth
97.3 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-25:97.3-100.9
Mining Method
underground

Location

Location
Callanquitas East (Mixed)
Azimuth
80 °
Dip
-47 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 458.8 g/t Ag is a strong silver grade.

Positive factors

  • Strong silver grade

Evidence · table

“458.8”

Context: 3.60

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-25Igor · goldGrade: 3.06Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
CA-25-25
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
3.06
Grade Unit
g/t
Intercept
1 m
From
97.3 m
To
98.3 m
Hole Depth
201 m
Intercept Depth
97.3 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-25:97.3-98.3
Mining Method
underground

Location

Location
Callanquitas East (Mixed)
Azimuth
80 °
Dip
-47 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 3.06 g/t Au is a decent grade for a sub-interval.

Evidence · table

“3.06”

Context: 1.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-25Igor · silverGrade: 1354Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
CA-25-25
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
1354
Grade Unit
g/t
Intercept
1 m
From
97.3 m
To
98.3 m
Hole Depth
201 m
Intercept Depth
97.3 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-25:97.3-98.3
Mining Method
underground

Location

Location
Callanquitas East (Mixed)
Azimuth
80 °
Dip
-47 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 1354 g/t Ag is an exceptional silver grade.

Positive factors

  • Exceptional silver grade

Evidence · table

“1354.00”

Context: 1.00

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-25Igor · goldGrade: 4.4Grade Unit: g/tIntercept: 1.25 mView all details
Link to this fact

Identity

Hole ID
CA-25-25
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
4.4
Grade Unit
g/t
Intercept
1.25 m
From
157.15 m
To
158.4 m
Hole Depth
201 m
Intercept Depth
157.15 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-25:157.15-158.4
Mining Method
underground

Location

Location
Tensional I (Sulfide)
Azimuth
80 °
Dip
-47 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 4.40 g/t Au is a strong intercept for a sulfide vein.

Evidence · table

“4.4”

Context: 1.25

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-25Igor · silverGrade: 46.7Grade Unit: g/tIntercept: 1.25 mView all details
Link to this fact

Identity

Hole ID
CA-25-25
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
46.7
Grade Unit
g/t
Intercept
1.25 m
From
157.15 m
To
158.4 m
Hole Depth
201 m
Intercept Depth
157.15 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-25:157.15-158.4
Mining Method
underground

Location

Location
Tensional I (Sulfide)
Azimuth
80 °
Dip
-47 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 46.7 g/t Ag is relatively low compared to other intercepts.

Evidence · table

“46.7”

Context: 1.25

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-24Igor · goldGrade: 2.69Grade Unit: g/tIntercept: 2.9 mView all details
Link to this fact

Identity

Hole ID
CA-25-24
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
2.69
Grade Unit
g/t
Intercept
2.9 m
From
171.6 m
To
174.5 m
Hole Depth
212.5 m
Intercept Depth
171.6 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-24:171.6-174.5
Mining Method
underground

Location

Location
Oxide
Azimuth
66 °
Dip
-50 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 2.69 g/t Au in an oxide zone is a positive discovery.

Positive factors

  • New oxide mineralization discovered

Evidence · table

“2.69”

Context: 2.90

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-24Igor · silverGrade: 10.2Grade Unit: g/tIntercept: 2.9 mView all details
Link to this fact

Identity

Hole ID
CA-25-24
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
10.2
Grade Unit
g/t
Intercept
2.9 m
From
171.6 m
To
174.5 m
Hole Depth
212.5 m
Intercept Depth
171.6 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-24:171.6-174.5
Mining Method
underground

Location

Location
Oxide
Azimuth
66 °
Dip
-50 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 10.2 g/t Ag is a low silver grade.

Evidence · table

“10.2”

Context: 2.90

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-24Igor · goldGrade: 4.69Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
CA-25-24
Project
Igor
Commodity
gold
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
4.69
Grade Unit
g/t
Intercept
0.7 m
From
171.6 m
To
172.3 m
Hole Depth
212.5 m
Intercept Depth
171.6 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-24:171.6-172.3
Mining Method
underground

Location

Location
Oxide
Azimuth
66 °
Dip
-50 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 4.69 g/t Au is a good grade for an oxide sub-interval.

Evidence · table

“4.69”

Context: 0.70

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

CA-25-24Igor · silverGrade: 15.6Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
CA-25-24
Project
Igor
Commodity
silver
Region
peru
Reported Region
peru
Ticker
PPX

Geometry

Grade
15.6
Grade Unit
g/t
Intercept
0.7 m
From
171.6 m
To
172.3 m
Hole Depth
212.5 m
Intercept Depth
171.6 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
CA-25-24:171.6-172.3
Mining Method
underground

Location

Location
Oxide
Azimuth
66 °
Dip
-50 °
Loc. Source
document

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-01-07T00:00:00.000Z

Reasoning: 15.6 g/t Ag is a low silver grade.

Evidence · table

“15.60”

Context: 0.70

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.