PPX Mining Intercepts High-Grade Gold, Silver and Copper at Callanquitas in Peru

01:17 PM EDT, 10/27/2026 (MT Newswires) -- PPX Mining's (PPX.V) underground diamond drilling program at the Callanquitas Mine located in Peru, intercepted "high-grade" gold, silver and copper, the company said in a statement on Tuesday. Drill hole CA-26-35 cut two mineralized sulfide zones with high grades of gold (au), silver (ag) and copper (cu), it said. The first intersection associated with the Tension vein returned 13.28 grams per tonne (g/t) Au, 5204.2 g/t Ag, and 5.4% Cu over 1.00 meters (m). The second intersection returned 8.91 g/t Au, 966.0 g/t Ag and 1.6% Cu over 0.6 m. Assay results were pending for the remaining 160 m of drill hole CA-26-35, it said. "The results from these three drill holes justify continued exploration, as the mineralization remains open to the North and at depth in both the Tension vein and Callanquitas East," said PPX Mining Chief Executive Officer Ernest Mast. "We have also begun drilling at Portachuelos with two rigs, and we expect to release the first results in the coming weeks." The company has planned a new drill chamber for 2027. It believes the location of the new drill chamber will allow better intercept angles and deeper drilling of the Tension vein. Shares of the company were last seen up 4.4% at CA$0.24 on the TSX Venture Exchange. Price: 0.24, Change: +0.01, Percent Change: +4.35