PX sees more deposits in Padcal, to extend mine life

24 Mar


Philex Mining Corp. (PX) said an assessment made at the 800-600 meter level of its Padcal mine revealed an additional 110.9-m tons of mineral resources.

Get FREE stock analysis, special reports and brokers’ recommendations!

PX currently operates in the 908-782 meter levels. Feasibility studies to mine within the 800-600 meter level.

PX said the additional find contained about 473-m lbs of copper and 1.34-m ounces of gold.

The company said this would extend the life of its Padcal mine beyond 2020.

Leave a comment

Posted by on March 24, 2015 in Corporate News, PX, Stock Market


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: