BY REGINA CAPITAL DEVELOPMENT CORPORATION
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.
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.