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PX sees more deposits in Padcal, to extend mine life

24 Mar

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.

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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.

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

 

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