Silver X Mining Corp. (TSXV: AGX | OTCQB: AGXPF | F: AGX) has announced that it has filed an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101).
This report confirms the significant increase in the mineral resource estimate for the Nueva Recuperada Project located in Huancavelica, Peru announced on 26 February 2025.
The report reflects notable increases in both measured and indicated resources, as well as substantial growth in inferred resources, particularly at the Plata Mining Unit (PMU).
“The updated resource estimate for Nueva Recuperada confirms the strategic significance of the Plata Mining Unit within what is rapidly becoming one of the most relevant silver districts in South America,” said Jose M. Garcia, CEO of Silver X. “With a meaningful increase in high-grade resources and only a fraction of the district explored, the Plata Mining Unit is emerging as a foundational asset for Silver X. PMU together with our Tangana Mining Unit underscore the long-term potential of our District.”
Measured and indicated (M+I) resources increased by 18% in ore tonnage, from 3.61MT to 4.26MT, and a 70% growth in silver (Ag) contained within these categories, from 8.22Moz Ag to 14.00Moz Ag.
Inferred resources grew by +45% in tonnage, from 11.89MT to 17.18MT, with more than a 50% increase in contained silver, from 58.30Moz Ag to 88.00Moz Ag.
Additionally, indicated resources increased to 0.95MT at 6.11oz/ton Ag, with 5.81Moz of contained silver. Inferred resources at the Plata Mining Unit grew to 5.39MT at 4.82 oz/ton Ag, with 26.00Moz of contained silver.
The company has reported that this represents a significant increase in both grade and tonnage for the Plata Mining Unit, demonstrating the importance of PMU within the overall resource base of Nueva Recuperada.
Zinc contained in measured and indicated resources increased by +100%, from 45.9kT to 94.7kT. Lead (Pb) in measured and indicated resources grew by 25%, from 64.3kT to 80.1kT, reinforcing the multi-metal potential of the Nueva Recuperada Project.
To find out more, please visit www.silverxmining.com
To read more articles like this, please visit www.theassay.com
