Silver X Mining Corp. Announces Significant Increase in Mineral Resources at Nueva Recuperada Property
VANCOUVER, BC, February 26, 2025 – Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) (“Silver X” or the “Company”), an emerging silver producer-developer based in Huancavelica, Peru, is thrilled to unveil an updated mineral resource estimate for its Nueva Recuperada Property. This Technical Report adheres to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and signifies a substantial enhancement in resources for the Plata Mining Unit, formerly known as Esperanza.
Expanded Resources at Plata Mining Unit
The updated mineral resource estimate reveals a substantial increase in resources at the Plata Mining Unit, with the following key improvements:
- Measured and Indicated Resources increased by 38% to 7.4 million tonnes at an average grade of 128 g/t Ag
- Inferred Resources increased by 129% to 14.3 million tonnes at an average grade of 106 g/t Ag
- Total Resources increased by 56% to 21.7 million tonnes at an average grade of 121 g/t Ag
These impressive growth figures are a testament to Silver X’s relentless exploration efforts and commitment to expanding its resource base in Peru.
Impact on Silver X and the Global Silver Market
The enhanced mineral resource estimate represents a significant boost to Silver X’s silver production potential. With the increased resources, the Company is well-positioned to strengthen its production profile and further solidify its position as a leading silver producer in the region.
On a global scale, the growing silver resources at Nueva Recuperada contribute to the overall supply of silver, which is expected to support the stability of the global silver market. Silver is an essential metal used in various industries, including electronics, solar panels, and jewelry, making its supply an essential factor for numerous sectors.
Conclusion
Silver X Mining Corp.’s updated mineral resource estimate at its Nueva Recuperada Property in Huancavelica, Peru, demonstrates the Company’s ongoing exploration success and dedication to expanding its resource base. The substantial growth in resources at the Plata Mining Unit will enable Silver X to increase its silver production potential, solidifying its position as a leading silver producer in the region. Moreover, the expanded resources contribute to the global silver market, providing a stable supply of this crucial metal for various industries.
Investors and stakeholders can look forward to Silver X’s continued growth and success as the Company continues to explore and develop its mineral resources in Peru.
About Silver X Mining Corp.
Silver X Mining Corp. is a Canadian-based silver producer-developer with a focus on Peru. The Company is committed to creating value through the acquisition, exploration, and development of quality mineral resources. Silver X’s primary asset is the Nueva Recuperada Property, which includes the Plata Mining Unit, in Huancavelica, Peru.
