en.Wedoany.com Reported - Silver X Mining Corp. has acquired 100% interest in the Lily 19 mining right from Barrick Mining for $30,000, thereby obtaining full ownership of the Ccasahuasi gold project located in the Nueva Recuperada mining district in the Huancavelica region of central Peru.

The Ccasahuasi project hosts inferred mineral resources of 1,405,587 tonnes at a gold grade of 0.936 g/t, equivalent to 42,303 ounces of gold. The deposit occurs in volcanic rocks and belongs to a disseminated gold system, covering approximately 1,350 hectares within the Nueva Recuperada district. Based on geological mapping and over 1,200 surface samples collected since 2021, a central alteration zone of approximately 160 hectares has been identified. Within this area, Silver X has interpreted a gold and silver mineralized body with a thickness of about 40 meters.

Based on drill hole geometry and structural interpretation, the ore body remains open to the south and southwest, potentially extending beneath the Cauca and Tangana areas. With the consolidation of 100% ownership, Silver X can advance exploration at Ccasahuasi on its own timeline, no longer constrained by third-party mining rights. The company can also evaluate the possibility of integrating Ccasahuasi ore into the existing processing infrastructure at Tangana to develop a regional-scale gold resource base that complements silver and polymetallic production, positioning Nueva Recuperada as a diversified gold-silver platform.

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