Silver X Mining Acquires Full Ownership of Ccasahuasi Gold Project From Barrick Mining

Deal Summary

Silver X Mining completed the acquisition of the Lily 19 mining concession, gaining full ownership of the Ccasahuasi gold project in central Peru from Barrick Mining. The transaction involved staged cash payments totaling $30,000 and a net smelter return royalty with a partial buyback provision. The deal adds a 1.4 Mt inferred resource of 42,303 oz gold adjacent to Silver X’s Tangana mine.