Silver X Mining Corp. reported its prioritization of the Plata Mining Unit (Plata) as its next brownfield renovation located within the Company's Nueva Recuperada Silver District in central Peru. This renovation is in addition to the primary production at Nueva Recuperada.

A former producing area of the project with abundant veins that have been only lightly exploited, Plata has strong exploration potential to increase overall production and is strategically situated 10 km south of the Nueva Recuperada plant. Previously under the management of Compañia de Minas Buenaventura SAA (BVN), Plata (formerly Esperanza) was the last historical operation to close in the district. In their latest Technical Report entitled NI 43-101 Preliminary Economic Assessment, Nueva Recuperada Project, Huancavelica, Peru, 2022, prepared by LOM Consultants, Silver X reported an initial inferred resource at Plata of 448,812 tonnes, at grades of 220.81 g/t Ag, 2.55% Pb, and 4.58% Zn.

This indicates a substantial amount of silver, lead, and zinc content, affirming the project's potential value. Silver X believes that Plata has the potential to become a valuable asset within the district and that its higher grade and abundance of veins could make Planta a premier silver target in the upcoming years.