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Tuesday, July 21, 2020 1:49:52 PM
https://www.gurufocus.com/news/1190354/ppx-provides-corporate-update-restart-of-mining-at-igor
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Ore Purchase Agreement with Inca One: As detailed in a press release distributed by Inca One Gold Corp on July 9, 2020, PPX will deliver 40,000 tonnes of gold-bearing material from the Igor Project, with a minimum grade of 8 grams of gold per tonne, to Inca One's Kori One processing facility. As part of the agreement, an advance payment, based on certain milestones, for up to US$400,000 will be made to PPX, with the payment of the first tranche of US$200,000 having already been completed. Because several thousand tonnes of ore are stockpiled at Igor, shipments can commence rapidly.
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