Silver X Mining Corp. provide a monthly operational update for August 2022. In August 2022 the head grade at the Recuperada processing plant averaged 18.29 oz/t AgEq.

Recoveries at the plant were 86.88% for silver, 79.94% for gold, 88.77% for lead and 83.88% for zinc based on mass balance calculations. In August 2022, Silver X continued to develop the Tangana 1 & 2 veins and intercepted the Cauca vein with a cross-cut at the 650 Level. Underground exploration and development at Cauca will allow for the eventual doubling of active fronts at Tangana.

In the month, underground workings were extended by a further 327 meters. Furthermore, the elevated gold content in recovered concentrate continues to drive increasing sale values with overall concentrate grades exceeding initial expectations. The installation in the Recuperada plant of a new, centrifugal gravity circuit for the recovery of free gold is on track to start operating in September.

The Recuperada plant's analytical lab is now conducting fire assays for gold, reducing reporting times of results by several days, increasing operational efficiency.