Equinox Gold Announces Positive Drill Results from Piaba West Exploration and that Drilling has Commenced at the Tatajuba Ta...
June 11 2018 - 6:57AM
Equinox Gold Corp. (TSX-V:EQX) (OTC:EQXGF)
(“Equinox Gold” or “the Company”) is pleased to announce additional
positive results from the Piaba West infill and step-out drill
program and that drilling is underway at the Tatajuba target, both
located at the Company’s 100%-owned Aurizona Gold Mine (“Aurizona”)
in Brazil.
A total of 115 step-out and infill drill holes
(16,084 m) were drilled in the Piaba West area during 2017 and
early 2018, demonstrating that mineralization extends up to 350
metres (“m”) along strike to the west of the existing Piaba reserve
pit and at depth below the shallow western end of the pit. Drill
results are being integrated into an updated Mineral Resource
Estimate that is expected to be complete in Q3-2018. Results
from the final 30 drill holes (5,045 m) continue to highlight the
resource growth potential at Aurizona.
Piaba West Drill Highlights
- 2.14 g/t Au over 8.0 m in hole D578
- 1.23 g/t Au over 18.0 m in hole D587
- 1.40 g/t Au over 39.0 m in hole D594
- 1.59 g/t Au over 27.0 m in hole D595
- 1.44 g/t Au over 37.0 m in hole D597
- 14.2 g/t Au over 3.0 m and 1.17 g/t Au over 20.0 m in hole
D599
- 3.00 g/t Au over 6.0 m in hole D614
- 0.97 g/t Au over 17.0 m in hole D619
- 1.00 g/t Au over 16.0 m in hole D630
- 1.45 g/t Au over 19.0 m in hole D636
- For a map of Piaba West drill results, click here
- For a table of current Piaba West drill results, click
here
- For a table of all Piaba West drill results from the 2017
exploration program, click here
“Piaba West drilling has delivered excellent
results that highlight the near-mine expansion potential at
Aurizona,” said Scott Heffernan, EVP Exploration of Equinox Gold.
“Exploration in 2018 will continue to focus on the mineralized
Piaba Trend, which extends another 5 kilometres to the west from
the existing reserve pit, with the expectation that drilling at the
Tatajuba target will reveal further resource expansion
potential.”
The Tatajuba target is the western extension of
the main Piaba Trend that hosts Aurizona. The target measures over
4 km in length as defined by coherent gold-in-soil anomalism,
geophysics (magnetics), auger drilling and limited diamond
drilling. The initial 1,500 m drill program will focus on an
approximately 600 m long portion where historical drilling
intersected significant shallow gold mineralization including
13.7 g/t Au over 35.0 m (D250) and 2.7 g/t Au
over 55.6 m (D114).
- For a location map of Tatajuba and other near-mine targets at
Aurizona, click here
On behalf of the Board of Equinox Gold
Corp.
“Christian Milau”
CEO & Director
About Equinox Gold
Equinox Gold is a Canadian mining company with a
multi-million-ounce gold resource base, near-term and growing gold
production from two past-producing mines in Brazil and California,
and a diverse portfolio of gold and copper assets in North and
South America. Construction is underway at the Company’s Aurizona
project in Brazil with the objective of pouring gold by year-end
2018, and a prefeasibility study is underway at the Company’s
Castle Mountain project in California with the objective of
restarting production. Further information about Equinox Gold’s
current portfolio of assets and long-term growth strategy is
available at www.equinoxgold.com or by email at
ir@equinoxgold.com.
Equinox Gold Contacts
Christian Milau, CEORhylin Bailie, Vice
President Investor RelationsTel: +1 604-558-0560Email:
ir@equinoxgold.com
Qualified Person and Disclosure
Statement
Scott Heffernan, M.Sc., P.Geo., the Company’s
EVP Exploration and Qualified Person under National Instrument
43-101, has reviewed and verified that the technical information
contained in this news release is accurate and approves the written
disclosure of the same. Drill composites were calculated using
cut-off values of 0.3 g/t, 1.0 g/t or 5.0 g/t gold as specified in
the drill table and contain no more than 3 metres of internal
waste. Drill intersections are calculated using uncut assays and
are reported as drilled thicknesses. True widths of the mineralized
intervals are interpreted to be 60 to 90 percent of the reported
lengths. All samples were submitted to ALS Chemex in Belo
Horizonte, Brazil for sample preparation. Sample pulps were then
sent to ALS Chemex in Lima, Peru for geochemical analysis for gold
by fire assay of a 30-gram charge with an Atomic Absorption finish
(AA) and for a 33 multi-element geochemical suite by 4-acid
digestion and Inductively-Coupled Mass Spectrometry (ICP-MS).
Samples with AA gold values over 10.0 g/t are re-assayed by Screen
Metallics fire assay. Control samples (accredited standards, blanks
and duplicate samples at the field and preparation stages) were
inserted on a regular basis. Results were monitored upon receipt of
assays.
Cautionary Notes and Forward-looking
Statements
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This document contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation (collectively “forward-looking
statements”). The use of the words “will”, “expected”,
“expectation”, “objective”, “underway”, “potential”, and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements contained in this news release include,
but are not limited to, statements regarding the exploration
strategy and potential at Aurizona, production potential from the
Aurizona Gold Mine and Castle Mountain Gold Mine, the Castle
Mountain prefeasibility study, the potential for other assets of
the Company, and the long-term growth potential of the Company.
Although the Company believes that the expectations reflected in
such forward-looking statements and/or information are reasonable,
undue reliance should not be placed on forward-looking statements
since the Company can give no assurance that such expectations will
prove to be correct. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements, including the risks, uncertainties
and other factors identified in the Company’s periodic filings with
Canadian securities regulators, and assumptions made with regard to
the Company’s exploration strategy at Aurizona; the results of
Aurizona exploration and the impact of Aurizona exploration; the
Company’s ability to complete the Castle Mountain prefeasibility
study and the results of the study; the Company’s ability to
complete construction at Aurizona and the timing to achieve
production; and the Company’s ability to achieve its expected
growth and production potential. Furthermore, the forward-looking
statements contained in this news release are made as at the date
of this news release and the Company does not undertake any
obligations to publicly update and/or revise any of the included
forward-looking statements, whether as a result of additional
information, future events and/or otherwise, except as may be
required by applicable securities laws.
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