Mr. Christian Milau reports
EQUINOX GOLD CONTINUES TO INTERSECT SIGNIFICANT GOLD MINERALIZATION AT PIABA WEST
Equinox Gold Corp. has released positive results from an additional 24 shallow stepout and infill drill holes totalling 4,200 metres that were drilled below the shallow, westernmost Piaba reserve pit and west along strike from existing reserves at the company's 100-per-cent-owned Aurizona gold mine in Brazil.
Drilling highlights:
0.97 gram per tonne gold (g/t Au) over 19.0 metres in hole D563;3.31 g/t Au over 4.6 m in hole D565;4.64 g/t Au over 9.0 m in hole D566;2.01 g/t Au over 19.0 m in hole D567;1.27 g/t Au over 25.9 m in hole D568;15.30 g/t Au over 1.0 m in hole D569;1.35 g/t Au over 17.0 m in hole D570;6.59 g/t Au over 6.0 m and 7.32 g/t Au over 5.0 m in hole D571;0.83 g/t Au over 17.0 m and 1.84 g/t Au over 8.0 m in hole D573;1.43 g/t Au over 9.0 m and 1.32 g/t Au over 10.0 m in hole D576;2.82 g/t Au over 7.0 m and 2.08 g/t Au over 22.0 m in hole D577;3.44 g/t Au over 8.0 m in hole D579;1.11 g/t Au over 11.0 m in hole D581;2.12 g/t Au over 10.0 m in hole D584;1.65 g/t Au over 34.0 m in hole D585;1.03 g/t Au over 34.0 m in hole D586.
"Drilling continues to confirm the potential for significant resource growth at Aurizona," said Scott Heffernan, executive vice-president, exploration, of Equinox Gold. "The 2017 exploration program has primarily focused on testing underdrilled regions below the reserve pit and the extension of mineralization along strike to the west of the Piaba deposit. Results to date have been excellent, encountering significant mineralization below the shallow western end of the pit, extending mineralization up to 350 metres to the west along strike and encountering multiple shallow high-grade intersections."
The company completed over 14,000 m of drilling in the fourth quarter of 2017, bringing the total for 2017 to over 22,000 m. Approximately 9,300 m of infill and stepout drilling was focused in the Piaba West area and 4,800 m tested six new near-mine targets with the remaining results to be released as they are available in the first quarter of 2018. In addition to analyzing the remaining results of the 2017 drill program, Equinox Gold's exploration team is currently integrating the results of regional geological mapping with the results of the airborne magnetic, radiometric and electromagnetic surveys that were flown by the company's greenfields exploration joint venture partner, AngloGold Ashanti Holdings PLC, to define future exploration targets.
For 2018 the company's exploration team has planned an aggressive 34,000-metre drill program focused on resource growth, target development and discovery that is expected to commence after the Tatajuba mining licence is awarded, likely in the second half of the year.
About Equinox Gold Corp.
Equinox Gold is a Canadian mining company with a multimillion-ounce gold resource base, near-term and growing gold production from two past-producing mines in Brazil and California, and a long-term growth platform with a diverse portfolio of gold and copper assets in North and South America. Early works construction is under way at the company's Aurizona project in Brazil with the objective of pouring gold by year-end 2018, and a prefeasibility study is under way at the company's Castle Mountain project in California with the objective of restarting production.
Qualified person and disclosure statement
Scott Heffernan, MSc, PGeo, the company's executive vice-president, 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 on the company's website and contain no more than three 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 per cent 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-multielement geochemical suite by four-acid digestion and inductively coupled plasma mass spectrometry (ICP-MS). Samples with AA gold values over 10.0 g/t are reassayed 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.
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