Mr. Christian Milau reports
EQUINOX GOLD ANNOUNCES POSITIVE DRILL RESULTS FROM PIABA WEST EXPLORATION AND THATA DRILLING HAS COMMENCED AT THE TATAJUBA TARGET AT AURIZONA
Equinox Gold Corp. has released additional positive results from the Piaba West infill and stepout drill program, and drilling is under way at the Tatajuba target, both located at the company's 100-per-cent-owned Aurizona gold mine in Brazil.
A total of 115 stepout and infill drill holes (16,084 metres) were drilled in the Piaba West area during 2017 and early 2018, demonstrating that mineralization extends up to 350 metres 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 the third quarter of 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 grams per tonne gold 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.
"Piaba West drilling has delivered excellent results that highlight the near-mine expansion potential at Aurizona," said Scott Heffernan, executive vice-president, exploration, of Equinox Gold. "Exploration in 2018 will continue to focus on the mineralized Piaba trend, which extends another five 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 four 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).
About Equinox Gold
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. Construction is under way at the company's Aurizona project in Brazil with the objective of pouring gold by late 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 of 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 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 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.