Equinox Gold Announces Positive Drill Results from Tatajuba Target at Aurizona
05 September 2018 - 12:58PM
Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF)
(“Equinox Gold” or “the Company”) is pleased to announce positive
exploration drill results from the Tatajuba target (“Tatajuba”) at
the Company’s 100%-owned Aurizona Gold Mine (“Aurizona”) in Brazil.
Tatajuba is the western extension of the main
Piaba Trend that hosts Aurizona. Previous exploration work has
defined a target more than 4 kilometres in length. This drill
program focused on a 600-metre (“m”) long portion of Tatajuba where
historical drilling identified significant gold mineralization in
the shallow saprolite zone. Each of the 12 drill holes
(1,804 m) intersected the gold zone, extending gold
mineralization to depths up to 150 m from surface and confirming
continuity of mineralization into the deeper fresh rock.
Tatajuba Drill Highlights
- 1.25 grams per tonne gold (“g/t Au”) over 44.0 m and 4.37 g/t
Au over 38 m in hole D644
- 1.36 g/t Au over 37.0 m in hole D645
- 1.17 g/t Au over 29.0 m and 2.06 g/t Au over 5.0 m in hole
D646
- 1.96 g/t Au over 35.0 m in hole D647
- 1.11 g/t Au over 22.2 m in hole D648
- 2.18 g/t Au over 8.0 m in hole D650
- 1.42 g/t Au over 19.0 m in hole D651
- 2.55 g/t Au over 10.4 m, 1.07 g/t Au over 9.8 m, and 1.66 g/t
Au over 6.0 m in hole D652
- 1.11 g/t Au over 28.4 m in hole D653
- 2.09 g/t Au over 20.0 m in hole D654
- For a map of Tatajuba drill results, click here
- For two cross sections of Tatajuba drill holes, click here
- For a table of Tatajuba drill results, click here
“Tatajuba drilling has delivered excellent
results with continuity and grades typical of the Piaba gold
deposit,” said Scott Heffernan, EVP Exploration for Equinox Gold.
“Only about 15% of the 4-kilometre-long target has been tested to
date, highlighting the potential for significant resource expansion
along strike from existing reserves and confirming our belief in
the potential of the Aurizona camp.”
Gold mineralization at Tatajuba is
characteristically the same as that at the Piaba gold deposit that
is currently being mined. North-northeast crosscutting structures
appear to enhance gold grades and add a new structural control in
this portion of the Piaba Trend. The Aurizona exploration team is
undertaking detailed surface mapping to integrate with oriented
core data collected during this recent program to update the
Tatajuba structural model and plan for additional exploration in
2019.
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 and near-term and growing
gold production from two past-producing mines. Construction is well
advanced at the Company’s Aurizona Gold Mine in Brazil with the
target of pouring gold by year-end 2018, and the Company is
advancing its Castle Mountain Gold Mine in California with the
objective of commissioning Stage 1 operations by the end of 2019.
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 5 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”, “potential”,
“objective”, and similar expressions are intended to identify
forward-looking statements. Forward-looking statements contained in
this press release include statements regarding planned exploration
and development activities at the Company’s projects. Although
Equinox Gold 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
Equinox Gold 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 Equinox Gold’s periodic filings
with Canadian securities regulators, and assumptions made with
regard to the Company’s ability to complete construction at
Aurizona and commence production, the timing to achieve production
at Aurizona, and the ability to achieve the results anticipated in
the Aurizona feasibility study; the ability to restart production
at Castle Mountain, timing of the anticipated restart of
production, and the ability to achieve the results anticipated in
the Castle Mountain prefeasibility study; the impact of current and
future exploration at Aurizona, and the ability to expand the
Aurizona resource base and extend the mine life with exploration
success. Furthermore, the forward-looking statements contained in
this news release are made as at the date of this news release and
Equinox Gold 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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