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TSXV:EQT

Equitas Resources (TSXV:EQT; FSE:T6UN) announced that exploration at the Cajuiero Project has commenced. Equitas would also like to report further technical details at Cajueiro, located within the Mato Grosso and Para states of Central Brazil.As quoted in the press release: Summary: The exploration program will focus on expanding and identifying additional mineral resources in the …

Equitas Resources (TSXV:EQT; FSE:T6UN) announced thatexploration at the Cajuiero Project has commenced. Equitas would also like to report further technical details at Cajueiro, located within the Mato Grosso and Para states of Central Brazil.
As quoted in the press release:

Summary:
The exploration program will focus on expanding and identifying additional mineral resources in the Baldo Target Area (“Baldo”) at Cajueiro. Baldo is host to widespread gold mineralization, and a virtually untested mineralized structural corridor delineated over an 820m strike length on surface. An exploration program targeting the structure has commenced, and will include diamond drilling, trenching and bulk sampling.
Technical Update:
The Cajueiro Project is located in the Alta Floresta – Juruena Gold Belt, a Proterozoic arc consisting of calc-alkaline granite-volcanic, and medium to high grade metamorphic crustal segments. Historic gold production in the belt is generally recognized to be in the range of 7-10 Moz, primarily from Garimpeiro activity. At Cajueiro, microgranites and rhyolites host a set of Northeast (NE) and East-West (E-W) conjugate shears exhibiting late brittle deformation. These were the primary structural controllers of hydrothermal alteration and associated gold mineralizing processes.
Gold and pyrite in the bedrock sulphide domain is contained within hydrothermal alteration envelopes within and adjacent the structures. An alteration assemblage of sericite-epidote-chlorite-quartz readily distinguishes the prospective “green” rhyolite and microgranite from their unaltered reddish counterparts. Observations indicate the quartz veining and related gold-pyrite mineralization to be a late brittle event of the process.


Gold is also present in the saprolite overlying bedrock, in the oxidized equivalent of the sulphide alteration assemblage. Prospective saprolite hosts an assemblage of sericite-chlorite-silica, with disseminated limonite and “box-works” of limonite with rare occurrences of chalcopyrite. This package is clearly visible on surface in many locations throughout the property.

Equitas Preseident and CEO, Chris Harris, stated:

Having closed the acquisition we are now focused on moving towards expansion of our flagship Cajuiero resources. We have just started our exploration program which is focused on the prospective oxide zones. When considering the high grade results achieved from surface sampling over the last 18 months, we have identified solid potential to add quality resources to the project.

Connect with Equitas Resources (TSXV:EQT; FSE:T6UN) to receive an Investor Presentation.

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