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Equinox Copper Corp. (TSX:EQX) provided an update on the Aura property in Chile. The Company has shipped appproximately 550 tonnes of copper oxides to Enami and has recieved payment for approximately 320 tonnes of copper oxides. The company also announced assay results from the Binghampton Copper Queen property in Arizona. The Company drilled 11 metres of 0.95% Cu at the property.
As quoted in the press release:
Key intersections include:
Oxides
- 12-C108: 0.654 per cent copper over 19.2 metres;
- 12-C106: 0.317 per cent copper over 12.5 metres;
- 12-C107: 0.437 per cent copper over 5.79 metres.
Sulphides
- 12-C102: 0.957 per cent copper over 11.58 metres;
- 12-C102: 0.796 per cent copper over 7.02 metres;
- 12-C109: 0.691 per cent copper over 6.98 metres.
Equinox Copper Corp. CEO, Corey Dias said:
We are very excited to have commenced the shipping of copper oxides to Enami. Moreover, the average grade of copper oxides for which Enami has paid us is 2.3 per cent, relatively in line with our early expectations. The profit generated from the sale of ore will help to fund further exploration and development activities at Aura. While the majority of this ore was sourced from our primary target on our first land concession — Margarita — we continue to identify other mineralized zones on the property. We are pleased with the first set of assay results we have received from our initial drill program at Binghampton Copper Queen. We are encouraged by the fact that six of seven drill holes intersected significant copper mineralization. Based on these results, our second phase of drilling will now target the copper oxide mineralization we have already encountered at less than 50 metres from surface.”
Click here to read the Equinox Copper Corp. (TSX:EQX) press release
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