Gold

TSXV:EQT

Equitas Resources (TSXV:EQT; FSE:T6UN) announced the discovery of near-surface, high grade gold mineralization at the Baldo Zone of its 100%-owned Cajueiro Gold Project in Central Brazil

Equitas Resources (TSXV:EQT; FSE:T6UN) announced the discovery of near-surface, high grade gold mineralization at the Baldo Zone of its 100%-owned Cajueiro Gold Project in Central Brazil.
As quoted in the press release:

Major highlights include:

  • Initial assay results identify eight intersections of 1.16 g/t Au or greater;
  • Two high-grade intervals of 24.26 g/t Au over 2m, and 18.86 g/t Au over 2m;
  • A broader separate near-surface interval of 12m @ 1.42 g/t Au;
  • The exploration program is being extended with diamond drilling, auger drilling and trenching to further delineate and expand on the intersections achieved to date;
  • To date 733 of 757 trench assays have been received, and all drill core results are still outstanding

Equitas Resources President and CEO, Chris Harris, stated:

We are very encouraged by the strong trenching results from the Baldo area, with results ranging from 1.16 g/t Au up to 24.26 g/t Au. This provides good support for the Company’s focus on fast track gold production and potential for further upgrading of the resource. The team has completed the initial exploration programme on time, and on budget, and with these exciting results we have decided to extend our drilling programme. We are well positioned for further news with all of our drilling results yet to come in.

Equitas Resources VP Exploration, Everett Makela, stated:

Results so far have confirmed our expectation that the oxidized saprolite component of the bedrock mineralization at Baldo is host to significant gold concentrations. All eight of the intersections achieved to date are worthy of follow-up, as the saprolite can be directly excavated on surface and trucked to a processing plant, without the need for drilling and blasting. The high grade intervals in trenches TCBL_0003 and TCBL_0004 appear to represent a corresponding increase in structural complexity that adds an exciting new element to the Baldo environment. I would also emphasize that a majority of the assay results have yet to be received, so there is considerable new information still to come from this exploration program.”

Watch an interview with President and CEO Chris Harris at the VCF 2016:



*Cost projections are deemed to be forward-looking statements and actual results may vary.

Featured

MARKETS

Markets
TSX21537.45+179.89
TSXV909.71+6.72
DOW35911.81-201.81
S&P 5004662.85+3.82
NASD14893.75+86.94
ASX7393.90-80.50

COMMODITIES

Commodities
Gold1819.25+2.78
Silver23.03+0.09
Copper4.43-0.11
Palladium1877.00+11.00
Platinum976.39+5.39
Oil84.30+2.18
Heating Oil2.610.00
Natural Gas4.25-0.02

DOWNLOAD FREE REPORTS

×