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Rockstone Research: Trenching Discovers High-Grade Gold at Surface – Assays from 31 Holes Pending
Jul. 06, 2016 11:15AM PST
Gold Investing
A recent report by Rockstone Research highlighted Equitas Resources (TSXV:EQT; FSE:T6UN) and the recently released assay results from trenching activities at its 100% owned Cajueiro Gold Project in Brazil.As quoted from the report: The results revealed high-grade mineralization at surface: 24 g/t, 19 g/t and 5.5 g/t over 2 m each in 3 separate trenches.Most of the …
A recent report by Rockstone Research highlighted Equitas Resources (TSXV:EQT; FSE:T6UN) and the recently released assay results from trenching activities at its 100% owned Cajueiro Gold Project in Brazil.
As quoted from the report:
The results revealed high-grade mineralization at surface: 24 g/t, 19 g/t and 5.5 g/t over 2 m each in 3 separate trenches.Most of the assays from 9 trenches have been received, ranging from 1.16 g/t to 24.26 g/t, including a broader near-surface interval of 1.42 g/t over 12 m.
This is significant when considering that most gold open pits worldwide operate with average grades between 0.7 g/t and 2 g/t.
The Baldo Zone is already in moderate sluice-box production, set to expand significantly with plans for a new gravity and CIL processing plant. The current exploration program has been designed to increase resources and provide further information to support open pit development. If today’s results are any indication, the best could be yet to come: 31 HQ holes have been recently drilled with assays pending. As a result of today’s assays, management has announced that they intend to expand the current drilling program.