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Equinox Gold Corp.

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Summary

Project:

Castle Mountain

Deposit:Castle Mountain
Location:United States
Commodities:Gold
Date:7/16/2018
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:16-7-2018: Equinox Gold Corp. announces a Pre-Feasibility Study report for its Castle Mountain deposit at the Castle Mountain project. PFS results incl. post-tax NPV (5%) of $406.5M, IRR of 20.1%, 16.2yr LOM at the project. July 16, 2018 – Vancouver, Brit
Resources:(Reserve, P+P): 197.6Mt @ 0.56g/t Au for 3.56Moz Au contained at project
CP/QP:[Resources]: Don Tschabrun (Mine Technical Services)
ABSTRACT:July 16, 2018 – Vancouver, British Columbia – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXGF) (“Equinox Gold” or the “Company”) is pleased to announce the results of the prefeasibility study (“PFS”) for its 100% owned Castle Mountain Gold Mine (“Castle Mountain” or the “Project”) located in California, USA. The PFS contemplates a low-cost heap leach gold mine with 3.6 million ounces (“oz”) of gold reserves that will produce 2.8 million oz of gold and generate $865 million in after-tax cash flow over a 16-year mine life. Castle Mountain will be developed in two phases with annual average gold production of 45,000 oz over the first three years (“Phase 1”) and annual average gold production of 203,000 oz from years 4 to 16 (“Phase 2”). With Measured & Indicated Mineral Resources estimated at 4.3 million oz of gold (inclusive of reserves), Inferred Mineral Resources of 2.2 million oz and additional near-mine mineralization identified with the 2017 exploration program, there remains potential to extend the mine life and increase annual production. All amounts are in US dollars unless otherwise indicated. Base case economics were calculated using a $1,250/oz gold price. The Company will host a webcast and conference call at 8:00am PT (11:00am ET) on July 17, 2018 to present the PFS results. Further details are provided at the end of this news release.

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