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Equinox Gold Corp.
Summary
| Project: | Mesquite | |
|---|---|---|
| Deposit: | Mesquite | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-5-2020: Equinox Gold Corp. announces a Resource Estimation report for its Mesquite deposit at the Mesquite project. Updated mineral resource and ore reserve estimate at the project. Christian Milau, CEO of Equinox Gold, stated: “Exploration efforts at | |
| Resources: | (Reserve, P+P): 28.2Mt @ 0.62g/t Au (584koz Au) | |
| CP/QP: | [Resource]: Gordon Zurowski (AGP Mining Consultants Inc.) | |
| ABSTRACT: | Christian Milau, CEO of Equinox Gold, stated: “Exploration efforts at Aurizona in 2019 successfully replaced mined reserves and increased mineral resources with the addition of a maiden open-pit resource at Tatajuba. Exploration at Aurizona during 2020 will focus on adding further resources along the Piaba trend, expanding the Tatajuba resource and upgrading inferred resources to indicated in the Piaba underground area to support a pre-feasibility study for the potential underground mine. Collectively, these endeavours are focused on extending the mine life, optimizing operations and increasing annual production at Aurizona.” Mr. Milau added: “When we acquired Mesquite in October 2018, gold was $1,200 per ounce and the mine had a three-year reserve mine life followed by several years of significant cash flow from residual leaching. Our exploration team has extended the mine life, identifying ounces in historical mineralized dumps and leach pads with gold grades above our current cut-off grade. As a result of these efforts, after more than a year and a half of mining we still have a reserve mine life of more than two years plus residual leaching ahead of us, with a gold price significantly higher than in 2018. The current 24,500-metre drill program will test further upside in the historical dumps and new targets with the expectation of demonstrating further mine life extension.” | |
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