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Equitas Resources Corp.
Summary
| Project: | Cajueiro | |
|---|---|---|
| Deposit: | Baldo Zone | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2016: Equitas Resources Corp. announces an Exploration/Drilling Update report for its Baldo Zone deposit at the Cajueiro project. Drilling results incl. 13.50m @ 1.46g/t Au from 14.20m. Vancouver, British Columbia, August 29, 2016 - Equitas Resources | |
| Resources: | ||
| CP/QP: | [Overall Report]: Everett Makela (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, August 29, 2016 - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) announces numerous mineralized intercepts from the recent drilling program at the Baldo Zone (“Baldo”) of its 100%-owned Cajueiro Gold Project (“Cajueiro”) in Central Brazil. “The Cajueiro drilling and trenching programme has achieved all our strategic objectives: (i) commencing the conversion to a full mining licence at Baldo, (ii) identifying a base of material to be processed through our proposed initial CIL plant, and (iii) highlighting further structures to be investigated and trenched over the coming 6 months to continue to build our resource” said Chris Harris (President & CEO, Equitas). The recently completed exploration program was designed as a follow-up to encouraging historic surface sampling and drill results northwest of the current Inferred Resources footprint at Baldo, along a previously interpreted structure (Chapleau mapping, 2012) extending northeast from the old Baldo garimpeiro (artisanal mining) pit. These results include 24.83m grading 1.73 g/t Au (bedrock sulphide in BH CJO_055), and two circa 1 tonne composite samples of saprolite oxide grading 5.77 g/t Au (RR1BDO) and 87.20 g/t Au (RCF1BDO). This exploration program was also designed to provide the necessary data coverage required to deliver an exploration report to Departmento Nacional de Producao Brazil (DNPM), part of the process of converting our bulk sampling license (in Portuguese – “GUIA” or Guia de Utilizacion) 850224/2009 (9558.59 ha) into a full mining license. | |
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