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Equus Mining Ltd.

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Summary

Project:

Cerro Bayo

Deposit:Cerro Bayo
Location:Chile
Commodities:Gold-Silver
Date:1/30/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine in Care & Maintenance
Report details:30-1-2020: Equus Mining Ltd. announces an Exploration/Drilling Update report for its Cerro Bayo deposit at the Cerro Bayo project. Drilling results incl. 0.3m @ 0.79g/t Au, 283g/t Ag from 28.4m. Equus Mining Limited (‘Equus’) (ASX: EQE) is pleased to repo
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Damien Koerber (Internal)
ABSTRACT:Equus Mining Limited (‘Equus’) (ASX: EQE) is pleased to report initial drilling and new surface exploration results and advances in review of potentially remnant brownfield resources from the Cerro Bayo mine district in Region XI, Chile. Initial exploration drilling at the Simmental and Frison Targets Drilling commenced in mid-December for which to date a total of 2 holes were drilled at Simmental (holes CBD001 and CDB003 totaling 194.75m) and 5 holes at Frison (holes CBD002 and CDB004 to CBD007 totaling 1264.1m) (hole coordinates provided in Table 1). To date, all results have been received for the two Simmental holes and approximately 147 sample results (23% of total) have been received for the first 3 holes drilled in Frison (Appendix 1). Remaining results for the latter holes are expected by mid-February.

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