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Equus Mining Ltd.
Summary
| Project: | Cerro Bayo | |
|---|---|---|
| Deposit: | Droughtmaster | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 4/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 16-4-2020: Equus Mining Ltd. announces an Exploration/Drilling Update report for its Droughtmaster deposit at the Cerro Bayo project. Drilling results incl. 0.62m @ 17.28g/t Au, 271g/t Ag from 73.5m. Equus Mining Limited (‘Equus’ or ‘Company’) (ASX: EQE) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Damien Koerber (Internal) | |
| ABSTRACT: | Equus Mining Limited (‘Equus’ or ‘Company’) (ASX: EQE) is pleased to report encouraging drill results from a recently completed program at the Droughtmaster Prospect and commencement of drilling within the Taitao open pit at its Cerro Bayo Project, Chile The Company's Flagship Cerro Bayo Project is held under a 3-year option to acquire 100% of all the Project´s mining properties, resources and mine infrastructure from Mandalay Resources Corporation3 . The project contains an existing 1,500 tpd processing plant through which historical production of 645Koz Gold and 45Moz Silver4 was achieved up until the mine´s temporary closure in mid-2017. The Cerro Bayo Project is located central to the approximate 350km2 of prospective gold-silver claim holdings held by the company (Figure 3). The Company continues to progress its dual-track Greenfields/Brownfields exploration strategy with the commencement of a 1st stage 1,500m confirmatory drill program within and in the periphery of the historic, shallow Taitao Pit (Figure 2). | |
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