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Equus Mining Ltd.
Summary
| Project: | Los Domos | |
|---|---|---|
| Deposit: | Los Domos | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 10/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2017: Equus Mining Ltd. announces an Exploration/Drilling Update report for its Los Domos deposit at the Los Domos project. JV-Terrane, drilling results incl. 18.94m @ 0.48g/t Au, 117g/t Ag, 9.65% Pb, 3.62% Zn from 35.2m. Equus Mining Limited (‘Equu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Damien Koerber (Internal) | |
| ABSTRACT: | Equus Mining Limited (‘Equus’) (ASX: EQE) is pleased to announce the results from initial drilling at the Los Domos precious and base metal Project. Shallow scout drilling of the first three of nine targets mapped to date has confirmed potential for large scale, Intermediate Sulphidation style mineralisation. In addition a revised earn‐in and purchase agreement now permits Equus to move to 51% project ownership with the option to move to 100%. Subsequent to the discovery of significant high grade mineralisation at shallow depth in the maiden drill hole into the T7 Target follow up drilling totalling 649.8m in 5 holes has been carried out to further delineate the geometry of mineralization at shallow depth along strike. Mineralization intersected in Drill holes LDD‐003, LDD‐009, LDD‐0011 and‐ LDD‐012 together with the previous reported LDD‐001 and 3 surface channel samples indicate that the mineralised structure trends approximately 295° with a mineralised strike length of over 400m and the overall host west‐northwest trending fault structure can be traced for at least 800m. See Table 1 & Figure 1. The mineralisation consists of brecciated, sphalerite and galena rich, banded epithermal quartz veins and hydrothermal breccias hosted in quartz crystal rich tuff. This mineralization is interpreted as representing part of a multiphase, Intermediate Sulphidation epithermal style of mineralisation. The next phase will be to drill the T7 Target over an 800m strike length with a series of shallow, 80m spaced holes in order to define the geometries of the higher grade shoots prior to drill testing of their potentially more precious metal rich levels deeper in the epithermalsystem. See Figure2. Good potential exists for additional subparallel mineralised structures in the hanging wall to the mineralised structure defined by drilling to date. | |
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