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Equus Mining Ltd.
Summary
| Project: | Cerro Bayo | |
|---|---|---|
| Deposit: | Taitao | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 7/17/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 17-7-2020: Equus Mining Ltd. announces an Exploration/Drilling Update report for its Taitao deposit at the Cerro Bayo project. Drilling results incl. 28.6m @ 1.14g/t Au, 8.6g/t Ag from 4m. The Cerro Bayo Project lies within a premier epithermal silver-gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Damien Koerber (Internal) | |
| ABSTRACT: | The Cerro Bayo Project lies within a premier epithermal silver-gold district in southern Chile, centred approximately ~10km west of the township of Chile Chico. The Cerro Bayo Claim area (Figure 2), contains numerous historic mines including the Taitao Pit area and the Marcela Mine (Remaining Measured and Indicated Resources of 21.8Koz gold at 2.53g/t gold and 2.74 Moz silver at 318g/t silver). Under Equus’s potential re-start scenario, both prospects are expected to initial supply ‘feeder’ ore to the Cerro Bayo processing plant, which has capacity to process 1,500 tonnes per day During April and May 2020, the Company completed 11 holes (totalling 1,384m) of resource confirmatory drilling beneath the Taitao Pit (Figure 3). Holes were drilled at an average angle of -45 degrees to an average downhole depth of 126m. The drilling was undertaken to confirm results and interpretations based on the large volume of historical drilling data the Company inherited as part of the Mandalay option agreement. | |
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