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Equus Mining Ltd.
Summary
| Project: | Cerro Bayo | |
|---|---|---|
| Deposit: | Taitao | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 6/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 25-6-2020: Equus Mining Ltd. announces an Exploration/Drilling Update report for its Taitao deposit at the Cerro Bayo project. Drilling results incl. 19m @ 1.26g/t Au, 10g/t Ag from 68.5m. A review of historical drilling data from Central Taitao has ident | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Damien Koerber (Internal) | |
| ABSTRACT: | A review of historical drilling data from Central Taitao has identified multiple mineralized zones beneath the pit floor, characterised by high-grade silver intersections, with results pending from Equus hole CBD033. Better historic results include2 : Results from a further 300m of diamond drilling are pending prior to initiation of a JORC 2012 compliant Mineral Resource Estimate. Results are expected to be completed by end Q3 2020 and those from the scheduled re-start study expected to be completed by end Q4 2020. The Taitao Pit was historically mined up to mid-2000 with the gold price circa US$300/oz and silver US$5/oz. The current gold price at circa US$1,700/oz (+580%) and silver US$17.50/oz (+250%)3 , paired with potential operational efficiencies, highlights the compelling opportunity for Equus to become a profitable near-term gold-silver producer. | |
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