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ZURICH, SWITZERLAND / ACCESSWIRE / July 6, 2016 / Today, Stephan Bogner from Rockstone Research published an update on Equitas Resources Corp. (TSX.V: EQT) as the company released assay results from trenching activities at its 100% owned Cajueiro Gold Project in Brazil earlier today.
The results revealed high-grade mineralization at surface: 24 g/t, 19 g/t and 5.5 g/t over 2 m each in 3 separate trenches. Most of the assays from 9 trenches have been received, ranging from 1.16 g/t to 24.26 g/t, including a broader near-surface interval of 1.42 g/t over 12 m. This is significant when considering that most gold open pits worldwide operate with average grades between 0.7 g/t and 2 g/t. The significance of today's results are perfectly summed up by VP Exploration, Everett Makela: "All eight of the intersections achieved to date are worthy of follow-up, as the saprolite can be directly excavated on surface and trucked to a processing plant, without the need for drilling and blasting."
The Baldo Zone is already in moderate sluice-box production, set to expand significantly with plans for a new gravity and CIL processing plant. The current exploration program has been designed to increase resources and provide further information to support open pit development. If today's results are any indication, the best could be yet to come: 31 HQ holes have been recently drilled with assays pending. As a result of today's assays, management has announced that they intend to expand the current drilling program.
The full research report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/Equitas13en.pdf
English (web version):
http://rockstone-research.com/index.php/en/research-reports/1219-Trenching-Discovers-High-Grade-Gold-at-Surface
German (PDF):
http://rockstone-research.com/images/PDF/Equitas13de.pdf
Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
http://www.accesswire.com/img.ashx?id=441982
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