Equinox Gold Corp. (TSX: EQX) has obtained positive drill results from 2021 exploration drilling in the 70-km-long greenstone belt in Bahia State, Brazil that hosts the company’s 100%-owned Fazenda and Santa Luz gold mines.
Exploration has identified multiple near-mine and regional discoveries that highlight growth potential in the Bahia Belt.
“The 2021 exploration programme in the Bahia Belt has led to the discovery of significant gold mineralisation at multiple targets within haulage distance to our existing mines,” said Scott Heffernan, EVP Exploration for Equinox Gold.
“Drilling at the Canto 2 target adjacent to our Fazenda Mine was particularly important, intersecting very high grades and clearly highlighting the potential for both open pit and underground resource growth and mine life extension at Fazenda.
“Equinox Gold also secured exploration permits covering an additional 323 square km, bringing the total land package in the Bahia Belt to nearly 1,300 square km covering the majority of this highly prospective but underexplored greenstone belt.
“The 2022 exploration programme is well underway and includes over 70,000 metres of drilling across targets ranging from early to advanced-stage exploration, a high-resolution airborne magnetic survey covering the entire Bahia Belt, and geologic mapping and geochemical sampling to further refine targets in advance of drilling.”
Highlights
Exploration targets in the Bahia Belt were identified by integrating multiple datasets including airborne geophysical surveys, geologic mapping, outcrop and soil sampling, and historical drilling. During 2021 Equinox Gold tested 17 targets throughout the Bahia Belt, drilling 56,918 m in 479 diamond and reverse circulation (RC) drill holes.
Of the 479 holes, 372 intersected anomalous to ore-grade gold mineralisation and of these, 126 intersected significant gold mineralisation and identified several gold-mineralised systems close to Equinox Gold’s Fazenda and Santa Luz mines.
For further information please visit: https://www.equinoxgold.com/
