Equus Mining Limited (ASX: EQE) has received further high-grade gold and silver drill results from a newly defined large scale feeder host fault structure extending below the 1.4km long historic Taitao Pit in Chile.
These new results are located approximately 40m to the south of the previously announced high-grade results of 4.14m @ 17.9 g/t AuEq1 (11.0 g/t Au, 520.0 g/t Ag).
These results report to a zone that was previously interpreted as a localised low-grade stockwork zone that was not included in the underground resource component of the maiden December 2020 Taitao Inferred Mineral Resource estimate of 302koz AuEq3.
Results
CBD085: 7.5m @ 8.7 g/t AuEq1 (6.0 g/t Au, 206.3 g/t Ag) from 86.08m including: 2.47m @ 24.1 g/t AuEq1 (17.7 g/t Au, 483.9 g/t Ag) from 87.87m
CBD083: 0.73m @ 31.71 g/t AuEq1 (16.97 g/t Au, 1105.1 g/t Ag) from 117.12m including: 0.49 @ 46.67 AuEq1 (24.80 g/t Au, 1,640 g/t Ag) from 117.36m
“These further high-grade results serve to demonstrate good continuity of the large, newly defined host structure and its capacity to host exceptional gold and silver mineralisation, as part of a newly interpreted, potential high-grade extension to the JORC Inferred resource at Taitao of 302koz gold equivalent,” Damien Koerber, Chief Operating Officer, said.
“The underexplored nature and potential large scale of this new exploration target is driving the focus of current drilling below and to the east of the Taitao Pit, and the 2020 Inferred Mineral Resource, along an approximate 500m long portion towards the operational 0.5Mta flotation plant.”
Partial results (approximately 60%) have been received from a further three holes (CBD083- CBD085) completed to date below the central eastern margin of the Taitao Pit.
The intercept in hole CBD085 represents the interpreted southern extension to the high-grade vein-breccia intersected in the previously reported hole CBD082 (4.14m @ 11.0 g/t Au, 520.0 g/t Ag (17.9 g/t AuEq1), located approximately 40m to the north.
The vein-breccia mineralisation is interpreted to be hosted within a large scale, 10-40m wide, gently (30-60°) easterly dipping normal fault-breccia complex, the westernmost surface expression of which broadly corresponds to the Taitao Pit.
Historical production from the Taitao Pit from between 1995-2002 totalled approximately 153Koz AuEq1 @ 3.4 g/t AuEq1 (1.9 g/t Au, 115 g/t Ag)4 over pit dimensions of <35m depth x 30-200m wide x 1,200m length.
Hole CBD083 intersected numerous mineralized structures that correspond primarily to veins and breccias that developed as splays in the upper hanging wall relative to the main fault-breccia complex target.
Current drilling is focused along a +500m long portion of the host fault complex broadly extending from hole CBD082 south towards the operational plant infrastructure. Drilling is designed to test the down dip extension of the structure at depth, east of the Taitao Pit, and below the underground resource component of the 2020 Inferred Mineral Resource.
The drilling will also be targeting the interpreted potential down dip extension of high-grade mineralisation intersected in historical shallow drilling (between 1995-2007) and a series of exploration and minor development tunnels.
For further information please visit: https://www.equusmining.com/
