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Equitas Resources Corp. Intersects High Grade Gold Mineralization at the Cajuiero Project
Vancouver, BC (FSCwire) - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to announce the discovery of
About this update from Altamira Gold Corp
[{"type":"text","content":"Vancouver, BC (FSCwire) - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to announce the discovery of near-surface, high grade gold mineralization at the Baldo Zone (“Baldo”) of its 100%-owned Cajueiro Gold Project (“Cajueiro”) in Central Brazil. Major highlights include: Initial assay results identify eight intersections of 1.16 g/t Au or greater; Two high-grade intervals of 24.26 g/t Au over 2m, and 18.86 g/t Au over 2m; A broader separate near-surface interval of 12m @ 1.42 g/t Au; The exploration program is being extended with diamond drilling, auger drilling and trenching to further delineate and expand on the intersections achieved to date; To date 733 of 757 trench assays have been received, and all drill core results are still outstanding. Chris Harris, President and CEO of Equitas, said “We are very encouraged by the strong trenching results from the Baldo area, with results ranging from 1.16 g/t Au up to 24.26 g/t Au. This provides good support for the Company’s focus on fast track gold production and potential for further upgrading of the resource. The team has completed the initial exploration programme on time, and on budget, and with these exciting results we have decided to extend our drilling programme. We are well positioned for further news with all of our drilling results yet to come in.” Exploration Update Figure 1: Baldo Target at the Cajueiro Project The exploration program announced on May 26th has been completed on time and within budget. Work completed includes 31 HQ diamond drill holes totaling 1585m, and 1680m of trenching in nine trenches, conducted over the current area of focus within the Baldo Zone of the Cajueiro Project. To date 733 gold assays have been received out of a total of 757 trench samples, standards, blanks and duplicates currently submitted. As well all assays from the diamond drilling are pending. The program has significantly changed the interpretation of prospective altered and mineralized structures in the target area, as shown in Figure 2 below: Figure 2: Plan view of Baldo target area with new geological interpretation, trenches, drill hole traces and current intersections of interest The trenching program targeted gold mineralization in near-surface saprolite, the oxidized equivalent of hydrothermally altered bedrock st...