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Equitas Resources Corp. Reports Drilling Results from Baldo Zone at the Cajueiro Project
Vancouver, British Columbia (FSCwire) - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) announces numerous minera
About this update from Altamira Gold Corp
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) announces numerous mineralized intercepts from the recent drilling program at the Baldo Zone (“Baldo”) of its 100%-owned Cajueiro Gold Project (“Cajueiro”) in Central Brazil. Major Highlights Include: Assay results identify 33 intersections of gold mineralization in saprolite and bedrock, ranging from 0.95 g/t Au to 4.07 g/t Au; Combined with results from the previously announced trenching program, a 300m strike-length of gold mineralization (“Zona Dois” target) has been identified as first priority for detailed trenching and drilling; Mineralized samples are being sent for Screen Fire Assay to check for the presence of coarse gold; Plans are being made for exploration of three other significant target areas at Baldo where previous work has detected highly anomalous gold grades in saprolite, up to 118.47 g/t Au; A structural re-interpretation at Crente Zone (“Crente”) has been drill-tested, results are expected shortly; A revised NI 43-101 Report on resources will be issued once all results from the 2016 exploration program have been received and incorporated into the model. “The Cajueiro drilling and trenching programme has achieved all our strategic objectives: (i) commencing the conversion to a full mining licence at Baldo, (ii) identifying a base of material to be processed through our proposed initial CIL plant, and (iii) highlighting further structures to be investigated and trenched over the coming 6 months to continue to build our resource” said Chris Harris (President & CEO, Equitas). Baldo Exploration Program The recently completed exploration program was designed as a follow-up to encouraging historic surface sampling and drill results northwest of the current Inferred Resources footprint at Baldo, along a previously interpreted structure (Chapleau mapping, 2012) extending northeast from the old Baldo garimpeiro (artisanal mining) pit. These results include 24.83m grading 1.73 g/t Au (bedrock sulphide in BH CJO_055), and two circa 1 tonne composite samples of saprolite oxide grading 5.77 g/t Au (RR1BDO) and 87.20 g/t Au (RCF1BDO). This exploration program was also designed to provide the necessary data coverage required to deliver an exploration report to Departmento Nacional de Pr...