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Equitas Resources assays 24.26 g/t and 18.86 g/t gold, each over two metres

by Greg Klein | July 6, 2016

With intervals showing high-grade, near-surface gold, Equitas Resources TSXV:EQT released trenching results from its Cajueiro project in central Brazil on July 6. Highlights included two metres of 24.26 grams per tonne and another two metres of 18.86 g/t, as well as a 12-metre intercept of 1.4 g/t.

Results come from the project’s Baldo zone, an alluvial operation since June 2015 that produces about a kilogram of gold a month. Having acquired the project in April as part of a 184,410-hectare land package, Equitas hopes to increase production incrementally by improving recovery, now only about 30% to 35%, and expanding the resource.

Equitas Resources assays 24.26 g/t and 18.86 g/t gold, each over two metres

With drill assays still to come, trenching results encouraged
Equitas Resources to follow up on the Baldo zone’s high-grade intervals.

This campaign consisted of nine trenches totalling 1,680 metres and 31 diamond drill holes totalling 1,585 metres. Some 733 assays have been received so far out of a total of 757 trench samples. Still to come are the drill core assays.

Results change the interpretation of prospective altered and mineralized structures, Equitas stated. The high-grade intercepts “appear to represent a corresponding increase in structural complexity that adds an exciting new element to the Baldo environment,” said VP of exploration Everett Makela. “I would also emphasize that a majority of the assay results have yet to be received, so there is considerable new information still to come from this exploration program.”

Trenching focused on Baldo’s near-surface saprolite, described as “the oxidized equivalent of hydrothermally altered bedrock structures hosting gold mineralization with associated pyrite and quartz veining.” Eight standout results show:

Trench TCBL-0001

  • 1.16 g/t gold over 2 metres, starting at 47 metres
  • 1.4 g/t over 12 metres, starting at 60 metres


  • 1.26 g/t over 5 metres, starting at 23 metres
  • 2.12 g/t over 4 metres, starting at 167 metres
  • 24.26 g/t over 2 metres, starting at 197 metres


  • 5.54 g/t over 2 metres, starting at 146 metres
  • 18.86 g/t over 2 metres, starting at 173 metres


  • 1.57 g/t over 7 metres, starting at 31 metres

Equitas now has further diamond drilling, auger drilling and trench sampling targeting the high-grade areas and anticipates an updated structural interpretation prior to a campaign of resource definition. The company has also sent a 100-kilogram composite sample of saprolite for bench-scale metallurgical tests. Meanwhile, previous mapping and sampling have revealed three additional targets similar to the current focus area.

Last month Equitas announced private equity financing of up to US$6 million, through $5 million in revolving loans and a $1-million private placement. The company closed a $1.5-million private placement in April.

Equitas appointed a new advisory board in early May.

Read more about Equitas Resources.

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