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Equitas Resources samples 1,022 g/t gold at undrilled Brazilian project

by Greg Klein | November 15, 2016

A “spectacular” gold assay among other high-grade grab samples gives the Crepori project greater prominence in Equitas Resources’ (TSXV:EQT) 202,000-hectare Brazilian portfolio. Five out of 10 initial surface samples surpassed eight grams per tonne, reaching as high as 39.26 g/t and 1,022.98 g/t gold. The 8,323-hectare property in the prolific Tapajos Gold Belt remains to be drilled.

Equitas Resources samples 1,022 g/t gold at undrilled Brazilian project

Previous garimpeiro mining focused on two gold-bearing quartz vein systems, Picarreira and Boiadeiro, Equitas reported. Picarreira has been traced over 400 metres of strike on surface, averaging six metres in width. Soil and chip samples suggest the strike could increase significantly to the northeast, the company added. The 39.26 g/t sample came from Picarreira, while Boiadeiro revealed the 1,022.98 g/t sample.

“It is remarkable that Crepori has remained essentially untested particularly given the outstanding gold grades achieved and significant extent of the known mineralized vein system defined to date,” said VP of exploration Everett Makela.

The company now plans mapping and sampling, followed by induced polarization and magnetics prior to drilling.

Last month Equitas announced near-surface results for two infill holes on its Cajueiro project in central Brazil, with assays of 1.12 g/t gold over 31 metres and 1.03 g/t over 29 metres (not true widths). The results followed a successful 37-hole, 1,756-metre summer program that found 33 mineralized near-surface intervals.

An April resource update recalculated 2013 data for Cajueiro’s four zones of sulphides and saprolite oxides. Using a 0.25 g/t cutoff, the project’s sulphides total:

  • indicated: 8.64 million tonnes averaging 0.771 g/t for 214,100 ounces gold

  • inferred: 9.53 million tonnes averaging 0.664 g/t for 203,500 ounces

Using the same cutoff, four zones of oxides total:

  • inferred: 1.37 million tonnes averaging 1.775 g/t for 78,400 ounces

Also last month the company acquired two properties totalling 18,000 hectares in the Juruena Gold Belt, roughly 180 kilometres southeast of Cajueiro.

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