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Equus Mining (ASX:EQE) to restart drilling at Cerro Bayo, Chile
  • Equus Mining (EQE) will restart drilling later this month at its Cerro Bayo Project in southern Chile
  • Drilling will test beneath and along strike from previously reported high-grade silver-gold intercepts at the Droughtmaster Prospect
  • Additionally, Equus has engaged Cube Consulting to undertake a JORC 2012 compliant resource for the Taitao Pit and neighbouring greenfields mineralisation
  • This is expected to be completed by Q3 and will form the basis of a project re-start study that is expected to be completed by the end of Q4
  • Equus has ended the day a healthy 40 per cent in the green with shares trading for 2.1 cents each

Equus Mining (EQE) will restart drilling later this month at its Cerro Bayo Project in southern Chile.

The Cerro Bayo Project lies 10 kilometres west of Chile Chico and covers an area of 295 square kilometres. Historically, it has produced 1.3 million ounces of gold equivalent.

This upcoming stage two 1500-metre program will begin in late August and will test beneath and along strike from previously reported high-grade silver-gold intercepts from the Droughtmaster Prospect.

Previous holes have returned up to 62.58g/t gold and 271g/t silver.

Additionally, Equus has engaged Cube Consulting to undertake a JORC 2012 compliant resource for the Taitao Pit and neighbouring greenfields mineralisation.

This is expected to be completed by Q3 and will form the basis of a project re-start study that is expected to be completed by the end of Q4.

Further, Equus is finalising the generation of its brownfield drill targets with more details to be provided over the coming weeks.

Equus has ended the day a healthy 40 per cent in green with shares trading for 2.1 cents each in a $26.41 million market cap.


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