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Equus Mining (ASX:EQE) - Managing Director, John Braham - The Market Herald
Managing Director, John Braham
Source: Equus Mining
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  • Equus Mining (EQE) has received encouraging rock chip sampling results from the Cerro Bayo Project in Chile
  • These encouraging results come from detailed mapping and sampling works across the Pegaso II, Pegaso III, and Pegaso IV targets
  • 55 samples were collected with results confirming high-grade silver mineralisation across all three targets
  • Results peaked at 2810g/t silver and 21.40g/t gold
  • Equus is up a steady 11.1 per cent and shares are trading for two cents each

Equus Mining (EQE) has received encouraging rock chip sampling results from the Cerro Bayo Project in Chile.

These encouraging results come from detailed mapping and sampling works across the Pegaso II, Pegaso III, and Pegaso IV targets before a diamond drilling program begins.

A total of 55 samples were collected, with results confirming high-grade silver mineralisation across all three targets.

Pegaso II

A total of 19 samples were collected from the Pegaso II target with a peak result of 4.6g/t gold and 2810g/t silver being returned.

Other results include 1.4 metres at 5.23g/t gold and 597.9g/t silver from 129.75 metres including 0.45 metres at 14.95g/t gold and 1620.4g/t silver from 156.8 metres, and 1.05 metres at 21.04g/t gold and 265.74g/t silver from 130.9 metres.

Pegaso III

Six samples were collected from Pegaso III, averaging 0.5g/t gold and 71g/t silver.

Results include 0.17 metres at 5.4g/t gold and 721.48g/t silver from 133.95 metres, and 0.2 metres at 4.44g/t gold and 330.56g/t silver from 93.72 metres.

Pegaso IV

27 samples were collected from the Pegaso IV target with a peak value of 0.7g/t gold and 93g/t silver being returned.

Additionally, grades from this target peaked at 4.92g/t gold and 45g/t silver.

"These high-grade results provide us with further confidence of the compelling brownfield potential at the Cerro Bayo Project, particularly considering these targets sit along trend from several of the more significant, historical high-grade silver and gold producing mines," Managing Director John Braham said.

"We are highly encouraged by both the large scale of the Pegaso Targets and the high-grade results returned from both surface geochemistry and limited historical drilling and we are looking forward to the further definition of drill targets on the back of pending rock chip sampling results," he added.

Equus is up a steady 11.1 per cent and shares are trading for two cents each at 1:14 pm AEST.

EQE by the numbers
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