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ZURICH, SWITZERLAND / ACCESSWIRE / August 29, 2016 / Today, Stephan Bogner from Rockstone Research published an update on Equitas Resources Corp. (TSX.V: EQT) as, earlier today, the company delivered the second set of assays from drilling its 100% owned Cajueiro Gold Project in the Brazilian states of Para and Mato Grosso.
The encountered gold mineralization is significant when considering that most gold open-pits worldwide currently operate with average grades between 0.7 and 2 g/t. Of the 37 holes, 33 intercepts with a gold mineralization ranging between 0.95 and 4.07 g/t were identified.
This is a remarkable achievement considering that the drilling program was completed in an area of the Baldo Zone which gave Rockstone the impression of not being as prospective as other parts. Equitas conducted the exploration program there in order to be granted a full mining licence for Baldo.
Therefore, today's results are valued as a pleasant surprise and are an indication that the best is still to come because the upcoming exploration program (such as drilling and trenching) in other parts of Baldo - and especially in the nearby Crente Zone - may deliver even better results.
The Baldo Zone is already in moderate sluice-box production, set to expand significantly with plans for a new CIL processing plant to be installed shortly. In comparision with other gold projects in South America, Equitas provides great chances for substantial appreciation going forward. Assays are pending from 2 more highly interesting holes drilled at Crente and should be released within the next 2 weeks.
The full research report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/Equitas14en.pdf
English (web version):
http://rockstone-research.com/index.php/en/research-reports/1575-Surprisingly-good-drill-assays-but-the-best-is-yet-to-come
German (PDF):
http://rockstone-research.com/images/PDF/Equitas14de.pdf
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Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
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