Results from Equus Mining Limited’s (ASX: EQE) recently completed Diamond Drilling programme at its Cerro Bayo Project, in Chile, have confirmed epithermal vein silver-base metal rich mineralisation.
The silver mineralisation is hosted within large-scale faults extending south east of the Delia and Coyita Mines. Better results from the drilling campaign included: 3m @ 43.3 g/t Ag, 0.08 g/t Au, 1.72% Cu, 13.15% Pb and 9.9% Zn from 75.3- 78.3m.
Managing Director, John Braham, said the company is very encouraged by these initial reconnaissance results from Cerro Bayo and the highly prospective Brahman Prospect, with silver-base metal rich mineralisation intersected from relatively shallow depths at the Frison Target.
“With the results confirming the extension of large-scale faults along strike of the Delia and Coyita Mines, the company is preparing for the next phase of drilling at the Brahman Prospect.
“Exploration activity is in full swing throughout the Cerro Bayo Mine district, with the Company executing drilling programs at Brahman, Simmental and Droughtmaster Prospects
Concurrently, our exploration team is completing a review of historical data for the Taitao open pit area, which shows significant brownfield potential within 1km of the Cerro Bayo plant and operations.
“The company looks forward to a busy few months with significant news flow expected.”
A seven-hole reconnaissance diamond drill programme totalling 1,908m was completed at the Brahman Prospect, targeting mineralised extensions to large-scale faults which host mineralisation at the Delia and Coyita mines, located within 1km to the northwest of the Frison Target. The holes were drilled to an average downhole depth of 272m.
Results have been received for the first five holes at the Frison Target to date.
The company’s Flagship Cerro Bayo Project contains an existing 1,500 tpd processing plant through which historical production of 645Koz Gold and 45Moz Silver was achieved up until the mine ́s temporary closure in mid 2017.The Cerro Bayo Project is located central to the approximate 350 sq. km of prospective Gold-Silver landholdings held by the company