The newest ASX gold and silver producer
located within a world class epithermal silver-gold district in southern Chile
Equus Mining Limited (ASX:EQE)
Equus Mining is an ASX-listed gold and silver producer with its core focus on the historical high-grade gold-silver producing Cerro Bayo mining district in southern Chile which features historical production of 650koz Au, 45Moz Ag at average grades of 5.42 g/t AuEq (2.81 g/t Au, 196 g/t Ag).
In December 2021, the Company acquired 100% ownership over the Cerro Bayo Project from Mandalay Resources. This includes ownership of the mine, operational processing infrastructure and 295km2 mining claim package. This transaction marks an important milestone in Equus’ growth from explorer to producer.
The Company has reported an Inferred Mineral Resource estimate of 302,000oz AuEq @ 2.5 g/t AuEq peripheral to the historic Taitao Pit, located between 200m to 1,200m of the operational 0.5Mtpa flotation plant. Recently the Company announced standout new drill intercepts from the margins of the resource, including 4.14m @ 17.9 g/t AuEq (11.0 g/t Au, 520.0 g/t Ag), which comprise portions of a large newly interpreted exploration target beneath the historic 1.4km long Taitao Pit.
The Company continues to aggressively advance mine restart studies as well as brownfields and greenfields exploration on high-priority targets as part of a dual track strategy underpinned by robust production and cashflow from stockpiles.