A Focus on Building a Precious Metal Producer, Cerro Bayo District, Chile

A Focus on Building a Precious Metal Producer, Cerro Bayo District, Chile

A Focus on Building a Precious Metal Producer, Cerro Bayo District, Chile

Welcome To Equus Mining Limited

Equus Mining Limited (“Equus”) is an Australian Exploration and Development Company listed on the Australian Securities Exchange.

The company is primarily focused on the exploration and development of gold-silver-polymetallic projects in the politically stable and supportive mining jurisdiction of Chile’s XI Region, in the northwestern portion of the highly prospective, world-class Deseado Massif precious metal province.

The company recently signed a 3-year option with Mandalay Resources (TSX: MND) to acquire Mandalay’s 29,495 hectare highly prospective Cerro Bayo claim package and mine and plant infrastructure, the latter having been on care and maintenance since mid-2017. This underutilized mine and processing infrastructure is strategically located near Equus’ two premier projects, Los Domos and Cerro Diablo, a total of 6,600 hectares which are 100% controlled by Equus. The Cerro Bayo Mine has produced in the order of 600,000oz Au and 40Moz Ag since 1995 and the large Cerro Bayo Mine claim package is considered by Equus to hold good potential for hosting significant additional resources.

Preparation for further drilling is progressing at the company’s flagship Los Domos Project, located 20km from the Cerro Bayo flotation plant and mine, where recent mapping and sampling of previous and newly identified host structures has further defined drill targets. The Los Domos Project hosts an extensive precious metal and polymetallic, low to intermediate sulphidation style epithermal system.

Drilling to date has defined widespread high-grade Au, Ag and Zn mineralization hosted in a series of strike extensive vein-breccia structures, demonstrated by results including hole LDD-035 with a true width interval of 6.86m @ 17.92g/t AuEq comprising 2.6 g/t Au, 181.3 g/t Ag, 8.5% Zn, 4.2% Pb and 0.34 % Cu. The project has been identified by the Chilean Ministry of Economy as being important to sustain economic growth in the region, especially considering the recent cessation of mining and processing at the region’s two mines, both of which are currently under care and maintenance.

Additionally, Equus is progressing exploration at its 4,554 hectare precious metal rich, polymetallic Cerro Diablo project, located 25km kilometers from the Cerro Bayo flotation plant, where mapping and geochemical sampling has defined widespread zones hosting high-grade Au-Ag-Cu-Zn mineralization as multiphase quartz-chalcopyrite-pyrite ± jasperoid vein-breccias, in preparation for maiden drill testing.