09:40 AM EDT, 06/11/2018 (MT Newswires) -- Equinox Gold (EQX.V) -- a Canadian mining company -- on Mondayreported "positive results" from the Piaba West infill and step-out drill program. It added that drilling is underway at the Tatajuba target at the company's wholly owned Aurizona Gold Mine in Brazil.
The company has drilled 115 step-out and infill drill holes (16,084 m) in the Piaba West area in 2017 and early 2018, demonstrating that mineralization extends up to 350 metres along strike to the west of the existing Piaba reserve pit and at depth below the shallow western end of the pit.
Equinox is integrating the drill results into an updated Mineral Resource Estimate that is expected to be complete in Q3 2018.
"Results from the final 30 drill holes (5,045 m) continue to highlight the resource growth potential at Aurizona," said Equinox.
Shares at last look dropped less than 1.0% to $1.04 apiece in a 52-week range of $0.88 - 1.39.
Price: 1.04, Change: -0.01, Percent Change: -0.95
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