A view of the La Tigra openpit at El Limon, in Nicaragua. Credit: Henry Lazenby
Equinox Gold (TSX, NYSE-AM: EQX) said new drilling at its El Limon mine in Nicaragua yielded the highest-grade gold mineralization discovered to date on the property.
Highlight hole EL-TMR-25-036, which is located along the so-called VTEM corridor, cut 10.8 metres grading 36.77 grams per tonne gold from 93 metres depth, Equinox said Monday in a statement. Another hole, EL-BAB-25-121, intersected 15.3 metres grading 8.55 grams gold per tonne from 126.6 metres downhole.
The results are the first to be released from a planned 100,000-metre program of discovery and resource expansion diamond drilling at El Limon, which Equinox acquired from B2Gold (TSX: BTO; NYSE-AM: BTG) in 2019. El Limon, which has produced more than four million oz. gold so far, “continues to demonstrate strong exploration upside,” according to the…
