Equinox Gold Reports New High-Grade Resource Expansion Drill Results
Equinox Gold (NYSE: EQX) has reported exceptional high-grade gold drilling results from its El Limon Mine Complex in Nicaragua. The exploration campaign revealed significant intercepts including 36.77 g/t gold over 6.9 metres, 8.55 g/t gold over 14.6 metres, and 10.19 g/t gold over 6.0 metres.
Since acquiring El Limon from B2Gold in Q4 2019, Equinox Gold has achieved remarkable growth, increasing Mineral Reserves by over 700% to 1.12 million ounces grading 4.36 g/t gold as of year-end 2024. The company recently celebrated producing its one-millionth ounce of gold in Nicaragua since the acquisition.
The drilling program has identified mineralization extensions in three key areas: near the Panteon underground mine, along the VTEM Gold Corridor, and near the past-producing Talavera mine. The company has demonstrated success in bringing new satellite mines to production within 18-24 months of discovery.
Equinox Gold (NYSE: EQX) ha riportato risultati eccezionali di perforazione ad alto tenore d'oro presso il suo Complesso Minerario El Limon in Nicaragua. La campagna di esplorazione ha evidenziato intercetti significativi, tra cui 36,77 g/t oro su 6,9 metri, 8,55 g/t oro su 14,6 metri e 10,19 g/t oro su 6,0 metri.
Da quando ha acquisito El Limon da B2Gold nel quarto trimestre del 2019, Equinox Gold ha registrato una crescita straordinaria, aumentando le Riserve Minerarie di oltre il 700% fino a 1,12 milioni di once con una gradazione di 4,36 g/t oro a fine 2024. La società ha recentemente celebrato la produzione della sua milionesima oncia d'oro in Nicaragua dall'acquisizione.
Il programma di perforazione ha identificato estensioni di mineralizzazione in tre aree chiave: vicino alla miniera sotterranea Panteon, lungo il Corridoio d'Oro VTEM e vicino alla miniera Talavera, che ha prodotto in passato. L'azienda ha dimostrato successo nel portare nuove miniere satelliti in produzione entro 18-24 mesi dalla scoperta.
Equinox Gold (NYSE: EQX) ha reportado resultados excepcionales de perforación de oro de alta ley en su Complejo Minero El Limón en Nicaragua. La campaña de exploración reveló interceptaciones significativas, incluyendo 36,77 g/t de oro sobre 6,9 metros, 8,55 g/t de oro sobre 14,6 metros y 10,19 g/t de oro sobre 6,0 metros.
Desde que adquirió El Limón de B2Gold en el cuarto trimestre de 2019, Equinox Gold ha logrado un crecimiento notable, aumentando las Reservas Minerales en más del 700% hasta 1,12 millones de onzas con una ley de 4,36 g/t de oro al cierre de 2024. La compañía celebró recientemente la producción de su millón de onzas de oro en Nicaragua desde la adquisición.
El programa de perforación ha identificado extensiones de mineralización en tres áreas clave: cerca de la mina subterránea Panteon, a lo largo del Corredor de Oro VTEM y cerca de la mina Talavera, que operó anteriormente. La empresa ha demostrado éxito al llevar nuevas minas satélite a producción en un plazo de 18 a 24 meses desde su descubrimiento.
Equinox Gold (NYSE: EQX)는 니카라과 엘 리몬 광산 단지에서 고품위 금 시추 결과를 보고했습니다. 탐사 캠페인에서는 6.9미터 구간에서 36.77 g/t 금, 14.6미터 구간에서 8.55 g/t 금, 그리고 6.0미터 구간에서 10.19 g/t 금과 같은 중요한 시추 구간이 확인되었습니다.
2019년 4분기에 B2Gold로부터 엘 리몬을 인수한 이후, Equinox Gold는 광물 매장량을 700% 이상 증가시켜 2024년 말 기준으로 4.36 g/t 금 등급의 112만 온스를 기록하는 등 놀라운 성장을 이루었습니다. 최근 회사는 인수 이후 니카라과에서 100만 온스의 금 생산을 달성한 것을 기념했습니다.
시추 프로그램은 판테온 지하광산 인근, VTEM 금 코리도르를 따라, 그리고 과거 생산된 탈라베라 광산 인근 등 세 곳의 주요 지역에서 광물화 확장 구간을 확인했습니다. 회사는 발견 후 18~24개월 내에 새로운 위성 광산을 생산 단계로 전환하는 데 성공을 거두고 있습니다.
Equinox Gold (NYSE: EQX) a annoncé des résultats exceptionnels de forage à haute teneur en or dans son complexe minier El Limon au Nicaragua. La campagne d'exploration a révélé des intersections significatives, notamment 36,77 g/t d'or sur 6,9 mètres, 8,55 g/t d'or sur 14,6 mètres et 10,19 g/t d'or sur 6,0 mètres.
Depuis l'acquisition d'El Limon auprès de B2Gold au quatrième trimestre 2019, Equinox Gold a connu une croissance remarquable, augmentant ses réserves minérales de plus de 700% pour atteindre 1,12 million d'onces à une teneur de 4,36 g/t d'or à la fin de l'année 2024. La société a récemment célébré la production de son millionième once d'or au Nicaragua depuis l'acquisition.
Le programme de forage a identifié des extensions de minéralisation dans trois zones clés : près de la mine souterraine de Panteon, le long du corridor aurifère VTEM, et près de l'ancienne mine de Talavera. L'entreprise a démontré son succès en mettant en production de nouvelles mines satellites dans un délai de 18 à 24 mois après leur découverte.
Equinox Gold (NYSE: EQX) hat außergewöhnliche hochgradige Goldbohrergebnisse von seinem El Limon Bergbaukomplex in Nicaragua gemeldet. Die Erkundungskampagne ergab bedeutende Abschnitte mit 36,77 g/t Gold über 6,9 Meter, 8,55 g/t Gold über 14,6 Meter und 10,19 g/t Gold über 6,0 Meter.
Seit der Übernahme von El Limon von B2Gold im vierten Quartal 2019 hat Equinox Gold ein bemerkenswertes Wachstum erzielt und die Mineralreserven um über 700% auf 1,12 Millionen Unzen mit einem Gehalt von 4,36 g/t Gold bis Ende 2024 gesteigert. Das Unternehmen feierte kürzlich die Produktion seiner einmillionsten Unze Gold in Nicaragua seit der Übernahme.
Das Bohrprogramm hat Mineralisierungserweiterungen in drei Schlüsselbereichen identifiziert: nahe der Panteon-Untergrundmine, entlang des VTEM-Goldkorridors und in der Nähe der ehemals produzierenden Talavera-Mine. Das Unternehmen hat bewiesen, dass es erfolgreich neue Satellitenminen innerhalb von 18-24 Monaten nach der Entdeckung in Produktion bringen kann.
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Insights
Equinox Gold's exceptional high-grade drill results at El Limon suggest significant resource growth potential and mine life extension.
The exploration results from El Limon mine represent a remarkably successful drilling campaign with exceptionally high-grade intercepts. The standout result of
What's particularly significant is the lateral extension potential identified in three distinct areas: near the operating Panteon underground mine, along the VTEM Gold Corridor, and along the past-producing Talavera mine trend. This multi-target success demonstrates the property's district-scale potential rather than isolated high-grade pockets. The results suggest the mineralized system is more extensive than previously understood.
The historical context provided is equally impressive. Since acquisition in 2019, Equinox has increased reserves by over
With surplus milling capacity in their hub-and-spoke model, these new high-grade zones could be fast-tracked into the production schedule with minimal capital requirements, potentially increasing production rates and reducing costs through grade improvements. The 4.36 g/t reserve grade already positions El Limon in the upper quartile of global gold operations, and these new results suggest further grade improvements may be possible.
Intercepts include 36.77 g/t gold over 6.9 metres, 8.55 g/t gold over 14.6 metres, 10.19 g/t gold over 6.0 metres
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to provide an update from the exploration campaign at its producing El Limon Mine Complex ("El Limon") in Nicaragua. Initial results of the planned 100,000 metres of discovery and resource expansion diamond drilling at El Limon in 2025 have yielded the highest-grade gold mineralization discovered to date on the property, demonstrating significant potential to extend the mineralized corridor to both the north and west of the existing producing deposits.
El Limon Highlight Drill Results (see Figure 1 and Table 1)
- 36.77 grams per tonne gold ("g/t Au") over 6.9 metres estimated true width ("ETW") (EL-TMR-25-036)
- 13.93 g/t Au over 2.7 metres ETW (LIM-24-5088), 17.85 g/t Au over 3.2 metres ETW (EL-TMR-25-016)
- 22.18 g/t Au over 4.4 metres ETW (EL-TMR-25-031), 8.45 g/t Au over 3.2 metres ETW (EL-TMR-25-021)
- 13.47 g/t Au over 4.5 metres ETW (EL-TLV-25-1704), 4.55 g/t Au over 5.2 metres ETW (EL-BAB-25-150)
- 10.19 g/t Au over 6.0 metres ETW (EL-TLV-25-1706), 5.46 g/t Au over 5.0 metres ETW (EL-TLV-25-1705)
- 8.55 g/t Au over 14.6 metres ETW (EL-BAB-25-121), 27.39 g/t Au over 1.9 metres ETW (EL-TMR-25-041)
- 12.71 g/t Au over 3.7 metres ETW (EL-TLV-25-1710)
Darren Hall, Chief Executive Officer of Equinox Gold commented: "El Limon was acquired from B2Gold in Q4 2019, at a time when the Nicaraguan assets contained a combined Mineral Reserve of approximately 140,000 ounces of gold. Since then, through focused exploration and disciplined execution, the team has delivered more than a
"These recent high-grade drilling results demonstrate the extension of gold mineralization in three areas of the property: adjacent to the operating Panteon underground mine, along the multi-kilometre VTEM Gold Corridor and along trend of the past-producing Talavera mine. The Company currently has an active multi-rig drill program underway and today's results at El Limon continue to demonstrate the potential for meaningful mineral resource growth and additional new discoveries.
"Over the last five years, we have successfully permitted and brought four new satellite mines into production in the country, typically progressing from discovery to first production within 18 to 24 months. Given the upside potential for new satellite mines, our permitting track record, and surplus milling capacity within the hub and spoke operating platform, we believe these exploration results continue to significantly enhance the long-term value of these assets in Equinox Gold's portfolio."
Link 1 - Figures
Link 2 - Tables
About Equinox Gold's Nicaraguan Assets
Equinox Gold's Nicaraguan assets operate as a "hub and spoke" platform, whereby ore from multiple open-pit and underground deposits is processed at either the El Limon or La Libertad mills, which combined have 2.7 million tonnes per year of installed processing capacity. The Company has more than one million tonnes of surplus processing capacity available at its Nicaraguan processing facilities, providing significant flexibility for future growth.
El Limon has produced more than four million ounces of gold to date and continues to demonstrate strong exploration upside. Looking ahead, the Company's Nicaraguan exploration strategy will prioritize resource expansion and discovery drilling across existing resource zones and at high-priority targets including the VTEM Gold Corridor and the past-producing Talavera underground mine, which produced approximately 800,000 ounces of gold when in operation.
Talavera represents a new opportunity at the prolific El Limon property given its location less than three kilometres west of the El Limon processing facility. The extension of mineralization approximately 750 metres west of this historical mine (see Calibre Mining news release dated November 18, 2024) and the discovery of several parallel sub vertically dipping veins led to the delineation of a new 630,000 ounce Inferred Mineral Resource (3.8 million tonnes grading 5.09 g/t gold) (see Calibre Mining news release dated January 29, 2025). The Company's 2025 exploration program at Talavera includes both expansion and delineation drilling while advancing environmental permits, with the objective of ultimately advancing this new deposit to production.
Quality Assurance/Quality Control
Equinox Gold maintains a Quality Assurance/Quality Control ("QA/QC") program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is halved and shipped in sealed bags to Bureau Veritas in Managua, Nicaragua, an independent analytical services provider with global certifications for Quality Management Systems ISO 9001:2008, Environmental Management: ISO14001 and Safety Management OH SAS 18001 and AS4801. Prior to analysis, samples are prepared at Veritas' Managua facility and then shipped to its analytical facility in Vancouver, Canada. Gold analyses are routinely performed via fire assay/AA finish methods. For greater precision of high-grade material, samples assaying 10 g/t Au or higher are re-assayed by fire assay with a gravimetric finish. Analyses for silver and other elements of interest are performed via Inductively Coupled Plasma (ICP). Additional information regarding the Company's data verification processes is set out in the El Limon Technical Report, which can be found on the Company's website and on Calibre Mining's profile on SEDAR+ at www.sedarplus.ca.
Qualified Person and Technical Information
The scientific and technical information contained in this news release was approved by David Schonfeldt, P. Geo., VP Mining Geology for Equinox Gold and a "Qualified Person" under National Instrument 43-101. The Mineral Reserve estimate for the Nicaragua assets was disclosed by Calibre Mining Corp. in its Annual Information Form dated March 14, 2025, for the year ended December 31, 2024, which can be found on Calibre Mining's profile on SEDAR+ at www.sedarplus.ca.
About Equinox Gold
Equinox Gold (TSX: EQX) (NYSE American: EQX) is a Canadian mining company positioned for growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth. Learn more at www.equinoxgold.com or contact ir@equinoxgold.com.
Equinox Gold Contact
Ryan King
Senior Vice President, Capital Markets and Strategy
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com
Cautionary Notes & Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively "Forward-looking Information"). Actual results of operations and the ensuing financial results may vary materially from the amounts set out in any Forward-looking Information. Forward-looking Information in this news release relates to, among other things: the strategic vision for the Company and expectations regarding exploration potential, production capabilities, growth potential, expansion projects and future financial or operating performance, including exploration upside at El Limon and potential future mining opportunities at Talavera. Forward-looking Information is generally identified using words like "will", "potential", "growth", "future", "continues", "target", "opportunity", "objective", and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify Forward-looking Information. Although the Company believes that the expectations reflected in such Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since the Company can give no assurance that such expectations will prove to be correct. The Company has based Forward-looking Information on the Company's current expectations and projections about future events and these assumptions include: Equinox Gold's ability to achieve the exploration production, cost and development expectations for its respective operations and projects, including El Limon; prices for gold remaining as estimated; availability of funds for the Company's projects and future cash requirements; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; no unexpected geological formations or environmental hazards are encountered;; tonnage of ore to be mined and processed and ore grades and recoveries remaining consistent with mine plans. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.
Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include those described in the section "Risk Factors in in the Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section titled "Risks Related to the Business" in Equinox Gold's most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar and in the section "Risk Factors" in Calibre Mining's MD&A dated February 19, 2025 for the year ended December 31, 2024 and the section titled "Risk Factors" in Calibre Mining's most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca. Forward-looking Information reflects management's current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting Forward-looking Information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.
Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Mineral Resources
Disclosure regarding the Company's mineral properties included in this news release was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the Securities and Exchange Commission (the "SEC") generally applicable to U.S. companies. Accordingly, information contained in this news release is not comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.
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FAQ
What were the highest-grade gold results from EQX's El Limon drilling program?
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Where are the new gold mineralization extensions located at El Limon?
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