Partners pull good holes on Equinox properties

Cominco Resources intersected oxide gold mineralization grading 0.27 oz gold over a 115-ft interval from 0-115 ft on its 76.44%-owned Buckhorn property located 70 miles south of Carlin, Nev.

The exploration hole was drilled north of the area where Cominco Resources operates a 3,000-ton- per-day heap leach mining operation. Equinox holds a 23.56% interest in the Buckhorn mine property.

George Tikkanen, president of Cominco Resources, told The Northern Miner that previous drilling around the mineralized area suggests it to be “somewhat closed off,” hence the company’s cautious view of the significance of the drill intersection. Tikkanen said the reserve potential of the area is being evaluated by follow-up drilling.

Another good hole was pulled by LAC on the Rosebud property owned by Equinox. LAC has an option to earn a 50% interest in the property which is part of a large- scale exploration effort involving an approximate 10,000-acre land assemblage held by LAC north of Lovelock, Nevada.

In the fifth hole of its 7-hole reconnaissance program, LAC intersected 165 ft grading 0.17 oz gold per ton from 370 ft to the bottom of the hole.

The bottom 10 ft of the hole assayed 0.258 oz gold per ton, which Equinox said indicates that mineralization continues to depth.

Craig Nelson of LAC’s Reno office said the discovery so far does not indicate a heap leach target as the mineralization is associated with sulphides.

“It’s a good hole but we really need to see more drilling around it to see if it has any significance,” he said, adding that the company is about to start a further 15-hole drill program to test the new zone.

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