Equinox Exploration Corp. Reports Grab Samples from 0.32% to 18.35% Copper from Its Binghampton Copper Queen Project in West Central Arizona Jul 24, 2012
Equinox Exploration Corp. (TSX VENTURE: EQX) (Equinox) has received assay results from preliminary grab sampling underground at Copper Queen and surface trench sampling at its Binghamton Copper Queen volcanogenic massive sulfide (VMS) Project near Prescott, Arizona within the Arizona Copper Belt. Key points are:
- Grab rocks samples from surface ranged from 0.32% Cu to 18.35% Cu
- Grab underground samples from the Copper Queen ranged from 0.36% Cu to 8.30% Cu
- Complete sampling details can be found in the following table
- Underground channel sampling will begin the week of July 23, 2012 at Copper Queen.
- The results from the HELITEM EM survey remain outstanding
The underground sampling consisted of chip grab samples of copper mineralization from the walls and backs of the adits and drifts at various locations along the accessible levels, sub-levels and stopes. Mineralization generally consisted of 1 mm to 5 cm chalcopyrite seams within a 2 to 4 metre wide, steeply dipping silica rich zone. Bornite is also common within the chalcopyrite and pyrite is rare.
The surface samples are grab samples of visible oxide copper mineralization from the trenches excavated on a parallel mineralized trend 375 metres to the south of the Copper Queen Mine. The oxide copper mineralization consisted of malachite and azurite with sulfide leach zones ranging from 2 m to 40 m wide. Minor silica replacement was noted in the zones. The samples were composite grabs across the leached zones.
Underground Grab Samples
|
Sample |
Location |
Mineralization |
ppm Cu |
% Cu |
ppb Au |
|
300-1 |
300 level |
chalcopyrite, bornite |
|
7.71 |
218.5 |
|
300-2 |
300 level |
chalcopyrite, bornite |
|
2.56 |
5814.8 |
|
350-1 |
350 level |
chalcopyrite, bornite |
8,630 |
0.86 |
317.5 |
|
400-1 |
400 level |
chalcopyrite, bornite |
|
7.02 |
700.6 |
|
400-2 |
400 level |
chalcopyrite, bornite |
5,865 |
0.59 |
326.7 |
|
400-3 |
400 level |
chalcopyrite, bornite |
|
3.66 |
325.7 |
|
400-4 |
400 level |
chalcopyrite, bornite |
2,205 |
0.22 |
221.9 |
|
400-5 |
400 level |
chalcopyrite, bornite |
|
4.89 |
539.1 |
|
400-6 |
400 level |
chalcopyrite, bornite |
|
2.84 |
61.4 |
|
400-7 |
400 level |
chalcopyrite, bornite |
8,283 |
0.83 |
41.4 |
|
400-8 |
400 level |
chalcopyrite, bornite |
|
2.90 |
107.9 |
|
400-9 |
400 level |
chalcopyrite, bornite |
|
1.72 |
221.6 |
|
400-10 |
400 level |
chalcopyrite, bornite |
|
3.48 |
174.0 |
|
400-11 |
400 level |
chalcopyrite, bornite |
6,166 |
0.62 |
517.2 |
|
400-12 |
400 level |
chalcopyrite, bornite |
5,705 |
0.57 |
65.6 |
|
400-13 |
400 level |
chalcopyrite, bornite |
|
4.62 |
1344.5 |
|
400-14 |
400 level |
chalcopyrite, bornite |
5,360 |
0.54 |
1553.5 |
|
200-1-151 |
200 level |
chalcopyrite, pyrite |
3,595 |
0.36 |
131.0 |
|
200-2-172 |
200 level |
chalcopyrite, pyrite |
|
4.42 |
2741.9 |
|
CUQ-1 |
dump |
azurite, malachite |
|
8.30 |
314.3 |
|
CUQ-2 |
outcrop |
malachite |
|
2.15 |
150.9 |
Surface Trench Grab Samples
|
Sample |
Location |
Mineralization |
ppm Cu |
% Cu |
ppb Au |
|
G-6-1 |
trench |
malachite, azurite |
|
1.72 |
10.6 |
|
G-9 |
trench |
malachite, azurite |
|
12.57 |
646.3 |
|
G-10 |
trench |
malachite, azurite |
|
4.48 |
73.1 |
|
G-1 |
trench |
malachite, azurite |
|
18.35 |
343.0 |
|
G-2 |
trench |
malachite, azurite |
3,198 |
0.32 |
2.5 |
|
G-4-1 |
trench |
malachite, azurite |
|
1.04 |
11.2 |
|
G-5A-1 |
trench |
malachite, azurite |
|
10.94 |
64.0 |
|
G-6B-1 |
trench |
malachite, azurite |
|
1.25 |
36.8 |
Equinox is continuing exploration at Binghamton Copper Queen, sampling the surface trenches in greater detail and channel sampling the accessible underground workings at the Copper Queen Mine. This sampling program in combination with the awaited results from the airborne EM survey will assist in directing the upcoming diamond drill program later in the year.
"We are excited about the initial results of our sampling and look forward to our drill program," stated Vic Nielsen, President of Equinox Exploration Corp.
All samples have been sent to Acme Analytical Labs in Vancouver, B.C., an ISO9001 certified lab. All results for copper reported in this news release were from ICP MS, with samples yielding greater than 1 per cent copper re-analyzed by ICP ES. At this preliminary stage of the exploration program, the Company is relying on laboratory's internal QA/QC procedures.
Equinox is earning a 100-per-cent interest in the Binghampton property by making cash payments of $1.25-million and issuing five million shares over the next four years, subject to a 3-per-cent net smelter return royalty. Equinox has the right to purchase the royalty at a price of $1-million (U.S.) per 1 per cent. In addition, Equinox is obligated to pay $250,000 and issue a further one million shares on the filing of a National Instrument 43-101 resource estimate for the property.
About Equinox Exploration Corp.
Equinox Exploration Corp. is a publicly traded corporation listed on the TSX-Venture Exchange (EQX-TSX-V) and is engaged in mineral exploration and development in the United States and Chile. The major focus is on copper exploration properties in the Southwest United States where management has extensive experience and a proven track record of discovery. To find out more about Equinox visit its website at www.EquinoxExploration.com.
R. Tim Henneberry, P Geo., on the Advisory Board of Equinox, is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors of Equinox Exploration Corp.
Roy Fuller-Director





