VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2012) - Equinox Exploration Corp. (TSX VENTURE:EQX) (Equinox) announces that it continues to locate new copper manto mineralization during its on-going exploration program at its Aura copper project in the Atacama Desert Region of north central Chile. A total of 6 mantos have been identified to date. Equinox is reporting the new results along with results from sampling earlier this year that ranged from 0.88% to 4.40% copper.
The North manto is the best exposed, opened at a number of locations along 200 metres of strike. The North manto varied in width from 30 to 100 centimetres. It appears to be sub-parallel to the South manto and strikes at 230 degrees with vertical to steep southeast dips. Chrysocolla is common in all exposures. The four samples taken moving from south to north along the exposures returned: 3.03% Cu over 0.60 metres; 2.04% Cu over 0.30 metres; 3.06% Cu over 1.00 metre and 3.11% Cu over 0.60 metres.
The South manto was best exposed in one large open cut. It is 4 metres wide and strikes 230 degrees with a vertical dip. Chrysocolla is abundant throughout the face. A series of 4 samples were taken across the face in 1 metre intervals. They returned values of: 1.57% Cu, 1.45% Cu, 2.38% Cu and 0.88% Cu yielding a combined1.57% Cu over 4 metres.
There are three mantos in the western area, where exact relationships have yet to be worked out. MantoW1 and W2 look like they may actually be the same manto at two locations along strike, though the suspected trends did look different. West 1 was a rubble pile while West 2 was in place, though only the top was exposed. West 3 was sampled in two locations, one as a rubble pile and the other as partially exposed manto. Width and strike measurements were not attainable. A select grab sample was taken from each location: West 1 returned 2.24% Cu and West 2 returned 4.40% Cu with a considerable sulfide component. West 3 returned values of 8.89% Cu, 2.64% Cu and 2.63% Cu. Abundant chrysocolla was noted.
||Total Cu %
||Oxide Cu %
||west manto 1
||west manto 2
||west manto 1
||west manto 1
||west manto 1
The newly discovered Central manto was traced by adits and pits over a horizontal distance and vertical distance both in excess of 100 metres. The manto ranges in width from 2 to 6 metres. A grab sample of copper oxide material from the adit dump returned a value of 9.68% Cu. A 2 metre chip sample from the northern side of the 6 metre manto exposed in a pit returned a value of 3.20% Cu. Once an access road has been established to the area, the manto will be opened up and copper oxide material will be stockpiled.
The Aura crew continues to locate and test new areas of copper mineralization with the aim of opening the occurrences up to assess their potential. EQX continues to stockpile this oxide copper material for shipment to the ENAMI processing facility in Copiapo, Chile.
Grab samples of the copper oxide mineralization were delivered to Acme Analytical Laboratories Ltd. in Santiago, Chile for the 7AR analysis package. Acme is an ISO 9001 certified lab.
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
This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; potential future expansion of the PFNP; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.