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Equus Mining (ASX:EQE) has discovered multiple structural corridors of high-grade silver-gold mineralisation at the its Los Domos project in Chile.
During October 2016, Equus secured the rights to acquire the Los Domos gold-silver project located in Chile’s XI Region, adjacent to the Cerro Bayo silver-gold mine.
The Cerro Bayo silver-gold mining operations, owned by Mandalay Resources Corp (TSE:MND), is currently producing around 30,000 ounces of gold and 3 million ounces of silver per annum. The Los Domos gold-silver project comprises 4,100 hectares of mining and exploration licences. Mapping and geochemical sampling has delineated multiple structural corridors hosting gold-silver bearing quartz veins and hydrothermal breccias (a type of sedimentary rock).
The halt will remain in place until the opening of trade on Tuesday 25th October 2016, or earlier if an announcement is made to the market.
Equus Mining (ASX: EQE) is focused on identifying and evaluating copper and gold resource opportunities as a precursor to developing new mines in the metal-rich provinces of Chile, South America.