Equinox Gold Announces New East Ridge Discovery at Castle Mountain Mine
TSX-V: EQX
OTC: LWLCF
Suite 730 – 800 West Pender St., Vancouver, BC Canada V6C 2V6
[email protected] +1 604.558.0560 www.equinoxgold.com
NEWS RELEASE
Equinox Gold Announces New East Ridge Discovery at Castle Mountain Mine
February 15, 2018 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX, OTC: LWLCF) (“Equinox Gold” or “the
Company”) is pleased to announce the discovery of significant gold mineralization at the East Ridge target,
peripheral to the current resource pit at the Company’s 100%- owned Castle Mountain Gold Mine (“Castle
Mountain”) in California. A channel sampling program covering a portion of the East Ridge target identified
extensive, previously unrecognized gold mineralization on surface that is corroborated by three of the best
drill results from the Q4-2017 exploration program.
East Ridge Drill Highlights
• 1.60 grams per tonne gold (“g/t Au”) over 32.3 metres (“m”) and 1.08 g/t Au over 17.7 m in hole 261C
• 0.65 g/t Au over 34.6 m in hole 282C
• 1.27 g/t Au over 62.3 m in hole 284C
The Company completed 27 holes totalling 9,230 m during the fourth quarter of 2017 and obtained additional
positive results from drilling designed to test the margins of the current modelled resource pit and below the
historical open pits (JSLA, Jumbo and Oro Belle).
Additional Drilling Highlights
• 0.39 g/t Au over 32.6 m in hole 260C
• 0.51 g/t Au over 35.1 m in hole 262C
• 0.63 g/t Au over 18.6 m in hole 265C
• 0.35 g/t Au over 32.0 m in hole 268C
• 1.40 g/t Au over 9.30 m and 0.35 g/t Au over 35.2 m in hole 271C
• 0.33 g/t Au over 73.5 m in hole 274C
• 0.60 g/t Au over 64.0 m, 0.70 g/t Au over 27.9 m, and 0.35 g/t Au over 65.7 m in hole 275C
• 1.10 g/t Au over 31.9 m in hole 276C
• 1.01 g/t Au over 44.4 m and 1.49 g/t Au over 21.6 m in hole 283C
• 0.45 g/t Au over 24.7 m, 0.56 g/t Au over 58.3 m, and 0.75 g/t Au over 15.2 m in hole 285C
• 0.74 g/t Au over 14.9 m in hole 286C
• For a map of East Ridge drilling and highlight results, click here
• For a map of Castle Mountain Q4-2017 drilling and highlight results, click here
• For a complete table of Castle Mountain Q4-2017 exploration drill results, click here
“Drilling continues to confirm the potential for significant resource growth at Castle Mountain,” said Scott
Heffernan, EVP Exploration of Equinox Gold. “The 2017 Phase 2 drilling program focus ed on testing new
geological concepts, under-drilled regions below the resource pit, and potential extensions of mineralization
along strike to the north of the Oro Belle pit and east of the Oro Belle and Jumbo pits, in particular at the East
Ridge target. Results to date have been excellent, encountering ore- grade mineralization over significant
widths near the margins and outside of the current resource pit.”
The Company drilled 58,100 m at Castle Mountain in 2017 (see previous Castle Mountain press releases on
SEDAR at www.sedar.com under NewCastle Gold’s profile) . The Castle Mountain exploration team is
currently integrating the results of the 2017 program with detailed geological mapping and updating the
existing 3D geological model of the deposit to gain an improved understanding of the controls on
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mineralization. Additionally, a regional geological mapping and prospecting program is underway and the
Company intends to drill more than 30,000 m later in 2018.
On behalf of the Board of Equinox Gold Corp.
“Christian Milau”
CEO & Director
About Equinox Gold
Equinox Gold is a Canadian mining company with a multi-million-ounce gold resource base, near -term and
growing gold production from two past -producing mines in Brazil and California, and a long -term growth
platform with a diverse portfolio of gold and copper assets in North and South America. Construction is
underway at the Company’s Aurizona project in Brazil with the objective of pouring gold by year -end 2018,
and a prefeasibility study is underway at the Company ’s Castle Mountain project in California with the
objective of restarting production. Further information about Equinox Gold’s current portfolio of assets and
long-term growth strategy is available at www.equinoxgold.com or by email at [email protected].
Equinox Gold Contacts
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: [email protected]
Qualified Person and Disclosure Statement
Scott Heffernan, M.Sc., P.Geo., the Company’s EVP Exploration and Qualified Person under National Instrument 43 -101,
has reviewed and verified that the technical information contained in this news release is accurate and approves the
written disclosure of the same. Drill composites were calculated using cut -off values of 0.2 g/t, 1.2 g/t or 5.0 g/t gold as
specified in the drill table and contain no more than ~5 metres (15 feet) of internal waste. Drill intersections are calculated
using uncut assays and ar e reported as drilled thicknesses. All samples were submitted to Inspectorate Labs in Reno,
Nevada for sample preparation. Sample pulps were then sent to Sparks, Nevada for geochemical analysis for gold by fire
assay of a 30 -gram charge with an Atomic Abso rption finish (AA). Samples with AA gold values over 10.0 g/t we re re-
assayed by Screen Metallics fire assay . Surface samples are collected using a portable gas -powered rock saw and
submitted for gold by fire assay of a 3 0-gram charge, and a multi -element geochemical suite of 53 elements by aqua
regia digestion and analysis by Inductively-Coupled Mass Spectrometry (ICP-MS). Control samples (accredited standards,
blanks and duplicate samples at the field and preparation stages) were inserted on a regular basis. Results were
monitored upon receipt of assays.
Cautionary Notes and Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward -looking information and forward -looking statements within the meaning of
applicable securities legislation (collectively “forward- looking statements”). The use of the words “will”, “currently ”,
“updating”, “objective”, “underway”, “continues”, “potential”, “intends” and similar expressions are intended to identify
forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to,
statements regarding the exploration strategy and potential at Castle Mountain, production potential from the Aurizona
Gold Mine and Castle Mountain Gold Mine, the Castle Mountain prefeasibility study, the potential for other assets of the
Company, and the long- term growth potential of the Company . Although the Company believes that the expec tations
reflected in such forward- looking statements and/or information are reasonable, undue reliance should not be placed
on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct.
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These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward- looking statements, including the risks, uncertainties
and other factors identified in the Company’s periodic filings with Canadian securities regulators, and assumptions made
with regard to the Company’s exploration strategy at Castle Mountain, the results of Castle Mountain exploration and
the impact of Castle Mountain exploration; the Com pany’s ability to complete the Castle Mountain prefeasibility study
and the results of the study; the Company’s ability to complete construction at Aurizona and the timing to achieve
production; and the Company’s ability to achieve its expected growth and production potential. Furthermore, the
forward-looking statements contained in this news release are made as at the date of this news release and the Company
does not undertake any obligations to publicly update and/or revise any of the included forward- looking statements,
whether as a result of additional information, future events and/or otherwise, except as may be required by applicable
securities laws.