Equinox Resources Ltd (ASX:EQN) is set to grow its antimony portfolio – with a dash of gold as well – through the acquisition of a Canadian project that holds strong evidence of high-grade silver as well as the yellow metal.
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The company signed a binding option to take on 100% of the Mozy Marsh Gold-Antimony Project in British Columbia, which has yielded assays such as 131 grams per tonne of gold and 178 g/t of silver,129 g/t Au and 353 g/t Ag, 121 g/t Au and 162 g/t Ag, and 79 g/t Au and 88.2 g/t Ag – all from Adit Level Three.
Another target, Adit Level Four, has produced assays with up to 74.3 g/t Au in quartz-stibnite veins; this has given further confidence in the project’s high-grade gold potential.
Alongside these precious metals, Mozy Marsh – which is in the Monashee Mountains within the province’s Vernon Mining Division – has also shown evidence of antimony mineralisation, through outcrops and historical adit workings.
Knowing that it’s in good territory, Equinox has increased its strategic landholding to a total of 11.4 square kilometres, adding newly staked tenements that are under application. Of particular focus is securing the project’s southern boundary and safeguarding against potential nuisance staking.
In terms of exploration activity, the company has a plan of action which includes assaying over 100 rock chip samples, conducting field surveys and geophysical work.
Managing director Zac Komur described Mozy Marsh as a “strategic, cost-effective acquisition” that would fit Equinox’s portfolio perfectly.
“It’s a high-grade, historically productive asset in a tier-one jurisdiction, enhancing our antimony focus while adding significant gold and silver upside,” he explained.
“The presence of antimony mineralisation, identified in outcrops and historical adit workings, adds even more excitement.”
Mr Komur added: “This opens up a clear opportunity to explore what could be a valuable addition to our critical minerals strategy.”
EQN has been trading flat through Monday at 8.5cps.
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