Equinox Exploration Corp. Completes First Four Drill Holes at its Binghampton Copper Queen Project in West Central Arizona
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2012) - Equinox Exploration Corp. (TSX VENTURE:EQX) (Equinox) has completed the first three diamond drill core holes and the first reverse circulation drill hole in the on-going drilling program at its Binghampton Copper Queen (BCQ) volcanogenic massive sulfide (VMS) Project near Prescott, Arizona within the Arizona Copper Belt. Key points are:
-- The core rig is initially focusing on the oxide and sulfide copper
mineralization at Copper Queen.
-- All three holes were designed to test both the oxide and sulfide copper
-- CBH-101 was drilled vertical to a depth of 395.9 feet
-- CBH-102 was drilled vertical to a depth of 201.2 feet
-- CBH-107 was drilled at -30 degrees due east to a depth of 198.5 feet
-- Copper mineralization was noted in the drill cores, however lab analysis
will be required to determine the content.
-- Core drilling continues at Copper Queen.
-- The reverse circulation rig is initially focusing on the other sulfide
trends on the property. Hole BBH-201 was drilled to a depth of 599 feet
on the strike extension of the Binghampton sulfide zone.
-- Reverse circulation drilling continues at Binghampton.
The diamond drill core is being sawn in half with one half being sent for assay. The reverse circulation chips are being riffle split to produce a sub sample for assay. Prepared standards are being inserted into the sample stream at regular interval for QA/QC. All samples are being sent to ALS Minerals Lab in Winnemucca, Nevada, an ISO 9001:2008 certified facility.
"The Binghampton Copper Queen project is reaching an exciting stage as we eagerly anticipate our first assay results," stated Vic Nielsen, President of Equinox Exploration Corp.
About Equinox Exploration Corp.
Equinox Exploration Corp. is a publicly traded corporation listed on the TSX-Venture Exchange (TSX VENTURE:EQX) 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Equinox Exploration Corp.
Victor L. Nielsen
Equinox Exploration Corp.