Join our daily newsletter At The Bell to receive exclusive market insights
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.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
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.”
More market news
Kowtow: “Biggest day in financial history” on Trump’s tariffs retreat
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
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.
Join the discussion: See what HotCopper users are saying about Equinox Resources and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
