Equinox Resources (ASX: $EQN) drilling update

Equinox Resources Limited (ASX: $EQN) has successfully completed the maiden drill program at the Rio Negro hard rock rare earth Prospect in Brazil. The program comprised 126 auger and 3 Reverse Circulation (RC) drill holes, resulting in detailed geological profiles with saprolite clay, sand, and hard rock intercepts. The initial drill assay results are anticipated in mid-June, with further surface sampling and mapping across the wider Campo Grande Project also underway. CEO Zac Komur is personally overseeing the final wrap-up of the successful drilling campaign at Rio Negro and planning for future drilling campaigns.

Executive commentary on Equinox Resources' progress

It's great to be back in Brazil with the team to oversee the wrap up of the maiden drilling campaign at Rio Negro. Exceptional progress continues to be made by our exploration and drilling team. A total of 1,432 meters has been completed as we continue to build a comprehensive geological profile of the prospect and region. We eagerly anticipate the drill assay results which are expected in about 4 weeks, along with additional surface sample results from the region, to help us identify our next prospect. I will be accompanying the team across the vast tenements as we identify our next prospect at Campo Grande, following geophysical anomalies. Following on from our groundbreaking discovery at our Mata da Corda project, the team is moving quickly to expedite land access and environmental authorization, with plans to commence multiple auger drill campaigns in late June. We are excited about Equinox Resources' Brazilian Rare Earths projects, as we have the full suite of REE mineralization, including hard rock, monazite sand, and ionic clay across our projects, as we continue our relentless pursuit of exploration and drilling fundamentals to re-rate and increase the value of the company.

Summary of Equinox Resources' drilling update

Equinox Resources Limited (ASX: $EQN) has completed a successful maiden drill program at the Rio Negro hard rock rare earth Prospect in Brazil, with detailed geological profiles and upcoming assay results expected in mid-June. The company is also progressing with further surface sampling and mapping across the wider Campo Grande Project and planning for future drilling campaigns. Additionally, the team is expediting land access and environmental authorization for the Mata da Corda Rare Earth Clay Project, with plans to commence multiple auger drill campaigns in late June. Equinox Resources is optimistic about the full suite of REE mineralization across its projects and remains committed to the relentless pursuit of exploration and drilling fundamentals to re-rate and increase the value of the company.