Equinox Resources to Commence Drilling at Mata Da Corda Rare Earth Project

Equinox Resources Limited (ASX: $EQN) is set to commence drilling at the 'Mata da Corda' Rare Earth Project located in Alto Paranaíba Alkaline Province, in Minas Gerais State, Brazil. The company has obtained environmental authorisation and secured land access for the drill targets at the Patos de Minas and Lagoa Formosa prospects. The project area has returned surface sample grades up to 5,024ppm TREO, and Equinox Resources has purchased their own auger drill rigs to optimize costs and reduce wait times.

Equinox Resources Managing Director, Zac Komur, on Mata da Corda Project

We are transitioning from strategic planning to the verge of commencing drilling operations at our district-scale Mata da Corda Project. The outstanding results achieved from our surface sampling program of up to 5,024ppm TREO and with an area of over 30km2 with results greater than 2,000ppm TERO outlined the need to fast-track a target drilling campaign. We have purchased our own auger drill rigs which not only provides us with greater flexibility but also significantly reduces our costs, wait and operating times and our ability to get the samples to the laboratory in a timely manner. Our commitment to speed is equally matched by our dedication to excellence and doing things the right way. We are excited for the next stages of work at Mata de Corda as we aim to uncover a high-grade ionic REE clay deposit.

Equinox Resources Mata da Corda Project Summary

Equinox Resources Limited (ASX: $EQN) is making significant strides in advancing drilling targets at the 'Mata da Corda' Rare Earth Project in Brazil. The company has obtained environmental authorisation and secured land access for the drill targets at the Patos de Minas and Lagoa Formosa prospects. With surface sample grades up to 5,024ppm TREO, Equinox Resources has purchased their own auger drill rigs to optimize costs and reduce wait times. The company is aiming to uncover a high-grade ionic REE clay deposit and additional surface sample results are expected in late July, which may highlight more high-grade targets across the 974.98km2 land holding. Equinox Resources is also progressing drilling targets into hard rock and monazite sand at its Campo Grande site in Bahia. The company's commitment to speed and excellence is evident in its approach to the drilling operations, and it is poised for significant progress in the upcoming phases of work at the Mata da Corda Project.