Equinox Resources Limited (ASX: EQN) ('Equinox Resources' or the 'Company') is pleased to advise that drilling will shortly commence at Jaguaquara and will also test the Jitauna prospects at its 'Campo Grande' Rare Earth Project, located in the REE province in Bahia, Brazil.
These new targets have been generated through the continuous regional surface sampling campaign undertaken by the Company where additional regional surface samples have been received. These results assist the exploration team in mapping the areas and focusing on selected prospective areas within the Amargosa, Jitauna, and Jaguaquara blocks for further exploration and drilling as the Company awaits the drill assays from Rio Negro and additional surface samples from the region
Based on the geochemical surface assay results integrated with the geology and airborne radiometric thorium, uranium, and ternary maps, the samples with anomalous high grade REE grades are associated with regions of thorium anomalies, sometimes with associated uranium and ternary anomalies. The surface samples with anomalous REE grades from the Rio Negro Target region are interpreted to be associated with a regional-scale linear structure with a NW-SE direction that crosses the entire Rio Negro Target and extends for more than 15 km in the NW direction and into the Jaguaquara block. In this region, surface samples located very close to this lineament and with anomalous REE grades indicate the high potential of the area. These prospects are further highlighted due to their proximity to the high grade discoveries that have been made by Brazilian Rare Earths (ASX: BRE) at their Pele and Sulista Projects. For instance, the Jaguaquara site is located just 3 km from the Sulista discovery, which has yielded peak assays of up to 22.4% TREO1 . Additionally, the Jitauna site is 2 km from the Sulista discovery. The true potential of the Jaguaquara and Jitauna prospects can be further understood through drilling, drilling campaigns expect to commence imminently
Equinox Resources Managing Director, Zac Komur, commented: 'We're in the very early stages of exploring our REE ground at our Campo Grande prospects, with only 1% of our prospects currently drilled. By working through geochemical and geophysical data to pinpoint new additional drill targets, we have identified some high-priority areas for a drilling campaign aimed at delineating hard rock REE deposits. This process has focused our efforts on areas within the Amargosa, Jitauna, and Jaguaquara blocks. We plan to deploy in depth drilling programs on these new drilling targets proximal to Brazilian Rare Earths Discovery imminently.' Amargosa, Jitauna and Jaguaquara are geologically inserted in the Jequie Complex and Volta do Rio Plutonic Suite that is known for hosting high-grade rare earth mineralisations in hard rock. The Jequie Complex is an assemblage of predominant metatonalites, metatrondhjemites and metagranodiorites closely associated with subordinate metabasic to intermediate rocks, metaultramaic rocks as serpentinites and pyroxenites. The Volta do Rio Plutonic Suite is composed of three main petrographic rock types: granodiorites and monzogranites with normal contents of mafic minerals, a bimodal association of amphibolebearing-metaleucogranites and associated pegmatites-aplites, maic-ultramaic to intermediate rocks and cumulates. The high-grade mineralisation in hard rock of the Volta do Rio Plutonic Suite can occur from the surface in outcrops and extend up to 75 m deep. The Volta do Rio Plutonic Suite is distinguished by a bi-modal formation of light coloured granite gneiss and REE-Nb-Sc-U cumulate mineralization. The high grade REE-Nb-Sc-U cumulate appears to be layered within the province scale and most likely formed via the separation process of the parent magma.
Jitauna Block Tenements 872058 & 870459 This region is geologically located on the Volta do Rio Plutonic Suite unit, known for hosting highgrade mineralisations of rare earth elements in hard rock. A weathering profile developed over this geological unit where clays and sands are also mineralised in REE. The regional reconnaissance surface samples were collected in regions of airbone radiometric thorium anomalies, a striking characteristic of this geological unit. In these locations, airbone radiometric uranium and ternary anomalies also occur. The surface samples with anomalous REE grades are associated with thorium, uranium and ternary anomalies in a region where Volta do Rio Plutonic suite rocks occur, indicating that this region has a high potential to host REE mineralisations not only in the weathering profile but also in hard rock.
Jaguaquara Block Tenement 872244 This region is geologically located on the Jequie Complex unit, known for being the geological unit that hosts the Volta do Rio Plutonic Suite unit. The regional reconnaissance surface samples were collected in regions of airbone radiometric thorium anomalies or near an anomaly. In these locations, airbone radiometric uranium anomaly also occur or the uranium anomaly is very close. The samples with anomalous grades are also located very close to a regional linear structure that connects this region with the Rio Negro target, where the surface samples with anomalous REE grades are associated with this regional linear structure. Surface samples with anomalous REE grades associated with airbone radiometric thorium and uranium anomalies and also with the regional structural lineament that appears to connect this region with the Rio Negro target, indicate that this region has a high potential to host REE mineralisation in the weathering profile.
Amargosa Block
This region is geologically located on the Jequie Complex unit, known for being the geological unit that hosts the Volta do Rio Plutonic Suite unit. The regional reconnaissance surface samples were collected in regions of airbone radiometric thorium anomalies, a striking characteristic of the Volta do Rio Plutonic Suite unit. In these locations, airbone radiometric uranium and ternary anomalies also occur. The anomalies have a linear geometry and are several kilometers long in a NW-SE direction and cross the entire area of the block. The surface samples with anomalous REE grades are associated with thorium, uranium and ternary anomalies that are striking features of the Volta do Rio Plutonic Suite. The large extent of these anomalies indicates that this region has a high potential to host REE mineralisation not only in the weathering profile but also in hard rocks.
Contact:
Zac Komur
Managing Director
Tel: +61 467 775 792
COMPETENT PERSON STATEMENT
The information in this report which relates to Exploration Results is based on information compiled by Mr Luciano Oliveira, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Oliveira is the Exploration Manager for Equinox Resources Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Oliveria consents to the inclusion in the announcement of the matters based on that information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information included in the market announcements referred to in this release and that all material assumptions and technical information referenced in the market announcement continue to apply and have not materially changed. All announcements referred to throughout can be found on the Company's website: eqnx.com.au
FORWARD LOOKING STATEMENTS
This announcement may contain certain forward-looking statements and projections. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. Forward looking statements/projections are inherently uncertain and may therefore differ materially from results achieved. Equinox Resources Limited does not make any representations and provides no warranties concerning the accuracy of the projections and denies any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Equinox Resources Limited or any of its directors, officers, agents, employees, or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement
EQUINOX RESOURCES LIMITED 
