Equinox Gold Discovers Highest-Grade Gold Mineralization to Date at El Limon Mine in Nicaragua

Equinox Gold Corp. (NYSE:EQX) is one of the most undervalued Canadian stocks to buy now. On July 28, Equinox Gold Corp. provided an update on its exploration campaign at the El Limon Mine Complex in Nicaragua. The initial results from the planned 100,000-meter drilling program in 2025 have yielded the highest-grade gold mineralization discovered to date on the property.

These results indicate significant potential to extend the mineralized corridor to the north and west of the current producing deposits. The drill results included several high-grade intercepts, such as 36.77 grams per tonne (g/t) gold over 6.9 meters estimated true width/ETW, 8.55 g/t gold over 14.6 meters ETW, and 10.19 g/t gold over 6.0 meters ETW.

The drill program is active and is testing 3 areas: the area adjacent to the Panteon underground mine, the multi-kilometer VTEM Gold Corridor, and the area along the trend of the past-producing Talavera mine. Equinox Gold acquired the Nicaraguan assets from B2Gold in Q4 2019. At the time, the assets had a combined mineral reserve of ~140,000 ounces of gold.

Equinox Gold Corp. (NYSE:EQX) acquires, explores, develops, and operates mineral properties in the Americas. The company primarily explores gold and silver deposits.

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Disclosure: None. This article is originally published at Insider Monkey.