Equinox Gold Provides Construction Update for its Aurizona Gold Mine
June 14 2018 - 5:57AM
Equinox Gold Corp. (TSX-V:EQX) (OTC:EQXGF) (“Equinox Gold” or the
“Company”) is pleased to provide an update on construction progress
at its Aurizona Gold Mine in Brazil (“Aurizona”). Construction
remains on schedule to pour gold by late 2018 with the expectation
of producing on average 136,000 ounces of gold per year, and
construction spending is tracking in-line with the US$146 million
project budget.
Construction and Mining
Progress
- More than 2,000 days with no lost-time incidents
- Overall project is 55% complete and EPCM (engineering,
procurement and construction management) activities are 70%
complete
- Plant construction is 45% complete and progressing on a number
of areas including grinding, crushing, leaching, the thickener, and
installation of agitators in the CIP circuit
- Concrete work is 70% complete
- Engineering is complete
Construction progress at Aurizona is documented
in a photo gallery on Equinox Gold’s website at www.equinoxgold.com
and a number of photos are included at the end of this news
release.
The concrete foundations and pedestals for the
SAG and ball mills are complete and ready for mill installation,
which is expected to commence at the end of June. Concrete work is
underway in the surge bin area, 90% complete in the leaching and
thickening areas and 50% complete in the crusher area. Structural
steel erection in the grinding area has commenced and the thickener
tank is 90% complete. Refurbishment of the existing CIP circuit and
detox tanks is complete while refurbishment of other equipment such
as pumps, agitators, screens and motors is 90% complete.
Engineering is complete and all major contracts
have been awarded, including the mining fuel supply contract and
the construction contract for electrical and instrumentation
installation. Overall procurement of equipment and materials is 70%
complete, all major purchase orders have been awarded and the
majority of equipment will have been delivered to site by the end
of August. More than 80% of the anticipated 1,230 tonnes of
structural steel is on site.
Pre-production mining activities, focused on
removing waste from two locations in the Piaba pit and developing
access roads, commenced in mid-April and are progressing on
schedule. The mining contractor has removed more than 600,000
tonnes of waste to date and roadwork is underway in preparation for
ore mining in Q3-2018.
On Behalf of the Board of Equinox Gold
Corp.
“Christian Milau”
CEO & Director
Equinox Gold Contacts
Christian Milau, CEO & DirectorRhylin
Bailie, Vice President Investor RelationsTel: +1 604-558-0560Email:
ir@equinoxgold.com
About Equinox Gold
Equinox Gold is a Canadian mining company with a
multi-million-ounce gold resource base, near-term and growing gold
production from two past-producing mines in Brazil and California,
and a diverse portfolio of gold and copper assets in North and
South America. Construction is underway at the Company’s Aurizona
project in Brazil with the objective of pouring gold by late 2018,
and a prefeasibility study is underway at the Company’s Castle
Mountain project in California with the objective of restarting
production. Further information about Equinox Gold’s current
portfolio of assets and long-term growth strategy is available at
www.equinoxgold.com or by email at ir@equinoxgold.com.
Cautionary Notes and Forward-Looking
Statements
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This document contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation (collectively “forward-looking
statements”). The use of the words “will”, “will have been”, “to
be”, “expected”, “objective”, “expectation”, “underway” and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements contained in this news release include,
but are not limited to, statements regarding construction
activities underway at Aurizona, anticipated production from the
Aurizona Gold Mine and Castle Mountain Gold Mine, the Castle
Mountain prefeasibility study, the potential for other assets of
the Company, and the growth potential of the Company. Although the
Company believes that the expectations reflected in such
forward-looking statements and/or information are reasonable, undue
reliance should not be placed on forward-looking statements since
the Company can give no assurance that such expectations will prove
to be correct. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and
other factors identified in the Company’s periodic filings with
Canadian securities regulators, and assumptions made with regard to
the Company’s ability to complete construction at Aurizona on time
and on budget or at all; the timing to achieve production; the
Company’s ability to extend the Aurizona mine life, develop the
underground potential of the deposit or identify new mineralization
in the Aurizona district; the Company’s ability to complete the
Castle Mountain prefeasibility study and the results of the study;
and the Company’s ability to achieve its expected growth and
production potential. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news
release and the Company does not undertake any obligations to
publicly update and/or revise any of the included forward-looking
statements, whether as a result of additional information, future
events and/or otherwise, except as may be required by applicable
securities laws.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/fe6df4ba-7232-4321-b9f8-ee62509dc9e4
http://www.globenewswire.com/NewsRoom/AttachmentNg/24037740-d560-4c11-a7b1-5dd9d5958cc1
http://www.globenewswire.com/NewsRoom/AttachmentNg/44d8dee4-6916-42c2-9e7e-b6357d71e31c
http://www.globenewswire.com/NewsRoom/AttachmentNg/1156dbcc-65a2-48bf-84dc-61c90dd5b53f
http://www.globenewswire.com/NewsRoom/AttachmentNg/26e1f463-8e4d-497c-bdc1-21b04648331e
http://www.globenewswire.com/NewsRoom/AttachmentNg/92a298ca-fce5-4eb0-842e-69b6463f8e0d
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