Equinox Gold Corp (EQX)

[flemsnopes]

$LWLCF NEWS (AS REPORTED BY SANDSTORM GOLD)

—Equinox Gold Announces Full-Scale Construction at Aurizona

"Equinox Gold Corp. ("Equinox Gold") has announced full-scale construction at the Aurizona Gold mine in Brazil. Equinox Gold's board of directors has approved a total project budget of US$146 million, which includes all working capital and a 12% contingency. The project remains on schedule and on budget as they advance toward the target of pouring gold in late 2018. Construction of the mine is fully funded by Equinox Gold's existing treasury and a US$85 million secured project credit facility.

A 22,000 metre drilling program completed at Aurizona during 2017 has confirmed the extension of mineralization 350 metres along strike to the west of the Piaba deposit and at depth below the shallow western end of the reserve pit. Highlights from recent drill results include:

BRAZD566: 9.0 metres of 4.6 g/t gold from 127.0 metres;
BRAZD567: 19.0 metres of 2.0 g/t gold from 81.0 metres;
BRAZD571: 6.0 metres of 6.6 g/t gold from 50.0 metres;
BRAZD579: 8.0 metres of 3.4 g/t gold from 73.0 metres;
BRAZD585: 34.0 metres of 1.7 g/t gold from 58.0 metres; and
BRAZD586: 34.0 metres of 1.0 g/t gold from 45.0 metres.
Equinox Gold has planned a 34,000 metre drill program in 2018 that will focus on resource growth, target development and discovery.

True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press releases dated January 8, 2018, January 10, 2018 and February 12, 2018.

Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields."

https://www.newswire.ca/news-releases/sandstorm-gold-provides-asset-updates-675196793.html