Equinox Gold Extends Fazenda Mine Life by Seven Years, Brazil
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Equinox Gold Corp has released an updated mineral reserve and mineral resource estimate for its Fazenda Mine that has extended the Fazenda mine life to 2033. Fazenda has been operating in Bahia State, Brazil since 1984 as a combined underground and open pit mine.
“Results from focused exploration at Fazenda over the last three years have exceeded our expectations, delivering significant mine life extension and resource growth net of mining depletion. The success of these efforts now provides a foundation on which to evaluate potential expansion opportunities at the Fazenda Mine,” said Scott Heffernan, EVP Exploration of Equinox Gold.
“Future exploration programs will continue to evaluate underground and open pit opportunities in the immediate area of the Fazenda property as well as assess regional potential in the greenstone belt that extends to Equinox Gold’s Santa Luz Mine to the north,” added Heffernan.
The company continues to see significant exploration potential at Fazenda and has approved a 60,000 m diamond drill program for 2025 that will focus on mineral reserve replacement and additional near-mine resource growth.
Gold mineralization at Fazenda is hosted in and around veins that are present in several horizons. These include the upper and lower CLX horizons, which are the primary historical ore sources and are hosted in the Fazenda Brasileiro Unit, which is a hydrothermally altered metagabbro sill. Beneath this is the Canto Unit, a thick series of metasediments intercalated with metabasalt flows and felsic volcaniclastics, which host additional gold-mineralized vein networks that are significantly underexplored relative to the CLX horizons. Drilling over the past three years has focused on stepping out from the CLX ore zones and extending drill holes into the Canto Unit. Several years of infill and exploration drilling, combined with detailed geologic and structural re-logging, have enhanced the understanding and interpretation of the deposit. Geological evidence indicates the continuity of mineralized bodies along both strike and dip, which allowed a revision of the geological interpretation. This reinterpretation provided a foundation for updating the block model and subsequently the estimation of Mineral Resources and Mineral Reserves in the CLX and Canto Sequences within the Fazenda Brasileiro unit. The CLX zone is now modeled as a cohesive geologic feature, acknowledging its continuity along strike and dip, rather than smaller individual zones. The sub-parallel gold-mineralized zones within the Canto Unit have also been re-interpreted using the same approach, adding significantly to the size and extent of mineralization.
Equinox Gold is a growth-focused Canadian mining company with seven operating gold mines, commissioning underway at a new mine, and a plan to achieve more than one million ounces of annual gold production by advancing a pipeline of expansion projects.
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