Equinox Resources Limited (AU:EQN) has released an update.
Equinox Resources Limited announced promising initial results from Phase I scout auger drilling at the Rio Negro prospect, part of the Campo Grande Rare Earth Project in Brazil, revealing high-grade rare earth mineralization and identifying significant targets for the upcoming Phase II RC drilling program. The company is poised to commence the next phase, which involves 27 RC drill holes aimed at deeper monazite sand and hard rock beneath the high-grade clay intercept areas. These developments signal a positive outlook for Equinox Resources as they continue to explore the potential of the Rio Negro prospect.
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