VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 11/27/12 — Equinox Exploration Corp. (TSX VENTURE: EQX) (Equinox) continues to drill at its Binghampton Copper Queen volcanogenic massive sulfide (VMS) Project near Prescott, Arizona within the Arizona Copper Belt. Equinox is also reporting assay results from preliminary grab sampling on the Binghampton Trend, Belgium Trend and an unnamed intermediate transition zone. Key points are:
Mild to strong silica replacement of the hosting schist was common through the length of the Binghampton trend. The schist strikes 4 to 9 degrees and dips 70 to 88 degrees to the west. Silica replacement was not noted in the transition zone samples where the schist exhibited a similar strike and dip to that of the Binghampton Zone.
„Our surface sampling programs continue to locate exciting copper grades. We are looking forward to the first assay results from continuing diamond core and reverse circulation programs,“ stated Vic Nielsen, President of Equinox Exploration Corp.
All grab samples were sent to Acme Analytical Labs in Vancouver, B.C., an ISO9001 certified lab. All results for copper reported in this news release were from ICP MS, with samples yielding greater than 1 per cent copper re-analyzed by ICP ES. At this preliminary stage of the exploration program, the Company is relying on laboratory-s internal QA/QC procedures supplemented by Company inserted blanks.
In addition, the board of directors has granted 300,000 incentive stock options to directors, officers and employees at a price of 20 cents with a five-year term, expiring on November 26, 2017.
About Equinox Exploration Corp.
Equinox Exploration Corp. is a publicly traded corporation listed on the TSX-Venture Exchange (TSX VENTURE: EQX) and is engaged in mineral exploration and development in the United States and Chile. The major focus is on copper exploration properties in the Southwest United States where management has extensive experience and a proven track record of discovery. To find out more about Equinox visit its website at .
R. Tim Henneberry, P.Geo., on the Advisory Board of Equinox, is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors of Equinox Exploration Corp.
Roy Fuller-Director
Forward-Looking Statement
This news release includes certain statements that may be deemed „forward-looking statements“. Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; potential future expansion of the PFNP; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as „plans“, „expects“ or „does not expect“, „is expected“, „budget“, „scheduled“, „estimates“, „forecasts“, „intends“, „anticipates“ or „does not anticipate“, or „believes“, or variations of such words and phrases or statements that certain actions, events or results „may“, „could“, „would“, „might“ or „will be taken“, „occur“ or „be achieved“. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company-s annual filings that are available at .
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Equinox Exploration Corp. Victor L. Nielsen President/COO (480) 288-6530
Equinox Exploration Corp. Clive Mostert Corporate Communications (780) 920-7670
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