Equinox Resources (ASX:EQN) said drilling assay results from its Mata da Corda titanium project in Brazil demonstrated significant potential for multi-commodity mineralization, according to a Wednesday Australian bourse filing.
The company received assay from 92 new drill holes totaling 1,305 meters across the Olegario South, Lagoa Formosa, and Patos prospects, with "significant" intercepts including 36 meters at about 14% grade of titanium oxide.
The firm is continuing to drill at the project with further assay testwork underway to optimize high-value titanium dioxide recovery and support the maiden mineral resource estimate, the filing said.
Equinox Resources' shares over 1% in recent trading on Wednesday.
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