VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/13/13 -- Equinox Copper Corporation (TSX VENTURE: EQX) ("Equinox" or "the Company") is pleased to announce that it has completed the first three drill holes of its 16-hole drill program at its Binghampton Copper Queen (BCQ) volcanogenic massive sulfide (VMS) project near Prescott, Arizona. Following Phase I - where the Company was seeking to gain a better understanding of the copper oxide and sulfide mineralization on the Copper Queen Trend - Phase II is being conducted to target the shallow copper oxide mineralization already encountered in Phase I at depths of less than 50 metres from surface on the property. Of note, both the Phase I and Phase II drilling concentrate on an area which includes the past-producing Copper Queen mine.
Equinox CEO Corey Dias states, "We are pleased to have commenced Phase II of our drill program at BCQ. Following the success of Phase I - where we intersected shallow copper oxide mineralization - we are now focused on determining the extent of the shallow copper oxides on the Copper Queen trend. We believe that Phase II, if successful, could provide a basis for the potential delineation of a copper oxide resource, although further drilling would need to occur in order to make that determination."
About Equinox Copper Corp.
Equinox Copper 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. Its primary focus is on further developing its nascent copper production operation in Chile, while its longer-term focus is on the development of its Arizona-based copper properties. To find out more about Equinox, visit its website at www.EquinoxCopper.com.
On behalf of the Board of Directors of Equinox Copper Corp.
Corey Dias, CEO
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 www.sedar.com.
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.
Equinox Copper Corp.
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