VANCOUVER, July 30, 2015 /CNW/ - Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) ("Equitas" or the "Company") is pleased to announce that crew and equipment mobilization for the Phase 2 exploration program at its 100% owned Garland nickel-copper-cobalt property in Labrador, Canada has commenced.
On May 13th, 2015 Equitas announced that the VTEM Plus airborne survey resulted in the identification of nine areas of conductivity prospective for nickel-copper sulphides; and that most of the responses are at the very limit of, or significantly deeper than detection limits of historic surveys. The overall nature of the targets suggests the potential for the discovery of buried Voisey's Bay – style mineralization at the Garland Property.
The Company's initial ground exploration program will include mapping and prospecting, up to 30 line-km of large loop EM survey, and up to 4000m of diamond drilling. Work permits have been approved and contractors for the camp, aircraft support, geophysics and diamond drilling have been confirmed. Personnel and building materials for the twenty person basecamp have been mobilized, and it is anticipated that evaluation of the nine areas of conductivity prospective for Voisey's Bay-style mineralization will commence during the first week of August. The targets will be followed up with the large loop UTEM 3 geophysics. Diamond drill-testing of the highest priority targets will follow.
The upcoming exploration will be managed by Dahrouge Geological Consulting Ltd. Dahrouge is a mineral exploration, consulting, and project management group based in Edmonton, Alberta, Canada that is experienced in a wide variety of commodities and environments spanning the globe. Dahrouge and its predecessor, Halferdahl and Associates, have been advising and assisting clients in identifying, exploring, and developing mineral projects since 1971.
About Equitas Resources
Equitas Resources is a Canada-based company engaged in the mineral exploration sector. The Company focuses on nickel, copper, platinum group metals (PGM) and cobalt projects. Its 100% owned Garland Project is located less than 30 km south-east of the Voisey's Bay nickel mine in Labrador, Canada.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
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.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE Equitas Resources Corp.
For further information: For more information please visit the corporate website at http://www.equitasresources.com or contact Sean Kingsley (Corporate Communications) at 604.681.1568 or [email protected]