VANCOUVER, April 16, 2015 /CNW/ - Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) ("Equitas" or the "Company") is pleased to provide an update on the recently completed VTEM airborne survey at the Garland Project in the Voisey's Bay area of Labrador, Canada.
Initial inspection of the data acquired during the Geotech Ltd. B-field VTEM survey at its Garland Project has identified four distinct areas of anomalous conductivity prospective for nickel-copper sulphide mineralization.
The VTEM data is being further interpreted and refined by Geophysicist Alan King of Geoscience North. Alan is a recognized expert in electromagnetic exploration methods and previously served as the Chief Geophysicist for Vale's global exploration operations. He has worked as a geophysicist in exploration and resource development globally since 1976. Equitas will report the detailed target characteristics when final geophysical interpretations have been integrated into the exploration model.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Equitas Resources Corp.
Equitas Resources Corp. is a Canadian-based mineral exploration company with a focus on nickel, platinum group metals (PGM) and cobalt. The Company is engaged in the acquisition, exploration and development of mineral properties. Its Garland Property is 25,050 hectares and located approximately 30 kilometres south-east of the Voisey's Bay 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 our applications to drill may be denied; 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; that we may not complete environmental programs in a timely manner or at all; that market prices for nickel may not justify commercial production costs; 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: Kyler Hardy, President, Tel: 604.681.1568