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.
"Kyler
Hardy"
Kyler Hardy
President
Tel: 604.681.1568
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.
Forward-Looking Statements
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.