Resource Clips Article

on Equitas Resources

(Click to Open)


 

Resource Clips Article

on Equitas Resources

(Click to Open)


 

Current News Releases

 

Nov. 23, 2011

Exploration Update

 

Dec. 15, 2011

Exploration Update

 


 

Company Reports > Equitas Resources Corp.

 
 

Report Date :  

 October 19, 2011

Website :  

 www.equitasresources.com

Symbol :  

 EQT, Toronto Venture

Telephone :  

 604.681.1568

Symbol :  

 T6U1, Frankfurt

eMail :  

 info@equitasresources.com 
 

Vancouver-based Equitas Resources Corp. (TSX-V: EQT FSE : T6U1) is a Canadian junior mining company actively working to develop their DAY Copper-Gold Porphyry Project, located in northwest British Columbia in an area known as the “Toodoggone Region”, located approximately 380 Km NW of Prince George.

 

The Toodoggone region itself is an important area renowned in BC Mining history and also coming under increasing attention for ongoing development.  Included in the list of projects active in the region are Kemmess North, Kemmess South, Mount Milligan and Kmanika. 

 

The Day Property  is a large, known copper-gold porphyry that was discovered and previously drilled by Falconbridge in the 1970s and results obtained at that time suggest that Day Property occurrence grades are nearly three times that of producing mines and economic projects in the area. 

 

During the Falconbridge time, eight holes were drilled and results included Hole DDH 74-1 where assays showed 0.67% Cu and 0.93 grams per tonne (g/t) Au over 58.83 meters and Hole DDH 74-4 where assays showed 0.61% Cu and 1.92 g/t Au over 14.94 meters.

 

The Day Property, which consists of 19 contiguous claims covering 7,119.51 hectares, is hosted by altered dactite   porphyry  that  contains   significant  bornite   and

chalcopyrite associated with quartz flooding.  The project contains several porphyry exploration hallmarks such as:  anomalous copper-gold geochemistry in soil; higher magnetic susceptibility; and strong IP chargeability.

 

There are five historical showings, and three primary showings at the Day Property including the Day Showing, the Porcupine Showing and the Roy Showing.

 

An  NI43-101  Technical  Report  on  the  Day  Project  was  filed  in March, 2011 and company President Jay Roberge commented at that time, “...We are pleased to receive the technical report and look forward to advancing the project through the recommendations set forth in the report.  It is our intention to commence field work as soon as the weather permits.”. 

 

For report availability, access the company website at www.equitasresources.com

 

The company began a two-phase exploration program  in  late  spring  2011  including  a heli-borne

magnetic  survey,  followed  by  ground work,  surface sampling, ground surveying and mapping.  Their exploration is on-going and an update on their activities should be out very soon as the window for exploration comes to the end in north central British Columbia.

 

The Day Project is located in a relatively remote area best accessible at present by helicopter.  However, roads into several regional projects are relatively close to Day, water supplies are more than adequate and power lines are presently available in the vicinity. An all season road and power line runs from Prince George up to the Kemess South Mine. The Day Project is located 12 kms from the road and power lines.

 

Equitas was able to report on September 26, 2011 that it has successfully completed the second tranche of its private placement originally announced in July, 2011. The gross total raised through these offerings was C$2.26 million and it is worth noting that $1.35 million represents a strategic investment by Yield Gold Group Ltd., a wholly-owned subsidiary of Hong Kong and Shanghai listed Zijin Mining Group Company.

This strategic investment by Zijin provides Equitas access to further capital and expertise from this multi-billion dollar company – the largest producer of gold and third largest producer of copper in China.

 

Equitas is now in the process of building shareholder value through planned future drill programs, expanding current assets in British Columbia, and developing year-round exploration strategies.

 

Equitas is led by a management team which includes President Jay Roberge and Directors Steve Williams, Jody Dahrouge, Chris Grove and Steve Khan.

 

A complete in-depth study on Equitas is underway.

 

 
Equitas Resources Corp.

1450 - 789 W Pender St.,
Vancouver, BC,
Canada V6C 1H2

Toll Free :

  1.877.377.6222

Telephone :

  604.681.1568

eMail :

  info@equitasresources.com 
 
 

The Melman Report

244 - 2465 Apollo Dr.
Nanoose Bay, BC
V9P 9K2
 
T. 250.947.5505
F. 250.468.7027

D I S C L A I M E R
 
The information presented on companies herein is based on data and information which we believe to be true and supported from reliable sources. However, the accuracy of this information is not implied nor can it be guaranteed. All objective reports contained herein are those of the editor and are offered for a fee and are to be used for information purposes only.

Any investment decisions should be made only following consultation with registered investment professionals.

 

© theMelmanReport.com    A PIPEDA Compliant Website