Equitas2

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 KmanikaKwanika.

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 JayRoberge 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,

← All Company Reports