VANCOUVER, Oct. 20, 2015 /CNW/ - Equitas Resources
Corp. (TSXv: EQT) (FSE: T6UN) ("Equitas" or the "Company") is
pleased to provide an update on its exploration program at the
Garland nickel-copper property in Labrador, Canada.
To date, four NQ diamond drill holes, totaling 1515m have been
completed. The objective of the drill program is to evaluate
the remaining ten areas of conductivity prospective for
nickel-copper sulphides identified through the VTEM Plus airborne
survey. Of these anomalies, drilling has tested anomalies D,
C, J and Q. A total of 173 samples have been sent to
Activation Laboratories in Ancaster,
ON for analysis, and samples are being selected for
petrographic study.
Field evaluation of the twelve VTEM anomaly areas continues with
Crone large loop PEM surveys. A total of 30 line km of Crone large
loop Pulse Electromagnetic Survey (PEM) has been read on anomalies
A, B, C, Q, G, J and I. Results of Crone borehole PEM surveys are
being interpreted. Field operations to explore the remaining
anomalies will continue until conditions deteriorate into
winter.
In addition, the Company is conducting petrographic analysis on
several samples from anomalies D and J. While weather
conditions have created general delays in the program, field
operations are continuing on site. A full geophysics and
drilling update will be provided upon receipt and interpretation of
results.
"We are satisfied with the progress of work completed to date,
and await full results from the current program. Despite a
very tough financing climate, Equitas is well-funded to execute on
our plans to evaluate all anomalies identified on the Garland
property." said Everett Makela,
Equitas' VP Exploration.
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 is a
Canadian-based mineral exploration company with a focus on nickel,
copper, platinum group metals (PGM) and cobalt. The Companies
Garland Property is 23,386 hectares and located in the Voisey's Bay
district of Labrador, Canada.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
"Kyler Hardy"
Kyler
Hardy
President
Tel: 604.681.1568
info@equitasresources.com
Neither TSX Venture Exchange nor it 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
Statements in this document
which are not purely historical are forward-looking statements,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. It is important to note that
actual outcomes and the Company's actual results could differ
materially from those in such forward-looking statements. Forward
looking statement in this news release for example, would be the
statement that the Company will follow through with the exploration
plans until all anomalies have been evaluated. 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
include that we are unable to raise sufficient interest in the
financing; that we may not be able to raise sufficient funds to
complete our intended exploration and development; and that despite
encouraging data there may be no commercially exploitable
mineralization on our properties. Except as required by law, we do
not undertake to update these forward looking statements.
SOURCE Equitas Resources Corp.