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.
"Kyler Hardy"
Kyler Hardy
President
Tel: 604.681.1568
info@equitasresources.com
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 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.