October 30th, 2013 - Equitas Resources Corp. (TSX-V: EQT) (“Equitas”) is pleased to announce the completion of an initial ground exploration program on the Company’s recently acquired Nahmint Project located south of Port Alberni, BC on Vancouver Island.
Work was completed on the Three Jays North Grid portion of the Nahmint Property, with totals of 303 soil samples, 35 rock samples and 6 stream moss mat samples collected with GPS control. All soil samples were spaced 50 metres apart along lines 100 metres apart, with coincident geological mapping completed. Soil sampling and mapping identified elongate zones of silicified, sulphidic mafic volcanics containing stockwork and disseminated fine grained sulphides including pyrite, chalcopyrite and bornite in outcrop and along the access road cuts and blasted rock within the grid area. Several rock samples were taken of this material both from outcrop and occasionally in subcrop. All 344 media samples were shipped to AGAT Laboratories’ facility with analytical results expected in in late November.
In addition, the Company has engaged Auracle Geospatial Science Inc. to complete a satellite survey of the entire Nahmint Project which will use remote sensing and geospatial technology to produce data to enhance and compliment all the geological work completed on the property since 2006. The results of this survey are expected in the coming weeks.
“Favorable weather conditions and the easy road access to the Nahmint project from Port Alberni allowed our team to complete the work program with no delays. The remote sensing and geospatial technology will be employed to further enhance geological data to date and assist in planning for an anticipated drill program focused on the Three Jays target”, states Jay Roberge, President/CEO of Equitas Resources Corp.
The field program on the Three Jays target was supervised by Jacques Houle, P.Eng., who is also the qualified person as defined by NI43-101 for the Company and the Property, and has approved the contents of this news release.
About Equitas Resources Corp.
Equitas Resources Corp. is a mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Equitas has a portfolio of base metal and precious metal projects in British Columbia and the Northwest Territories. For more information on the property portfolio and Equitas, please visit www.equitasresources.com.
EQUITAS RESOURCES CORP.
On behalf of the Board
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the Property, the terms of the Option Agreement, as amended, and Equitas’ ability to meet its obligations under the Option Agreement, as amended. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Equitas undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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