March 16, 2011 - Equitas Resources Corp. (TSXv: EQT) (FSE: T6U1) (the “Company”) is pleased to announce that it has filed a 43-101 report for its Day Property, located in the Toodoggone region of north-central British Columbia. The Day Property consists of 19 contiguous claims, encompassing approximately 7,119.51 ha, which cover three main showings prospective for Cu-Au porphyry and Cu-Au volcanogenic massive sulphide (VMS) mineralization.
The Day Showing is a Cu-Au porphyry target identified by a drilling campaign in the mid-1970s by Wesfrob Mines (Falconbridge); and followed up in 1992 by Skeena Resources and Beauchamps Exploration. The previous operators identified significant copper and gold mineralization (Hole 74-1: 58.83 m of 0.67% Cu and 0.93 g/t Au; Hole 92-1: 57.0 m of 0.54% Cu and 0.75 g/t Au) within a diorite sill intruding andesitic volcaniclastics.
The Porcupine Showing is a VMS Cu-Au-Ag-Pb-Zn target which was identified by outcrop sampling and drilling in the mid-1970s by Wesfrob Mines (Falconbridge); and followed up in 1992 by Skeena Resources and Beauchamps Exploration. Previous operators identified highgrade copper and gold values from angular mineralized boulder samples for which the outcrop source has not been located (sample ZR-91-149: up to 17.2% Cu; KF-92-69: 0.19% Cu and 7.98 g/t Au). Outcrop sampling and drilling has returned encouraging results; including Hole 92-3 with 9.6 m of 0.13% Cu and 0.31 g/t Au. This hole tested a surface exposure with 0.9 m of 0.24% Cu and 2.1 g/t Au.
The Roy Showing is a Cu-Au porphyry target identified in the mid 1970s by McIntyre Porcupine Mines and followed up in the 1980s and 1991 by Golden Rule Resources. Previous operators identified significant copper and gold mineralization from chip samples collected from trenches. Results include 7 m of 0.43% Cu and 2.16 g/t Au in a continuous chip sample from Trench 6; and approximately 90 metres along strike 12 m of 0.11% Cu and 0.92 g/t Au within Trench 8. Based on historic geophysics and soil geochemistry the zone has dimensions of at least 100 to 300 m width by more than 400 m length (open along strike).
A property-wide, magnetic-electromagnetic airborne survey followed by surface sampling and diamond drilling is recommended for the three main showings.
Jay Roberge, President states, “We are pleased to receive the technical report and look forward to advancing this project through the recommendations set forth in the report. It is our intention to commence field work as soon as the weather permits.”
Qualified Person: Mr. James McCrea, P.Geo. is the qualified person responsible for the Day Property and has read and approved the technical disclosure contained in this news release. For further information, please visit the corporate website at http://www.equitasresources.com or contact Investor Relations at 604.681.1568 or firstname.lastname@example.org.
On Behalf of the Board of Directors
EQUITAS RESOURCES CORP.
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.
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. Forward looking statements in this news release include that the Company intends on commencing field work as soon as weather permits in order to advance the project through the recommendations of the NI 43-101 report.
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forwardlooking 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 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.