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News: Equitas files NI 43-101 Day report, to start fieldwork

News bei Equitas Resources Corp.: Equitas 43-101 Report für das Day Projekt und beginnt mit Feldforschung

 

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Equitas files NI 43-101 Day report, to start fieldwork

Equitas Resources Corp (C:EQT)
Shares Issued 30,913,082
Last Close 3/15/2011 $0.15
………
Wednesday March 16 2011 – News Release

Mr. Jay Roberge reports

EQUITAS RESOURCES CORP. FILES NI 43-101 TECHNICAL REPORT FOR THE DAY PROPERTY, NORTH-CENTRAL, BRITISH COLUMBIA

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 high-grade 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.

We seek Safe Harbor.

Unsere Einschätzung:

Ein 43-101 Report ist immer ein Meilenstein in der Geschichte eines Junior-Explorationsunternehmens und Equitas hat diesen Meilenstein nun mit Bravur genommen. Das aktuell durch die Geschehnisse in Japan und Nordafrika beeinflußte Marktumfeld hat auf die gute News von Equitas noch nicht reagiert und somit eröffnet sich für den risikobewussten Investor hier eventuell eine gute Gelegenheit zum günstigen Einstieg oder Ausbau der Position.

Beachten Sie unbedingt unseren Disclaimer sowie unseren Hinweis zum “Interessenkonflikt bei Equitas Resources Corp.“.

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