Equitas Identifies Nine Nickel-Copper Sulfide Targets at Garland Project

Nickel Investing

Equitas Resources Corp. (TSXV:EQT) announced final results from a VTEM Plus airborne survey completed at its Garland project in Labrador, Canada.

Equitas Resources Corp. (TSXV:EQT) announced final results from a VTEM Plus airborne survey completed at its Garland project in Labrador, Canada. It led to the discovery of “significant new areas of conductivity.”

Results highlights include:

  • Nine areas of conductivity prospective for nickel-copper sulphides;
  • Most responses are at the very limit of, or significantly deeper than detection limits of historic surveys;
  • Targets include conductivity trends of up to 1km+ in length, with no previous drilling;
  • The overall nature of the anomalies highlights the potential for discovery of buried Voisey’s Bay analogues at the Garland Property.

The press release also states:

The Company is encouraged with the final results from the VTEM survey and has begun preparing for a summer exploration program. Exploration on the target areas is expected to commence in late June. Evaluation of the anomalies will include mapping and prospecting, 30 line-km of large loop EM survey, and up to 4000m of diamond drilling. Work permits have been submitted to government and proposals from service providers are currently being evaluated.

The 2015 VTEM survey consisted of 645 line-kms of north-south oriented flight lines at 300m line spacing. Data was interpreted by Geophysicist Alan King of Geoscience North. Quantitative modelling was performed on the most conductive core of the anomalies present. The full extent of the conductive system detected may be approximated by the number of lines (at 300m spacing) the anomaly is observable on. A total of nine distinct areas of anomalous conductivity prospective for nickel-copper sulphide mineralization have been identified.

Everett Makela, vice president of exploration at Equitas, commented:

Results from the VTEM survey are highly promising. Compilation of previous work indicates that almost all of the anomalies represent newly identified areas of conductivity, at the very limit or significantly below depth detection of earlier surveys. None are explained by the available observed surface geology, a mixture of anorthosite, diorite and granite. The east-west strike of the majority of anomalies is notable, in that the major structural controller on emplacement at Voisey’s Bay was the east-west trending Gardar-Voisey’s Bay fault system, a prominent structural feature on the Garland property. Many of the anomalies display good correlation with east-west and northeast lineaments as interpreted from the known geology, magnetics and topography. The observable trends of many of the anomalies, up to 1 km or greater, lend further encouragement for discovery of significant mineralized systems. The overall nature of the interpreted anomalies is in accord with our exploration model for Voisey’s Bay style mineralization on the property being overlain by flat-lying, sheet-like intrusive bodies.

Click here to read the full Equitas Resources Corp. (TSXV:EQT) press release.

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