October 30, 2013 - Equitas Resources Corp. (TSX-V: EQT) (FSE: T6U1) (“Equitas”) announces the completion of an initial soil exploration program on the Nahmint Project, located south of Port Alberni in the Canadian province of British Columbia on Vancouver Island, recently acquired by the Company has been.
As part of the activities carried out in the Three Jays North Grid section of the Nahmint concession, a total of 303 soil samples, 35 rock samples and 6 moss mat samples were taken using GPS. All soil samples were taken from 50 meters apart along lines separated by 100 meters, and geological mapping was performed simultaneously. As part of soil sampling and mapping, elongated zones of silicified sulphide ore - dominated mafic volcanic rock with debris and dispersed, fine - grained sulphide ores, such as pyrite, chalcopyrite and bornite, were excavated in outcrops and along the intersection near the access road and inland discovered blasted rocks. Rock samples were taken from the excavation material and partly also from the superimposed layers. All 344 samples were taken to the processing plant of AGAT Laboratories for analysis. The results should be available at the end of November.
In addition, the company has contracted Auracle Geospatial Science Inc. to conduct a satellite survey for the entire Nahmint property. Remote Sensing and geospatial technologies will provide data to supplement and extend the geological activities that have been carried out on the project site since 2006. The results of this study are expected to be available in the coming weeks.
“Due to the favorable weather conditions and the easy access to the Nahmint project from Port Alberni, our team was able to carry out the work without delays. Using remote sensing and geospatial evaluations, the geological data collected so far is to be expanded and the planning of future drilling programs in the Three Jays target area will be made easier, ”explains Jay Roberge, President / CEO of Equitas Resources Corp.
Field exploration in the Three Jays target area was conducted by Jacques Houle, P.Eng. who is responsible for the Company and the Property as a Qualified Person under NI43-101. He has also approved the contents of this news release.
About Equitas Resources Corp.
Equitas Resources Corp. is a mineral exploration company specializing in the acquisition, exploration and development of mineral concessions. Equitas has a portfolio of base metal and precious metal projects in British Columbia and the Canadian Northwest Territories. More information about the projects and Equitas can be found at www.equitasresources.com.
EQUITAS RESOURCES CORP.
For the board:
"Jay Roberge"
President / CEO / Director
The information in this press release may also contain forward-looking statements as defined in applicable securities laws. Forward-looking statements are statements that relate to future and not past events. In this context, forward-looking statements often relate to the expected future business activity and financial development of the company and also contain terms such as "expect", "believe," plan "," estimate "and" intend "as well as statements that a Action or event occurs “may”, “could”, “should” or “will” or similar expressions. The forward-looking statements contained 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. Forward-looking statements are typically subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance, or successes of the company or other future events to differ materially from the future results, performance or successes expressed in the forward-looking statements directly or indirectly. Such factors also include, for example, the need for additional funding, operational risks associated with exploration, fluctuations in raw material prices, property claims, environmental liability claims and insurance matters, dependence on key workers, possible conflicts of interest between certain executives, directors or sponsors with regard to certain other projects, lack of dividends, competition, dilution, fluctuations in the price and volume of our common stock, and other risk factors described in the MD&A section of our interim or most recent annual reports and other reports and documents for submission to the TSX Venture Exchange and applicable Canadian securities laws . Forward-looking statements are based on the opinions and estimates of management at the time these statements are made and Equitas undertakes no obligation to update any forward-looking statements if assumptions, estimates, opinions or circumstances change, unless this is indicated in the applicable securities laws required. Investors are cautioned that they should not place undue reliance on forward-looking statements.
The TSX Venture Exchange or its regulatory bodies (referred to in the Articles of Incorporation of TSX Venture Exchange as Regulation Services Providers) have not reviewed this report and are not responsible for its adequacy or accuracy.
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