Equitas Resources Corp. Appoints Advisory Board and Files Updated Technical Report
Equitas Resources Corp. Appoints Advisory Board and Files Updated Technical Report
– Momentum Public Relations – May 2, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to introduce the Company’s newly appointed advisory board. Equitas believes the combination of each advisor and their wealth of experience within their respected professions will provide significant guidance and contribution at this stage of developments. Equitas would also like to report that an updated NI 43-101 Technical Report has been filed with SEDAR and has been posted on the Company website.
Equitas would like to welcome Michael Bennett and Jon Coates to the advisory board. The following are brief biographies on Equitas new advisory board:
Michael Bennett has twenty nine years of experience as a geologist, twenty three of which he has worked in South America. Michael is responsible for three gold discoveries: two of them in Brazil – Coringa (1.1Moz), Cajueiro (0.47Moz) and one in Bolivia, Puquio North (0.5Moz). He is currently General Manager at Brazil Manganese Corporation in Rondonia, and also acts as a director and officer of Alta Floresta Gold Mineracao S.A., the Brazilian operating subsidiary of Equitas. Michael is a Brazilian resident and speaks Spanish and Portuguese.
Jon Coates has spent thirty-six years in exploration, mine geology and business development on five continents, with experience of a wide range of mineral resources, including gold. He spent much of his career at BHP Billiton with roles such as Regional Manager Latin America, VP Business Development China & Chief Geoscientist. He was until recently Executive Geoscience Advisor for Saudi Arabian Mining Company “Ma’aden”.
Updated Technical Report
The updated NI 43-101 Technical Report on Resources for the Cajueiro project (Gustavson and Associates, March 24, 2016) has been filed with SEDAR and has been made available on the Company’s website. The report documents Indicated and Inferred Resources in the sulphide domains totaling 417,600 ounces Au, and an Inferred Resources in the oxide domains totalling 78,400 ounces Au.
Table 1-1 Mineral Resource Estimate (Fresh Rock – Sulfide Zone)
Crente | |||||||
Indicated | Inferred | ||||||
---|---|---|---|---|---|---|---|
Cutoff | Tonnes | Au | Oz Au | Cutoff | Tonnes | Au | Oz Au |
g/t | (000s) | g/t | (000s) | g/t | (000s) | g/t | (000s) |
0.3 | 7,400 | 0.854 | 203.2 | 0.3 | 4,904 | 0.695 | 109.5 |
0.25 | 8,636 | 0.771 | 214.1 | 0.25 | 5,826 | 0.628 | 117.7 |
0.2 | 10,131 | 0.690 | 224.8 | 0.2 | 7,161 | 0.553 | 127.2 |
Baldo | |||||||
Inferred | |||||||
Cutoff | Tonnes | Au | Oz Au | ||||
g/t | (000s) | g/t | (000s) | ||||
0.3 | 1,108 | 0.872 | 31.1 | ||||
0.25 | 1,319 | 0.777 | 33.0 | ||||
0.2 | 1,500 | 0.711 | 34.3 | ||||
Matrincha | |||||||
Inferred | |||||||
Cutoff | Tonnes | Au | Oz Au | ||||
g/t | (000s) | g/t | (000s) | ||||
0.3 | 1,410 | 0.867 | 39.3 | ||||
0.25 | 1,596 | 0.797 | 40.9 | ||||
0.2 | 1,884 | 0.710 | 43.0 | ||||
Marines | |||||||
Inferred | |||||||
Cutoff | Tonnes | Au | Oz Au | ||||
g/t | (000s) | g/t | (000s) | ||||
0.3 | 686 | 0.500 | 11.0 | ||||
0.25 | 785 | 0.472 | 11.9 | ||||
0.2 | 1,055 | 0.408 | 13.8 | ||||
Total | |||||||
Indicated | Inferred | ||||||
Cutoff | Tonnes | Au | Oz Au | Cutoff | Tonnes | Au | Oz Au |
g/t | (000s) | g/t | (000s) | g/t | (000s) | g/t | (000s) |
0.3 | 7,400 | 0.854 | 203.2 | 0.3 | 8,108 | 0.732 | 190.9 |
0.25 | 8,636 | 0.771 | 214.1 | 0.25 | 9,526 | 0.664 | 203.5 |
0.2 | 10,131 | 0.690 | 224.8 | 0.2 | 11,600 | 0.585 | 218.3 |
Effective date March 8, 2016
Table 1-2 Mineral Resource Estimate (Saprolite – Oxide Zone)
Crente | |||||||
Indicated | Inferred | ||||||
---|---|---|---|---|---|---|---|
Cutoff | Tonnes | Au | Oz Au | Cutoff | Tonnes | Au | Oz Au |
g/t | (000s) | g/t | (000s) | g/t | (000s) | g/t | (000s) |
0.3 | 0.3 | 357 | 1.562 | 17.9 | |||
0.25 | 0.25 | 381 | 1.482 | 18.2 | |||
0.2 | 0.2 | 419 | 1.367 | 18.4 | |||
Baldo | |||||||
Inferred | |||||||
Cutoff | Tonnes | Au | Oz Au | ||||
g/t | (000s) | g/t | (000s) | ||||
0.3 | 309 | 3.029 | 30.1 | ||||
0.25 | 309 | 3.029 | 30.1 | ||||
0.2 | 309 | 3.021 | 30.0 | ||||
Matrincha | |||||||
Inferred | |||||||
Cutoff | Tonnes | Au | Oz Au | ||||
g/t | (000s) | g/t | (000s) | ||||
0.3 | 155 | 2.726 | 13.6 | ||||
0.25 | 155 | 2.717 | 13.5 | ||||
0.2 | 198 | 2.184 | 13.9 | ||||
Marines | |||||||
Inferred | |||||||
Cutoff | Tonnes | Au | Oz Au | ||||
g/t | (000s) | g/t | (000s) | ||||
0.3 | 481 | 1.046 | 16.2 | ||||
0.25 | 529 | 0.977 | 16.6 | ||||
0.2 | 607 | 0.880 | 17.2 | ||||
Total | |||||||
Indicated | Inferred | ||||||
Cutoff | Tonnes | Au | Oz Au | Cutoff | Tonnes | Au | Oz Au |
g/t | (000s) | g/t | (000s) | g/t | (000s) | g/t | (000s) |
0.3 | 0.3 | 1,302 | 1.858 | 77.8 | |||
0.25 | 0.25 | 1,374 | 1.775 | 78.4 | |||
0.2 | 0.2 | 1,533 | 1.613 | 79.5 |
NOTE Numbers in the table may not precisely add up due to rounding errors
Effective date March 8, 2016
The upcoming diamond drilling, bulk sampling and trenching program will focus on outlining additional oxide resources in the Baldo target area of the Cajueiro Project. A summary of the encouraging results achieved to date at the Baldo zone, and details regarding target characteristics and the exploration program for 2016, will be the focus of a separate release to be issued very shortly.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information on Equitas Resources Corp., please contact Sean Kingsley, Corporate Communications at 604-681-1568 or skingsley@equitasresources.com.
- Published in Equitas Resources, Mining, News Home
Equitas Resources Corp. Completes Acquisition of Alta Floresta Gold Ltd.
Equitas Resources Corp. Completes Acquisition of Alta Floresta Gold Ltd.; Acquires 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Interest in Brazilian Gold Assets
– Momentum Public Relations – April 27, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US:EQTRF) (Frankfurt: T6UN) is pleased to announce that it has received final TSX Venture Exchange approval and has finalized the acquisition of Alta Floresta Gold Ltd. (“Alta Floresta Gold”) as announced on January 15, 2016. Alta Floresta Gold has also increased its working interest in all of the Brazilian gold properties from 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
Equitas through Alta Floresta Gold indirectly owns a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in six gold properties with four production licenses, and over 184,410 hectares of landholdings in Mato Grosso and Para states of central Brazil. The flagship Cajueiro gold project (the “Cajueiro Project”) encompasses 39,053 hectares and is located 95 kilometers north of the city of Alta Floresta, which will be the location of the Company’s operations base in Brazil.
Alta Floresta Gold was successful in increasing its equity share in Alta Floresta Gold Mineracao S.A., (Alta Floresta Mineracao) its Brazilian operating subsidiary, from 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by further investment and agreed acquisition from the minority stake holder ECI Exploration & Mining Ltd.
The immediate focus for Equitas will be to increase current gold production at the Cajuiero Project and to identify additional resources in the known mineralized areas. Currently Alta Floresta Gold is realizing small-scale sluice-box production from the mineralized alluvium and saprolite. As part of the expansion plan Equitas plans to acquire, and put into production, a gravity processing plant that is located near the Cajueiro Project.
An exploration program is currently being planned with the intention to further define and expand the resources at the Cajuiero Project. It is expected that the program will consist of bulk sampling, trenching and diamond and rotary air blast (RAB) drilling.
In connection with the transaction, Equitas issued 103,653,283 common shares to former shareholders of Alta Floresta Gold and 5,282,324 stock options to former optionholders of Alta Floresta Gold exercisable for a period of three years at a price of $0.15 per share. All securities issued in connection with the transaction are subject to a four moth hold period.
The following are brief biographies on Equitas’ new directors, officers and technical operators:
Kyler Hardy as Chairman, Director – 16 years in the resource sector as an entrepreneur & executive. Experience in operating remote & logistically complex exploration projects. Successful in building early stage businesses.
Chris Harris as President & CEO, Director – 30 years in energy, commodity trading & mining finance (Ernst & Young, CIBC, Enron UK, BHP Billiton, GMI Resources UK). Multiple principal investments & director roles.
Alan Carter as Director – 30 years in minerals exploration (Rio Tinto, BHP Billiton, ECI). Founder & CEO Magellan Minerals. Director: Cuprum Resources, Peregrine Diamonds.
David Hodge as Director – Extensive experience in management and financing of publicly traded companies. President of Zimtu Capital, a company focused on the mineral exploration sector through prospect generation and company creation/building. Has been involved with raising over $250M for public resource companies.
Everett Makela as VP of Exploration – Over 30 years of exploration experience as a geologist. Spent career with INCO & Vale. Held increased roles ranging from grassroots evaluations to near mine resource definition. Extensive experience with joint ventures and alliances. Retired as Principal Geologist, Vale North America.
Mike Bennett a Director and Officer of Alta Floresta Mineração – 30 years of exploration experience (23 in South America). VP Exploration of ECI (since 2009). 3 gold discoveries: Brazil – Coringa & Cajueiro and in Bolivia – Puquio North
Richard Crew as Consultant to Alta Floresta Mineração (operations) – 30 years of mining experience as an Operations Manager and Chief Operating Officer for numerous of companies & projects worldwide. Excellent knowledge of the international mining sector and technical developments. Fluent in English & Portuguese.
Elvis Alves as Project Manager and Exploration Geologist to Alta Floresta Mineração (operations) – Locally based experienced field geologist focused on mineral exploration and mining.
Equitas would like to thank Mr. Raymond Goldie, Mr. Qianjie Wang and Mr. Tim Fernback for their service while on the Equitas board of directors and we wish them well in their future endeavours.
- Published in Equitas Resources, Mining, News Home
Canada Strategic Metals (CJC.V): Regional Setting of the Sakami Gold Property
Canada Strategic Metals (CJC.V): Regional Setting of the Sakami Gold Property
– Momentum Public Relations –
Press Release: April 25, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to announce that the La Pointe Zone of the Sakami property shows evidence of significant gold potential. The property covers a major geological contact between two sub-provinces that are very favorable for hosting gold deposits. This geological setting comprises the Opinaca sediments, the La Grande mafic volcanics, and iron formations in association with a strong deformation zone, notably near the tectonic contact of the La Grande-Opinaca sub-provinces. The mineralization style and tectonic setting share considerable similarities with the Eleonore mine held by Goldcorp and the Cheechoo showing held by Sirios Resources, such as :
- The mineralization associated with silicified paragneiss containing fine quartz veinlets.
- An alteration of quartz and brown tourmaline with minor arsenopyrite mineralization.
- An association of gold mineralization with a very proximal tonalite intrusion.
- The presence of gold mineralization associated with silicified paragneiss of the Opinaca basin, including fold structures.
The reader is cautioned that there is no guarantee that mineralization of the grade reported on the Cheechoo deposit will be identified on the Company’s Sakami project.
Recently, Sirios Resources announced significant gold results on the Cheechoo project with an intersection of 12.08 g/t Au over 20.3 meters (see press release of March 29, 2016 by Sirios Resources), as well as the closing of a private placement with Goldcorp in the amount of $ 962,000 (see press release of February 23, 2016).
Significant gold potential in the La Pointe Zone (Sakami Property)
The most significant drill hole intervals of the La Pointe zone are located along the northwest limit of the model, which remains open in that direction. Recent remodeling of the La Pointe zone revealed two superimposed main structures (vein 22 and 25), which have a relatively predictable continuity, as well as potential for additional veins (see figure 3 attached: Vertical Section).
The following table shows the best results of drilling to date on the La Pointe sector (these results have been already disclosed by press release on June 9, 2015):
Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
PT-13-65 | 112.50 | 138.00 | 25.50 | 3.03 |
Including | 126.00 | 138.00 | 12.00 | 4.00 |
PT-13-67 | 126.90 | 154.85 | 27.95 | 3.78 |
Including | 132.25 | 154.85 | 22.60 | 4.01 |
Including | 138.00 | 145.00 | 7.00 | 7.21 |
PT-13-68 | 200.50 | 221.00 | 20.50 | 2.77 |
Including | 201.65 | 215.00 | 13.35 | 3.23 |
Including | 201.65 | 205.00 | 3.35 | 4.71 |
278.25 | 281.10 | 2.85 | 2.82 | |
294.00 | 297.00 | 3.00 | 1.70 | |
PT-13-71 | 49.10 | 51.65 | 2.55 | 2.06 |
102.00 | 121.50 | 19.50 | 2.97 | |
Including | 107.40 | 121.50 | 14.10 | 3.78 |
Including | 112.00 | 121.50 | 9.50 | 3.95 |
PT-13-72 | 112.50 | 130.40 | 17.90 | 2.24 |
Including | 112.50 | 119.00 | 6.50 | 3.65 |
PT-14-74 | 237.65 | 264.00 | 26.35 | 2.30 |
Including | 243.70 | 252.50 | 8.80 | 3.80 |
Including | 247.70 | 252.50 | 4.80 | 5.18 |
PT-14-79 | 188.00 | 236.20 | 48.20 | 2.51 |
Including | 188.00 | 200.00 | 12.00 | 6.93 |
Including | 190.00 | 196.00 | 6.00 | 11.35 |
Including | 202.50 | 207.00 | 4.50 | 1.33 |
Including | 226.50 | 234.00 | 7.50 | 3.06 |
PT-14-82 | 231.45 | 271,70 | 40.25 | 1.43 |
Including | 231.45 | 235.50 | 4.05 | 5.12 |
Including | 231.45 | 240.00 | 8.55 | 3.58 |
Including | 256.85 | 259.00 | 2.15 | 3.83 |
Including | 267.50 | 271.70 | 4.20 | 2.38 |
PT-14-83 | 240.00 | 295.50 | 55.50 | 1.06 |
Including | 240.00 | 252.00 | 12.00 | 3.54 |
PT-15-85 | 148.50 | 194.00 | 45.50 | 1.47 |
Including | 148.50 | 156.00 | 7.50 | 3.84 |
Including | 183.00 | 194.00 | 11.00 | 1.74 |
PT-15-87 | 219.40 | 229.00 | 9.60 | 6.86 |
Including | 220.50 | 227.00 | 6.50 | 9.9 |
* Core length; the Company estimates the true width of the mineralized zone at 70 to 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the core length.
This area is recognized to date (see figure 3 attached: Vertical Section):
- the zone is continuous along a lateral distance of at least 250 m;
- the zone extends beyond 500 m depth down the dip of the structures;
- the mineralization remains open to the northwest, as well as at depth, with the best intersects along the northern edge (see figure 2 attached: Plan view).
These mineralized horizons are sub-parallel to the major tectonic contact, which spans more than 15 km on the Sakami property (See figure 1 attached: Sakami Property Geology).
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder, President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
Sakami Property Geology (Figure #1) : http://media3.marketwire.com/docs/1051852_1.pdf
La Pointe Zone – Plan View of Vein 25 (Figure #2): http://media3.marketwire.com/docs/1051852_2.pdf
La Pointe Zone -Vertical Section (Figure #3): http://media3.marketwire.com/docs/1051852_3.pdf
Regional Geological Map (Figure #4): http://media3.marketwire.com/docs/1051852_4.pdf
- Published in Canadian Strategic CJC, Mining, News Home
Barrick’s Argentinian Gold Mine will Stay Closed Longer
Dundee Sustainable Technologies proprietary gold extraction method eliminates environmental problems related to gold processing.
Earlier this month Barrick acknowleged that due to faulty valves, cyanide used in the extraction of Gold managed to leak into local water supplies.
Mining.com just reported – “An Argentine judge ruled Wednesday that gold leaching processes at Barrick Gold Corp’s (TSX, NYSE:ABX) Veladero mine should remain suspended for another 30 days until authorities can determine whether there was environmental damage from a cyanide leak triggered by a faulty valve.” view full article
It is for reasons such as the aforementioned that Dundee Sustainable Technologies’ gold extraction process is revolutionary for the gold mining community and the environment.
About Dundee Sustainable Technologies (DST:CSE), a company controlled by Dundee Corporation
DST is engaged in the development of technologies for the treatment of refractory ores containing sulfides and arsenic. DST has developed proprietary hydrometallurgical processes, and owns the related patents, for the extraction of precious and base metals from ores, concentrates and tailings, which cannot be extracted with conventional processes because of metallurgical issues or environmental considerations.
DST’s patented approach provides a cyanide-free process to allow the exploitation of gold and other deposits that would otherwise face metallurgical issues with conventional methods. The primary benefits of the innovative technology are shorter processing times, a closed-loop operation eliminating the need for costly tailings pond, reduced environmental footprint related to inert and stable characteristics of the tailings, and lesser emissions due to lower energy consumption.
The process developed by DST is a recognized “green technology” for which it was awarded a $5.7 million grant towards the construction and operation of a $25 million demonstration plant. With a capacity of 15 tonnes per day of concentrate, the demonstration plant will serve as a proof of concept for the chlorination extraction technology on an industrial scale and under continuous operating conditions.
DST has tested several different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, using chlorination instead of cyanide.
For more about Dundee Sustainable Technologies visit their website: http://www.dundeetechnologies.com/