Equitas Resources Corp. (TSXv: EQT) Executive Summary
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Transcript of Equitas Resources Corp. (TSXv: EQT) Executive Summary
QUICK MARKET FACTS (as of Oct 20, 2010)
Current Price: $0.1352 Week Range: $0.03 - $0.135Shares Issued / Out: 30,059,822Fully Diluted: 42,822,322Market Capitalization: ~ $3,000,000Insider Holdings: ~ 35%
TRADING SYMBOLSTSX Venture Exchange: EQTFrankfurt Exchange: T6U1
BOARD OF DIRECTORSJay Roberge Jody Dahrouge, B.Sc, P.Geo
Chris Grove Steve Williams, BASc, MBA
Steven Khan, B.Sc, MBA, CFA
STRATEGIC PARTNERSZimtu Capital Corp. Dahrouge GeologicalVancouver, BC Edmonton, ABwww.zimtu.com www.dahrouge.com
TRANSFER AGENTComputor Share, Vancouver, BC
AUDITORSMorgan & Company, Vancouver, BC
LAW FIRMClark Wilson LLP, Vancouver, BC
CONTACT Equitas Resources Corp.Suite 1450 – 789 West PenderVancouver, BC, V6C 1H2t. 1 604 687-3113f. 1 604 681-8240Email: [email protected]
This core asset will be the Company’s flagship project, and consists of~7,100 hectares located to the northwest of Prince George, BC and 50 kmsdirectly south of Northgate Minerals’ Kemess South Mine in the prolific “Toodoggone Region” of BC.
The occurrence was discovered and previously drilled by Falconbridge Ltd (now Xtrata Plc.). Drilling in the early 1970s produced several significant intersections including 0.67% Copper and 0.84 g/t gold across 58.83 metres,and Hole 74-4 with 14.94 m of 0.61% copper and 1.92 g/t gold.
Notable porphyry projects in the region include: Northgate Minerals Corp’s. (TSX:NGX) Kemess South and North Projects, Terrane Metals Corp’s (TSXv:TRX) Mount Milligan Project, and Serengeti Resources Inc’s (TSXv:SIR) Kwanika Project.
The historical gold and copper grades that were encountered by Falconbridge are up to three times as high as the grades that are mined nearby and serveas an excellent starting point for further exploration.
The Company will initiate a winter work program which will include geo-physics (may include Induced Polarization and or Aero-Magnetics) as well as additional detailed sampling, mapping and further historical data compilation.
PROPERTY TONNES CU (%) AU (G/T) CATEGORYKemess South 22.7 0.14 0.28 Proven ReservesKemess North 719.2 0.15 0.30 Measured & indicatedMt. Milligan 482.4 0.20 0.39 Proven & probableKwanika 182.6 0.29 0.28 Indicated
DAY PROPERTY INTERVAL CU (%) AU (G/T) CATEGORY 58.83 m 0.67 0.84 Historical Drilling 14.94 m 0.61 1.92 Historical Drilling
KEY INVESTMENT HIGHLIGHTS
• Earlystageofvaluecreationthroughexploration,anddevelopment
• Favorablelocationincloseproximitytoothermajordiscoveries
• Historicaldrillresultsindicating~3Xthegradeofmajorprojectsinthearea
• Successfulteamforexploration,development,anddiscovery
• Strongstrategicpartnersandmarketsupport
Certain exploration results referred to herein are historical in nature and were compiled before NI 43-101. Equitas has not independently analyzed the results of the previous exploration therefore the historical results should not be relied upon. Equitas believes thesehistorical results provide an indication of the potential of the properties and are relevant to ongoing exploration.
TSXV:EQTFSE:T6U1
equitas is in the early stages of the valuecreation process with the recent acquisition ofthe Day Copper-Gold Porphyry Project.
PrinceGeorge
BRITISH COLUMBIA
POWER LINERAIL LINEROAD
U S A
VICTORIA
KELOWNA
KAMLOOPS
Y U K O N T E R R I T O R Y N . W . T .
EDMONTON
CALGARY
PRINCEGEORGE
A L B E R T A
VERNON
VANCOUVER
NANAIMOBELLINGHAM
REVELSTOKE
0
0 50 mi 100 mi
100 km 200 km
SCALE
DAY COPPER-GOLDPORPHYRY PROJECTTOODOGGONE, NORTH-CENTRAL
BRITISH COLUMBIA
KEMESS SOUTH(In Production)
Proven Reserves 22.7 mt0.14% Cu
0.28 g/t Au
KWANIKAIndicated 182.6 mt
0.29% Cu0.28 g/t Au
MT. MILLIGAN(Mine Under Construction)Proven & Probable Reserves
482.4 mt0.20% Cu
0.39 g/t Au
DAY COPPER-GOLDPORPHYRY PROJECT
DRILLING INTERSECTIONS DDH 92-1: 0.54% Cu, 0.704 gpt Au over 56.99mDDH 74-4: 0.61% Cu, 1.920 gpt Au over 14.94m
DDH 74-1: 0.67% Cu, 0.864 gpt Au over 60m