Equitas Resources Provides Production Update on DAY Copper Gold Porphyry Project


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Equitas Resources Provides Production Update on DAY Copper Gold Porphyry Project

  1. 1. Equitas Resources Corp. Provides Exploration Update for the DAY Copper-Gold Porphyry Project- British Columbia, CanadaDecember 15, 2011 - Equitas Resources Corp. (TSXv: EQT, FSE: T6U1) (the “Company”) ispleased to provide the following update on the 2011 exploration at the companys Day copper-gold porphyry project in the Toodoggone region of north-central British Columbia. The propertyis situated approximately 190 kilometres north of Smithers, B.C., and 50 kilometres south of thehistoric Kemess South mine.The Day copper-gold project encompasses approximately 7,100 hectares with five historicshowings named Day, Roy, Porcupine, Raven and A Chalcocite.The company has completed initial groundwork consisting of surveying, mapping, and sampling,and has completed an initial exploration hole at the Roy Showing (see press release datedNovember 11, 2011). Vertical drill hole EQ11-001 was completed to a depth of approximately280.42 metres, within the central part of the historically trenched area. The drill hole is situatedalong the northeast flank of a large magnetic anomaly. Results are as follows: - EQ11-001: 3.05 to 126.00 m (122.95 m): 0.64 g/t Au, 0.11% Cu - (includes): 56.90 to 110 m (53.10 m): 0.81 g/t Au, 0.13% CuThe entirety of EQ11-001 was anomalous in gold mineralization, with an average grade of 0.4g/t Au and 0.07% Cu across 277.37 metres.The company is encouraged by these results and intends to complete an 8 to 10-hole drillprogram during the summer of 2012 at the Day Property. The primary focus of that program willbe to expand upon the mineralization at the Roy Showing and confirm the high-grademineralization previously encountered at the Day and Porcupine showings.For comparative purposes, Thompson Creek Metals’ Mount Milligan Copper – Gold mine(currently under construction), is reported to contain proven and probable reserves of 531.8 Mtat an average grade of 0.20% Cu and 0.34 g/t Au (October 13, 2009).The company continues to evaluate various additional copper-gold porphyry targets both in andoutside of British Columbia as part of an asset acquisition strategy.Patrick Kluczny, P.Geol., a Qualified Person as defined by National Instrument 43-101, has readand approved the contents of this news release.About Equitas Resources Corp.Equitas is a junior exploration and development company focused on creating shareholdervalue through discovery. The Company is at the early stage of the value creation processfocused primarily on copper gold porphyry targets, including the Day Copper-Gold PorphyryProject located in the Toodoggone region of north central British Columbia. For more
  2. 2. information please visit the Companys website at http://www.equitasresources.com or emailinfo@equitasresources.com.On Behalf of the Board of DirectorsEquitas Resources Corp.“Jay Roberge”Jay RobergePresident / DirectorTel: 604.681.1568The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of thecontent of this News Release.Statements in this press release which are not purely historical are forward-looking statements, including anystatements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements inthis news release include that an 8-10 drill hole program will be commenced at the start of drilling season theprimary focus of which will be verifying high-grade mineralization and delineating the size of the Day, Roy andPorcupine deposits, and that with the seasonal closure of exploration at the Day Project the Company will focusefforts on the stated business strategy to acquire additional copper-gold porphyry assets in and outside of BritishColumbia.It is important to note that actual outcomes and the Companys actual results could differ materially from those insuch forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive,governmental, environmental and technological factors that may affect the Companys operations, markets, productsand prices. Readers should refer to the risk disclosures outlined in the Companys Management Discussion andAnalysis of its audited financial statements filed with the British Columbia Securities Commission.