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Equitas Resources completes state-of-the-art VTEM over under-explored Voisey’s Bay-region project

by Greg Klein | March 26, 2015

Modern geophysics has come to a Voisey’s Bay-region property as Phase I VTEM exploration finishes on Equitas Resources’ (TSXV:EQT) Garland project in Labrador. The company expects results from the magnetic and electromagnetic data in about four weeks. The 645-line-kilometre survey used industry-leading versatile time-domain electromagnetic technology exclusive to Geotech.

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Despite its proximity to the 1993 Voisey’s Bay nickel-copper-cobalt discovery 30 kilometres northwest, Garland had previously been surveyed only over isolated areas and with outdated EM technology. Rock sampling and mapping covered only a fraction of the 25,050-hectare property, Equitas added. Past ownership was split among 10 operators, making regional exploration impractical. Equitas acquired Garland after Dahrouge Geological Consulting conducted two years of research to put the property under a single operator.

Between 2000 and 2007, parts of the property and areas to the west were explored by Vale Canada and its predecessors using airborne gravity gradiometer, induced polarization and ground EM surveys, along with sampling. Although several targets were identified, only one drill hole was reported. “Despite the absence of significant nickel-copper-cobalt mineralization, the drill hole verified the suitability of the region to host a Voisey’s Bay-style deposit,” Equitas stated. “The drill hole encountered a sequence of variably textured gabbro-norites with trace very fine-grained disseminated sulphides locally.”

While Equitas VP of exploration Everett Makela attributes the Voisey’s discovery to surface showings, he told that further exploration in the region requires deeper penetration. A veteran of the Inco team that conducted due diligence on the $4.3-billion Voisey’s acquisition, Makela points out that deposits come in clusters at major nickel camps like Sudbury, Norilsk, Thompson and Raglan.

The VTEM results will be analyzed along with historic data to determine targets for follow-up work.

Read more about Equitas Resources’ Garland project.

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