Equitas Resources releases VTEM results, plans summer drilling at Voisey’s Bay-region Garland project
by Greg Klein | May 14, 2015
Thirty kilometres south of Voisey’s Bay, the first state-of-the-art geophysics over a recently compiled property package has Equitas Resources TSXV:EQT pleased with the results. The airborne VTEM-plus survey identified nine distinct areas of anomalous conductivity prospective for nickel-copper sulphide mineralization, the company announced May 13. Follow-up work, including up to 4,000 metres of drilling, is now scheduled to begin in summer.
Once a patchwork of claims under different owners, the 25,050-hectare Garland property hadn’t previously been explored systematically or with modern technology. After two years of research, Dahrouge Geological Consulting put the claims under single ownership. Equitas acquired Garland in September and, in March, launched the 645-line-kilometre VTEM using 300-metre line-spacing.
The overall nature of the interpreted anomalies is in accord with our exploration model for Voisey’s Bay-style mineralization on the property being overlain by flat-lying, sheet-like intrusive bodies.—Everett Makela, VP of exploration for Equitas Resources
“Highly promising,” is the verdict of Equitas VP of exploration Everett Makela. “Compilation of previous work indicates that almost all of the anomalies represent newly identified areas of conductivity, at the very limit or significantly below depth detection of earlier surveys. None are explained by the available observed surface geology, a mixture of anorthosite, diorite and granite. The east-west strike of the majority of anomalies is notable, in that the major structural controller on emplacement at Voisey’s Bay was the east-west trending Gardar-Voisey’s Bay fault system, a prominent structural feature on the Garland property.”
Makela’s familiar with Voisey’s. Among his career highlights is service on the Inco team performing initial due diligence prior to the Vale-predecessor’s $4.3-billion acquisition of the project. He says many of Garland’s anomalies “display good correlation with east-west and northeast lineaments as interpreted from the known geology, magnetics and topography. The observable trends of many of the anomalies, up to one kilometre or greater, lend further encouragement for discovery of significant mineralized systems. The overall nature of the interpreted anomalies is in accord with our exploration model for Voisey’s Bay-style mineralization on the property being overlain by flat-lying, sheet-like intrusive bodies.”
Summer plans include mapping and prospecting, a 30-line-kilometre large loop EM survey and a drill program up to 4,000 metres. “We can’t wait to get that drill turning,” says Equitas corporate communications manager Sean Kingsley.