Junior Equitas Resources (TSXV: EQT; US-OTC: EQTRF) has kicked off a second phase of exploration at its Garland nickel-copper-cobalt property in Newfoundland and Labrador, with the hope of discovering deeper Voisey’s Bay style mineralization.
The underexplored property sits 30 km southeast of Vale’s (NYSE: VALE) Voisey’s Bay nickel-copper-cobalt mine in northern Labrador. Before Equitas optioned into the consolidated 200 km2 package last year, 10 companies had explored fragments of the property in the late 1990s. Their work included the now outdated electromagnetic (EM) surveys that penetrated 75 metres deep.
From 2000 to 2007, Vale and its predecessors looked at parts of the Garland property, carrying out a regional airborne gravity gradiometer survey, induced polarization ground-EM surveys and ground reconnaissance sampling. They pinpointed several targets, with Vale drilling the first and only hole in 2008.
Read the complete article at NorthernMiner.com/news/equitas