Equitas Resources Can See Through Rock
Stephan Bogner | May 13, 2015 06:08AM ET
Today, mining analyst Stephan Bogner published a research update on Equitas Resources Corp. (TO:EQT). Around 3 weeks ago, an initiating coverage on Equitas Resources Corp. was published as, a few days prior, the company reported to have identified 4 VTEM anomalies and, on top of that, disclosed that renowned geophysicist Alan King will further analyze and interpret the newly generated VTEM data.
The industry leading VTEM airborne geophysics exploration technology has discovered numerous new deposits on a worldwide scale as it is capable to "see" below earth's surface to a depth of up to 750 m (i.e. scan deeper seated rocks for electromagnetic conductivity, first and foremost sulphides). Equitas commissioned the VTEM Plus system, which penetrates to depths of 350 m.
Today, Equitas announced in a press-release that King et al. have now identified 9 distinct VTEM anomalies indicating sulphidic nickel-copper mineralization in a depth exceeding 75 m (previous geophysics were capable to penetrate below surface up to 75 m at most).
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