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Strategies & Market Trends : Beat The Street With SI Traders

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To: heinz44 who wrote (168518)6/25/2015 12:55:37 PM
From: Rocket Red  Read Replies (2) of 233807
 
Equitas Resources Corp. (EQT, TSX-V) Update


A junior explorer with a good chance of success over the summer is Equitas Resources (EQT, TSX-V)…in mid-May, Equitas released encouraging results from a VTEM plus airborne survey completed on its Garland Property, 30 km southeast of the Voisey’s Bay mine in Labrador…9 areas of conductivity prospective for Nickel-Copper sulphides have been identified with most responses at the very limit of, or significantly deeper than, detection limits of historic surveys…this is certainly a speculative play to watch closely over the next several months…exploration on the target areas is expected to commence shortly…evaluation of the anomalies will include mapping and prospecting, 30 line km of large-loop EM surveys, and up to 4,000 m of diamond drilling…

Since the discovery of the Voisey’s Bay deposit in the early 1990’s, small parcels of Garland have been owned by 9 separate companies…this is the first time that this large property has been consolidated under 1 owner…

Yesterday, EQT announced the appointment of Raymond Goldie to its board of directors…Goldie is currently a vice-president and senior mining analyst with Salman Partners Inc

EQT has been in a gradual uptrend since its restructuring late last year as you can see on this 2+ year weekly chart…the uptrend line and the rising 200-day SMA at 7 cents are providing strong support…

EQT is unchanged at 9.5 cents as of 8:45 am Pacific

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