Equitas Resources making the move to become a gold producer

9 years ago

The new Equitas Resources (TSXV : EQT) President and CEO Chris Harris joins us to discuss the new completed acquisition of Alta Floresta Gold. This is a change in direction for Equitas in the aspect that Alta Floresta has properties in Brazil and management is focused on cash flow in the near term. We also discuss the benefits to working in Brazil and the new management team.

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Here is a summary of the news…

Equitas Resources Corp. (TSXV: EQT) (US: EQTRF) (FSE: T6UN) is pleased to announce that it has finalized the acquisition of Alta Floresta Gold Ltd. Alta Floresta Gold has also increased its working interest in all of the Brazilian gold properties from 60% – 100%. Equitas through Alta Floresta Gold indirectly owns a 100% interest in six gold properties with four production licenses, and over 184,410 hectares in Central Brazil.

A strengthened team with experience in mining operations, exploration and M&A will position Equitas and its shareholders for the available opportunities. The immediate focus will be to increase current gold production and to identify additional resources in the district.

Part of the expansion plan is to acquire an identified gravity processing plant. An exploration program is being planned to further define and to expand the gold resources. It is expected that the program will consist of bulk sampling, trenching and diamond and rotary air blast (RAB) drilling.