Since then, the company has put out a steady stream of updates on exploration work at the Garland, most recently releasing a handful of initial drill results from the property.
Market participants were expecting great things from the results, in large part because the property is located less than 30 kilometers southeast of the massive Voisey’s Bay nickel mine. That mine was first discovered in 1993 by Robert Friedland’s Diamond Fields Resources, and is now a 6,000-tonne-per-day operation owned by Brazil’s Vale (NYSE:VALE).
But Voisey’s Bay is not just big — it was also discovered in a fairly dramatic fashion, with Diamond Fields hitting high-grade massive sulfides in the second hole it drilled. Equitas’ first results were lower key, but President Kyler Hardy doesn’t see them as a stumbling block.
“For us it’s very significant in that we now have focus points to narrow down and sniff out the better mineralization that we’re looking for,” said Hardy in conversation with the Investing News Network.
He added, “in less than a year, we flew a VTEM airborne survey, allowing us to see five times deeper than anyone else before, identified many possible buried anomalies and are now less than halfway through drilling them to delineate possible nickel sulfide targets. We have now uncovered possible indicators that could lead us to a major discovery on the Garland.”
Read the full article here: Kyler Hardy of Equitas Resources sheds light on recent results from the company’s Garland property.