Equitas Resources Corp. Acquires Turnkey Gold Mine For Near-Term Cash Flow Growth While Getting Ready For Garland Nickel Exploration
​Today, Equitas Resources Corp. announced a proposed acquisition of Alta Floresta Gold Ltd., a private British Columbia company, which owns 6 gold properties and 4 production licences over 180,000 hectares in the Brazilian states Mato Grosso and Para. Alta Floresta’s reputable management and exploration team is set to merge into Equitas’. This acquisition provides Equitas with a low-cost, small-scale gold mining operation for immediate cash flow, whereas a proposed 3 phase mine development plan is cited to increase mine output. Exploration at the Garland Nickel Project is set to restart as early as February 2016 to test 3 remaining target areas of interest. Geophysics can make a difference and play a key role for the next round of exploration.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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