Equitable Mining Corp. Red Lake Gold Properties close to new Drilling Activity

Gold mining giants focus attention on Red Lake properties near Equitable Mining claims 


TORONTO, Nov. 1  /PRNewswire-FirstCall/ -- Equitable Mining Corporation (Pink Sheets: EQBM) is working on an evaluation of its newly acquired Red Lake properties now that GoldCorp has begun drilling nearby.

Recently GoldCorp Inc. announced a new drilling program on its Red Lake properties. It is also in a joint venture with Barrick Gold Corp. in the takeover of Placer Dome that would place assets near Red Lake in GoldCorp's hands.

Earlier this year Equitable Mining Corp. purchased 10 claims in Dome Township, Red Lake mining district. It now has a 43101 report by Clark Exploration Consulting Inc.

These claims border on the south of GoldCorp claims and west and south of Wolfden's claims. Wolfden's Drill Programs have completed 6 holes with multiple holes having visible gold. Wolfden has now expanded its drill program to three drill rigs.

The strike of the formation towards equitable claims, states that the geological setting is very similar to that at GoldCorp Red Lake Mine (3 miles east) and Placer Dome Campbell Mine (3 km east).

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward". These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. 

DATASOURCE: Equitable Mining Corp.



CONTACT: Equitable Mining Corp., Jim Adams, [phone]

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