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Equity Metals Corp V.EQTY

Alternate Symbol(s):  EQMEF

Equity Metals Corporation is engaged in the acquisition, exploration and development of mineral and diamond properties in British Columbia, Saskatchewan and the Northwest Territories. It owns a 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. It has a controlling joint venture interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 kilometers (km)of both the Ekati and Diavik diamond mines. It also has royalty and working interests in other Canadian properties. Its WO Project is located in the Lac de Gras area, over 300 km north-northeast of the city of Yellowknife in the Northwest Territories, Canada. Its La Ronge Silica Project is an historic sand quarry located in central Saskatchewan.


TSXV:EQTY - Post by User

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Post by kikbuton Nov 19, 2009 2:06pm
648 Views
Post# 16504461

interesting news

interesting news

N.W.T. diamond mine to hire 150 new workers

Last Updated:Thursday, November 19, 2009 | 11:49 AM ETComments1Recommend8

CBC News

The Diavik diamond mine in the Northwest Territories is on the vergeof hiring 150 new employees as it starts moving its operationsunderground in the new year.

The mine will begin phasing out its current open-pit miningoperations and building its underground mining project early in the newyear, with the goal of being entirely underground by 2012.

The two-year transition from open pit to underground will cost $800million and require building everything from underground tunnels toexpanding the mine's water treatment and power plants above ground.

"So there's a lot of work involved on [the] surface and underground.Part of that is hiring," Diavik spokesman Doug Ashbury told CBC News onWednesday.

Northern, aboriginal workers targeted

Ashbury said Diavik promises to make northern residents and aboriginal people an important part of the upcoming round of hiring.

Diavik will also target people who want to gain valuable miningexperience: Ashbury said 25 of the 150 new jobs will be entry-levelpositions, and training will be offered to those who are starting out.

The beginner workers start at what the mine calls the "miner five"level and will work their way up towards "miner one" status, he added.

"As the 'miner five' entry level individual gets more experience,that opens up a new opportunity for another individual," Ashbury said.

"So over time, over two to three years, our plan will have our northern workforce numbers get stronger and stronger."

Recession delayed plans

TheDiavik diamond mine is located in the Lac de Gras area, about 300kilometres northeast of Yellowknife. One of three diamond mines in theN.W.T., it went into production in 2003.

Diavik, a division of Rio Tinto PLC, owns 60 per cent of the Diavik site, with the remainder held by Harry Winston.

Mine officials had planned to begin the transition from open-pitmining to underground mining last year, but the global recession heldthose plans back.

Ashbury said the company cannot wait any longer given the open pits are nearing the end of their lifespans.

The mine will operate both the open pit and underground mines over the two-year transition period.



New Nandina's monument property is about 10 km's away from diaviks process mill and when its open pit ops end in 2012 its throughput reduces to 1500 tpd from its current capacity of 5000 tpd
Glta
Kiker

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