- Equity Metals (EQTY) has drilled high-grade gold-silver at its Silver Queen Project in British Columbia
- The company made the discovery on the eastern portion of the Camp Vein Target on the project
- One sample included an interval of 0.4 metres of 9.0 gramps of gold per tonne, 3,574 grams of silver per tonne and 12.7 percent copper
- All assay results have now been received from the Phase IV drilling on the Camp Vein Target, which was completed in last fall
- Crews have now mobilized to recommence drilling on the property
- Equity Metals is up 3.85 percent, trading at $0.14 at 12:46 p.m. EST
Equity Metals (EQTY) has drilled high-grade gold-silver at its Silver Queen Project in British Columbia.
The Vancouver-based mineral exploration company made the discovery on the eastern portion of the Camp Vein Target on the project.
One sample included an interval of 0.4 metres of 9.0 gramps of gold per tonne, 3,574 grams of silver per tonne and 12.7 percent copper.
The intercepts correlate with the No. 5 Vein, which historically was identified in surface sampling and limited shallow drilling to the east of the holes reported.
All assay results have now been received from the Phase IV drilling on the Camp Vein Target, which was completed in last fall.
Crews have now mobilized to recommence drilling on the property.
Previous drilling intercepts will be utilized in developing the company’s maiden resource for the Camp Vein target, expected in the second quarter.
“The identification of strongly enriched gold and copper, in addition to bonanza-grade silver, in multiple drill holes in these most recent assay results adds a significant new element to the exploration and development story evolving at the Silver Queen project. Recent drilling has continued to test extensions of the Camp Vein target farther to the east and into the Sveinson Vein Target, a cumulative strike length of over 1,250 metres. Assays from the Sveinson Vein target are pending and anticipated in the coming weeks.
New drilling, starting this week, will test farther east into the NG-3 Vein target, which has seen only modest historical drilling,” said Vice President Exploration Rob Macdonald.
The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852 hectares with no underlying royalties.
Equity Metals is up 3.85 percent, trading at $0.14 at 12:46 p.m. EST.
