- Equity Metals (EQTY) begins drilling on the Silver Queen project in British Columbia.
- The project has over 100 years of historical exploration and development
- Workers are set to drill 6000 meter’s in two separate phases
- According to the company, drilling will test a 200-metre extension of two veins in the camp target
- Equity Metals Corporation (EQTY) is up 4.26 per cent, trading at C$0.24 at 12:34 pm EST
Equity Metals Corporation (EQTY) starts drilling at its Silver Queen project.
The project has over 100 years of historical exploration and development. It also contains two historical declines and a tailings facility.
The company is focused on resource expansion and this drilling is the first phase of a property wide exploration program.
Workers are set to drill 6000 meter’s in two separate phases, which will be carried out through the to late spring.
Additional surface soil sampling is planned and will be used to upgrade several historic targets in preparation for future drill testing.
According to the company, drilling will test a 200-metre extension of two veins in the camp target.
VP Exploration Rob Macdonald commented, “Over 20 different veins have been identified on the property, many with encouraging drill intercepts that have not been properly offset.”
The identification of such strong gold-enrichment in the Camp target, which has traditionally returned higher silver values relative to gold, further enhances the overall exploration potential of these vein extensions.
“Mineral resources have been defined on only four veins leaving extensive exploration potential remaining on the property,” added Macdonald.
Equity Metals Corporation is a Manex Resource Group company.
Equity Metals Corporation (EQTY) is up 4.26 per cent, trading at C$0.24 at 12:34 pm EST.
