- Equity Metals (EQTY) has intercepted bonanza-grade silver from offset drilling on its Silver Queen Project in B.C.
- Highlights include 1.4 m grading 1,097 g/t Ag, 0.8 m grading 342 g/t Ag and 0.4 m grading 1,087 g/t Ag
- Drilling is planned to continue until winter 2022
- Equity Metals is focused on mineral properties in B.C. and the Northwest Territories
- Equity Metals (EQTY) is up by 23.81 per cent and is currently trading at $0.13 per share
Equity Metals (EQTY) has intercepted bonanza-grade silver from offset drilling on its Silver Queen Project in B.C.
Silver Queen consists of 45 mineral claims, 17 crown grants and two surface crown grants totalling 18,852 ha with no underlying royalties.
The results stem from the first three drill holes of the renewed 4,500 m drilling program on the Camp Vein Target. Highlights include:
- 1.4 m grading 1,097 g/t Ag, 0.1 g/t Au, 0.2 per cent Cu, 0.5 per cent Pb and 2.2 per cent Zn
- 0.8 m grading 342 g/t Ag, 1.1 g/t Au, 5.4 per cent Pb and 18.2 per cent Zn within 2.1 m averaging 138 g/t Ag, 0.6 g/t Au, 2.3 per cent Pb and 7.3 per cent Zn
- 0.4 m grading 1,087 g/t Ag, 0.3 g/t Au, 0.1 per cent Cu, 0.1 per cent Pb and 4.6 per cent Zn within 1.8 m averaging 403 g/t Ag, 0.1 g/t Au, 0.1 per cent Cu and 1.4 per cent Zn
Drilling has defined four distinct veins and potential hangingwall and footwall veins, confirming much of Equity’s earlier modelling of the Camp Vein Target. Logging and sampling of the newly completed holes continue. Results will be released over the coming weeks and months.
Since late 2020, Equity has tested four separate target areas identifying thick intervals of high-grade gold, silver and base-metal mineralization in each of the Camp Vein, No. 5, No. 3 and NG-3 Vein systems.
Up to 15,000 m of drilling have been identified and permitted to test 2.5 km through the Camp Vein, No. 5 Vein, Switchback Vein and NG-3 Vein systems, as well as several less-defined veins.
Drilling is planned to continue until winter 2022.
Rob Macdonald, VP Exploration, stated,
“Equity’s management is encouraged by the early returns from this new drilling on the Camp Vein Target that continues to confirm the high-grade potential of the vein system and has led to a better understanding of the vein architecture. The known veins have been extended both laterally and to depth with many more new assay results pending in the coming weeks.
Drilling will continue on the property through the Fall and extend into the Winter of 2022 and will focus on further delineation and extension of the Camp and No. 5 vein systems in addition to testing new targets on the Switchback, NG-3 and George Lake South veins.”
Equity Metals is focused on mineral properties in B.C. and the Northwest Territories.
Equity Metals (EQTY) is up by 23.81 per cent and is currently trading at $0.13 per share as of 10:57 am ET.