Equity Metals Corporation reported that drilling has intersected bonanza-grade silver at the Camp Deposit and bonanza-grade gold at the George Lake zone on its 100% owned Silver Queen Au-Ag project, British Columbia. Drill highlights from the Camp Deposit include: A 0.7 metre (est. TT) interval grading 7,099g/t Ag, 0.4g/t Au, 0.3% Cu, 2.0% Pb and 5.4% Zn (101.3g/t AuEq or 7,532g/t AgEq) within a 3.5 metre (est.
TT) interval averaging 1,501g/t Ag, 0.5g/t Au, 0.1% Cu, 0.8% Pb and 5.9% Zn (25.6g/t AuEq or 1,901g/t AgEq) in drillhole SQ24- 124; and A 0.7 metre (est. TT) interval grading 1,156g/t Ag, 0.3g/t Au, 0.8% Pb and 0.8% Zn (16.9g/t AuEq or 1,257g/t AgEq) within a 2.3 metre (est TT) interval grading 484g/t Ag, 0.2g/t Au, 0.5% Pb and 0.6% Zn (7.5g/t AuEq or 557g/t AgEq) in drillhole SQ24-123. The highlight mineralized intercept from drill hole SQ24-124 is relatively shallow, starting at only 148.7 metres down hole, and helps build lateral continuity in one of the earlier modeled high-grade, silverenriched veins within the Camp Deposit.
The intercept from drill hole SQ24-123 tested a previously unmodelled deeper structure, starting at 441.0 metres downhole and demonstrates lateral continuity along a 140 metre strike-length with previously reported intercepts from drillholes SQ22-079 and SQ22- 080. Mineralization in this structure remains open both vertically and laterally for further drill testing and has not previously been included in resource calculations. New veins identified in the Camp structure will be accretive to the existing mineral resources in the deposit.
These two highlight intervals report rushed assays based on visuals from two of four drillholes that tested high-grade veins along the western margin of the Camp Deposit. Additional mineralized intercepts were noted in each of the holes and were sampled; the balance of assays is anticipated in the coming weeks. George Lake Target The Company also reports on additional assay from its 2024 drilling on the George Lake target which include: A 0.4 metre (est.
TT) interval grading 58.2g/t Au, 66g/t Ag, 1.2% Pb and 1.3% Zn (60.7g/t AuEq or 4512g/t AgEq) in drillhole SQ24-113; and A 0.5 metre (est. TT) interval grading 0.8g/t Au, 67g/t Ag, 0.2% Cu, 3.7% Pb and 17.9% Zn (17.1g/t AuEq or 1269g/t AgEq) in drillhole SQ24-111. The current drill results help confirm the lateral continuity of both the mainGeorge Lake structure and several hangingwall veins in the target area.
Of note, the high-grade gold intercept in SQ24-113 is a deeper intercept starting at 399 metres downhole. Initial 3D modeling indicates that the intercept projects further to the southwest than the targeted vein and may represent a separate footwall vein to the mainGeorge Lake structure which is open for further drill testing. Twenty-four core holes totalling 10,543 metres were completed as part of Equity's Summer '24 exploration program, which includes 18 drill holes totalling 7,541 metres at the George Lake target, four drillholes totalling 2,687 metres at the Camp target and two holes totalling 975 metres at the Camp North target.
Complete assay results have been reported for only nine holes and partial results returned for two additional holes with the balance of assays yet to come. The company has paused drilling during August to allow additional assay returns to help direct drilling in the next phase of work. Compilation and modelling of the current results continues in preparation for new drilling due to start in mid-September.
About Silver Queen Project The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No.
3 Vein and the George Lake Vein, camp infrastructure, and a maintained Tailings Facility. The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,871ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area.
An updated NI43-101 Mineral Resource Estimate with effective date December 1, 2022. More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under-explored.
