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About Equity Metals Corporation
Equity Metals Corporation (OTCQB: EQMEF) is a Canadian-based mineral exploration company strategically focused on high-grade precious and base-metal projects. A member of the Malaspina-Manex Group, the company operates with a strong emphasis on resource expansion and underexplored mineral assets with significant potential for development. Equity Metals is committed to leveraging its expertise in geology and exploration to uncover value in its diverse project portfolio.
Core Projects
1. Silver Queen Project
The Silver Queen Project, Equity Metals’ flagship asset, is a high-grade gold-silver property located along the Skeena Arch in the Omineca Mining Division of British Columbia. The property spans 18,871 hectares and comprises 46 mineral claims, 17 crown grants, and two surface crown grants with no underlying royalties. Mineralization is hosted within a series of epithermal veins distributed over a 6-square-kilometer area, with over 20 veins identified to date. Key highlights include:
- Proximity to infrastructure, including power, roads, and rail access.
- Historic underground workings, including the No. 3 Vein, which accounts for a significant portion of the project's mineral resources.
- An updated NI 43-101 Mineral Resource Estimate (effective December 1, 2022) showcasing high-grade gold and silver mineralization.
- Ongoing exploration programs that have successfully extended mineralized zones, including the George Lake and Camp Deposit targets.
The Silver Queen Project benefits from over 100 years of historic exploration and development, making it a cornerstone in Equity Metals’ portfolio.
2. Monument Diamond Project
Equity Metals holds a controlling 57.49% joint venture interest in the Monument Diamond Project, located within the Lac de Gras district of the Northwest Territories. This region is home to world-class diamond mines, including Ekati and Diavik, situated within 40 kilometers of the project. The Monument Project represents a strategic asset with potential for high-value diamond discoveries.
3. Arlington Property
In 2024, Equity Metals acquired an option to earn a 100% interest in the Arlington Property, a 3,583-hectare gold-copper-silver project located within the Boundary District of southern British Columbia. The property features multiple historic mineral occurrences and significant soil geochemical anomalies, indicating potential for epithermal vein and porphyry-related mineralization. Planned exploration activities include geophysical surveys, trenching, and drilling to further delineate targets.
Exploration Strategy
Equity Metals employs a systematic and data-driven approach to exploration, focusing on:
- Expanding known mineral resources through targeted drilling campaigns.
- Identifying new mineralized zones within underexplored areas.
- Leveraging existing infrastructure to reduce development costs.
- Collaborating with industry experts to optimize exploration methodologies.
Competitive Position
Equity Metals differentiates itself through its portfolio of high-grade, strategically located properties, experienced management team, and commitment to responsible exploration practices. The company operates within the broader context of the Canadian mining industry, which is renowned for its rich mineral resources and supportive regulatory environment.
Conclusion
Equity Metals Corporation is a dynamic exploration company with a clear focus on unlocking the value of its high-grade mineral assets. Through meticulous exploration and resource expansion, the company aims to position its projects as attractive opportunities for partnerships or future development.
Equity Metals (EQMEF) has reported promising results from its Q4 2024 surface sampling program at the Arlington gold property in British Columbia. The program expanded the southern Au-in-soil anomaly to 800m x 800m on the South Fresh Pots Target, with 33 of 217 soil samples yielding >100ppb Au and 3 samples exceeding 1g/t Au.
Notable discoveries include gold-bearing outcrop with exceptional grab samples of 41.8g/t Au and 7.9g/t Au, plus a continuous chip sample of 13.3g/t Au over two meters. A new polymetallic vein showing was also found, containing 0.126ppm Au, 21.63ppm Ag, 1.07% Pb, and 1.26% Zn.
The company has expanded its land position by staking three additional claims totaling 1,830ha, bringing the total Arlington property to 5,387ha. A comprehensive airborne magnetic/radiometric survey was completed, and a CDN$1.2 million exploration program is planned for Spring 2025, including Lidar Survey, ground IP geophysics, and a 3,000-metre drill campaign.
Equity Metals reports final 2024 assay results from drilling at its Silver Queen project in British Columbia. The company completed sixteen core holes totaling 5,952 metres on the No. 3 North Target, successfully extending mineralization along an additional 400 metres northwest of previously modelled areas.
Key highlights include intersections of 507g/t AgEq over 2.7 metres (including 1,089g/t AgEq over 0.6 metres), 386g/t AgEq over 3.6 metres (including 713g/t AgEq over 1.6 metres), and 1,609g/t AgEq over 0.7 metres.
The No. 3 vein was tested to over 250 metres below surface while the No. 2 Vein was tested to over 400 metres below surface. Both structures remain open laterally and to depth, with further testing planned for 2025. The company's exploration plans for 2025 are fully funded.
Equity Metals (TSXV: EQTY) has reported initial assay results from its Fall 2024 drill program at the Silver Queen Au-Ag project in British Columbia. The program completed 16 core holes totaling 5,952 metres on the No. 3 North Target. Key highlights include:
- 7.6 metre interval grading 431g/t AgEq (including 1.6 metre at 1,475g/t AgEq)
- 3.3 metre interval grading 710g/t AgEq (including 1.1 metre at 1,341g/t AgEq)
- 2.4 metre interval grading 473g/t AgEq
The results confirm mineralization beyond the northern end of the No. 3 Vein resource model, extending 100 metres below and 100 metres laterally. The No. 3 Vein represents the largest deposit on the property, accounting for 65% of current mineral resources.
Equity Metals (TSXV: EQTY) has received TSX Venture Exchange approval for its option agreement with Origen Resources to acquire a 100% interest in the Arlington Property, comprising nine claims totaling 3,583.89 ha in British Columbia's Boundary District.
The company has already paid $80,000 ($30,000 for drill permit bond reimbursement) and issued 944,686 shares valued at $200,000 to Origen. To complete the acquisition, Equity must pay an additional $50,000, issue 2 million shares, and spend $250,000 on exploration within one year. Origen will retain a 2% net smelter returns royalty, with Equity having the option to purchase 1% for $1 million.
Initial work plans include soil sampling, geological mapping, prospecting, and possible trenching, followed by drilling in 2025.
Equity Metals (TSXV: EQTY) has signed a letter agreement with Origen Resources to acquire a 100% interest in the Arlington Property, consisting of nine claims totaling 3,583.89 hectares in British Columbia's Boundary District. The acquisition terms include cash payments of $130,000, exploration expenditures of $250,000, and two share issuances valued at $200,000 each, all within one year of regulatory approval. Origen will retain a 2% net smelter returns royalty, with Equity having the option to purchase 1% for $1,000,000.
Equity Metals reports final assay results from its Summer '24 drill program on the Silver Queen Au-Ag project in British Columbia. The program successfully extended the George Lake target by 550 metres southeast, yielded Bonanza-grade silver intercepts at the Camp Deposit, and made a new sulphide-rich discovery at Camp North. Highlights include intercepts from hole SQ24-120 with 13.6g/t AuEq over 0.5 metres and 12.0g/t AuEq over 0.6 metres. The drilling program completed 24 core holes totaling 10,543 metres across various targets. New drilling continues at the No. 3 Vein North target, with seven core holes completed of 14 planned.
Equity Metals (TSXV: EQTY) reports continued high-grade silver intersections at the Camp Deposit and new Camp North target on its Silver Queen Au-Ag project in British Columbia. Key findings include:
1) A 0.7m interval grading 18.4g/t AuEq at Camp Deposit
2) A 1.8m interval averaging 10.2g/t AuEq at Camp North Target
3) Continued mineralization at George Lake target
The company has begun its Fall '24 drilling program, focusing on the No.3 Vein North area with up to 5,000m planned. The Summer '24 program completed 24 core holes totaling 10,543 metres across multiple targets. VP Exploration Rob Macdonald highlighted the exploration potential and ongoing resource expansion opportunities.
Equity Metals (TSXV: EQTY) reports significant drilling results from its Silver Queen Au-Ag project in British Columbia. Bonanza-grade silver was intersected at the Camp Deposit, with highlights including:
- 7,099g/t Ag over 0.7m within 1,501g/t Ag over 3.5m in hole SQ24-124
- 1,156g/t Ag over 0.7m within 484g/t Ag over 2.3m in hole SQ24-123
At the George Lake target, bonanza-grade gold was encountered:
- 58.2g/t Au over 0.4m in hole SQ24-113
- 17.1g/t AuEq over 0.5m in hole SQ24-111
The company completed 24 core holes totaling 10,543 metres in its Summer '24 program. Drilling is paused for August to analyze results and will resume in mid-September.
Equity Metals (TSXV: EQTY) has reported initial 2024 drill results from the George Lake target at its 100% owned Silver Queen Au-Ag project in British Columbia. The drilling program, which began in May, has completed 20 core holes totaling 7,553 meters, testing a 550-meter strike length of the George Lake structure to depths of up to 400 meters below surface.
Key highlights include:
- Drill hole SQ23-105: 8.8 meters averaging 324g/t AgEq, including 1.2 meters of 1189g/t AgEq
- Drill hole SQ23-107: 2.7 meters averaging 265g/t AgEq
These results confirm the lateral projection and continuity of mineralization in the George Lake structure. The company plans to continue exploration drilling to further extend the mineralization and test the structure to greater depths.
Equity Metals (TSXV: EQTY) has initiated its 2024 Drill Program on the Silver Queen Ag-Au project in British Columbia. Up to 6,500 meters of drilling are planned to focus on the George Lake vein system, with additional targets being developed for drilling in 2024. A successful 2023 drill program confirmed the potential of the George Lake target, showing high-grade mineralization and further expansion possibilities.
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