Equity Metals Reports Final Assay Results from Summer Drilling on the Silver Queen Property, BC; Provides Drilling Update
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 riporta i risultati finali delle analisi del suo programma di trivellazione estivo '24 sul progetto Silver Queen Au-Ag in Columbia Britannica. Il programma ha ampliato con successo il bersaglio George Lake di 550 metri a sud-est, ha prodotto intercettazioni di argento di grado Bonanza al Camp Deposit e ha effettuato una nuova scoperta ricca di solfuri a Camp North. I punti salienti includono le intercettazioni del foro SQ24-120 con 13.6g/t AuEq su 0.5 metri e 12.0g/t AuEq su 0.6 metri. Il programma di trivellazione ha completato 24 fori di carotaggio per un totale di 10.543 metri su vari bersagli. Nuove trivellazioni continuano presso il bersaglio No. 3 Vein North, con sette fori di carotaggio completati dei 14 pianificati.
Equity Metals informa sobre los resultados finales de los ensayos de su programa de perforación de verano '24 en el proyecto Silver Queen Au-Ag en Columbia Británica. El programa amplió con éxito el objetivo George Lake en 550 metros al sureste, produjo intercepciones de plata de grado Bonanza en el Camp Deposit y realizó un nuevo descubrimiento rico en sulfuros en Camp North. Los puntos destacados incluyen intercepciones del agujero SQ24-120 con 13.6g/t AuEq sobre 0.5 metros y 12.0g/t AuEq sobre 0.6 metros. El programa de perforación completó 24 agujeros de núcleo con un total de 10,543 metros en varios objetivos. Se continúa la perforación en el objetivo No. 3 Vein North, habiendo completado siete agujeros de núcleo de los 14 planeados.
Equity Metals는 브리티시컬럼비아에 있는 Silver Queen Au-Ag 프로젝트의 2024년 여름 드릴 프로그램에서 최종 분석 결과를 보고합니다. 이 프로그램은 George Lake 타겟을 남동쪽으로 550미터 확장하는 데 성공했으며, Camp Deposit에서 보난자급 은을 intercept 했고, Camp North에서 새로운 황화물 발견을 이루었습니다. 주요 내용으로는 SQ24-120 구멍에서 0.5미터에 걸쳐 13.6g/t AuEq 및 0.6미터에 걸쳐 12.0g/t AuEq의 intercept가 포함되어 있습니다. 드릴링 프로그램은 다양한 타겟에서 총 10,543미터의 24개 코어 홀을 완료했습니다. 현재 No. 3 Vein North 타겟에서 새로운 드릴링이 진행 중이며, 계획된 14개 중 7개 코어 홀이 완료되었습니다.
Equity Metals rapporte les résultats finaux des analyses de son programme de forage d'été '24 sur le projet Silver Queen Au-Ag en Colombie-Britannique. Le programme a réussi à étendre la cible George Lake de 550 mètres au sud-est, a produit des intersections d'argent de qualité Bonanza au Camp Deposit, et a fait une nouvelle découverte riche en sulfures à Camp North. Les points forts incluent des intersections du trou SQ24-120 avec 13,6g/t AuEq sur 0,5 mètres et 12,0g/t AuEq sur 0,6 mètres. Le programme de forage a complété 24 trous de carottage totalisant 10 543 mètres sur diverses cibles. De nouveaux forages se poursuivent au niveau de la cible No. 3 Vein North, avec sept trous de carottage complétés sur les 14 prévus.
Equity Metals berichtet über die endgültigen Analyseergebnisse seines Bohrprogramms im Sommer '24 für das Silver Queen Au-Ag Projekt in British Columbia. Das Programm hat das George Lake Ziel erfolgreich um 550 Meter nach Südosten erweitert, erbrachte Bonanza-Grad Silberabschnitte im Camp Deposit und machte eine neue, sulfidreiche Entdeckung in Camp North. Höhepunkte sind Abschnitte aus Bohrloch SQ24-120 mit 13,6g/t AuEq über 0,5 Meter und 12,0g/t AuEq über 0,6 Meter. Das Bohrprogramm schloss 24 Kernbohrlöcher mit insgesamt 10.543 Metern über verschiedene Ziele ab. Die neue Bohrung geht am No. 3 Vein North Ziel weiter, wobei sieben von 14 geplanten Kernbohrlöchern abgeschlossen sind.
- Discovery of new sulphide-rich mineralization at Camp North target
- Extension of George Lake target by 550 metres southeast
- High-grade intercepts including 13.6g/t AuEq over 0.5 metres at George Lake
- Successful completion of 24 core holes totaling 10,543 metres
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - Equity Metals Corporation (TSXV: EQTY) ("Equity") reports final assay results from the Summer '24 drill program on its
These latest assays represent the final results from Equity's Summer '24 drill program on its Silver Queen property. Drilling has successfully extended the George Lake target up to 550 metres to the southeast of the original discovery, returned further Bonanza-grade silver intercepts from several veins along the western margin of the Camp Deposit and made a new, thick sulphide-rich drill discovery at the Camp North target, which remains open to extension. Exploration continues on the property with new drilling on the No. 3 Vein North target that started in late September and continues through the Fall.
New highlight assays from the George Lake Target include intercepts from hole SQ24-120:
A 0.5 metre (Est. TT) interval grading 2.6g/t Au, 81g/t Ag,
2.2% Pb and11.5% Zn (13.6g/t AuEq or 1,008g/t AgEq) within a broader 1.5 metre (est. TT) interval averaging 1.2g/t Au, 38g/t Ag,0.8% Pb and3.8% Zn (5.0g/t AuEq or 375g/t AgEq) starting 247.4m downhole; andA 0.6 metre (Est. TT) interval grading 2.0g/t Au, 51g/t Ag,
0.6% Pb and11.9% Zn (12.0g/t AuEq or 895g/t AgEq) within a broader 3.5 metre (est. TT) interval averaging 0.5g/t Au, 17g/t Ag,0.6% Pb and2.8% Zn (3.1g/t AuEq or 234g/t AgEq) starting 272.7m downhole.
Drilling on the George Lake target continues to provide definition to multiple veins found in the target area which form clusters of gold and silver-enriched, northwest-trending polymetallic veins. Two prominent vein sets and several clusters of thicker intercepts have been identified in 3D modelling. Further analysis continues in order to define prospective targets down-dip of the thicker and higher-grade "mineralized-shoots" for follow-up drill testing.
Camp Deposit
New assay results were received from the Camp Deposit that identified both hangingwall and footwall veins adjacent to earlier reported intercepts of the main target veins and include:
A 1.0 metre (est. TT) interval averaging 2.5/t Au, 57g/t Ag,
1.1% Pb and11.6% Zn (12.9g/t AuEq or 958g/t AgEq) from a shallow hangingwall vein in drillhole SQ24-123; and.A 2.4 metre (est. TT) interval averaging 0.1g/t Au, 173g/t Ag,
0.1% Pb and0.3% Zn (2.7g/t AuEq or 202g/t AgEq) from a deeper footwall vein in drillhole SQ24-123.
These new assay results compliment previously reported results from drill hole SQ24-123 (2.3m (est. TT) of 557g/t AgEq; see NR-09-24 dated Aug 27, 2024) and continue to confirm the presence of both the high-grade hangingwall vein identified in earlier drilling and also deeper mineralized intervals that remain open for further delineation and potential extension. For reference, earlier reported intercepts from the Summer '24 drill program in the Camp Deposit include:
A 3.5 metre (est. TT) interval of 1901g/t AgEq in drillhole SQ24-124 (see NR-09-24; Aug 27, 2024); and
A 7.5 metre (est. TT) interval of 255g/t AgEq in drill hole SQ24-125 (see NR-10-24; Oct 1, 2024);
Figure 1: Plan of Silver Queen project area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/228037_7849bd01e4f3f8ca_002full.jpg
Drilling also identified several narrow veins up-hole from the previously reported discovery intercept in the Camp North target (8.6m (down hole depth) of 352g/t AgEq from SQ24-128; see NR-10-24, Oct 1, 2024) which remains open both vertically and laterally to the east.
The Summer '24 drill program extended multiple veins on the western margin of the Camp Deposit with well mineralized intercepts returned from both shallow hangingwall structures and deeper vein sets. New targeting has been identified at both the Camp and the Camp North targets for follow-up drilling as part of the Company's current Fall '24 drill program.
Drill Summary
Twenty-four core holes totalling 10,543 metres were completed as part of Equity's Summer '24 exploration program, which includes 18 drillholes totalling 7,541 metres at the George Lake target, four drillholes totalling 2,687 metres at the Camp target, and two drillholes totalling 975 metres at the Camp North target. All assays from the drill program have been received.
Figure 2: George Lake Longitudinal Section showing historical and 2023-24 drill intercepts, and the distribution of potential mineralized shoots. Historical Intercepts are semi-transparent.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/228037_7849bd01e4f3f8ca_003full.jpg
Drilling Update
The Company also reports that drilling continues on the No. 3 Vein North target. Seven core holes totalling 2,449 metres have been completed to date of the 14 holes planned for this target. This is a new target area for the Company, which could potentially extend the No. 3 Vein deposit a further 300 metres to the northwest. The No. 3 Vein North area has been previously tested by limited historical drilling, limited underground development, and minor historical mining. Initial drilling on the target is intended to confirm the encouraging historical drill results and then test lateral and downdip extensions of the higher-grade zones. Logging and sampling of the holes is in progress and new assay results are anticipated over the coming weeks.
Planning is underway for additional follow up holes for the Camp Deposit, Camp North and George Lake targets and will be added to the current drill program.
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 1st, 2022 was detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR+ (www.sedarplus.ca/) and the Company's website.
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.
Table 1: Select Currently Reported Composites from 2024 Drilling on the George Lake Target
| Hole # | From (m) | To (m) | Interval (m) |
| Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq (g/t) | AgEq (g/t) | Comments |
| George Lake | ||||||||||||
| SQ24-120 | 111.8 | 112.1 | 0.3 | 0.2 | 1.5 | 147 | 0.2 | 1.1 | 14.1 | 14.8 | 1104 | |
| SQ24-120 | 142.2 | 144.0 | 1.8 | 1.6 | 0.5 | 33 | 0.0 | 0.1 | 2.0 | 2.5 | 187 | |
| SQ24-120 | 224.4 | 226.5 | 2.1 | 1.8 | 0.6 | 20 | 0.0 | 0.7 | 1.6 | 2.4 | 180 | |
| SQ24-120 | 247.4 | 249.1 | 1.8 | 1.5 | 1.2 | 38 | 0.1 | 0.8 | 3.8 | 5.0 | 375 | |
| inc. | 247.4 | 247.9 | 0.6 | 0.5 | 2.6 | 81 | 0.1 | 2.2 | 11.5 | 13.6 | 1008 | |
| SQ24-120 | 272.7 | 276.8 | 4.1 | 3.5 | 0.5 | 17 | 0.0 | 0.6 | 2.8 | 3.1 | 234 | |
| inc. | 276.0 | 276.8 | 0.8 | 0.6 | 2.0 | 51 | 0.1 | 0.6 | 11.9 | 12.0 | 895 | |
| SQ24-120 | 291.9 | 295.7 | 3.8 | 3.2 | 0.4 | 12 | 0.0 | 0.3 | 1.8 | 2.1 | 155 | |
| inc. | 292.9 | 293.3 | 0.4 | 0.3 | 1.8 | 37 | 0.0 | 1.8 | 8.9 | 9.9 | 735 | |
| SQ24-121 | 314.0 | 315.1 | 1.2 | 0.8 | 0.5 | 26 | 0.1 | 0.2 | 0.6 | 1.6 | 122 | |
| SQ24-122 | 224.3 | 225.5 | 1.3 | 0.6 | 0.5 | 49 | 0.1 | 0.7 | 1.8 | 3.0 | 222 | |
| Camp Deposit | ||||||||||||
| SQ24-123 | 27.0 | 28.3 | 1.3 | 1.0 | 2.5 | 57 | 0.3 | 1.1 | 11.6 | 12.9 | 958 | |
| SQ24-123 | 256.6 | 258.0 | 1.4 | 1.2 | 0.1 | 72 | 0.1 | 0.9 | 0.8 | 2.3 | 174 | |
| SQ24-123 | 441.0 | 443.9 | 2.9 | 2.3 | 0.2 | 484 | 0.0 | 0.5 | 0.6 | 7.5 | 557 | Previously Released |
| inc. | 441.0 | 441.9 | 0.9 | 0.7 | 0.3 | 1156 | 0.0 | 0.8 | 0.8 | 16.9 | 1257 | Previously Released |
| SQ24-123 | 492.1 | 492.9 | 0.8 | 0.6 | 0.3 | 54 | 0.0 | 0.7 | 2.9 | 3.6 | 266 | |
| SQ24-123 | 498.2 | 501.2 | 3.0 | 2.4 | 0.1 | 173 | 0.0 | 0.1 | 0.3 | 2.7 | 202 | |
| inc. | 500.1 | 501.2 | 1.0 | 0.8 | 0.1 | 320 | 0.0 | 0.1 | 0.5 | 4.8 | 359 | |
| SQ24-124 | 138.0 | 139.3 | 1.3 | 1.0 | 0.2 | 170 | 0.0 | 0.2 | 0.8 | 3.1 | 234 | |
| inc. | 138.9 | 139.3 | 0.4 | 0.3 | 0.3 | 428 | 0.0 | 0.0 | 0.3 | 6.3 | 470 | |
| SQ24-124 | 148.7 | 153.0 | 4.3 | 3.5 | 0.5 | 1501 | 0.1 | 0.8 | 5.9 | 25.6 | 1901 | Previously Released |
| inc. | 148.7 | 149.5 | 0.9 | 0.7 | 0.4 | 7099 | 0.3 | 2.0 | 5.4 | 101.3 | 7532 | Previously Released |
| and inc. | 150.6 | 151.1 | 0.5 | 0.4 | 1.1 | 108 | 0.1 | 1.6 | 32.9 | 28.2 | 2096 | Previously Released |
| SQ24-124 | 226.9 | 228.0 | 1.1 | 0.9 | 0.0 | 232 | 0.0 | 0.2 | 0.8 | 3.9 | 287 | |
| SQ24-125 | 58.0 | 66.5 | 8.5 | 7.5 | 0.5 | 63 | 0.1 | 0.5 | 2.3 | 3.4 | 255 | Previously Released |
| inc. | 61.7 | 63.6 | 1.9 | 1.7 | 1.5 | 217 | 0.4 | 1.4 | 7.5 | 11.2 | 835 | Previously Released |
| inc. | 61.7 | 62.5 | 0.8 | 0.7 | 2.7 | 388 | 0.6 | 2.5 | 11.3 | 18.4 | 1372 | Previously Released |
| SQ24-125 | 497.8 | 498.3 | 0.5 | 0.4 | 0.1 | 97 | 0.0 | 2.0 | 0.5 | 2.7 | 202 | |
| SQ24-126 | 47.5 | 49.0 | 1.5 | 1.2 | 0.8 | 18 | 0.1 | 0.3 | 3.3 | 3.8 | 282 | |
| Camp North | ||||||||||||
| SQ24-127 | 381.5 | 381.8 | 0.3 | UNK | 0.3 | 130 | 0.1 | 0.7 | 2.2 | 4.1 | 305 | |
| SQ24-127 | 520.8 | 521.7 | 0.9 | UNK | 0.0 | 102 | 0.0 | 0.5 | 0.2 | 1.8 | 133 | |
| SQ24-128 | 38.8 | 39.8 | 1.1 | UNK | 0.3 | 8 | 0.0 | 0.3 | 1.3 | 1.5 | 112 | |
| SQ24-128 | 65.6 | 66.7 | 1.1 | UNK | 0.4 | 25 | 0.0 | 0.7 | 3.2 | 3.5 | 263 | |
| SQ24-128 | 282.0 | 290.6 | 8.6 | UNK | 0.2 | 67 | 0.0 | 1.0 | 4.2 | 4.7 | 352 | Previously Released |
| inc. | 282.0 | 283.7 | 1.6 | UNK | 0.4 | 68 | 0.0 | 0.9 | 8.3 | 7.9 | 591 | Previously Released |
| and inc. | 287.6 | 289.4 | 1.8 | UNK | 0.4 | 210 | 0.0 | 3.2 | 7.4 | 10.2 | 761 | Previously Released |
Notes: drill core samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>
About Equity Metals Corporation
Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns
Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure.
On behalf of the Board of Directors
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228037
FAQ
What are the latest drilling results from Equity Metals (EQMEF) at Silver Queen?
How many drill holes did Equity Metals complete in Summer 2024 at Silver Queen?
What is the current status of Equity Metals' No. 3 Vein North drilling program?
