Equity Metals Corporation extends continuity between two potential targets at its Silver Queen project in British Columbia
Drilling confirmed the lateral projection of several shallow veins and a deeper intersection approximately 300 meters below surface
Equity Metals Corporation (TSX-V: EQTY, OTCQB: EQMEF) has reported new drill results that expand the continuity between two targets at its Silver Queen project in British Columbia.
Highlights of the results include 0.7 meters grading 13.6 grams per tonne (g/t) gold, 690 g/t silver and 5.9% copper.
Another interval returned 0.3 meters grading 3 g/t gold, 426 g/t silver, 3.7% copper, 0.3% lead and 1.2% zinc within an interval of 1.8 meters grading an average of 1.8 g/t gold, 90 g/t silver, 0.6% copper. , 0.3% lead and 1.1% zinc.
The drill intercepts are the first three of a 13-hole, 4,382 meter program at Silver Queen that tested both the Camp/Sveinson and NG-3 vein systems.
Equity told investors that the drilling confirmed the lateral projection of several shallow veins and a deeper intersection approximately 300 meters below surface. Additionally, strong gold and silver values were received from several intersections, which the company said reflected the character of both the Camp Vein target and the Sveinson target, indicating a possible gradation between the two. styles of mineralization.
“We have enjoyed a good stream of high-grade intercepts from our drill programs since 2020, and we are now modeling these intercepts from Camp Vein in preparation for an early resource on this target, which will add to the existing 2019 No. 3 Vein and support our initial assessment that additional deposits exist to be discovered on this target-rich property,” Chairman Joe Kizis told shareholders.
The Camp Vein resource is expected to be completed in mid-2022, Kizis added.
The Silver Queen property consists of 45 mining claims, 17 Crown claims and two surface Crown claims totaling 18,852 hectares. Although there have been more than 20 different veins identified on the property, this one remains largely under-explored.
Equity owns a 100% interest, with no underlying royalty, in Silver Queen.
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