Equity Intersects High-Grade Gold-Silver, Including 0.4 Metres of 22.5g/t Au, 3473g/t Ag, 5.6% Cu, 2.5% Pb and 1.8% Zn (77.8g/t AuEq or 5837g/t AgEq) in the Western Sveinson Target, Silver Queen Project, BC
Equity Intersects High-Grade Gold-Silver,
Including 0.4 Metres of 22.5g/t Au, 3473g/t Ag,
5.6% Cu, 2.5% Pb and 1.8% Zn (77.8g/t AuEq or
5837g/t AgEq) in the Western Sveinson Target,
Silver Queen Project, BC
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2022) -
Equity Metals Corporation (TSXV:
EQTY) ("Equity")
reports drill results with multiple +500g/t Ag-eq intervals (see attached table below)
from the western portion of the Sveinson target on the Silver Queen property, BC. Highlights include hole
SQ21-059
which returned multiple high-grade gold-silver-polymetallic intercepts, including:
a
0.4 metre
interval grading
22.5g/t Au
,
3273g/t Ag, 5.6% Cu
,
2.5% Pb and 1.8% Zn
(77.8g/t
AuEq or 5,837g/t AgEq)
within
a
2.6 metre
interval averaging
3.8g/t Au, 509g/t Ag,
0.8% Cu,
1.1% Pb and
4.3% Zn (14.2g/t AuEq or 1,064g/t AgEq);
and
a
0.3 metre
interval grading
59.3g/t Au
, 78g/t Ag, 0.3% Pb and 2.0% Zn
(61.5g/t AuEq or
4,612g/t AgEq)
within
a
1.0 metre
interval averaging
17.5g/t Au, 25g/t Ag,
0.1% Pb and 1.8% Zn
(18.2g/t AuEq or 1,368g/t AgEq).
The drill intercepts are from the final six of twelve core holes which tested the western half of the 1-
kilometre long Sveinson target during the Fall of 2021 (see Figures 1 and 2). Drilling was widely spaced,
but successfully intersected multiple shallow veins at less than 100 metres below surface, as well as
deeper vein intercepts up to 400 metres below surface. Veins were intersected across the full 150 metre
width of the Sveinson structural zone, with preliminary 3D modeling indicating continuity between these
drill holes and the earlier released holes from the eastern end of the target area and previously reported
holes from the Camp and No. 3 vein targets.
The Sveinson target is a broad east-west-trending structural zone which forms the transition from the
strongly silver-enriched Camp target to the west into the gold-enriched southern portion of the No. 3
target to the east. Four separate veins, initially modelled from the Camp target, project into the Sveinson
target and were primary targets of this most recent drill testing.
VP Exploration Rob Macdonald commented,
"These most recent drill results continue to establish the
continuity of high-grade mineralization in the Camp/Sveinson targets, extending mineralization to
over 1.25 kilometres in strike-length and not only confirming the presence of multiple mineralized
structures, but also the high-grade tenor of both silver and gold mineralization."
The company also reports it has completed its Winter'22 drill program on the property. The program
consisted of 13 core holes totaling 4,382 metres, including six holes (2,431m) at the NG-3 target and
seven holes (1,931m) on the Camp and Sveinson targets. Logging and sampling are in progress. Assay
results are pending and anticipated over the coming 6 to 8 weeks.
Figure 1: Plan Map of targets on the Silver Queen vein system, BC
To view an enhanced version of this graphic, please visit:
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Figure 2: Longitudinal View of the Sveinson Target showing AgEq/m values.
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Table 1: Summary Composites from September2021 Drilling on the Sveinson Target.
Hole #
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
AuEq
(g/t)
AgEq
(g/t)
Comments
SQ21-056
47.9
48.4
0.5
0.5
44
0.2
1.9
3.2
3.8
285
SQ21-056
122.3
123.0
0.7
1.5
38
1.0
0.1
0.7
3.6
270
SQ21-057
125.6
129.5
3.9
0.8
23
0.0
0.8
1.9
2.5
187
26% Dilution
inc.
125.6
126.5
0.8
2.0
54
0.1
1.8
5.7
6.5
489
SQ21-057
234.3
234.8
0.5
0.1
978
0.0
0.5
0.3
13.5
1011
SQ21-057
266.0
267.2
1.2
2.2
145
0.0
6.0
7.6
10.7
802
21% Dilution
inc.
266.5
267.2
0.7
3.5
248
0.0
10.2
9.8
16.4
1233
SQ21-057
466.5
466.8
0.3
0.9
47
0.4
0.1
9.7
6.9
518
SQ21-057
477.9
479.5
1.5
0.7
63
1.1
0.0
0.0
2.9
218
SQ21-058
110.7
111.0
0.3
0.1
36
0.1
0.1
11.7
6.6
494
SQ21-058
301.4
303.4
2.0
0.6
52
0.0
0.7
3.5
3.4
257
26% Dilution
inc.
302.4
303.4
1.0
0.6
79
0.0
0.9
5.8
5.0
379
SQ21-059
31.5
32.0
0.6
0.5
147
1.1
0.5
1.8
5.0
377
SQ21-059
94.1
96.7
2.6
3.8
509
0.8
1.1
4.3
14.2
1064
inc.
95.0
96.0
1.0
9.5
1355
2.1
2.5
10.6
36.6
2746
inc.
95.6
96.0
0.4
22.5
3473
5.6
2.5
1.8
77.8
5837
SQ21-059
99.6
101.1
1.5
0.9
141
0.2
0.2
0.3
3.2
242
SQ21-059
204.4
205.5
1.0
17.5
25
0.0
0.1
0.8
18.2
1368
48% Dilution
inc.
204.4
204.7
0.3
59.3
78
0.0
0.3
2.0
61.5
4612
SQ21-059
302.9
304.0
1.1
3.1
20
0.1
0.1
0.3
3.7
275
SQ21-059
307.6
308.4
0.8
1.5
106
0.2
0.5
3.1
4.9
371
SQ21-060
91.4
91.6
0.2
1.1
104
0.1
17.8
2.7
12.0
899
SQ21-060
215.6
216.8
1.3
0.4
16
0.1
0.9
1.1
1.7
129
inc.
216.6
216.8
0.3
1.2
44
0.0
4.5
4.0
5.9
442
SQ21-060
289.3
289.6
0.4
2.1
51
0.1
0.3
1.8
4.0
301
SQ21-061
230.4
231.4
1.0
0.3
83
0.0
3.3
3.5
4.7
354
SQ21-061
285.6
286.2
0.6
2.3
131
0.0
6.1
8.2
11.0
827
SQ21-061
288.9
289.2
0.3
1.3
118
0.0
4.1
5.8
7.6
572
Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%)
overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav.
Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported.
Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. Reported intervals are core lengths,
true widths undetermined or estimated. Accuracy of results is tested through the systematic inclusion of QA/QC standards, blanks and duplicates
into the sample stream. AuEq and AgEq were calculated using prices of $1,500/oz Au, $20/oz Ag, $2.75/lb Cu, $1.00/lb Pb and $1.10/lb Zn. AuEq
and AgEq calculations did not account for relative metallurgical recoveries of the metals.
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, camp
infrastructure, and a maintained Tailings Facility.
The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants
totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins
distributed over a 6 sq km area. An initial NI43-101 Mineral Resource Estimate was detailed in a News
Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for
approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried
Itsit copper-molybdenum porphyry.
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.
About Equity Metals Corporation
Equity Metals Corporation is a Manex Resource Group Company. Manex provides exploration,
administration, and corporate development services for Equity Metals' two major mineral properties, the
Silver Queen Au-Ag-Zn-Cu project,
located in central B.C., and the
Monument Diamond project
,
located in Lac De Gras, NWT.
The Company owns 100% interest, with no underlying royalty, in the
Silver Queen project,
located
along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade,
precious- and base-metal veins related to a buried porphyry system, which has been only partially
delineated. The Company also has a controlling JV interest in the
Monument Diamond project
,
NWT
,
strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond
mines. The project owners are Equity Metals Corporation (57.49%), Chris and Jeanne Jennings
(22.11%); and Archon Minerals Ltd. (20.4%). Equity Metals is the operator of the project.
The Company also has royalty and working interests in other Canadian properties, which are being
evaluated further to determine their value to the Company.
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
.
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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.
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