Equity Metals Drilling Underway on the Silver Queen Ag-Au Property, British Columbia
Equity Metals Drilling Underway on the Silver
Queen Ag-Au Property, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) -
Equity Metals Corporation (TSXV:
EQTY) ("Equity" or the "Company")
reports that drilling is underway on the 100% owned 18,871 ha
Silver Queen Property
, northern British Columbia. Four holes totaling 1,422 metres of the planned 18
hole, 6,000 metre 2025 drill program have been completed to date, with the current holes testing down-
dip of higher-grade mineralized intercepts from the 2024 drilling (see Figure 2 and 2024 highlights
below). Subsequent drilling will continue testing along strike, up to 400 metres laterally to the northwest.
Drill core is being logged and sampled for analyses with assays anticipated in the coming weeks.
The 2025 drill program is a continuation of drilling completed in Q4/24, which successfully confirmed
both the grade and tenor of mineralization beneath historical underground workings beyond the
northwestern end of No. 3 resource blocks. Drilling at that time extended the projection of the No. 3 Vein
for 400 metres strike-length and to over 250 metres depth below surface. Mineralization remains open
both laterally and at depth, and expanding projections of that mineralization is the target of the current
2025 drill program on the property.
Previously reported highlights from the 2024 Drill program include:
A
7.6 metre
(Est. TT) interval grading
1.1g/t Au
,
42g/t Ag
,
0.7% Pb
and
4.4% Zn
(431g/t AgEq
or 5.8g/t AuEq)
from SQ24-136;
A
3.3 metre
(Est. TT) interval grading
2.8g/t Au, 66g/t Ag
,
1.4% Pb
and
6.9% Zn
(710g/t AgEq
or 9.6g/t AuEq
from SQ24-130; and
A
2.7 metre
(Est. TT) interval grading
0.3g/t Au
,
174g/t Ag
,
1.2% Cu, 0.2% Pb
and
3.8% Zn
(507g/t AgEq or 7.1g/t AuEq)
from SQ24-141
Note: Assays first reported in News Releases NR-15-24 and NR-01-25 dated December 15, 2024 and January 15, 2025 respectively.
The No. 3 Vein hosts the single largest resource currently identified on the Silver Queen property and
with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resources
on a AgEq basis. Therefore, any extensions to the No. 3 Vein will be highly accretive to the current
mineral resource. The updated NI43-101 Mineral Resource Estimate with effective date December 1
st
,
2022 is 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+ and the Company's website.
VP Exploration Rob Macdonald commented,
"Equity continues the process of systematic extension of
the No. 3 Vein set, which remains open along strike and at depth. The 2025 drill program builds on
earlier 2024 exploration encouragement, and with continued success, will be accretive to the existing
mineral resources identified in the four known precious metal deposits currently delineated on the
property. Work in 2025 will continue to incorporate the 2024-25 drill data into revised exploration and
resource models toward a Mineral Resource update to be prepared in Q4/25 as Equity continues to
develop the ever-expanding Silver Queen vein systems."
Figure 1: Plan of Silver Queen project area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/256863_33245b6654e4ca4f_002full.jpg
Figure 2: No.3 North Longitudinal Section showing historical and 2024-25 drill intercepts.
Historical Intercepts are semi-transparent. Assays for the 2025 intercepts are pending.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/256863_33245b6654e4ca4f_003full.jpg
Arlington Property Update
The company also reports that drilling continues on the Arlington property, located in South central B.C.
Seven core holes totalling 2,651 metres have been completed to date of an anticipated nine-hole
program. Drilling has tested three separate "hot-spot" clusters of strongly anomalous Au-Ag-As values
within the larger South Fresh Pots soil anomaly (Figure 3). Geophysical features identified in a DCIP
geophysical survey conducted earlier this year have greatly enhanced targeting at both the South and
North Fresh Pot areas.
Additional surface sampling and mapping towards further drill target definition are also planned for the
North Fresh Pots, Rona and other target areas on the property. Work will continue through the month of
June and into parts of July.
Figure 3: Current drill hole distribution on the Arlington property
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/256863_33245b6654e4ca4f_004full.jpg
About Equity Metals Corporation
Equity Metals Corporation is a member of the Malaspina-Manex Group. 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 (57.49%) 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. As well, the
Company has an option to acquire a 100% interest in the
Arlington Property
, located within the
Boundary District of south-central British Columbia where 2025 exploration work is planned, consisting
of geophysics and diamond drilling designed to identify and delineate an apparent gold system. The
Company is fully funded to undertake proposed 2025 exploration and development at Silver Queen and
Arlington.
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
.
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.
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