Equity Metals Grants Stock Options
Equity Metals Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2024) -
Equity Metals Corporation
(TSXV:
EQTY) (OTCQB: EQMEF)
(the "Company" or "Equity Metals") has granted incentive stock options to
directors, officers and consultants to purchase 3,650,000 common shares of the Company at an
exercise price of $0.12 per share, exercisable for a period of five years. The stock options are subject to
the terms and conditions of Equity Metals' stock option plan and the policies of the TSX Venture
Exchange.
Silver Queen Project Update
Equity continued core drilling on its Flagship
Silver Queen property
during 2023 with the twin goals of
extending select known mineralized veins and of identifying new mineralization that may further increase
the project's resource base, for which an independent 2022 resource estimate demonstrated a
significant increase compared to the Company's 2019 resource. Importantly, the Company conducted
initial drilling on two exciting targets that are not included in the current Silver Queen resource, George
Lake and Cole Lake. Drill results from these two targets during 2023 suggest that shareholders can look
forward to continued encouraging news flow about Silver Queen, with the next round of drilling planned to
begin early in the spring of 2024.
Twenty-six core holes were completed in 2023 for a total of 9,989 metres drilled and 1,437 soil sediment
samples were collected. Drilling successfully demonstrated lateral and down-dip extensions of the known
deposits and confirmed the significant exploration potential of the new George Lake and Cole Lake
targets. Soil sampling results confirmed and extended the surface expression of several known zones of
mineralization as well as highlighted an exciting new 1 km
2
polymetallic soil target located just north of
the Camp Deposit. Assay results from the final six holes of the 2023 campaign are pending and will be
released shortly.
Drilling in 2024 will focus on systematic resource expansion of the Camp and Sveinson deposits and the
further delineation of mineralization at the Cole Lake and George Lake targets. Several additional new
targets will be tested in 2024 including the newly identified soil anomaly north of the Camp Deposit. An
initial 6000 metres of drilling is planned to test these targets.
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.
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
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/193122