Equity Metals Provides Corporate Update
Equity Metals Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2023) -
Equity Metals
Corporation
(TSXV: EQTY) (OTCQB: EQMEF) (the "Company" or "Equity Metals") announces that the
following incumbent directors were re-elected at the Company's annual general meeting held on January
25, 2023: Joseph A. Kizis, Jr., Lawrence Page, K.C., Killian Ruby, Courtney Shearer and John Kerr. In
addition, the shareholders re-appointed Davidson & Company LLP, Chartered Accountants, as auditor
of Equity Metals and approved the Company's rolling incentive stock option plan pursuant to which a
maximum of 10% of the issued shares will be reserved for issuance under the plan.
The following officers were re-appointed subsequent to the annual general meeting: Joseph A. Kizis, Jr.
as President, Lawrence Page, K.C. as Chairman, Robert Macdonald as Vice President Exploration,
Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary.
About Silver Queen Project
The Silver Queen project is a premier gold-silver property with over 100 years of historical 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 two historical declines 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.
On December 1, 2022 (NR-12-22), the Company reported an independently estimated, Mineral
Resource Estimate ("MRE") for Silver Queen which increased an earlier MRE, initially reported on July
16th, 2019, by +187% in the Indicated category and by +30% in the Inferred category on a AgEq basis
with approximately 74% of the new MRE classified as Indicated Resources. The Company has
expended C$6.75 million on exploration of the Silver Queen project since 2019 resulting in a very low
discovery cost of $0.15/oz of added AgEq or $11/oz of added AuEq. The MRE remains open for
additional delineation west of the Camp Target and within the Sveinson Target. In addition, there are
several targets that have only been tested by a few drill holes and remain very attractive areas for new
discoveries and MRE increase.
For more information on the recent MRE, please refer to the Company's News Release NR-12-22 dated
December 1, 2022 and NR-02-23 dated January 16, 2023.
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
"Lawrence Page"
Lawrence Page, K.C.
Chairman & 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/152558