- Equity Metals (EQTY) continues to advance its drill program at the Silver Queen Project
- Assays from the first three holes have now been received
- Highlights include 10,117 g/t silver equivalent over 0.3 metres from the Camp Vein target
- Drilling on the property in late October
- Shares in Equity Metals Corp. (EQTY) are down 3.57 per cent, trading at $0.135 per share
Equity Metals (EQTY) continues to advance its drill program at the Silver Queen Project in BC.
Assays from the first three holes have now been received, confirming the up-dip continuity of the northwest margin of the Camp Vein.
Highlights from these holes include Bonanza-grade silver, grading 10,117 g/t silver equivalent over 0.3 metres.
These assay intervals significantly add to the initial assay results from these three holes first reported on October 7, which indicated grades of up to 1,307 g/t silver equivalent over 0.4 metres.
Mineralization at the Camp Vein target remains open and untested to the west and projects both eastward and down-dip into previously identified vein intercepts.
Rob Macdonald, Equity’s VP of Exploration, commented on the results.
“Equity’s management is very encouraged by both these early assay returns from recent drilling on the Camp Vein target and with the visual core results from current drilling on the No. 5 – Switchback segment,” he said.
“The Bonanza-grade intercepts,” added Mr. Macdonald, “continue to confirm the high-grade potential of the vein system, and new drilling has confirmed the lateral projection of the mineralized structures for up to 1,000 metres along strike”
Since the beginning of the September 2021 drill program, Equity has drilled 4,636 metres in 18 core holes at the Camp Vein.
Full assays from 16 of these holes are pending, with further assay results expected over the coming weeks and into the New Year.
In addition to these holes, Equity is also testing a 1,000-metre-long target and resumed drilling on the property in late October.
Seven core holes totalling 2,718 metres have been completed to date, with step-outs of up to 850 metres laterally from previously completed drilling from the September program.
Equity Metals is engaged in the acquisition, exploration, and development of mineral properties, focusing primarily on diamond, silver, and gold.
Its Silver Queen Project is located along the Skeena Arch in the Omineca Mining Division of British Columbia.
Shares in Equity Metals Corp. (EQTY) are down 3.57 per cent, trading at $0.135 per share as of 2:16 pm ET.