Drill results from Equity Metals' No. 3 North 2025 expansion project on the Silver Queen Property in BC reveal high-grade silver equivalents, such as 540 g/t AgEq over 3.5 meters.
Equity Metals Announces High-Grade Drill Results at Silver Queen Au-Ag Project
Equity Metals Corporation, a mineral exploration company, has reported initial assay results from the Summer '25 drill program on its Silver Queen Au-Ag project in British Columbia. The latest exploration results for the No. 3 North target on the project include excellent high-grade drill intercepts.
Highlights involve a 3.5-meter interval grading 2.3 g/t Au, 167 g/t Ag, 1.3% Cu, 0.3% Pb, and 2.0% Zn (equivalent to 536 g/t AgEq or 7.4 g/t AuEq), including a narrower 0.7-meter interval with exceptionally high grades of 2.8 g/t Au, 491 g/t Ag, 4.5% Cu, 0.8% Pb, and 6.1% Zn (1,374 g/t AgEq or 19.0 g/t AuEq). Another interval of 1.7 m grades 3.7 g/t Au, 39 g/t Ag, 0.2% Cu, 0.5% Pb, and a very high 13.8% Zn (788 g/t AgEq or 10.9 g/t AuEq).
These results validate the continuity and grade of mineralization in the No. 3 North polymetallic vein system and confirm its open-ended expansion potential. Approximately 65% of the current modeled resources are now attributed to the No. 3/NG-3 veins, reflecting their growing importance to the overall deposit.
Mineralization along a 150-metre segment has now been extended to over 350 metres below surface. The impact on mineral resource models is significant: the robust new assay data provide a strong basis for an anticipated late-2025 resource update, expected to upgrade the Silver Queen project to Tier 1 status in terms of size and grade.
Future exploration plans will continue to focus on expanding the No. 3 North system through ongoing drilling (with 5,040 meters completed out of 6,000 meters planned in 2025) targeting both the lateral and down-plunge extensions of mineralization. This approach aims to further increase the resource base and de-risk the deposit, in addition to testing additional unmodeled veins within the property.
The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,871ha with no underlying royalties. Joseph Anthony Kizis, Jr., P.Geo, is President, Director of Equity Metals Corporation, and Robert Macdonald, MSc. P.Geo, is VP Exploration of the company, serving as Qualified Persons as defined by National Instrument 43-101.
In addition to the Silver Queen Project, Equity Metals Corporation also has a controlling JV interest in the Monument Diamond project in the Lac De Gras district. The company also has an option to acquire a 100% interest in the Arlington Property in the Boundary District of British Columbia.
The Silver Queen Project, with over 100 years of historic exploration and development, is a premier gold-silver property. More than 20 different veins have been identified on the project, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The project is located adjacent to power, roads, and rail with significant mining infrastructure, making it an attractive asset for further development.
References: [1] Equity Metals Corporation News Release, August 17, 2022. [2] Equity Metals Corporation News Release, September 6, 2022. [3] Equity Metals Corporation News Release, September 13, 2022. [4] Equity Metals Corporation News Release, September 20, 2022. [5] Equity Metals Corporation News Release, September 27, 2022.
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