Announcement Date: 2023-01-16
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Equity Metals Corp.
Project name: Silver Queen
Location: Canada
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Equity Metals Corporation (TSX.V: EQTY) (“Equity” or “Company”) reports that Kirkham Geosystems Ltd (“KGL”) and P&E Mining Consultants Inc. (“P&E”) have completed an updated Independent Mineral Resource Estimate (“MRE”) for the Silver Queen Project, British Columbia, Canada. The MRE features lateral and down-dip extensions of the previously modelled No. 3 and NG-3 Veins, originally included in the 2019 MRE, and new, previously unmodelled mineralization from the Camp and Sveinson Targets. The MRE utilizes a Net Smelter Return (“NSR”) cut-off at C$100/t with updated metal pricing. Drilling on the Camp Target identified a conjugate vein set comprising steep southwest-dipping, strongly silver-enriched veins and steep north-dipping, gold-enriched polymetallic veins. Individual veins demonstrate good lateral continuity over +150 metre strike-lengths within an overall cumulative strike- length of the target of approximately 300 metres. Drilling confirmed continuity of the vein sets to depths of up to 195 metres, with several veins extending laterally to the east and projecting into the Sveinson Target.
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