Equity Metals Corporation reports that crews have mobilized and drilling has commenced on the Company’s 100% owned Silver Queen project, located in central British Columbia. This is the first phase of a property wide exploration program that will focus on continued resource expansion of the Camp and Sveinson deposits and the delineation of new targets throughout the property, including the Company’s initial drill-testing of the Cole Lake and George Lake vein systems.
The program will consist of up to 6000 metres of drilling in two separate phases to be carried out through the Spring and early Summer. Additional surface soil sampling is also planned which will be used to upgrade several historic targets in preparation for future drill testing.
Initial drilling will test a 200-metre extension of two veins in the Camp target and specifically western step-outs from high-grade intercepts in drill hole SQ22-078 (previously reported in NR-10-22; Sept 8, 2022) which include:
- a 1.3 metre (0.9m est. TT) interval grading 9.3g/t Au, 1,998g/t Ag, 0.17% Cu, 2.2% Pb and 6.8% Zn (41.8g/t AuEq or 3,136g/t AgEq) within a 7.5 metre interval (5.2m est. TT) averaging 1.8g/t Au, 539g/t Ag, 0.5% Pb and 1.8% Zn (10.4g/t AuEq or 778g/t AgEq); and
- a 0.4 metre (0.3m est TT) interval grading 0.2g/t Au, 2,313g/t Ag, 1.2% Pb and 1.0% Zn (32.2g/t AuEq or 2,411g/t AgEq) within a 6.8 metre interval (4.7m est. TT) averaging 156g/t Ag, 0.1% Pb and 0.1% Zn (2.2g/t AuEq or 166g/t AgEq).
The identification of such strong gold-enrichment in the Camp target, which has traditionally returned higher silver values relative to gold, further enhances the overall exploration potential of these vein extensions.
The drilling program will also test down-dip of the Sveinson target, located to the east of the Camp target, and then to other parts of the property, including the George Lake and Cole Lake vein systems where historical drill results have partially delineated mineralization over several hundred metres of potential strike-length and to depths of up to 450 metres below surface.
VP Exploration Rob Macdonald commented, “The current drill program follows on the release of an updated Mineral Resource Estimate on the Silver Queen property in December 2022, which successfully doubled the mineral resources on a silver-equivalence basis with many mineralized blocks remaining open for further resource expansion. Over 20 different veins have been identified on the property, many with encouraging drill intercepts that have not been properly offset. Mineral Resources have been defined on only four veins leaving extensive exploration potential remaining on the property.”