Equity Metals Corporation (TSXV: EQTY) ("Equity") reports thick intercepts of mineralization in both lateral step-outs to the Camp Vein and at depth in the Sveinson Target from recent drilling on the Silver Queen property, BC.
Drill highlights Include:
These assay results are from the final four holes of the Winter '22 drill program on the Camp, Sveinson and NG-3 targets. Bonanza-grade mineralization was identified in all three of these holes (SQ22-073, -074 and -075) along the western margin of the Camp Vein target, extending the lateral projection of several veins for an additional 40 metres with intercepts up to 150 metres below surface. Several intercepts form composites of thicker mineralized intervals up to 7.7 metres downhole. Mineralization in the Camp Vein target remains open to the west and at depth, which will be further tested in 2022.
A fourth hole (SQ22-072) tested an approximate 200 metre width of the Sveinson target, intersecting three main clusters of mineralized veins to depths of up to 335 metres below surface. These represent significant step-outs from previously drilled intercepts in the western portion of the Sveinson target. Intercepts are generally more gold-enriched than intercepts in the Camp Vein and return higher base metal contents.
VP Exploration Rob Macdonald commented, "These results mark the completion of the Winter '22 drill program on the Silver Queen project, which successfully confirmed a 300 metre projection of the NG-3 vein to depths of up to 390 metres below surface; identified the western and currently open-ended projection of the Camp Vein target; and confirmed the continuity of several gold-silver-mineralized structures in the transition eastward from the Camp Vein into the Sveinson target. Compilation of this and earlier data continues toward the preparation of a mineral resource update in the coming months. Numerous veins remain open for testing across the 6 sq. km. target area, which will form the basis of additional drill testing in 2022."
Figure 1: Plan Map of targets on the Silver Queen vein system, BC
To view an enhanced version of Figure 1, please visit:
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Figure 2: Plan View Camp-Sveinson Targets showing AgEq values in composites. Note the multiple veins structures identified through the Camp and Sveinson targets.
To view an enhanced version of Figure 2, please visit:
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New Drilling on Silver Queen
The Company also reported that following the completion of the winter drill program, an additional 1,500m core hole program on the Silver Queen property is now underway. Drilling will continue to test the western extension of the Camp Vein target and the western margin of the Sveinson Target structure, and drilling should be completed over the coming weeks.
President Joe Kizis explained, "This limited drilling program is specifically testing three possible vein projections that are based on our on-going modeling. These are projections of veins beyond the limits of drilling that will be included in our independent resource and success in these holes should provide us with the guidance to further expand the resource base at Silver Queen during our planned Fall 2022 drilling."
Table 1: Summary Composites from Winter '22 Drilling on the Camp-Sveinson Targets
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq (g/t) | AgEq (g/t) | Comments |
| SQ22-072 | 82.5 | 83.2 | 0.7 | 4.5 | 232 | 0.5 | 0.1 | 0.2 | 8.4 | 633 | |
| SQ22-072 | 160.7 | 162.5 | 1.8 | 0.7 | 47 | 0.8 | 0.1 | 0.5 | 2.7 | 200 | 43% dilution |
| inc. | 160.7 | 161.5 | 0.8 | 1.5 | 68 | 1.3 | 0.1 | 0.8 | 4.5 | 339 | |
| SQ22-072 | 215.7 | 216.6 | 0.9 | 1.5 | 31 | 0.0 | 1.3 | 5.6 | 5.3 | 400 | |
| SQ22-072 | 348.2 | 350.2 | 2.0 | 0.7 | 19 | 0.1 | 0.2 | 2.0 | 2.1 | 161 | 60% dilution |
| inc. | 348.2 | 348.7 | 0.5 | 1.7 | 40 | 0.0 | 0.7 | 6.7 | 5.9 | 445 | |
| SQ22-072 | 377.7 | 378.8 | 1.1 | 0.8 | 199 | 0.5 | 3.6 | 3.1 | 7.3 | 544 | |
| inc. | 377.7 | 378.1 | 0.4 | 1.3 | 427 | 1.0 | 7.1 | 3.2 | 13.2 | 989 | |
| SQ22-072 | 385.4 | 386.4 | 1.0 | 0.3 | 72 | 0.0 | 1.4 | 6.7 | 5.4 | 402 | |
| SQ22-072 | 396.0 | 397.2 | 1.2 | 1.0 | 802 | 2.1 | 0.8 | 2.0 | 15.8 | 1183 | |
| inc. | 396.3 | 396.8 | 0.6 | 2.1 | 1705 | 4.3 | 1.6 | 4.1 | 32.9 | 2470 | |
| SQ22-073 | 71.2 | 72.6 | 1.4 | 0.2 | 228 | 0.0 | 0.1 | 0.8 | 3.7 | 277 | |
| inc. | 71.5 | 71.8 | 0.3 | 0.3 | 396 | 0.1 | 0.1 | 2.2 | 6.9 | 516 | |
| SQ22-073 | 91.1 | 92.9 | 1.8 | 0.0 | 139 | 0.0 | 0.0 | 0.1 | 1.9 | 143 | 37% Dilution |
| inc. | 92.7 | 92.9 | 0.3 | 0.0 | 717 | 0.0 | 0.0 | 0.1 | 9.7 | 726 | |
| SQ22-073 | 138.1 | 139.9 | 1.8 | 0.1 | 173 | 0.0 | 0.1 | 0.4 | 2.7 | 201 | |
| inc. | 138.1 | 138.4 | 0.3 | 0.6 | 301 | 0.0 | 0.2 | 0.6 | 5.0 | 374 | |
| SQ22-073 | 161.7 | 169.4 | 7.7 | 0.0 | 274 | 0.0 | 0.1 | 0.3 | 3.9 | 294 | |
| inc. | 169.1 | 169.4 | 0.3 | 0.1 | 2043 | 0.0 | 1.0 | 0.6 | 28.1 | 2110 | |
| SQ22-074 | 44.3 | 44.8 | 0.5 | 1.2 | 1470 | 0.1 | 0.2 | 0.8 | 21.3 | 1600 | |
| SQ22-074 | 78.2 | 78.9 | 0.7 | 0.0 | 184 | 0.0 | 0.0 | 0.0 | 2.5 | 187 | |
| SQ22-074 | 206.3 | 206.5 | 0.3 | 0.7 | 54 | 0.0 | 0.8 | 4.3 | 3.9 | 295 | |
| SQ22-075 | 36.9 | 37.2 | 0.3 | 0.0 | 679 | 0.1 | 0.0 | 0.1 | 9.3 | 698 | |
| SQ22-075 | 81.4 | 85.2 | 3.8 | 0.0 | 219 | 0.0 | 0.0 | 0.1 | 3.0 | 225 | |
| inc. | 84.4 | 84.6 | 0.3 | 0.0 | 1496 | 0.1 | 0.1 | 0.6 | 20.4 | 1534 | |
| SQ22-075 | 158.8 | 159.4 | 0.7 | 0.2 | 169 | 0.0 | 3.4 | 6.8 | 7.4 | 556 | |
| inc. | 159.2 | 159.4 | 0.3 | 0.4 | 390 | 0.1 | 7.0 | 16.1 | 17.0 | 1275 | |
Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic 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 an historic decline 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. An initial NI43-101 Mineral Resource Estimate was detailed in a News Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
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 also has a 1% royalty (Greenwood Royalty) and a 100% working interest in the La Ronge Silica Project.
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 100% controlled La Ronge Silica Project is an historic sand quarry located in central Saskatchewan, approximately 60 kilometers south-southeast of La Ronge, Saskatchewan and 210 kilometers west of Flin Flon, Manitoba. Preliminary studies indicate the silica deposit may be developed into a simple and profitable, low-cost mining and washing operation to produce high-purity silica (>98% SiO2), a specialty product for the EV battery industry.
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
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at ir@mnxltd.com.
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/124413
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Equity Metals Corporation (TSXV: EQTY) ("Equity") reports several intersections of high-grade gold and silver from six holes which tested the NG-3 target area on the Silver Queen property, BC. Equity's drilling has now confirmed the extension of the NG-3 Vein to over 300 metres of strike and to depths of up to 240 metres below surface. The holes have established internal continuity between historic intercepts drilled by previous management and earlier drilling by Equity, and mineralization remains open along strike and dip.
Drilling Highlights:
The NG-3 vein is the eastern segment of a 2.5 km-long east-west trending composite structure which includes the Camp Vein, Sveinson and parts of the No. 3 Vein targets (see Figure 1). Drilling on the property by Equity Metals over the last 18 months of exploration has confirmed multiple mineralized veins along the full strike-length of the host structural and tested some portions to depths of up to 400 metres below surface. Numerous targets within the structure zone remain to be extended laterally and to depth, which will form the basis of future exploration drilling on the property in 2022.
Drilling on the eastern end of the NG-3 target also intersected 89.3m averaging 0.1% Au, 2.1g/t Ag, 0.2% Cu and 0.04% Mo in drill hole SQ22-071 starting at 389.8 metres down hole. The mineralized interval is characterized by increased quartz veining, strong sericite-alteration with elevated pyrite content and correlates with the transition into the previously identified Itsit Porphyry system.
Vice-President of Exploration, Rob Macdonald, commented, "Drilling continues to return high-grade gold and silver values at multiple target areas along the main 2.5 km-long mineralized corridor targeted by Equity over the previous 18 months of drilling on the Silver Queen property. The confirmation of Cu-Mo-porphyry -styled mineralization at the Itsit target further highlights the presence of a large and widespread Epithermal/Porphyry mineralizing system. Multiple vein targets remain untested throughout the property and numerous veins require follow-up drilling to extend mineralization both laterally and to depth as Equity continues its systematic evaluation of this district-scale property."
The Winter '22 program consisted of 13 core holes totaling 4,382 metres, including six holes (2,431m) at the NG-3 target and seven holes (1,931m) on the Camp and Sveinson targets. Assay results are pending and anticipated in the coming days for the remaining four holes, three which tested the west side of the Camp target and a single hole which is a step-out from a high-grade intercepts in the Sveinson target.
Figure 1: Plan Map of targets on the Silver Queen vein system, BC.
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Figure 2: Longitudinal Section of the NG-3 Target looking north.
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Table 1: Summary Composites from Drilling on the NG-3 Target
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq (g/t) | AgEq (g/t) | Comments |
| NG-3 Target | |||||||||||
| SQ22-066 | 216.9 | 217.4 | 0.5 | 3.4 | 99 | 0.4 | 0.2 | 0.9 | 5.7 | 431 | |
| SQ22-066 | 302.6 | 303.2 | 0.6 | 0.6 | 254 | 1.6 | 0.1 | 3.3 | 7.7 | 580 | |
| SQ22-066 | 345.5 | 347.0 | 1.5 | 2.6 | 0 | 0.0 | 0.0 | 0.0 | 2.6 | 196 | |
| SQ22-066 | 422.0 | 422.3 | 0.3 | 1.4 | 55 | 0.0 | 0.1 | 5.5 | 4.9 | 369 | |
| SQ22-067 | 233.3 | 234.3 | 1.0 | 0.2 | 102 | 0.6 | 0.8 | 2.7 | 4.1 | 304 | 30% Dilution |
| inc. | 233.3 | 233.6 | 0.3 | 0.4 | 210 | 1.4 | 2.0 | 4.1 | 7.9 | 593 | |
| SQ22-067 | 307.2 | 310.9 | 3.7 | 4.9 | 75 | 0.2 | 0.1 | 0.3 | 6.3 | 472 | 36.5% Dilution |
| inc. | 308.9 | 310.4 | 1.5 | 11.7 | 167 | 0.4 | 0.1 | 0.2 | 14.5 | 1089 | |
| SQ22-068 | 113.3 | 113.9 | 0.7 | 1.2 | 47 | 0.1 | 0.1 | 0.3 | 2.2 | 164 | |
| SQ22-068 | 265.5 | 265.8 | 0.3 | 3.6 | 125 | 0.2 | 0.1 | 0.1 | 5.5 | 412 | |
| SQ22-069 | 317.9 | 319.1 | 1.2 | 3.7 | 31 | 0.1 | 0.1 | 0.1 | 4.3 | 322 | 58% Dilution |
| inc. | 318.8 | 319.1 | 0.3 | 14.2 | 82 | 0.2 | 0.3 | 0.2 | 15.8 | 1185 | |
| SQ22-069 | 321.7 | 322.0 | 0.3 | 3.8 | 213 | 0.1 | 0.5 | 0.3 | 7.1 | 530 | |
| SQ22-070 | 434.8 | 435.1 | 0.4 | 0.5 | 40 | 0.0 | 0.1 | 2.1 | 2.2 | 161 | |
| SQ22-071 | 57.6 | 58.7 | 1.1 | 0.8 | 131 | 1.4 | 0.1 | 0.6 | 4.7 | 354 | |
| inc. | 58.4 | 58.7 | 0.3 | 2.0 | 417 | 4.3 | 0.4 | 1.3 | 13.8 | 1036 | |
| SQ22-071 | 392.0 | 393.5 | 1.5 | 0.8 | 41 | 0.1 | 0.2 | 0.5 | 1.8 | 133 | |
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Mo (%) | Re (g/t) | CuEq (%) | AuEq (g/t) | Comments |
| NG-3 Target - Porphyry Intercepts | |||||||||||
| SQ22-071 | 389.8 | 479.00 | 89.3 | 0.1 | 2.1 | 0.2 | 0.04 | 0.4 | 0.6 | 0.8 | 0.25% CuEq Cutoff |
Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic 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 an historic decline 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. An initial NI43-101 Mineral Resource Estimate was detailed in a News Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
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 also has a 1% royalty (Greenwood Royalty) and a 100% working interest in the La Ronge Silica Project.
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 100% controlled La Ronge Silica Project is an historic sand quarry located in central Saskatchewan, approximately 60 kilometers south-southeast of La Ronge, Saskatchewan and 210 kilometers west of Flin Flon, Manitoba. Preliminary studies indicate the silica deposit may be developed into a simple and profitable, low-cost mining and washing operation to produce high-purity silica (>98% SiO2), a specialty product for the EV battery industry.
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
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at ir@mnxltd.com.
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/121884
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Equity Metals Corporation (TSXV: EQTY) ("Equity") reports analyses and initial test work on its 100% controlled La Ronge Silica Project, an historic sand quarry located in central Saskatchewan, approximately 60 kilometers south-southeast of La Ronge, Saskatchewan and 210 kilometers west of Flin Flon, Manitoba.
Preliminary studies indicate the silica deposit may be developed into a simple and profitable, low-cost mining and washing operation to produce high-purity silica (>98% SiO2), a specialty product. The sand can be mined very efficiently due to its unconsolidated nature. High-purity silica can be converted into silicon, which is being tested by the electric-car industry to replace or augment carbon in battery anodes to dramatically extend the time between charging. Other possible conventional uses exist in the ceramics and glass industries.
The Company acquired the lease as possible fracking sand; however, never mined the deposit. Historic mining was minimal and the extent of the silica deposit is open in all directions and at depth. Equity recognized the purity of the silica and its potential use as a low-cost material to produce silicon for the expected increase in demand due to electrification requirements. In October 2021, Equity initiated a sampling program to evaluate the deposit. Ten representative sites were sampled within the quarry, and sufficient material was collected to derive an average purity of the sand - see location of samples on the attached plan map of the quarry.
The samples were first analyzed by whole-rock analysis for SiO2, Al2O3, LOI (loss-on-ignition, organic material) and other elements. Average results of the 10 samples indicated 96.2% SiO2 and over 2% Al2O3. Assuming that much of the Al2O3 was in the form of clay and that LOI represented organics, a process was developed to wash all 10 samples in the lab and then to re-analyze the residual sample by whole-rock analysis. The result produced an average of 98.1% SiO2, with a range of 96.1 - 99.2%, and with 0.98% Al2O3 and less than 0.1% LOI. The washing process lost a relatively minor percentage of the original samples, approximately 12% of the total sample (2% clay + LOI and 10% SiO2 lost). X-ray diffraction (XRD) has determined that 100% of the material identified by XRD is quartz.
President Joe Kizis commented, "Our Silver Queen precious/base-metal property in BC will remain Equity's main focus; however, these results from the La Ronge Silica property are very encouraging and suggest it may become a "third leg" value to Equity, in addition to Silver Queen and the diamond properties.
"The Electric Vehicle industry recognizes the need to reduce frequency of battery charging in order to be widely accepted by the general public, and much progress on that front has been reported recently by adding silicon. High-purity silica is the feedstock to produce silicon, and now that we have this positive test work, we can investigate potential markets and partnerships for this specialty silica product."
Figure 1: Plan Map of showing sample locations, La Ronge Silica Project, Saskatchewan
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Table 1: Whole-rock analyses of pre- and post-washed samples, La Ronge Silica Quarry
To view an enhanced version of Table 1, please visit:
https://orders.newsfilecorp.com/files/5566/120137_equitytable1.jpg
Samples were submitted to SRC Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan. A 100-gram portion of each sample was subjected to a Lithium Metaborate Fusion process and then analyzed for 16 metallic elements and LOI by ICP Whole Rock analytic techniques. 10 metal results were converted to weight percent of the original sample and then calculated to specific and probable mineral form. The remaining 6 metals are expressed as ppm content of the original sample. On receipt of these initial results, a 100-gram portion of each sample was subjected to a wash and screen process. The +63-micron fraction was re-analyzed by ICP Whole Rock analysis for the same 16 metals and LOI, with similar conversions and calculations as above. Four samples were selected analyzed for quartz content by X-Ray Diffraction. An aliquot of each sample was ground and irradiated with Cu Kα radiation in a Bruker D4 Endeavor X-ray diffractometer (XRD) operating at 1.6kW power. The raw diffraction data was processed for mineral identification and quantification. Quartz abundance was calculated using whole-pattern fitting algorithms with peak intensities scaled with internally consistent relative intensity.
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 also has a 1% royalty (Greenwood Royalty) and a 100% working interest in the La Ronge Silica Project.
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 100% controlled La Ronge Silica Project is an historic sand quarry located in central Saskatchewan, approximately 60 kilometers south-southeast of La Ronge, Saskatchewan and 210 kilometers west of Flin Flon, Manitoba. Preliminary studies indicate the silica deposit may be developed into a simple and profitable, low-cost mining and washing operation to produce high-purity silica (>98% SiO2), a specialty product for the EV battery industry.
John R. Kerr, P.Eng, BASc (geology), is a Director 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 La Ronge Silica project, and prepared and approved disclosure of the technical information in this news release.
On behalf of the Board of Directors
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at ir@mnxltd.com.
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/120137
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Equity Metals Corporation (TSXV: EQTY) ("Equity") reports several intersections of high-grade gold and silver in three holes from the Camp and Sveinson target areas on the Silver Queen property, BC, indicating continuity of veins within the two target areas.
Drilling highlights include:
The drill intercepts are from the first three of thirteen core holes from the Winter '22 program, which tested both the Camp/Sveinson and NG-3 vein systems. The three holes tested the eastern margin of the Camp Vein target where it transitions into the 1km-long the Sveinson Extension, which was drill tested by 12 holes during the Fall of 2021 (assays previously reported, see Figures 1 and 2). Drilling confirmed the lateral projection of several shallow veins (
The Winter '22 program consisted of 13 core holes totaling 4,382 metres, including six holes (2,431m) at the NG-3 target and seven holes (1,931m) on the Camp and Sveinson targets. Assay results are pending and anticipated over the coming 6 to 8 weeks for six NG-3 holes and for the remaining four holes, three which tested the west side of the Camp target and a single hole which is a step-out from a high-grade gold intercept in the Sveinson target.
President Joe Kizis commented, "We have enjoyed nice news flow of high-grade intercepts from our drilling programs since 2020, and we are now in the process of modeling those intercepts from the Camp Vein in preparation for a maiden resource on that target, which will add to the existing 2019 resource on the No. 3 Vein and will support our initial evaluation that additional deposits exist to be discovered on this target-rich property. The Camp Vein resource is expected to be completed in mid-2022."
Figure 1: Plan Map of targets on the Silver Queen vein system, BC
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5566/118628_ad67d32f749949a8_002full.jpg
Figure 2: Longitudinal View of the Sveinson Target showing AgEq/m values
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5566/118628_ad67d32f749949a8_003full.jpg
Table 1: Summary Composites from Drilling on the Camp/Sveinson Targets
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq (g/t) | AgEq (g/t) | Comments |
| Camp Vein | |||||||||||
| SQ21-062 | 317.0 | 317.6 | 0.6 | 0.0 | 101 | 0.0 | 0.0 | 2.5 | 2.7 | 201 | |
| Sveinson Target | |||||||||||
| SQ22-063 | 68.0 | 69.2 | 1.2 | 0.2 | 142 | 0.6 | 0.1 | 0.1 | 3.0 | 223 | |
| SQ22-063 | 250.8 | 251.4 | 0.7 | 13.6 | 690 | 5.9 | 0.1 | 0.2 | 30.3 | 2273 | |
| SQ22-063 | 325.5 | 327.3 | 1.8 | 1.8 | 90 | 0.6 | 0.3 | 1.1 | 4.4 | 334 | |
| inc. | 326.6 | 326.8 | 0.3 | 3.0 | 426 | 3.7 | 0.3 | 1.2 | 14.1 | 1054 | |
| SQ22-063 | 334.8 | 335.3 | 0.4 | 6.2 | 598 | 6.6 | 0.1 | 0.3 | 22.6 | 1698 | |
| SQ22-063 | 342.1 | 343.0 | 0.9 | 4.4 | 403 | 2.1 | 0.2 | 3.4 | 14.3 | 1070 | |
| SQ22-064 | 147.4 | 148.6 | 1.3 | 0.1 | 59 | 0.2 | 0.1 | 2.7 | 2.5 | 185 | 46% dilution |
| inc. | 148.4 | 148.6 | 0.3 | 0.1 | 90 | 0.4 | 0.1 | 7.0 | 5.3 | 401 | |
| SQ22-064 | 202.8 | 203.2 | 0.4 | 3.3 | 1226 | 2.1 | 1.2 | 3.9 | 24.8 | 1857 | |
| SQ22-065 | 69.3 | 72.1 | 2.8 | 1.7 | 22 | 0.1 | 0.1 | 1.7 | 3.1 | 233 | 35% dilution |
| inc. | 69.3 | 69.6 | 0.3 | 12.1 | 46 | 0.0 | 0.3 | 2.1 | 14.0 | 1048 | |
| SQ22-065 | 177.8 | 178.1 | 0.3 | 1.8 | 31 | 0.1 | 2.0 | 4.5 | 5.5 | 415 | |
Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic 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 an historic decline 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. An initial NI43-101 Mineral Resource Estimate was detailed in a News Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
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
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at ir@mnxltd.com.
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/118628
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Equity Metals Corporation (TSXV: EQTY) ("Equity") reports drill results with multiple +500gt Ag-eq intervals (see attached table below) from the western portion of the Sveinson target on the Silver Queen property, BC. Highlights include hole SQ21-059 which returned multiple high-grade gold-silver-polymetallic intercepts, including:
The drill intercepts are from the final six of twelve core holes which tested the western half of the 1-kilometre long Sveinson target during the Fall of 2021 (see Figures 1 and 2). Drilling was widely spaced, but successfully intersected multiple shallow veins at less than 100 metres below surface, as well as deeper vein intercepts up to 400 metres below surface. Veins were intersected across the full 150 metre width of the Sveinson structural zone, with preliminary 3D modeling indicating continuity between these drill holes and the earlier released holes from the eastern end of the target area and previously reported holes from the Camp and No. 3 vein targets.
The Sveinson target is a broad east-west-trending structural zone which forms the transition from the strongly silver-enriched Camp target to the west into the gold-enriched southern portion of the No. 3 target to the east. Four separate veins, initially modelled from the Camp target, project into the Sveinson target and were primary targets of this most recent drill testing.
VP Exploration Rob Macdonald commented, "These most recent drill results continue to establish the continuity of high-grade mineralization in the Camp/Sveinson targets, extending mineralization to over 1.25 kilometres in strike-length and not only confirming the presence of multiple mineralized structures, but also the high-grade tenor of both silver and gold mineralization."
The company also reports it has completed its Winter'22 drill program on the property. The program consisted of 13 core holes totaling 4,382 metres, including six holes (2,431m) at the NG-3 target and seven holes (1,931m) on the Camp and Sveinson targets. Logging and sampling are in progress. Assay results are pending and anticipated over the coming 6 to 8 weeks.
Figure 1: Plan Map of targets on the Silver Queen vein system, BC
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5566/115334_8e5b79f2b4fe99f5_002full.jpg
Figure 2: Longitudinal View of the Sveinson Target showing AgEq/m values.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5566/115334_8e5b79f2b4fe99f5_003full.jpg
Table 1: Summary Composites from September2021 Drilling on the Sveinson Target.
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq (g/t) | AgEq (g/t) | Comments |
| SQ21-056 | 47.9 | 48.4 | 0.5 | 0.5 | 44 | 0.2 | 1.9 | 3.2 | 3.8 | 285 | |
| SQ21-056 | 122.3 | 123.0 | 0.7 | 1.5 | 38 | 1.0 | 0.1 | 0.7 | 3.6 | 270 | |
| SQ21-057 | 125.6 | 129.5 | 3.9 | 0.8 | 23 | 0.0 | 0.8 | 1.9 | 2.5 | 187 | 26% Dilution |
| inc. | 125.6 | 126.5 | 0.8 | 2.0 | 54 | 0.1 | 1.8 | 5.7 | 6.5 | 489 | |
| SQ21-057 | 234.3 | 234.8 | 0.5 | 0.1 | 978 | 0.0 | 0.5 | 0.3 | 13.5 | 1011 | |
| SQ21-057 | 266.0 | 267.2 | 1.2 | 2.2 | 145 | 0.0 | 6.0 | 7.6 | 10.7 | 802 | 21% Dilution |
| inc. | 266.5 | 267.2 | 0.7 | 3.5 | 248 | 0.0 | 10.2 | 9.8 | 16.4 | 1233 | |
| SQ21-057 | 466.5 | 466.8 | 0.3 | 0.9 | 47 | 0.4 | 0.1 | 9.7 | 6.9 | 518 | |
| SQ21-057 | 477.9 | 479.5 | 1.5 | 0.7 | 63 | 1.1 | 0.0 | 0.0 | 2.9 | 218 | |
| SQ21-058 | 110.7 | 111.0 | 0.3 | 0.1 | 36 | 0.1 | 0.1 | 11.7 | 6.6 | 494 | |
| SQ21-058 | 301.4 | 303.4 | 2.0 | 0.6 | 52 | 0.0 | 0.7 | 3.5 | 3.4 | 257 | 26% Dilution |
| inc. | 302.4 | 303.4 | 1.0 | 0.6 | 79 | 0.0 | 0.9 | 5.8 | 5.0 | 379 | |
| SQ21-059 | 31.5 | 32.0 | 0.6 | 0.5 | 147 | 1.1 | 0.5 | 1.8 | 5.0 | 377 | |
| SQ21-059 | 94.1 | 96.7 | 2.6 | 3.8 | 509 | 0.8 | 1.1 | 4.3 | 14.2 | 1064 | |
| inc. | 95.0 | 96.0 | 1.0 | 9.5 | 1355 | 2.1 | 2.5 | 10.6 | 36.6 | 2746 | |
| inc. | 95.6 | 96.0 | 0.4 | 22.5 | 3473 | 5.6 | 2.5 | 1.8 | 77.8 | 5837 | |
| SQ21-059 | 99.6 | 101.1 | 1.5 | 0.9 | 141 | 0.2 | 0.2 | 0.3 | 3.2 | 242 | |
| SQ21-059 | 204.4 | 205.5 | 1.0 | 17.5 | 25 | 0.0 | 0.1 | 0.8 | 18.2 | 1368 | 48% Dilution |
| inc. | 204.4 | 204.7 | 0.3 | 59.3 | 78 | 0.0 | 0.3 | 2.0 | 61.5 | 4612 | |
| SQ21-059 | 302.9 | 304.0 | 1.1 | 3.1 | 20 | 0.1 | 0.1 | 0.3 | 3.7 | 275 | |
| SQ21-059 | 307.6 | 308.4 | 0.8 | 1.5 | 106 | 0.2 | 0.5 | 3.1 | 4.9 | 371 | |
| SQ21-060 | 91.4 | 91.6 | 0.2 | 1.1 | 104 | 0.1 | 17.8 | 2.7 | 12.0 | 899 | |
| SQ21-060 | 215.6 | 216.8 | 1.3 | 0.4 | 16 | 0.1 | 0.9 | 1.1 | 1.7 | 129 | |
| inc. | 216.6 | 216.8 | 0.3 | 1.2 | 44 | 0.0 | 4.5 | 4.0 | 5.9 | 442 | |
| SQ21-060 | 289.3 | 289.6 | 0.4 | 2.1 | 51 | 0.1 | 0.3 | 1.8 | 4.0 | 301 | |
| SQ21-061 | 230.4 | 231.4 | 1.0 | 0.3 | 83 | 0.0 | 3.3 | 3.5 | 4.7 | 354 | |
| SQ21-061 | 285.6 | 286.2 | 0.6 | 2.3 | 131 | 0.0 | 6.1 | 8.2 | 11.0 | 827 | |
| SQ21-061 | 288.9 | 289.2 | 0.3 | 1.3 | 118 | 0.0 | 4.1 | 5.8 | 7.6 | 572 | |
| |
Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic 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 an historic decline 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. An initial NI43-101 Mineral Resource Estimate was detailed in a News Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
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
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at ir@mnxltd.com.
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/115334
News Provided by Newsfile via QuoteMedia
