Precious Metals

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:

  • a 0.6 metre interval grading 2.1g/t Au, 1,705g/t Ag, 4.3% Cu, 1.6% Pb and 4.1% Zn (32.9g/t AuEq or 2,470g/t AgEq) within a 1.2 metre interval averaging 1.0g/t Au, 802g/t Ag, 2.1% Cu,0.8% Pb and 2.0% Zn (15.8g/t AuEq or 1,183g/t AgEq) from drillhole SQ22-072;
  • a 0.3 metre interval grading 0.1g/t Au, 2,043g/t Ag, 1.0% Pb and 0.6% Zn (28.1g/t AuEq or 2,110g/t AgEq) within a 7.7 metre interval averaging 274g/t Ag, 0.1% Pb and 0.3% Zn (3.9g/t AuEq or 294g/t AgEq) from drillhole SQ22-073; and
  • a 0.3 metre interval grading 1,496g/t Ag, 0.1% Cu, 0.1% Pb and 0.6% Zn (20.4g/t AuEq or 1,534g/t AgEq) within a 3.8 metre interval averaging 219g/t Ag, and 0.1% Zn (3.0g/t AuEq or 225g/t AgEq) from drillhole SQ22-075.

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."

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Figure 1: Plan Map of targets on the Silver Queen vein system, BC

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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.

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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
 










SQ22-07282.583.20.74.52320.50.10.28.4633
 










SQ22-072160.7162.51.80.7470.80.10.52.720043% dilution
inc.160.7161.50.81.5681.30.10.84.5339
 










SQ22-072215.7216.60.91.5310.01.35.65.3400
 










SQ22-072348.2350.22.00.7190.10.22.02.116160% dilution
inc.348.2348.70.51.7400.00.76.75.9445
 










SQ22-072377.7378.81.10.81990.53.63.17.3544
inc.377.7378.10.41.34271.07.13.213.2989
 










SQ22-072385.4386.41.00.3720.01.46.75.4402
 










SQ22-072396.0397.21.21.08022.10.82.015.81183
inc.396.3396.80.62.117054.31.64.132.92470
 










 










SQ22-07371.272.61.40.22280.00.10.83.7277
inc.71.571.80.30.33960.10.12.26.9516
 










SQ22-07391.192.91.80.01390.00.00.11.914337% Dilution
inc.92.792.90.30.07170.00.00.19.7726
 










SQ22-073138.1139.91.80.11730.00.10.42.7201
inc.138.1138.40.30.63010.00.20.65.0374
 










SQ22-073161.7169.47.70.02740.00.10.33.9294
inc.169.1169.40.30.120430.01.00.628.12110
 










 










SQ22-07444.344.80.51.214700.10.20.821.31600
 










SQ22-07478.278.90.70.01840.00.00.02.5187
 










SQ22-074206.3206.50.30.7540.00.84.33.9295
 










 










SQ22-07536.937.20.30.06790.10.00.19.3698
 










SQ22-07581.485.23.80.02190.00.00.13.0225
inc.84.484.60.30.014960.10.10.620.41534
 










SQ22-075158.8159.40.70.21690.03.46.87.4556
inc.159.2159.40.30.43900.17.016.117.01275
 










 

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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EQTY:CA
Equity Extends the NG-3 Vein to over 300 Metres Strike-Length; Intersects 3.7m Averaging 4.9g/t Au, 75g/t Ag  at Silver Queen Project, BC

Equity Extends the NG-3 Vein to over 300 Metres Strike-Length; Intersects 3.7m Averaging 4.9g/t Au, 75g/t Ag at Silver Queen Project, BC

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:

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Equity Identifies "Battery-grade" Silica for Potential Use in Emerging EV Market at the La Ronge Silica Project, Saskatchewan

Equity Identifies "Battery-grade" Silica for Potential Use in Emerging EV Market at the La Ronge Silica Project, Saskatchewan

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.

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Equity Builds Continuity Between the Camp and Sveinson Targets, Intersecting 0.7 Metres of 13.6g/t Au, 690g/t Ag, and 5.9% Cu,  on the Silver Queen Project, BC

Equity Builds Continuity Between the Camp and Sveinson Targets, Intersecting 0.7 Metres of 13.6g/t Au, 690g/t Ag, and 5.9% Cu, on the Silver Queen Project, BC

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:

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Equity Intersects High-Grade Gold-Silver, Including 0.4 Metres of 22.5g/t Au, 3473g/t Ag, 5.6% Cu, 2.5% Pb and 1.8% Zn  in the Western Sveinson Target, Silver Queen Project, BC

Equity Intersects High-Grade Gold-Silver, Including 0.4 Metres of 22.5g/t Au, 3473g/t Ag, 5.6% Cu, 2.5% Pb and 1.8% Zn in the Western Sveinson Target, Silver Queen Project, BC

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:

  • a 0.4 metre interval grading 22.5g/t Au, 3273g/t Ag, 5.6% Cu,2.5% Pb and 1.8% Zn (77.8g/t AuEq or 5,837g/t AgEq) within a 2.6 metre interval averaging 3.8g/t Au, 509g/t Ag, 0.8% Cu,1.1% Pb and 4.3% Zn (14.2g/t AuEq or 1,064g/t AgEq); and
  • a 0.3 metre interval grading 59.3g/t Au, 78g/t Ag, 0.3% Pb and 2.0% Zn (61.5g/t AuEq or 4,612g/t AgEq) within a 1.0 metre interval averaging 17.5g/t Au, 25g/t Ag, 0.1% Pb and 1.8% Zn (18.2g/t AuEq or 1,368g/t AgEq).

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.

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Equity Intersects Shallow, High-Grade Gold-Silver, Including 0.5 Metres of 13.8g/t Au, 321g/t Ag, 0.8% Cu, 1.6% Pb and 12.4% Zn  in New Drilling on the Eastern Sveinson Target, Silver Queen Project, BC

Equity Intersects Shallow, High-Grade Gold-Silver, Including 0.5 Metres of 13.8g/t Au, 321g/t Ag, 0.8% Cu, 1.6% Pb and 12.4% Zn in New Drilling on the Eastern Sveinson Target, Silver Queen Project, BC

Equity Metals Corporation (TSXV: EQTY) ("Equity") reports drill results from the eastern portion of the Sveinson target on the Silver Queen property, BC. Additional assays are pending for the western portion of the Sveinson target and are expected in the coming weeks. The Sveinson target consists of a series of east-west striking veins that lie between the No. 3 and Camp targets. The new holes returned multiple high-grade gold-silver-polymetallic intercepts, including:

  • a 0.5 metre interval grading 13.8g/t Au, 321g/t Ag, 0.8% Cu,1.6% Pb and 12.4% Zn (1,956g/t AgEq) within a 1.6 metre interval averaging 5.1g/t Au, 120g/t Ag, 0.3% Cu,0.8% Pb and 4.0% Zn (711g/t AgEq) from drill hole SQ21-051; and
  • a 2.3 metre interval grading 2.8g/t Au, 37g/t Ag, 1.7% Pb and 5.9% Zn (538g/t AgEq) within a 5.3 metre interval averaging 1.9g/t Au, 23g/t Ag,1.0% Pb and 3.2% Zn (324g/t AgEq) from drill hole SQ21-052.

The drill intercepts are from the first six of twelve core holes which tested the eastern 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 several deeper vein intercepts at over 350 metres below surface. Veins were intersected across the full 150-metre width of the Sveinson structural zone, with preliminary 3D modeling indicating continuity between holes.

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Results of the Annual General Meeting

Results of the Annual General Meeting

Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) (OTCQX:FGOVF) (" Freegold " or the " Company ") is pleased to provide the results of the 2022 Annual General Meeting of Shareholders held on June 30, 2022 (the " Meeting ") and announces that all matters set out in the Management Information Circular dated May 16, 2022 (the " Circular ") were approved by the shareholders of the Company. A total of 96,220,856 shares were voted representing approximately 28.49% of the outstanding shares of the Company.

Freegold Ventures Limited Logo (CNW Group/Freegold Ventures Limited)

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

Nominee

# of Votes
For

% of Votes
For

# of Votes
Withheld

% of Votes
Withheld

Ron Ewing

95,557,011

99.31

663,845

0.69

Kristina Walcott

95,500,536

99.251

720,320

0.749

Alvin Jackson

95,263,691

99.005

957,165

0.995

David Knight

95,588,240

99,343

632,616

0.657

Gary Moore

82,186,891

85.415

14,033,965

14.585

Garnet Dawson

83,083,990

86.347

13,136,866

13.653

Gregory Hanks

95,588,962

99.343

631,894

0.657

Glen Dickson

81,101,224

84.287

15,119,632

15.713

Reagan Glazier

96,161,212

99.938

59,644

0.062

At the Meeting, the Company's shareholders also approved the appointment of Davidson & Company LLP, Chartered Professional Accountants as the auditors of the Company for the ensuing year.

Each of the matters voted upon at the Meeting is discussed in detail in the Circular, which is filed under the Company's profile at www.sedar.com .

About Freegold Ventures Limited

Freegold is a TSX listed company focused on exploration in Alaska and holds through leases the Golden Summit Gold Project, near Fairbanks , as well as the Shorty Creek Copper –Gold Project near Livengood. Drilling remains ongoing at Golden Summit.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2021 filed under Freegold's profile at www.sedar.com for a detailed discussion of the risk factors associated with Freegold's operations.

SOURCE Freegold Ventures Limited

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/30/c3703.html

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Bravada Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants and Updates Wind Mountain Program

Bravada Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants and Updates Wind Mountain Program

Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") reports that the Company will be extending the exercise period of a total of 6,434,000 share purchase warrants, all of which are exercisable at $0.12 per share (collectively, the "Warrants"). The Warrants were issued on July 23, 2018, pursuant to a private placement (see news release NR-07-18) and are scheduled to expire on July 23, 2022. The Company proposes to extend the expiry by one (1) year, and accordingly, the new expiry date for the warrants will be July 23, 2023.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.

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Snowline Gold Encounters Widespread Mineralization in 340 Metre Step-Out at Its Valley Zone and Mobilizes Second Drill

Snowline Gold Encounters Widespread Mineralization in 340 Metre Step-Out at Its Valley Zone and Mobilizes Second Drill

  • Moderate to intense sheeted quartz veins throughout 415 m drill hole at Valley (V-22-007), with 26 instances of trace visible gold noted from 19 m to 388 m depth
  • Hole represents 340 m step-out along strike of system from 2021 discovery drilling
  • Second drill now active at Valley; its first hole (V-22-008) encountered sheeted quartz mineralization 460 m away from nearest drill hole
  • Drilling ongoing, with assay results and full drill core evaluations pending.

Snowline Gold Corp. (CSE:GD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has encountered 415 m of nearly continuous mineralization downhole from bedrock surface in V-22-007 at its Rogue Project's Valley Zone in Canada's Yukon Territory. Hole V-22-007 was a 340 m step-out along-strike to the southeast of 2021 drill hole V-21-003 (which intersected 168.65 m averaging 1.25 gt Au from bedrock surface). A second drill rig mobilized to site and has completed drilling V-22-008, which intersected sheeted quartz veins 460 m from the nearest hole to date, further expanding the footprint of known mineralization at Valley

Snowline Gold Corp., Thursday, June 30, 2022, Press release picture

Snowline Chair and Director Craig Hart comments that "I've seen a lot of rocks and a lot of drill core from many intrusion-related gold systems, but these Valley intersections have the most intense vein densities I've ever seen. There are overprinting vein generations and varying vein orientations which is unusual and further indicates a very robust mineralizing system. To see these vein densities over significant widths is very encouraging. The numerous observations of visible gold and bismuthinite indicate that the system is mineralized, but of course the assay results are required before we get too excited." Dr. Hart is a globally recognized expert in intrusion-related gold systems.

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NEVADA SUNRISE CLOSES $1,500,000 PRIVATE PLACEMENT

NEVADA SUNRISE CLOSES $1,500,000 PRIVATE PLACEMENT

TSX Venture Exchange: NEV

Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) (OTC: NVSGF) announced today the closing of its fully-subscribed non-brokered private placement first announced on June 8, 2022 and June 16, 2022 of 7,500,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,500,000 (the "Offering"). Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share (a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period expiring two years following the closing date of the Offering.

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NEXUS GOLD Plans to Spinout Canadian Assets

NEXUS GOLD Plans to Spinout Canadian Assets

(TheNewswire)

Nexus Gold Corp.

Vancouver, Canada TheNewswire - June 28, 2022 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) announces its intent to spinout (the " Spinout ") the Company's existing Canadian projects (collectively, the " Canadian Projects "), which include the McKenzie Gold Project, located in Red Lake, Ontario, and the 13,000-hectare Cyclone Gold-Nickel-Copper project, located in the James Bay region, Quebec.

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TomaGold reports the outcome of its annual meeting

TomaGold reports the outcome of its annual meeting

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the results of its annual general and special meeting of shareholders, which was held today on a hybrid basis. All the nominees listed in the Corporation's management proxy circular dated May 30, 2022, were re-elected as directors.

Shareholders holding 53,106,180 shares, or 33.04% of TomaGold's issued and outstanding shares were present or represented by proxy at the meeting.

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