Equity Metals Corporation (TSX-V:EQTY, OTCQB:EQMEF) has reported new assays from the spring 2023 core drilling program at its Silver Queen silver-gold project in British Columbia.
The new assays continue to extend mineralization on the west side of the Camp Vein Deposit and confirm blind, hangingwall mineralization north of the main vein set, according to a statement.
Highlights include a 0.8-meter (m) interval starting at 463.5m grading 1,952 grams per ton (g/t) silver, 0.1% lead and 0.2% zinc (24.1g/t gold equivalent or 1971g/t silver equivalent) within a 1.7-meter interval averaging 926 g/t silver, 0.1% lead and 0.7% zinc (11.8g/t gold eq or 964g/t silver eq) in drillhole SQ23-080.
The intercepts were returned from one of the more southerly veins within the Camp/Sveinson vein system and represent a 270-meter down-dip and a 140-meter lateral step-out from previous drilling, the company said.
The intercept in drill hole SQ23-080 is the deepest bonanza-grade silver intercept identified in the Camp/Sveinson vein system to date and reflects the continued exploration potential both at depth and laterally to the west within the southerly vein set.
"The identification of both shallow hangingwall mineralization to the north of earlier discoveries and the deeper bonanza-grade intercepts in the south vein suggest a significantly wider and more extensive target zone than that identified by initial drilling on the Camp Vein target,” said vice president of exploration Rob Macdonald.
“Mineralization remains open both laterally and to depth and will be tested in upcoming drill programs. New drilling will start in the coming days as the company continues the work of systematic resource expansion on the property."
In total, 9 holes totaling 4,038 meters were completed in the spring 2023 drill program, testing the westward strike extensions of the Camp Target and a drilling gap within the Sveinson Target. Equity Metals has received final assays from 2 of the 9 holes and additional assays are anticipated over the coming weeks.
Meanwhile, a short surface soil sampling program is underway on the property and drilling is set to resume in mid-June to test the George and Cole Lake vein targets, the company said.
More details can be found here.
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