Equity Metals Corporation (TSX-V:EQTY, OTCQB:EQMEF) has reported encouraging assay results from three holes in its Summer 2023 core drilling program testing the George Lake target at its Silver Queen silver-gold project in British Columbia.
This marks Equity’s first test of this target, which was last tested by both surface and underground drilling in the late 1980s.
Highlights from the results included a 0.3-metre interval averaging 4.1 grams per ton (g/t) gold, 824 g/t/ silver, 0.7% copper, 3.4% lead, and 18.4% zinc (25.4 g/t gold equivalent or 2,076 g/t silver equivalent) within a 1.5-metre interval grading 1.3 g/t gold, 226, g/t silver, 1% copper, 1.7% lead, and 6.6% zinc (9.2 g/t gold equivalent or 755 g/t silver equivalent) from drillhole SQ23-090.
It also reported a 0.2-metre interval grading 0.5 g/t gold, 1570 g/t silver, 1.9% copper, 0.7% lead and 5.6% zinc (25.3 g/t gold equivalent or 2,071 g/t silver equivalent) within a 1.4 metre interval grading 1.2 g/t gold, 284 g/t silver, 0.3% copper, 0.3% lead and 1.8% zinc (6.1 g/t gold equivalent or 502 g/t silver equivalent) from drillhole SQ23-089.
“These preliminary drill results clearly confirm the George Lake target as a new, under-explored, mineralized zone which is open for expansion both laterally and to depth,” Equity Metals VP Exploration Rob Macdonald said in a statement.
“Additional assay results from this zone are pending and are anticipated in the coming weeks while new drilling has once again started on the property at the similarly under-explored Cole Lake target, representing continued news flow from the property through the Fall."
Equity Metals is a member of the Malaspina-Manex Group. 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.
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