Equity Metals Corporation (TSX-V:EQTY, OTCQB:EQMEF) has unveiled promising assay results from the initial three holes of the Autumn 2023 core drilling program at its Silver Queen gold-silver project in British Columbia.
The company said the drill results from the Cole Lake target at Silver Queen returned multiple intercepts of strongly enriched precious and base metals. It highlighted a 1.9 metre (m) interval averaging 5.7 grams per tonne (g/t) gold equivalent (AuEq) or 467 g/t silver equivalent (AgEq) within a 3.8m interval averaging 4.0 g/t AuEq or 328 g/t AgEq from the Cole Vein in drillhole SQ23-096.
Drillhole SQ23-095 revealed a thicker interval of 8.9m of 157 g/t AgEq.
The company noted the results from the first three of nine holes targeted both the NW-SE-trending Cole Vein and the NNW-SSE-trending Cole Shear. They affirm the presence and thickness of mineralization in the main Cole Vein to depths surpassing 250m below the surface. Moreover, the exploration has revealed mineralization remains open for further depth and lateral expansion.
"We are very pleased with the initial drill results from the Cole Lake target, which confirms both historical results from the mineralized zone and continues to highlight the further exploration potential, both laterally and to depth of not only the Cole Vein itself, but also of several additional hangingwall structures," Equity Metals vice president for exploration, Rob Macdonald commented in a statement.
"The Cole Lake target is the last of four target areas successfully tested in 2023 which continues to underscore the significant exploration potential of the overall property. Of note, neither the Cole Lake nor the George Lake zones were incorporated into our most recent resource update on the Silver Queen property and represent entirely new target areas for further expansion and resource delineation."
Assay results from the remaining six holes drilled of the 2,961m completed in September and October at the Cole Lake target are expected in the coming weeks.
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 and Houston Metals Corp. The property contains a historic decline into the No. 3 Vein, camp infrastructure, and a maintained Tailings Facility.
Equity Metals Corporation 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.