Equity Metals Corporation (TSX-V:EQTY, OTCQB:EQMEF) has announced assays from the final six holes on the Cole Lake target and a single hole from the Camp Target that were completed as part of the Autumn 2023 core drilling program on its 100% owned Silver Queen gold-silver project in British Columbia.
The company said assay results from Cole Lake drilling returned multiple intercepts of strongly enriched precious and base metals, including 2.5 metres (m) of 220 grams per tonne (g/t) silver equivalent and 2.6m of 223 g/t silver equivalent.
"The initial drill results from the Cole Lake target confirm both the historical grade and tenor of the Cole Vein and its prospectivity as a viable follow-up target for resource delineation," Equity Metals vice president exploration Rob Macdonald said in a statement.
"Drilling in 2024 will focus on the systematic resource expansion of the Camp and Sveinson deposits and the further delineation of mineralization at both the Cole Lake and George Lake targets," he added.
Macdonald also noted that several additional new targets will be tested in 2024, including the newly identified soil anomaly north of the Camp Deposit, with a funded initial 6,000m of drilling planned to begin testing these targets.
The company added that the high-grade intercept from the Camp Deposit, which included a 0.4m interval averaging 10.3 g/t gold equivalent, continues to demonstrate the continuity of the hangingwall vein, which remains open both at depth and along strike.
Equity Metals Corporation (TSX-V:EQTY, OTCQB:EQMEF) 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.