Equity Metals Corporation (TSX-V:EQTY, OTCQB:EQMEF) revealed several new intersections of high-grade gold and silver from the NG-3 target area on its Silver Queen property in British Columbia.
The Vancouver-based junior said that its drilling has confirmed the extension of the NG-3 vein to over 300 metres of strike, and up to 240 metres below surface.
Highlights from the latest batch of results include a 1.5 metre interval grading 14.5 grams per tonne (g/t) gold equivalent or 1,089 g/t silver equivalent within a 3.7 metre interval averaging 6.3 g/t gold equivalent or 472 g/t silver equivalent.
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Another hole returned 15.8 g/t gold equivalent or 1,185 g/t silver equivalent within a 1.2 metre interval averaging 4.3 g/t gold equivalent or 322 g/t silver equivalent.
Equity said that its drilling on the property over the last 18 months has confirmed multiple mineralized veins along the full strike-length of the host structural and tested some portions to depths of up to 400 metres below surface.
“The confirmation of copper-molybdenum porphyry-styled mineralization at the Itsit target further highlights the presence of a large and widespread epithermal, porphyry mineralizing system,” vice president of exploration Rob Macdonald said in a statement.
“Multiple vein targets remain untested throughout the property and numerous veins require follow-up drilling to extend mineralization both laterally and to depth as Equity continues its systematic evaluation of this district-scale property."
Equity’s winter program consisted of 13 holes totaling nearly 4,400 metres.
Several targets within the structure zone remain to be extended laterally and to depth, which will form the basis of future exploration drilling on the property in 2022, the company added.
Equity Metals is focused on two major mineral properties: Silver Queen in central BC, and the Monument diamond project, located in Lac De Gras, Northwest Territories. The company also has a 1% royalty and a 100% working interest in the La Ronge silica project.
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