Equity Metals Files Technical Report on Silver Queen Project with Significant Increase in Ag-Au-Zn Mineral Resources
Equity’s Silver Queen project expanded inferred tonnage by 169% following new drilling results at the deposit.
Equity Metals Corporation (EQTY) filed a new NI 43-101 Technical Report updating the Mineral Resource Estimate for its Silver Queen Project in British Columbia. The update incorporates 87 new drill holes totaling 34,482 meters and updated economic assumptions compared to the 2022 historical estimate.
Indicated Mineral Resources stand at 3.57 million tonnes averaging 184 g/t Silver and 1.8 g/t Gold, containing 48.7 million ounces Silver Equivalent (AgEq). Inferred Mineral Resources increased by 169% in tonnage to 5.16 million tonnes, containing 35.0 million ounces AgEq, driven by the George Lake Zone and No. 3 Vein extensions.
The company announced a $2.85 million Phase 1 exploration program for Q4 2026 and 2027 to validate historical data, evaluate dilution halos, and test greenfield targets ahead of a Preliminary Economic Assessment (PEA).
Equity Metals Corporation (EQTY) has confirmed the successful expansion of its Silver Queen deposit, a development that validates the company’s recent drilling campaigns and broader exploration strategy. The resource update highlights a 169% increase in Inferred tonnage, which materially strengthens the long-term resource base and supports the feasibility of a future Preliminary Economic Assessment (PEA).
To further advance the project toward an economic assessment and de-risk the asset, the company announced a $2.85 million exploration program. This announcement aligns with the company's previously communicated exploration mandate and prior drilling results, serving as a positive validation of the project's growth trajectory rather than an unexpected market-moving event.
Equity Metals Corporation is a mineral exploration company focused on the Silver Queen project, a high-grade Ag-Au-Zn vein system located in the Omineca Mining Division of British Columbia. The project is situated in a mature mining district with proximity to major producers and existing infrastructure, including power, roads, and rail. Silver Queen features historic production dating back to 1912, approximately 9km of underground development, and extensive modern drilling totaling 69,259m since 2020. The company also holds the Arlington (Au-Ag), Monument (Diamonds), and La Ronge Silica projects.