Equity Metals drills 1 m of 3.7 g/t Au at Silver Queen

Executive Summary

• Equity Metals released first assay intercepts from its 2025 drill program on the Silver Queen project, highlighting multiple high‑grade gold‑silver intervals (e.g., up to 2.8 g/t Au and 1,374 g/t AgEq).
• Fifteen holes totaling 5,040 m have been completed out of a planned 6,000 m, confirming downdip continuity of the No. 3 vein and extending mineralization over a 150‑m segment to >350 m depth.
• The company plans to incorporate these results into revised exploration and resource models, with a mineral resource update expected in late 2025 and continued drilling through 2026.

Key Details

• Assay Highlights – Hole SQ25-148:
• 3.5‑m interval: 2.3 g/t Au, 167 g/t Ag, 1.3 % Cu, 0.3 % Pb, 2.0 % Zn (536 g/t AgEq / 7.4 g/t AuEq).

• Within that, a 0.7‑m interval: 2.8 g/t Au, 491 g/t Ag, 4.5 % Cu, 0.8 % Pb, 6.1 % Zn (1,374 g/t AgEq / 19.0 g/t AuEq).

• Assay Highlights – Hole SQ25-148 (second interval):

• 1.7‑m interval: 3.7 g/t Au, 39 g/t Ag, 0.2 % Cu, 0.5 % Pb, 13.8 % Zn (788 g/t AgEq / 10.9 g/t AuEq).

• Within that, a 0.9‑m interval: 6.3 g/t Au, 30 g/t Ag, 0.2 % Cu, 0.2 % Pb, 18.7 % Zn (1,123 g/t AgEq / 15.5 g/t AuEq).

• Assay Highlights – Hole SQ24-151:

• 2.4‑m interval: 0.6 g/t Au, 12 g/t Ag, 7.4 % Zn (305 g/t AgEq / 4.2 g/t AuEq).

• Within that, a 0.5‑m interval: 1.8 g/t Au, 39 g/t Ag, 34.9 % Zn (1,331 g/t AgEq / 18.4 g/t AuEq).

• Drilling Progress:

• 15 core holes completed, totaling 5,040 m of the planned 6,000 m program (84 % complete).

• Additional veins intersected include a copper‑enriched hanging‑wall vein and deeper extensions correlating with historic No. 2 vein.

• Exploration Outlook:

• Results will be used to update exploration and resource models; a revised NI 43‑101 mineral resource estimate is anticipated in late 2025.
• Drilling continues through 2026 to further delineate the expanding Silver Queen vein system.

Notable Quotes

• Rob Macdonald, Vice‑President Exploration: “Drilling on the northern extension of the No. 3 vein continues to build on the impressive results of the company's 2024 drilling program… With 5,040 m currently completed of the planned 6,000‑m program, the company anticipates more positive news flow over the coming months.”