The Prospector News

Equity Starts 2024 Drill Program on the Silver Queen Project, BC

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Equity Starts 2024 Drill Program on the Silver Queen Project, BC

 

 

 

 

 

Equity Metals Corporation (TSX-V: EQTY) reports that crews have mobilized in preparation for the 2024 Exploration Season on its 100% owned Silver Queen Ag-Au project, located in central British Columbia.

 

Up to 6,500 metres of drilling are planned in this first phase of work, which will focus on the George Lake vein system (Figure 1). The George Lake veins were initially identified in limited historical drilling and were only partially tested by Equity’s drilling in 2023. The veins remain open for expansion and will be tested along a potential 600 metre strike-length and up to 400m depth in the upcoming drill program.

 

The company has also prioritized several new targets to be further developed during 2024 in preparation for drilling, including a newly identified polymetallic soil anomaly located north of the Camp Deposit. Drilling will commence in early May and will continue into late June/early July.

 

George Lake Target

 

Seven holes totalling 2,324 metres were completed in the Summer 2023 drill program on the George Lake target. Drilling confirmed both the historical grade and tenor of mineralization adjacent to the Bulkley Cross-cut (historic underground workings) and extended mineralization 400 metres to the southeast and up to 250 metres below surface.

 

Highlights from the Summer ’23 drilling on the George Lake target include:

  • 0.3 metre (est. TT) interval averaging 4.1g/t Au824g/t Ag, 0.7% Cu, 3.4% Pb and 18.4% Zn (25.4g/t AuEq or 2,076g/t AgEqwithin a 1.5 metre (est. TT) interval grading 1.3g/t Au226/t Ag, 1.0% Cu, 1.7% Pb and 6.6% Zn (9.2g/t AuEq or 755g/t AgEq) from drillhole SQ23-090; and
  • 0.9 metre (est. TT) interval averaging 7.1g/t Au, 56g/t Ag, 0.2% Cu, 1.5% Pb and 6.0% Zn (11.6g/t AuEq or 946g/t AgEq) within a 3.0 metre (est. TT) interval averaging 2.5g/t Au, 31g/t Ag, 0.4% Cu, 0.5% Pb and 2.5% Zn (4.8g/t AuEq or 394g/t AgEq) from drillhole SQ23-093;

 

Drilling also identified several hanging wall intercepts which require further testing and delineation.

 

VP Exploration Rob Macdonald commented, “Exploration in 2023 confirmed the George Lake target as an attractive mineralized zone that was not sufficiently delineated previously to be included in resource calculations.  Our 2024 drill program will capitalize on this and earlier work, to continue the extension of the vein set to the southeast and to depth with our goal of continuing to expand the Silver Queen resource base.

 

The George Lake mineralization is one of 20 different historic veins identified on the property and could be particularly significant as historic underground access already exists, potentially providing a source of increased mill feed to an eventual mining scenario. Though currently flooded, those workings could be dewatered for inexpensive access to this expanding vein system.”

 

Figure 1: Plan Map of targets on the Silver Queen vein system, BC 

 

About Silver Queen Project

 

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 (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein, camp infrastructure, and a maintained Tailings Facility.

 

The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,870ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. An updated NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 was detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR and the Company’s website.

 

Of the more than 20 different veins which have been identified on the property, only four have been sufficiently delineated to contribute to the most recent mineral resource estimate on the property. The property remains largely underexplored.

 

About Equity Metals Corporation

 

Equity Metals Corporation is a Malaspina-Manex Group Company. 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. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond projectNWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines.  The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value to the Company.

 

Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure.

 

Posted April 29, 2024

Share this news article

MORE or "UNCATEGORIZED"


ExGen: Phoenix Reports Drill Assays for the Navarre Creek Target of the Empire Mine, Idaho

ExGen Resources Inc. (TSX-V: EXG; OTC: BXXRF) is pleased to provi... READ MORE

May 29, 2024

Lithium Ionic Announces Feasibility Study Results for the Bandeira Lithium Project, Minas Gerais, Brazil

178,000tpa of spodumene concentrate production (5.5% Li2O) 14-yea... READ MORE

May 29, 2024

NexGen Announces Additional Mineralization Discovered at Patterson Corridor East, Assays from RK-24-183 and Commencement of Expanded Summer Exploration Program

NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased ... READ MORE

May 29, 2024

Red Pine Intercepts Significant Mineralization at the Wawa Gold Project, including 5.58 g/t gold over 18.44 m including 72.20 g/t gold over 0.88 m

Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased ... READ MORE

May 29, 2024

Copper Lake Resources Reports Results of Drilling at Marshall Lake Copper-Zinc-Silver VMS Property

Copper Lake Resources Ltd. (TSX-V: CPL) (Frankfurt: WOI) (OTC: WTCZF) is... READ MORE

May 29, 2024

Copyright 2024 The Prospector News