Prospector News Michael Fox is joined by Robert MacDonald, VP Exploration of Equity Metals (TSX-V:EQTY) (OTCQB:EQMEF) (FRA:EGSD). Michael and Robert discussed the progress of Equity Metals’ projects. Robert provided an overview of the company’s flagship project, the Silver Queen Project in British Columbia, which has seen significant mineral resource growth from 39 million silver equivalent ounces in 2020 to 85 million in 2022. The team is aiming to expand this to 120 million silver equivalent ounces. They also discussed the results of recent drilling at the George Lake Target, which yielded robust numbers including 8.8 meters of 324 grams per ton silver equivalent. The team is continuing to explore and drill in various areas to grow mineral resources.

Drilling Programs and Upcoming Updates

Robert discussed the ongoing drilling programs at the George Lake and Camp deposits. He explained that they had completed 18 holes at George Lake, with assays from 13 additional holes pending due to slower turnaround times from assay labs. Results from the first 5 holes had been promising, and they anticipated publishing more results over the coming weeks and months. At the Camp deposit, they had identified 6 holes, with 5 complete and 1 ongoing, planned to total 2,500 meters. The drilling here aimed to fill in gaps and extend veins, with potential to bring additional resources into the deposit.

Next Steps

• Equity Metals team to continue drilling and analysis in the Camp deposit area, focusing on filling gaps and extending veins.

• Equity Metals team to analyze pending assay results from 13 additional holes in the George Lake area to inform future drilling plans.

• Equity Metals team to resume drilling operations in September after evaluating current results and updating models.

About Equity Metals Corporation

Equity Metals Corporation 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 District, 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 project, NWT, 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.

Equity Metals