공시 • Nov 24
Equity Metals Corporation Reports Additional Assays from First Three Holes of its September 2021 Drill Program That Continue to Return Bonanza-Grade Silver Intercepts from Camp Vein Target, Silver Queen Project, BC
Equity Metals Corporation reported additional assays from the first three holes of the company’s September 2021 drill program that continue to return Bonanza-grade silver intercepts from the Camp Vein target, Silver Queen Project, BC. New highlight intercepts include: a 0.3 metre interval grading 10,085g/t Ag, 0.17g/t Cu, 0.1% Pb and 0.3% Zn (10,117g /t AgEq) within a 3.7 metre interval averaging 1,143g/t Ag, and 0.1% Zn (1,148g/t AgEq) from drill hole SQ21-034; a 0.5 metre interval grading 2,247/t Ag, 0.1g/t Au, 0.1% Cu, 0.2% Pb and 0.6% Zn (2,295g/t AgEq) within a 3.5 metre interval averaging 739g/t Ag, 0.1% Pb, and 0.6% Zn (752g/t AgEq) from drill hole SQ21-032; and a 1.0 metre interval grading 296/t Ag, 0.8g/t Au, 1.7% Pb and 2.9% Zn (521g/t AgEq) from drill hole SQ21-033. These assay intervals significantly add to the rushed assay results from these three holes first reported in NR-10-21, dated October 7, 2021. The previously reported values include: a 1.4 metre interval grading 1,218g/t AgEq from drill hole SQ21-032; a 2.1 metre interval averaging 537g/t AgEq from drill hole SQ21-033; and a 0.4 metre interval grading 1,307g/t AgEq from drill hole SQ21-034. Assays from nine samples from drill hole SQ21-034 are pending, as is a concentrate analysis of the highlight 10,085g/t silver interval for verification purposes. Drilling in this area has now successfully confirmed up-dip continuity in three of the four modelled veins identified on the northwestern margin of the Camp Vein target as well as potentially additional hangingwall and footwall veins. Mineralization is open and untested to the west and projects both eastward and down-dip into previously identified vein intercepts. Eighteen new core holes and an extension of an earlier hole, totalling 4,636 metres, were completed on the Camp Vein Target as part of the September 2021 program. Full assays from 16 of these holes are pending with further assay results expected over the coming weeks and extending into the New Year. The company also reports that drilling resumed on the property in late October 2021 and is now testing a 1,000 metre-long, east-southeast trending segment of a target structure which forms the eastern projection of the Camp Vein Target and transitions into the No. 5, Switchback and No. 3 vein systems. Seven core holes, totalling 2,718 metres, have been completed to date with step-outs of up to 850 metres laterally from previously completed drilling from the September program. Numerous vein intercepts have been identified in these holes. Logging and sampling of the core is proceeding with initial assay results anticipated in early 2022. Drilling on the property will continue into December 2021. A total of 56 drill holes for 17,339 metres has now been completed by the company on the Silver Queen property in five successive phases of exploration drilling starting in late 2020. Five separate target areas have been tested and thick intervals of high-grade gold, silver and base-metal mineralization have been identified in each of the Camp Vein, No. 5, No. 3, and NG-3 Vein systems. Numerous veins occur throughout the property forming an extensive conjugate set of northwest and east-southeast-trending mineralized structures. The No. 3 vein is the large known vein set and has been extensively drilled, accounting for the majority of the current 2019 NI43-101 mineral resources identified on the property. Other veins have received more limited, and typically shallow, historic drilling but have encountered encouraging intercepts of precious and base metals. Several will be tested in the ongoing 2021/2022 exploration program. Up to 15,000 metres of drilling are planned and permitted for the current program that began in September in order to test 2.5 kilometres through the Camp Vein, the No. 5 Vein, the Switchback Vein and NG-3 Vein systems, as well as several less defined veins. Drilling is planned to continue through the Fall and into early 2022. Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. Reported intervals are core lengths, true widths undetermined or estimated. Accuracy of results is tested through the systematic inclusion of QA/QC standards, blanks and duplicates into the sample stream. AuEq and AgEq were calculated using prices of $1,500/oz Au, $20/oz Ag, $2.75/lb Cu, $1.00/lb Pb and $1.10/lb Zn. AuEq and AgEq calculations did not account for relative metallurgical recoveries of the metals.