Equity Metals Corporation reported results from its June 2023 surface rock and soil sampling program on the Silver Queen property, British Columbia. Select surface chip samples from the Cole Lake and Barite veins assay up to: 55.2g/t Au, 5,049g/t Ag, 3.2% Pb and 0.12% Zn from the Cole Lake Vein; 1,736g/t Ag, 22.7% Pb and 1.2% Zn from the ColeLake Vein; and. The Cole Lake vein will be the primary target of the next phase of drilling, which is scheduled to begin in early September.

Up to 3,000 metres of drilling is planned to test two segments of the vein that were traced by mapping for over 700 metres of strike length. The drilling is a continuation of the company's Spring 2023 program, which completed 2,324 metres in seven core holes on the George Lake target. Drilling was suspended in mid-July due to fire risk in the area, but crews will mobilize to the property in earliest September to completed logging and sampling of core before mobilizing the drill onto the Cole Lake target.

Samples from the first five holes have been submitted for assay and results are anticipated in the coming weeks. 2023 Soil Sampling Program. The outcrop sampling was part of a larger surface soil sampling program carried out on the property in June 2023.

The program consisted of collecting 1,427 soil samples from an area of approximate 2.5. kilometre x 1.5 kilometre on the western side of the property. The soil results successfully highlight the surface trace of the No. 3 Vein, the southern extension of the George Lake and Cole Lake veins, and the broad east-west trending structural corridor that hosts the Camp and Sveinson Deposits.

Furthermore, new targets for drill follow-up were identified by the soil results in several poorly or untested areas, including: anomalies both to the north and south of the Camp Deposit; a northwestern extension of the No. 3 Ve in; a footwall of the No.3 Vein near the intersection with the veins of the Sveinson Deposit; and a possible extension of the historical Chisolm Vein.