Equity Metals Corporation reports that crews have mobilized and drilling has resumed on it's 100% owned Silver Queen Ag-Au project, located in central British Columbia. This is the second phase of drilling on the property in 2023 and will focus on the initial delineation of two new targets located to the northeast of, and not included in, the earlier 2022 updated Mineral Resource estimate on the property. Up to 4,000 metres is planned in the Company's initial test of the Cole and George Lake veins systems which have been partially tested by historical drilling.

At the George Lake target historic drilling identified several veins over a 120 metre strike-length and up to 200 metres below surface. The veins remain open laterally to the northwest-southeast and at depth for further delineation and extension during this phase of work. Similarly, historical drilling on the Cole Lake target has identified multiple vein intercepts over a 700 metre strike length and to depths of over 400 metres below surface.

Mineralization at both targets remains strongly gold- and silver-enriched, often with significant concentrations of base metals. Mineralized veins at the George Lake target were historically drilled and accessed from underground via the Bulkley Cross-cut which is part of the over 9000 metres of historical workings that were largely developed on the property through the 1970s and 1980s. This Phase II program follows the Spring 2023 drilling program which successfully extended veins along strike and at depth in the Camp and filled a significant drilling gap in the Sveinson vein system.

Nine holes totalling 4,038 metres were completed with assays currently reported from only two of the holes. Additional assays from the remaining seven drill holes are anticipated to be released in the coming weeks.