Equity Metals Corporation (TSX.V: EQTY) ('Equity') reports multiple Bonanza-grade Silver intercepts from the first three drill holes of renewed drilling on the Camp Vein target.
The holes are part of Equity's Fall 2021 drill program on the Silver Queen Project, BC and intersected: a 1.4 metre interval grading 1,097g/t Ag, 0.1g/t Au, 0.2% Cu, 0.5% Pb and 2.2% Zn (1,218g/t AgEq or 16.2/t AuEq) from drill hole SQ21-032; a 0.8 metre interval grading 342g/t Ag, 1.1g/t Au, 5.4% Pb and 18.2% Zn (1,302g/t AgEq or 17.4g/t AuEq) within a 2.1 metre interval averaging 138g/t Ag, 0.6g/t Au, 2.3% Pb and 7.3% Zn (537g/t AgEq or 7.2g/t AuEq) from drill hole SQ21-033 and a 0.4 metre interval grading 1,087g/t Ag, 0.3g/t Au, 0.1% Cu, 0.1% Pb and 4.6% Zn (1,307g/t AgEq or 17.4/t AuEq) within a 1.8 metre interval averaging 403g/t Ag, 0.1g/t Au, 0.1% Cu, and 1.4% Zn (468/t AgEq or 6.2g/t AuEq) from drill hole SQ21-034.
These are initial drill results from the current 4500 metre program, which commenced in early September 2021 and which is now nearing completion. Seventeen holes and one re-entered and extended 2020 hole have been completed to date, totalling 4425 metres. A single hole, approximately 200m deep, remains to be drilled after which time the drilling crews will break for two weeks and return later in October.
The three shallow holes reported here tested the northwest extent of the vein system, successfully intersecting two of the four distinct vein structures identified at the Camp vein target. These assays are select intercepts of only 25 rushed sample analyses and additional sampling has been completed on the holes with assays pending. Mineralization is open and untested to the west and projects both eastward and down-dip into previously identified vein intercepts.
Drilling has defined four distinct veins as well as potentially additional hangingwall and footwall veins, confirming much of Equity's earlier modeling of the Camp Vein target. Logging and sampling of the newly completed holes continues, the results of which will be released over the coming weeks and months.
VP Exploration Rob Macdonald commented, 'Equity's management is encouraged by the early returns from this new drilling on the Camp Vein target that continues to confirm the high-grade potential of the vein system and has led to a better understanding of the vein architecture. The known veins have been extended both laterally and to depth with many more new assay results pending in the coming weeks. Drilling will continue on the property through the Fall and extend into the Winter of 2022 and will focus on further delineation and extension of the Camp and No. 5 vein systems in addition to testing new targets on the Switchback, NG-3 and George Lake South veins.'
A total of 48 drill holes for 14,450 metres has now been completed by Equity Metals on the Silver Queen property in four successive phases of exploration drilling starting in late 2020. Four 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 other veins occur throughout the target area forming an extensive conjugate set of northwest and east-southeast-trending mineralized structures. The No. 3 vein is the largest 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 upcoming 2021/2022 exploration program. Up to 15,000 metres of drilling have been identified and permitted 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 the Winter of 2022.
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 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. Most of the existing resource is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and to the southeast transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
About Equity Metals Corporation
Equity Metals Corporation is a Manex Resource Group Company. Manex provides exploration, administration, and corporate development services for Equity Metals' two major mineral properties, the Silver Queen Au-Ag-Zn-Cu project, located in central B.C., and the Monument Diamond project, located in Lac De Gras, NWT.
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 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 project owners are Equity Metals Corporation (57.49%), Chris and Jeanne Jennings (22.11%) and Archon Minerals Ltd. (20.4%). Equity Metals is the operator of the project.
Contact:
Tel: 604.641.2759
Email: ir@mnxltd.com
EQUITY METALS CORPORATION 
