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Equity Metals Drilling Update on Silver Queen Property in BC

Mining News - Published on Tue, 13 Oct 2020

Image Source: Equity Metals Silver Queen Property
Equity Metals Corporation reported high-grade, silver-rich assays from initial returns on its 3,045 metre core drilling program on the Silver Queen project, British Columbia. Mineralized intervals from hole SQ20-003 include:

a 0.6 metre downhole interval grading 2,489g/t Ag, 0.12g/t Au, 0.15% Pb and 4.9% Zn (2,685g/t AgEq or 35.9g/t AuEq) within a broader 4.0 metre downhole interval averaging 521g/t Ag, 0.3g/t Au, 0.39% Pb and 2.0% Zn (639g/t AgEq or 8.5g/t AuEq)

a 1.0 metre downhole interval grading 1,220g/t Ag, 0.9g/t Au, 0.9%Pb and 2.5% Zn (1,441g/t AgEq or 19.2g/t AuEq) within a broader 7 metre downhole interval averaging 400g/t Ag, 0.7g/t Au, 1.6% Pb and 3.6% Zn (656g/t AgEq or 8.8g/t AuEq).

Hole SQ20-003 is one of five core holes totaling 864.8 metres that tested the Camp Vein system as part of the current exploration program. The holes were designed to verify results of historic drilling from the 1980’s and to test prior 3D modelling of the historic drilling completed during Equity’s earlier compilation work on the project. Assays are reported as downhole thickness until further modelling can confirm the orientation of the veining.

Drilling successfully identified shallow (<80m depth), high-grade mineralization over significant thicknesses (4 metres and 7 metres respectively) in SQ20-003, comparable to previous historic results and form the basis for further drilling on the Camp Vein target. Drilling in holes SQ20-001 and SQ20-002 also returned positive results including:

a 1.7 metre downhole interval averaging 37/t Ag, 0.9g/t Au, 0.6% Pb and 2.4% Zn (221g/t AgEq or 2.9g/t AuEq) from hole SQ20-001

a 1.1 metre downhole interval averaging 374/t Ag, 0.2% Pb and 0.5% Zn (402g/t AgEq or 5.4g/t AuEq) from hole SQ20-002.

Two additional holes (SQ20-009, -010) were completed on the Camp Vein target as step-outs from hole SQ20-003. Assays from these step-out holes, as well as additional assay results from SQ20-001 to -003, are pending.

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Posted By : Yogender Pancholi on Tue, 13 Oct 2020
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