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Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC
Highlights Increase in Indicated Category by 187% to 62.8Mozs AgEq or by 214% to 765...
About this update from Equity Metals Corporation
[{"type":"text","content":"Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BCHighlightsIncrease in Indicated Category by 187% to 62.8Mozs AgEq or by 214% to 765Kozs AuEq: 21.0Mozs Ag (+297%), 237Kozs Au (+179%), 18Mlbs Cu (+288%), 48Mlbs Pb (+178%) and 267Mlbs Zn (+134%)Increase in Inferred Category by 30% to 22.5Mozs AgEq or by 41% to 273Kozs AuEq: 10.3Mozs Ag (+117%), 50Kozs Au (-21%), 10Mlbs Cu (+79%), 23Mlbs Pb (+45%) and 84Mlbs Zn (-9%)Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - Equity Metals Corporation (TSXV: EQTY) (\"Equity\" or \"Company\") reports that Kirkham Geosystems Ltd (\"KGL\") and P&E Mining Consultants Inc. (\"P&E\") have completed an updated Independent Mineral Resource Estimate (\"MRE\") for the Silver Queen Project, British Columbia, Canada. The MRE features lateral and down-dip extensions of the previously modelled No. 3 and NG-3 Veins, originally included in the 2019 MRE, and new, previously unmodelled mineralization from the Camp and Sveinson Targets. The MRE utilizes a Net Smelter Return (\"NSR\") cut-off at C$100/t with updated metal pricing.President Joe Kizis comments, \"At the time we assumed management of the Company in Q3 of 2019, we felt there were clear opportunities to quickly add significantly to the 2019 MRE at Silver Queen, and we are proud to report our success at a very low cost of $0.15/oz of added AgEq or $11/oz of added AuEq. The MRE remains open for additional delineation west of the Camp Target and within the Sveinson Target. In addition, there are several targets that have only been tested by a few drill holes and remain very attractive areas for new discoveries and MRE increase.\"Silver Queen Resource Model highlights:Compared to the 2019 Mineral Resource Estimate, the 2022 update, at a C$100/t NSR cut-off, features:A 2.6Mt increase in Indicated Mineral Resources to 3.46Mt averaging 189g/t Silver, 2.13g/t Gold, 0.24% Copper, 0.6% Lead and 3.5% Zinc (565g/t AgEq or 6.9g/t AuEq) containing:21.0 million ounces of silver; 237 thousand ounces of gold; 18 million pounds of copper; 48 million pounds of lead; and 267 million pounds of zinc.This equates to 62.8 million ounces silver equivalent or 767 thousand ounces of gold equivalent; andA 1.1Mt increase in Inferred Mineral Resources to 1.92Mt averaging 162g/t Silver, 0.80g/t ...