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Equity Metals Returns 55.2g/t Gold and 5,049g/t Silver from Outcrop Sampling on the Cole Lake Target, Silver Queen Project, BC; Crews Mobilizing to Resume Drill program; Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Equity Metals Corporation (TSX...
About this update from Equity Metals Corporation
[{"type":"text","content":"Equity Metals Returns 55.2g/t Gold and 5,049g/t Silver from Outcrop Sampling on the Cole Lake Target, Silver Queen Project, BC; Crews Mobilizing to Resume Drill program; Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Equity Metals Corporation (TSXV: EQTY) (\"Equity\") reports 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 Cole Lake Vein; and 6.0g/t Au and 69g/t Ag and 1.9% Zn from the Barite Vein.The samples were collected from clusters of narrow quartz-barite veins in strongly weathered (gossanous) outcrops at the Cole Lake target. Three samples were collected from outcrop along the previously mapped projection of the Cole Lake Vein and five samples were collected from a small cluster of outcrops along the subparallel Barite Vein, located 150 metres to the southwest. Individual veins within the clusters are up to 10cm thick and consist of white chalcedonic quartz, bladed barite and aggregates of fine to medium-grained galena and brown sphalerite.The assays confirm the high-grade potential of both veins, which were extensively trenched, mapped and sampled in the 1970's and 1980's. Although the data survives, the trenches have been largely remediated.Shallow historic drilling on the Cole Lake vein returned multiple intervals of strongly enriched precious metals, including:a 2.5m interval grading 2.4g/t Au, 638g/t Ag, 1.3% Cu, 2.2% Pb and 5.5% Zn within a broader 11.9m interval averaging 1.3g/t Au, 141g/t Ag, 1.3% Cu, 0.5% Pb and 1.2% Zn (4.3g/t AuEq or 390g/t AgEq) from historic drill hole NGVF-1; and a 0.7m interval averaging 3.8g/t Au, 209g/t Ag 0.11% Cu, 5.9% Pb, 13.9% Zn (18.0g/t AuEg or 1,622g/t AgEq) from historic drill hole F-8.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. Drill...