Equity Metals to Acquire 100% of the Arlington Gold Property, British Columbia; Provides Silver Queen Drilling Update

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[{"type":"text","content":"Equity Metals to Acquire 100% of the Arlington Gold Property, British Columbia; Provides Silver Queen Drilling UpdateVancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Equity Metals Corporation (TSXV: EQTY) (\"Equity\" or the \"Company\") reports it has signed a letter agreement with Origen Resources Inc. (\"Origen\") on November 5, 2024 (the \"Arlington Agreement\") to earn a 100% interest in nine claims, totaling 3,583.89 ha, located within the Boundary District of south-central British Columbia (the \"Arlington Property\"). The Arlington Agreement, which is subject to TSX Venture Exchange (\"Exchange\") acceptance (\"Regulatory Approval\"), provides that Equity may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval: making cash payments totaling $130,000 ($30,000 of which is reimbursement of costs associated with the Bond posted in regards to the current drill permit to be assigned to Equity);incurring exploration expenditures of $250,000 on the Arlington Property; andissuing shares valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares valued at $200,000, or 2 million shares, whichever is greater, by the first anniversary of Regulatory Approval.Origen will retain a royalty of 2% of net smelter returns, provided that the Company may purchase 1% of such royalty at any time for the price of $1,000,000. About the Arlington PropertyThe Arlington Au-Cu-Ag Property is located in the West Kettle River Valley in southern British Columbia; it is 17 km north of the community of Beaverdell and 65 km south of Kelowna B.C., within the Greenwood Mining Division (see Figure 1). Historic work in the area was driven by the early success and discoveries made in the Beaverdell and Carmi Mining Camps during the late 1890s. Most of the production in the district was from the Beaverdell Camp, which was mined from 1913 to 1991 and produced approximately 35Mozs silver and 16.5Kozs gold. The Buckhorn Mine, located 60km to the south of the property in northern Washington state, is also considered a possible exploration analogue. The Buckhorn mine was operated by Kinross from 2007 to 2017, producing 1.3Moz gold from 5Mt ore.The Arlington Au-Cu-Ag property was explored as early as 1888, with modern exploration ...

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