Equity Metals Reports Assays from 2026 Validation Drilling on the No. 3 Vein and Active Q4 Exploration Initiatives, Silver Queen Project, BC
The company says funding covers Q4 work and extends into 2027, while new drilling will refine estimates of lower-grade material.
Sentiment and the balance of points
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Rhea-AI Summary
Equity Metals (EQMEF) reported assays from 17 validation drill holes on the No. 3 Vein at its Silver Queen project. The holes totaled 5,719 metres across approximately one kilometre of strike length. Highlights included estimated true thicknesses of 6.1 metres at 521 grams per tonne silver equivalent in SQ26-173, 2.6 metres at 661 in SQ26-171, and 3.2 metres at 582 in SQ26-178. Silver equivalent combines metal grades using assumed prices and recoveries. Equity said results were consistent with historical grades, with no systematic grade bias.
Drilling planned for the second week of October comprises up to 8 holes totaling 2,500 metres, targeting gaps in lower-grade material around the vein. An amended permit allows Earl Adit rehabilitation to clear blocked underground access for a drone laser survey, with planning for a late-Q4 start. The company said this work is fully funded through Q4 2026 and beyond into 2027.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointQ4 2026 work and beyond into 2027 are fully funded, the company said.
- Minor pointSQ26-173 returned 6.1 metres estimated true thickness at 521 g/t silver equivalent, including 2.6 metres at 844 g/t.
- Minor pointSQ26-171 returned 2.6 metres estimated true thickness at 661 g/t silver equivalent.
- Minor pointSQ26-178 returned 3.2 metres estimated true thickness at 582 g/t silver equivalent.
- Minor pointHistorical-grade validation showed consistent grade and tenor with no systematic grade bias, Equity said.
3 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.October drilling plans comprise up to 8 holes totaling 2,500 metres to refine vein and dilution estimates.
- Minor pointAmended underground-access permit allows Earl Adit rehabilitation ahead of a planned drone laser survey.
- Minor pointMineralized material was obtained for ongoing metallurgical testing of metal recovery.
Negative
- Minor pointHighly diluted areas have little or no data for estimating grades of surrounding lower-grade material.
- Minor pointFallen rock blocks Earl Adit access; rehabilitation and sufficient material removal are needed before the underground survey.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights
Assay results are reported from 17 recent drill holes to more fully validate historic drill intercepts that were used in the Company's previous Mineral Resource Estimate (see NR-04-26, 16 September 2026). Additional drill holes have been identified to increase confidence and to provide sampling to evaluate dilution halos around the No. 3 vein.
Drilling commences in the coming week and will comprise up to 8 holes totaling 2,500m.
The Company has received a permit for rehabilitation of part of the Earl Adit to allow access to the historical underground workings to conduct a Drone Lidar survey, with planning underway for a late Q4 start.
The Company continues to advance and derisk the Silver Queen Project, adding significant polymetallic mineralization in the Company's recent independent Mineral Resource Estimate (MRE).
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Equity Metals Corporation (TSXV: EQTY) ("Equity" or "Company") reports assay results from 2026 drilling on the Silver Queen project. Seventeen drill holes totaling 5,719 metres were completed and targeted an approximate one kilometre strike-length of the No 3 Vein (Figure 1). Assay highlights include:
A 6.1 metre interval averaging 1.9g/t Au, 166g/t Ag,
1.9% Pb and8.6% Zn (521g/t AgEq or 8.7g/t AuEq), including a 2.6 metre interval grading 1.5g/t Au, 313g/t Ag,0.1% Cu,3.9% Pb and16.2% Zn (844g/t AgEq or 12.8g/t AuEq) from drillhole SQ26-173;A 2.6 metre interval averaging 2.6g/t Au, 310g/t Ag,
0.8% Cu,0.4% Pb and4.8% Zn (661g/t AgEq or 10.0g/t AuEq) from drillhole SQ26-171; andA 3.2 metre interval averaging 3.5g/t Au, 235g/t Ag,
0.5% Pb and3.7% Zn (582g/t AgEq or 8.8g/t AuEq) from drillhole SQ26-178.
(1) See AgEq and AuEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated.
The 2026 drilling was completed as part of a validation program designed to update, with modern drilling, sections of the No. 3 vein set which are largely informed by historical drilling from the 1970s and 1980s. Drilling tested a range of targets from twins or short step-outs of historical intercepts. Both higher-grade intercepts and lower-grade zones within the 2022 Mineral Resource model were tested. Overall, the intersected mineralization is consistent with the grade and tenor of the historically reported intercepts, shows no systematic grade bias, and reasonably expected variation in values.
Modern sampling protocols were used for this work which provide extensive sampling throughout the mineralized zones and along the margins of the mineral domains that will be used to characterize "internal dilution" grade that is now incorporated into Mineral Resource Estimates as part of the RPEEE protocols (Reasonable Prospect for Eventual Economic Extraction). Mineralized material was also obtained for ongoing metallurgical test work.
Fall Drilling Program Commences
Drilling will resume at the Silver Queen Project on or about the second week in October. The program will focus on the No. 3 Vein, and particularly on areas that were identified in the RPEEE procedure as highly diluted where little or no data exists to provide reasonable estimates of dilution grades that were incorporated into the current MRE. Modern mining techniques utilize wider, more cost-effective stopes for mineral extraction compared to the earlier mining at Silver Queen, and therefore, broader halos around the mineralized domains need to be informed to properly account for the lower-grade mineralization that would be incorporated during mining.
VP Exploration Rob Macdonald commented on the earlier and upcoming drilling programs, "Validation drilling on the No. 3 Vein represents an important step in the continued derisking of the Silver Queen project which, based on the current results, confirms the overall grade and tenor of the vein set. The fully funded new drilling, scheduled for Q4 '26, will further refine modelling of the No. 3 vein set and, as importantly, provide additional shoulder sampling necessary to provide more accurate estimates of dilution for RPEEE."
Figure 1: Plan map of targets and deposits on the Silver Queen vein system, BC
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/318043_27ac9d94e4a59804_002full.jpg
Figure 2: Longitudinal Section showing the 2026 validation drill intercepts plotted against the undiluted grade distribution model of the No 3 Vein, looking SW.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/318043_27ac9d94e4a59804_003full.jpg
Underground Access at the Silver Queen Project for a Drone Lidar Survey
The Company has received an amended Notice of Work which allows entry into the underground workings of the Silver Queen mine in preparation for clearing fall-of-ground material blocking access through the Earl Adit. Initial work, starting this Fall, will include the rehabilitation of the Earl Adit Portal, followed by the rehabilitation of the underground workings and infrastructure up to the fall-of-ground material and removal of sufficient material to allow a Drone Lidar survey of the underground workings.
The goal of the Drone Lidar Survey is to more accurately locate veins, structures, and historic underground drill stations which will help tighten correlations between the historic and modern datasets. Future work could include fully opening access to the underground workings for mapping, sampling, underground geotechnical surveys and, in time, any additional drilling that would be required to further upgrade the project.
President Joe Kizis comments, "The upcoming exploration program will continue the process of increasing the confidence in what is an extensive historical database that informs the MRE and other technical studies into the viability of the Silver Queen project. Work on the Earl Adit to open access to the underground workings, starting this Fall, is a priority for the company which will open further avenues for de-risking and upgrading the asset as the Silver Queen property transitions into a true "brownfields project".
The Company is fully funded to complete this work in Q4 2026 and well beyond into 2027. We maintain our commitment to advancing this unique asset, well located in an infrastructure-rich region of central British Columbia and to maintain our focus on the continued advancement of the known veins as "brownfields" opportunities, while assessing the accretive expansion of the known vein sets and continuing to evaluate the potential of the larger property for additional epithermal vein sets and porphyry targets.
We feel confident that Silver Queen is a valuable asset that will reward our shareholders."
Table 1: Select Composites from 2026 Drilling on the No. 3 Vein Target, Drill holes SQ26-168 to SQ26-177
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AgEq (g/t) | AuEq (g/t) | Comments | |
| ETT(m) | ||||||||||||
| SQ26-168 | 265.1 | 267.5 | 2.4 | 1.7 | 3.9 | 171 | 0.1 | 0.5 | 11.5 | 705 | 10.7 | |
| inc. | 266.3 | 267.1 | 0.8 | 0.5 | 9.3 | 368 | 0.1 | 0.9 | 5.8 | 1138 | 17.2 | |
| SQ26-168 | 271.2 | 273.2 | 2.0 | 1.4 | 1.2 | 53 | 0.0 | 0.5 | 6.6 | 294 | 4.5 | |
| SQ26-168 | 319.0 | 321.0 | 2.0 | 1.4 | 2.3 | 1 | 0.0 | 0.0 | 0.0 | 154 | 2.3 | |
| SQ26-169 | 247.8 | 248.3 | 0.5 | 0.4 | 13.9 | 171 | 0.1 | 0.2 | 10.3 | 1328 | 20.1 | |
| SQ26-169 | 269.8 | 272.4 | 2.6 | 2.2 | 1.6 | 38 | 0.0 | 0.3 | 5.2 | 268 | 4.1 | |
| inc. | 271.5 | 272.4 | 0.9 | 0.7 | 1.9 | 96 | 0.1 | 0.3 | 10.5 | 473 | 7.2 | |
| SQ26-170 | 236.9 | 237.5 | 0.6 | 0.5 | 0.5 | 45 | 0.1 | 0.2 | 6.3 | 233 | 3.5 | |
| SQ26-170 | 288.4 | 300.2 | 11.8 | 9.2 | 0.6 | 18 | 0.0 | 0.1 | 0.9 | 79 | 1.2 | |
| inc. | 289.4 | 291.4 | 2.0 | 1.6 | 1.7 | 80 | 0.1 | 0.3 | 3.2 | 277 | 4.2 | |
| inc. | 289.4 | 290.4 | 1.0 | 0.8 | 3.1 | 145 | 0.1 | 0.6 | 4.8 | 470 | 7.1 | |
| SQ26-171 | 19.65 | 21.33 | 1.7 | 1.5 | 1.3 | 21 | 0.0 | 0.3 | 0.3 | 125 | 1.9 | |
| SQ26-171 | 279.7 | 282.6 | 2.9 | 2.6 | 2.6 | 310 | 0.8 | 0.4 | 4.8 | 661 | 10.0 | |
| inc. | 279.7 | 280.9 | 1.2 | 1.1 | 1.9 | 634 | 1.5 | 0.7 | 6.0 | 1039 | 15.7 | |
| SQ26-172 | 261.1 | 262.2 | 1.1 | 1.0 | 0.9 | 40 | 0.1 | 0.4 | 5.0 | 223 | 3.4 | |
| SQ26-172 | 273.0 | 289.3 | 16.3 | 14.3 | 0.7 | 46 | 0.1 | 0.1 | 1.9 | 143 | 2.2 | 0.5 g/t AgEq cutoff |
| inc. | 275.8 | 276.6 | 0.8 | 0.7 | 2.3 | 79 | 0.0 | 0.2 | 1.8 | 271 | 4.1 | |
| and inc. | 279.0 | 281.5 | 2.5 | 2.2 | 1.9 | 193 | 0.2 | 0.5 | 10.0 | 572 | 8.7 | |
| inc. | 280.0 | 281.5 | 1.5 | 1.3 | 2.6 | 310 | 0.4 | 0.6 | 16.1 | 882 | 13.4 | |
| SQ26-173 | 113.3 | 114.16 | 0.9 | 0.8 | 1.4 | 53 | 1.2 | 0.3 | 1.3 | 284 | 4.3 | |
| SQ26-173 | 285.6 | 292.8 | 7.2 | 6.1 | 1.9 | 166 | 0.0 | 1.9 | 8.6 | 521 | 7.9 | |
| inc. | 288.2 | 291.3 | 3.1 | 2.6 | 1.5 | 313 | 0.1 | 3.9 | 16.2 | 844 | 12.8 | |
| SQ26-174 | 256.0 | 256.8 | 0.8 | 0.7 | 0.9 | 178 | 0.1 | 0.1 | 1.2 | 273 | 4.1 | |
| SQ26-175 | 36.5 | 39.1 | 2.6 | 2.2 | 1.5 | 113 | 0.0 | 1.3 | 6.3 | 375 | 5.7 | |
| SQ26-176 | 71.7 | 72.2 | 0.5 | 0.5 | 1.2 | 130 | 0.4 | 0.3 | 2.5 | 304 | 4.6 | |
| SQ26-176 | 126.6 | 131.6 | 4.9 | 4.3 | 2.0 | 79 | 0.2 | 0.2 | 1.5 | 266 | 4.0 | |
| inc. | 129.8 | 130.2 | 0.4 | 0.3 | 13.9 | 214 | 0.9 | 0.4 | 1.6 | 1250 | 18.9 | |
| SQ26-177 | 84.8 | 89.85 | 5.0 | 3.9 | 1.2 | 23 | 0.0 | 0.3 | 1.2 | 135 | 2.0 | 0.5 g/t AgEq cutoff |
| inc. | 85.8 | 86.2 | 0.4 | 0.3 | 6.3 | 105 | 0.0 | 1.1 | 9.5 | 751 | 11.4 | |
| and inc. | 89.4 | 89.9 | 0.5 | 0.4 | 2.6 | 107 | 0.1 | 1.7 | 4.0 | 404 | 6.1 | |
| SQ26-177 | 101.1 | 117.1 | 15.9 | 12.4 | 0.8 | 57 | 0.3 | 0.1 | 3.7 | 223 | 3.4 | 0.5 g/t AgEq cutoff |
| inc. | 107.4 | 109.8 | 2.4 | 1.8 | 1.3 | 154 | 0.8 | 0.2 | 7.0 | 473 | 7.2 | |
| and inc. | 112.9 | 115.9 | 3.0 | 2.3 | 1.2 | 93 | 1.0 | 0.2 | 10.3 | 496 | 7.5 | |
| SQ26-177 | 148.3 | 152.1 | 3.8 | 2.9 | 1.4 | 26 | 0.1 | 0.3 | 8.3 | 321 | 4.9 | |
Notes: drill core samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>
Table 2: Select Composites from 2026 Drilling on the No. 3 Vein Target, Drill holes SQ26-178 to SQ26-184
| Hole # | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AgEq (g/t) | AuEq (g/t) | Comments | |
| ETT(m) | ||||||||||||
| SQ26-178 | 89.4 | 90.8 | 1.5 | 1.3 | 0.6 | 59 | 0.4 | 0.7 | 2.5 | 201 | 3.0 | |
| SQ26-178 | 133.2 | 134.9 | 1.7 | 1.5 | 3.8 | 145 | 0.2 | 0.5 | 2.6 | 482 | 7.3 | |
| inc. | 133.2 | 133.6 | 0.4 | 0.4 | 11.9 | 194 | 0.1 | 0.7 | 5.9 | 1131 | 17.1 | |
| SQ26-178 | 159.4 | 163.0 | 3.7 | 3.2 | 3.5 | 235 | 0.3 | 0.5 | 3.7 | 582 | 8.8 | |
| inc. | 159.4 | 161.0 | 1.6 | 1.4 | 7.5 | 488 | 0.3 | 1.1 | 7.1 | 1186 | 18.0 | |
| SQ26-179 | 333.6 | 335.0 | 1.4 | 1.1 | 1.7 | 129 | 0.1 | 0.1 | 0.3 | 257 | 3.9 | |
| inc. | 334.6 | 335.0 | 0.4 | 0.3 | 2.9 | 313 | 0.4 | 0.4 | 0.6 | 556 | 8.4 | |
| SQ26-180 | 76.1 | 76.7 | 0.6 | 0.5 | 0.3 | 162 | 0.5 | 1.2 | 4.8 | 357 | 5.4 | |
| SQ26-180 | 166.1 | 172.2 | 6.1 | 5.5 | 0.8 | 110 | 0.2 | 0.4 | 0.9 | 204 | 3.1 | 0.5 g/t AgEq cutoff |
| inc. | 166.1 | 166.6 | 0.5 | 0.4 | 2.4 | 872 | 0.1 | 4.0 | 0.9 | 1125 | 17.0 | |
| and inc. | 171.8 | 172.2 | 0.4 | 0.3 | 4.3 | 302 | 0.7 | 0.7 | 1.1 | 684 | 10.4 | |
| SQ26-180 | 177.4 | 179.0 | 1.6 | 1.5 | 2.6 | 161 | 0.6 | 0.4 | 1.8 | 427 | 6.5 | |
| SQ26-181 | 122.7 | 123.1 | 0.4 | 0.3 | 3.9 | 661 | 0.5 | 0.2 | 10.6 | 1198 | 18.1 | |
| SQ26-181 | 159.8 | 161.8 | 2.0 | 1.5 | 0.7 | 122 | 0.5 | 0.8 | 4.7 | 326 | 4.9 | |
| SQ26-181 | 265.7 | 289.0 | 23.3 | 17.5 | 0.6 | 24 | 0.4 | 0.1 | 0.3 | 109 | 1.7 | 30 g/t AgEq cutoff |
| inc. | 267.7 | 270.4 | 2.7 | 2.0 | 1.8 | 116 | 0.4 | 1.1 | 2.4 | 341 | 5.2 | |
| and inc. | 279.0 | 281.0 | 2.0 | 1.5 | 2.0 | 51 | 2.1 | 0.1 | 0.4 | 376 | 5.7 | |
| SQ26-181 | 350.8 | 352.1 | 1.4 | 1.0 | 0.6 | 52 | 1.7 | 0.1 | 0.2 | 247 | 3.7 | |
| SQ26-181 | 529.2 | 535.4 | 6.3 | 4.7 | 0.5 | 35 | 0.1 | 0.2 | 2.9 | 144 | 2.2 | |
| inc. | 534.3 | 535.0 | 0.7 | 0.5 | 1.2 | 98 | 0.2 | 1.2 | 7.0 | 375 | 5.7 | |
| SQ26-182 | 113.9 | 114.4 | 0.6 | 0.5 | 1.2 | 297 | 0.2 | 0.2 | 2.9 | 457 | 6.9 | |
| SQ26-182 | 152.5 | 157.0 | 4.5 | 4.1 | 0.6 | 66 | 0.3 | 0.7 | 3.1 | 212 | 3.2 | |
| inc. | 155.4 | 155.9 | 0.5 | 0.5 | 1.4 | 190 | 0.8 | 1.9 | 12.1 | 651 | 9.9 | |
| SQ26-183 | 343.8 | 345 | 1.2 | 0.9 | 8.8 | 360 | 0.8 | 3.7 | 5.6 | 1195 | 18.1 | |
| inc. | 344.7 | 345.0 | 0.4 | 0.3 | 27.7 | 855 | 0.7 | 11.5 | 1.2 | 2958 | 44.8 | |
| SQ26-184 | 441.5 | 446.5 | 5.0 | 3.5 | 2.0 | 112 | 0.2 | 0.4 | 2.1 | 315 | 4.8 | |
| inc. | 444.1 | 446.0 | 1.9 | 1.3 | 4.4 | 260 | 0.5 | 0.9 | 4.9 | 722 | 10.9 | |
| SQ26-184 | 747.7 | 750.1 | 2.4 | 1.7 | 1.3 | 50 | 0.0 | 0.1 | 0.3 | 147 | 2.2 | |
| inc. | 747.7 | 748.3 | 0.6 | 0.5 | 4.4 | 157 | 0.0 | 0.1 | 0.2 | 455 | 6.9 | |
| SQ26-184 | 771.3 | 771.6 | 0.4 | 0.3 | 3.0 | 136 | 0.6 | 0.3 | 2.2 | 433 | 6.6 | |
Notes: drill core samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>
Table 3: Collar location and orientation
| Hole # | Survey Data | Collar Data | Hole # | Survey Data | Collar Data | |||||||||
| UTM Coordinates_NAD83Z11 | AZ | DIP | Depth | UTM Coordinates_NAD83Z11 | AZ | DIP | Depth | |||||||
| Easting | Northing | Elev (m) | Deg | Deg | (m) | Easting | Northing | Elev (m) | Deg | Deg | (m) | |||
| SQ26-168 | 649386 | 5995313 | 953 | 218.6 | -65.5 | 321 | SQ26-177 | 649279 | 5995196 | 936 | 258.2 | -60.0 | 201 | |
| SQ26-169 | 649386 | 5995313 | 953 | 245.1 | -54.5 | 336 | SQ26-178 | 649383 | 5995171 | 949 | 221.1 | -45.1 | 180 | |
| SQ26-170 | 649386 | 5995314 | 953 | 187.2 | -55.4 | 351 | SQ26-179 | 649580 | 5995087 | 930 | 250.3 | -55.0 | 351 | |
| SQ26-171 | 649240 | 5995469 | 970 | 243.4 | -55.2 | 324 | SQ26-180 | 649581 | 5995088 | 930 | 184.3 | -61.9 | 252 | |
| SQ26-172 | 649240 | 5995469 | 970 | 218.9 | -58.3 | 336 | SQ26-181 | 649750 | 5994997 | 911 | 217.3 | -64.1 | 651 | |
| SQ26-173 | 649241 | 5995469 | 970 | 192.1 | -54.6 | 330 | SQ26-182 | 649749 | 5994996 | 911 | 218.2 | -50.2 | 303 | |
| SQ26-174 | 649110 | 5995523 | 969 | 220.4 | -65.8 | 300 | SQ26-183 | 649559 | 5995233 | 948 | 222.3 | -65.0 | 396 | |
| SQ26-175 | 648951 | 5995482 | 946 | 218.2 | -60.0 | 111 | SQ26-184 | 649707 | 5995255 | 938 | 197.8 | -69.7 | 826 | |
| SQ26-176 | 649279 | 5995195 | 936 | 220.0 | -56.1 | 150 | ||||||||
About Silver Queen Project
The Silver Queen Property consists of 47 mineral claims, 17 crown grants, and two surface crown grants totalling 18,871ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. More than 20 different veins have been identified on the Property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The Property remains largely under explored.
About Equity Metals Corporation
Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns
Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure. He has approved the release of this news release.
On behalf of the Board of Directors
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at ir@mnxltd.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318043
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Equity Metals' Silver Queen validation drilling highlights?
Highlights were 6.1 metres at 521 g/t silver equivalent in SQ26-173, 2.6 metres at 661 g/t in SQ26-171, and 3.2 metres at 582 g/t in SQ26-178, all estimated true thicknesses. The SQ26-173 interval included 2.6 metres at 844 g/t silver equivalent.
What drilling does Equity Metals plan at Silver Queen in October 2026?
The planned program comprises up to 8 holes totaling 2,500 metres, starting on or about the second week of October. It targets the No. 3 Vein, particularly areas with limited data for estimating the grades of lower-grade material that would be included during mining.
What assumptions support Equity Metals' Silver Queen metal-equivalent assay grades?
Gold- and silver-equivalent grades use prices of $3,200/oz gold, $38/oz silver, $4.75/lb copper, $0.95/lb lead and $1.35/lb zinc. The calculations use relative metallurgical recoveries of 55% for gold, 80% for silver, 80% for copper, 81% for lead and 90% for zinc.
What will Equity Metals' Silver Queen underground drone survey measure?
The planned drone laser survey aims to locate veins, structures and historical underground drill stations more accurately. Its goal is to improve correlations between historical and modern datasets. Possible later work includes opening full access for mapping, sampling, underground geotechnical surveys and additional drilling.