Welcome to our dedicated page for Equity Metals news (Ticker: EQMEF), a resource for investors and traders seeking the latest updates and insights on Equity Metals stock.
Equity Metals Corp (EQMEF) is a Canadian junior exploration company searching for silver and gold deposits in British Columbia's mineral districts. The company operates the Silver Queen Property, where drilling targets high-grade silver-gold vein systems, and the Arlington Gold Property, an emerging gold exploration target.
News from Equity Metals typically centers on exploration activity. Drill program announcements, assay results from completed holes, and geological interpretations form the core of company communications. For investors following EQMEF, understanding drill results requires attention to reported widths, grades expressed in silver-equivalent or gold values, and the geological context of each intercept.
The Silver Queen Property generates the majority of news flow, with drilling campaigns testing extensions of known vein structures like the No. 3 Vein. Results often include silver-equivalent grades that combine silver and gold values into a single metric for comparison. The Arlington Gold Property adds diversity to the news stream with soil sampling results and initial drill testing of gold targets.
Junior exploration companies release news following the completion of assay analysis, which typically occurs weeks after drilling concludes. Share price reactions to drill results depend on how intercepts compare to previous results and market expectations. Investors tracking EQMEF should monitor news releases for details on mineralization continuity, grade consistency, and project advancement milestones.
Equity Metals (TSXV: EQTY) has reported initial assay results from its Fall 2024 drill program at the Silver Queen Au-Ag project in British Columbia. The program completed 16 core holes totaling 5,952 metres on the No. 3 North Target. Key highlights include:
- 7.6 metre interval grading 431g/t AgEq (including 1.6 metre at 1,475g/t AgEq)
- 3.3 metre interval grading 710g/t AgEq (including 1.1 metre at 1,341g/t AgEq)
- 2.4 metre interval grading 473g/t AgEq
The results confirm mineralization beyond the northern end of the No. 3 Vein resource model, extending 100 metres below and 100 metres laterally. The No. 3 Vein represents the largest deposit on the property, accounting for 65% of current mineral resources.
Equity Metals (TSXV: EQTY) has received TSX Venture Exchange approval for its option agreement with Origen Resources to acquire a 100% interest in the Arlington Property, comprising nine claims totaling 3,583.89 ha in British Columbia's Boundary District.
The company has already paid $80,000 ($30,000 for drill permit bond reimbursement) and issued 944,686 shares valued at $200,000 to Origen. To complete the acquisition, Equity must pay an additional $50,000, issue 2 million shares, and spend $250,000 on exploration within one year. Origen will retain a 2% net smelter returns royalty, with Equity having the option to purchase 1% for $1 million.
Initial work plans include soil sampling, geological mapping, prospecting, and possible trenching, followed by drilling in 2025.
Equity Metals (TSXV: EQTY) has signed a letter agreement with Origen Resources to acquire a 100% interest in the Arlington Property, consisting of nine claims totaling 3,583.89 hectares in British Columbia's Boundary District. The acquisition terms include cash payments of $130,000, exploration expenditures of $250,000, and two share issuances valued at $200,000 each, all within one year of regulatory approval. Origen will retain a 2% net smelter returns royalty, with Equity having the option to purchase 1% for $1,000,000.
Equity Metals reports final assay results from its Summer '24 drill program on the Silver Queen Au-Ag project in British Columbia. The program successfully extended the George Lake target by 550 metres southeast, yielded Bonanza-grade silver intercepts at the Camp Deposit, and made a new sulphide-rich discovery at Camp North. Highlights include intercepts from hole SQ24-120 with 13.6g/t AuEq over 0.5 metres and 12.0g/t AuEq over 0.6 metres. The drilling program completed 24 core holes totaling 10,543 metres across various targets. New drilling continues at the No. 3 Vein North target, with seven core holes completed of 14 planned.
Equity Metals (TSXV: EQTY) reports continued high-grade silver intersections at the Camp Deposit and new Camp North target on its Silver Queen Au-Ag project in British Columbia. Key findings include:
1) A 0.7m interval grading 18.4g/t AuEq at Camp Deposit
2) A 1.8m interval averaging 10.2g/t AuEq at Camp North Target
3) Continued mineralization at George Lake target
The company has begun its Fall '24 drilling program, focusing on the No.3 Vein North area with up to 5,000m planned. The Summer '24 program completed 24 core holes totaling 10,543 metres across multiple targets. VP Exploration Rob Macdonald highlighted the exploration potential and ongoing resource expansion opportunities.
Equity Metals (TSXV: EQTY) reports significant drilling results from its Silver Queen Au-Ag project in British Columbia. Bonanza-grade silver was intersected at the Camp Deposit, with highlights including:
- 7,099g/t Ag over 0.7m within 1,501g/t Ag over 3.5m in hole SQ24-124
- 1,156g/t Ag over 0.7m within 484g/t Ag over 2.3m in hole SQ24-123
At the George Lake target, bonanza-grade gold was encountered:
- 58.2g/t Au over 0.4m in hole SQ24-113
- 17.1g/t AuEq over 0.5m in hole SQ24-111
The company completed 24 core holes totaling 10,543 metres in its Summer '24 program. Drilling is paused for August to analyze results and will resume in mid-September.
Equity Metals (TSXV: EQTY) has reported initial 2024 drill results from the George Lake target at its 100% owned Silver Queen Au-Ag project in British Columbia. The drilling program, which began in May, has completed 20 core holes totaling 7,553 meters, testing a 550-meter strike length of the George Lake structure to depths of up to 400 meters below surface.
Key highlights include:
- Drill hole SQ23-105: 8.8 meters averaging 324g/t AgEq, including 1.2 meters of 1189g/t AgEq
- Drill hole SQ23-107: 2.7 meters averaging 265g/t AgEq
These results confirm the lateral projection and continuity of mineralization in the George Lake structure. The company plans to continue exploration drilling to further extend the mineralization and test the structure to greater depths.
Equity Metals (TSXV: EQTY) has initiated its 2024 Drill Program on the Silver Queen Ag-Au project in British Columbia. Up to 6,500 meters of drilling are planned to focus on the George Lake vein system, with additional targets being developed for drilling in 2024. A successful 2023 drill program confirmed the potential of the George Lake target, showing high-grade mineralization and further expansion possibilities.
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