Drilling Expands Resources by at Least 30%

Published: 2/16/2024

Author: Sid Rajeev, B.Tech, CFA, MBA

Thumbnail of the report Drilling Expands Resources by at Least 30%

*This report and research coverage is paid for and commissioned by Equity Metals Corporation - See the bottom of this report for other important disclosures rating, and risk definitions. All figures in C$ unless otherwise specified.

Sector: Basic Materials | Industry: Other Precious Metals & Mining

Ticker Symbols:EQMEF - NASDAQ 🔹EQTY.V - TSX 🔹

Rating and Key Data

Metrics	Value
Current Price	US $0.09
Fair Value	US $0.3
Risk	5
52 Week Range	US $0.08-0.28
Shares O/S (M)	157
Market Cap. (M)	US $14
Current Yield (%)	n/a
P/E (forward)	n/a
P/B	3.8

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Report Highlights

Highlights

Since our previous report in December 2022, EQTY has completed a resource expansion drill program on its 100% owned Silver Queen gold-silver-polymetallic project in B.C. We believe the program has expanded the dimensions of the project’s mineralization by at least 30%.

The project hosts high-grade epithermal veins. Four of the 20 known veins host resources totaling 1.04 Moz AuEq (85 Moz AgEq) at 6.2 g/t AuEq (512 g/t AgEq).

We believe the recent drill program has identified additional resources at the Camp and Sveinson deposits, and confirmed mineralization at the George Lake and Cole Lake targets, which were not incl

Rating and Key Data