Equity Metals Corporation
Drilling Expands Resources by at Least 30%
Published: 2/16/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
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 |
| 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 |
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).
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.09 |
| Fair Value | US $0.3 |
| Risk | 5 |
| 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 |
