Equity Metals is advancing its 100% owned Silver Queen high-grade gold and polymetallic project in B.C. Multiple bonanza silver grades were intercepted on one of the targets, including 0.3 m of 56,291 gpt AgEq (gold equivalent), 0.3 m of 14,035 g/t, and 0.6m grading 7,611g/t AgEq.
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EQTY is trading at $29/oz vs an average of $61 for gold juniors. EQTY is trading at $0.32/oz vs an average of $0.86 for silver juniors.
Two types of deposits have been identified on the property: high-grade epithermal vein systems, and copper-molybdenum porphyry mineralization. A 2019 resource estimate (veins) showed 244 Koz AuEq indicated, and 193 Koz inferred. Management’s near-term target is to delineate a 1+ Moz resource.
2020-2021 drilling confirmed high-grade mineralization in four targets (Camp, No. 5, No. 3, and NG-3 vein systems).
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Very informative