Equity Metals Corporation (TSXV: EQTY) has obtained promising drill results from the eastern portion of the Sveinson target on the Silver Queen property, British Columbia.
Additional assays are pending for the western portion of the Sveinson target and are expected in the coming weeks. The Sveinson target consists of a series of east-west striking veins that lie between the No. 3 and Camp targets. The new holes returned multiple high-grade gold-silver-polymetallic intercepts, including:
- a 0.5 metre interval grading 13.8g/t Au, 321g/t Ag, 0.8% Cu, 1.6% Pb and 12.4% Zn (1,956g/t AgEq) within a 1.6 metre interval averaging 5.1g/t Au, 120g/t Ag, 0.3% Cu, 0.8% Pb and 4.0% Zn (711g/t AgEq) from drill hole SQ21-051; and
- a 2.3 metre interval grading 2.8g/t Au, 37g/t Ag, 1.7% Pb and 5.9% Zn (538g/t AgEq) withina 5.3 metre interval averaging 1.9g/t Au, 23g/t Ag, 1.0% Pb and 3.2% Zn (324g/t AgEq) from drill hole SQ21-052.
The drill intercepts are from the first six of twelve core holes which tested the eastern half of the 1-kilometre long Sveinson target during the Fall of 2021.
Drilling was widely spaced, but successfully intersected multiple shallow veins at less than 100 metres below surface, as well as several deeper vein intercepts at over 350 metres below surface. Veins were intersected across the full 150-metre width of the Sveinson structural zone, with preliminary 3D modeling indicating continuity between holes.
The Sveinson target is a broad east-west-trending structural zone which forms the transition from the strongly silver-enriched Camp target to the west into the gold-enriched southern portion of the No. 3 target to the east. Four separate veins, initially modelled from the Camp target, project into the Sveinson target and are primary targets of this most recent drill testing.
“The identification of several new shallow veins in drilling on the eastern Sveinson target helps confirm the lateral projection of mineralised structures from the 2019 Resource contained in the No. 3 vein westward to the company’s recent resource-delineation drilling at the Camp Vein target,” VP Exploration, Rob Macdonald, said.
“Assays from the western Sveinson target are pending, and mineralisation remains open both laterally and at depth for further drill testing in 2022.”
Northern Winter drilling is underway on the NG-3 Vein system, located east of the No. 3 target. Up to nine holes, totalling 4000 metres, are planned for the NG-3 and other targets during this phase.
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