Equity Metals (EQTY.V) has kicked off its 2023 drill program on the flagship Silver Queen project. The initial phase will focus on a 200 meter long extension of two veins in the Camp target and will predominantly focus on the western side of the area where the company encountered ultra high-grade mineralization in 2022 (with assay results of 0.9 meters true width containing 3,136 g/t silver-equivalent within a broader interval of 5.2 meters true width containing 778 g/t silver-equivalent).
As the intervals in that are of the Camp Vein target also encountered relatively high gold values, it will be interesting to see if the gold grades continue to pick up as the drill rig moves further west. There appears to be some low hanging fruit there which could help again to further increase the current resource estimate (which already doubled the known resources at the end of last year). The team’s exploration programs since taking control of the asset have now identified in excess of 20 veins on the property and the current resource of 63 million ounces silver-equivalent in the indicated category and 22.5 million ounces silver-equivalent in the inferred category) is based on the thorough exploration of just four of those veins (and as the Camp Vein exploration indicated, there is additional exploration potential on the known four veins).
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