Equity Metals extends No. 3 Vein to depth at Silver Queen Project, British Columbia

Equity Metals Corp. [TSXV: EQTY; FSE: EGSD; OTCQB: EQMEF] reported new precious and base metal assays from the Summer 2025 drill program on its 100%-owned Silver Queen Au-Ag project, British Columbia, which continue to extend the projection of mineralization in the No. 3 Vein beyond the limits of the company’s 2022 resource estimate.

Assay highlights from the latest drilling include: A 1.3-metre (Est. TT) interval averaging 4.7 g/t Au, 471 g/t Ag, 2.5% Cu, 0.3% Pb and 1.5% Zn (1,128 g/t AgEq or 15.6 g/t AuEq), including a 0.7-metre (est. TT) interval grading 8.9 g/t Au, 890 g/t Ag, 4.8% Cu, 0.3% Pb and 0.2% Zn (2,042 g/t AgEq or 28.2 g/t AuEq) from SQ25-160; and a 1.7-metre (Est. TT) interval averaging 0.2 g/t Au, 519 g/t Ag, 0.1% Cu, 2.8% Pb and 9.5% Zn (910 g/t AgEq or 12.6g/t AuEq), including 0.4-metre (est. TT) interval grading 2,026 g/t Ag, 0.1% Cu, 7.9% Pb and 14.5% Zn (2,687 g/t AgEq or 37.1 g/t AuEq) from SQ25-164.

Drilling continues to extend mineralization along strike and to depth along the northwest extension of the No. 3 vein and has now tested down-dip of previously released high-grade intercepts from 2024 drilling (eg: SQ24-136: 7.6 metres est TT. averaging 431 g/t AgEq and along strike of intercepts from earlier in 2025 (eg: SQ25-148: 3.5 metres averaging 536 g/t AgEq.

Mineralization now extends to depths of 450 metres below surface. Multiple veins have been intersected in most of these holes, including veins that have historically been identified as the No. 3 and No. 2 veins. Several additional hangingwall and footwall intercepts have been identified and drilling continues to provide definition to each of the vein sets and mineralized segments.

Of note, mineralization related to the No. 3 Vein is adjacent to historical mine workings, providing potential access advantages in any future development scenarios.

VP Exploration Rob Macdonald commented, “The Summer ’25 drill program successfully extended mineralization in the No. 3 and No. 2 vein sets for up to 650 metres laterally and to depths of 450 metres below surface. Mineralization identified in the current drill program continues to expand and develop continuity within the vein sets and is accretive to previously modelled mineral resources on the Silver Queen Project. Work in 2025 will continue to incorporate the new drill data into a revised exploration and resource model, in anticipation of a Mineral Resource update to be prepared in Q1 ’26, and to continue exploration on the ever-expanding Silver Queen vein system in 2026.”

Twenty-one core holes totalling 8,143 metres were drilled on the No. 3 North target. Assays have been returned from 19 holes. Assays from two holes which tested the furthest lateral projections of the No. 2 and No. 3 vein sets, are pending. A short sampling surface program consisting of reconnaissance soil and stream sediment samples was completed. The program was designed to investigate several district-scale targets outboard from the No. 3 Vein system in preparation of potential drill testing in 2026.

The No. 3 Vein system contains the single largest resource currently identified on the Silver Queen property, and along with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resource on a AgEq basis. Extensions to the No. 3 Vein should be highly accretive to the current mineral resource.

The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein and the George Lake Vein, as well as camp infrastructure and a maintained Tailings Facility.

The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,871ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under-explored.

Equity Metals Corp. is a member of the Malaspina-Manex Group. The company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated.