By Ronald Wortel, MBA, P. Eng.
READ THE FULL EQMEF RESEARCH REPORT
Equity Metals Corporation (OTCQB:EQMEF) (TSXV:EQTY) (FSE:EGSD) is a Vancouver-based junior exploration company strategically focused on advancing high-grade precious metal assets in tier-one Canadian jurisdictions. Equity Metals’ actions combine technical rigor, financial discipline, and sustainability-driven processes to unlock shareholder value through aggressive exploration and resource expansion. The Company’s flagship asset is the 100%-owned Silver Queen gold-silver property in British Columbia’s Omineca Mining Division, a brownfields site with over a century of exploration history, historical production, and robust infrastructure, including road, rail, power, and underground access.
Silver Queen already hosts a significant compliant resource of over 85 million ounces combined of silver equivalent within an estimate published on Dec 1, 2022. The Company has now completed another three years of resource and exploration drilling totaling 35,257 m on the project and expects to update this resource. We expect this additional ~C$8.4 million in work to potentially more than double this total due to the low finding costs estimated at only C$0.15/oz silver equivalent. This resource expansion supports our $0.80 per share fair valuation estimate for the Company.
Silver prices recently broke through US$50/oz for the first time in over 45 years as the precious metals are looking to make new highs, with gold going through US$4000/oz for the first time this past week. In this backdrop, exploring and building resources in a Tier 1 jurisdiction should attract new interest to this story, as it can deliver spectacular results, as illustrated below in core samples from Silver Queen.
The Company’s Arlington Project marks a strategic expansion of Equity Metals’ exploration footprint into southern British Columbia’s Beaverdell-Boundary District, offering a compelling greenfield opportunity to complement the Company’s flagship Silver Queen asset. Acquired under a 100% earn-in agreement with no underlying royalties, the 5,387-hectare property targets epithermal gold-silver-copper mineralization within a historically underexplored yet geologically fertile corridor. Arlington’s value proposition lies in its scale, structural complexity, and early-stage results that suggest significant upside potential, providing another venue for value and news generation in a competitive junior mining market.
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