Impact: Positive
Equity Metals (EQTY) reported additional high-grade assays from drilling on the eastern end of the Camp Vein target at its 18,852 ha, flagship Silver Queen project in British Columbia. Silver Queen has good infrastructure access, >9,000m of historical underground mine development, and is located in a mining-friendly region, surrounded by various other advanced exploration and mining projects, including those owned by Newmont (NYSE:NEM, Not Rated) and Imperial Metals (TSX:III, Not Rated). These strong results continue to demonstrate the grade potential and continuity at Camp Vein, while also encountering a previously unknown zone of high-grade, near-surface mineralization. We believe that further assays remain a catalyst in the near term, with assays pending for 13 holes completed during November-December 2021.
