Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC

Original announcement by orestocks on

Company
Equity Metals Corporation
Ticker
EQTY.V
Exchange
Unavailable
Region
British Columbia, Canada
Primary commodity
Silver
Secondary commodities
Gold, Copper, Lead, Zinc
Document categories
Resource update
Extracted
2026-09-16 14:54:40 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Equity Metals announced a significant update to the Mineral Resource Estimate for its Silver Queen Project in British Columbia, effective September 11, 2026. The new estimate reports 3.57 Mt Indicated resources at 184 g/t Ag and 1.8 g/t Au, and 5.16 Mt Inferred resources at 104 g/t Ag and 0.7 g/t Au, representing a 3% and 169% increase in Indicated and Inferred tonnages respectively. The NI 43-101 compliant MRE incorporates new drilling, a new zone, and utilizes a C$122/t NSR cut-off with detailed economic assumptions.

Reasoning: Equity Metals announced a new, significantly larger Mineral Resource Estimate for its Silver Queen Project, incorporating new drilling and a new zone. The estimate is NI 43-101 compliant with transparent economic assumptions, indicating strong growth in the project's resource base, although a large portion remains in the Inferred category.

Positive factors

  • Significant increase in total resource tonnage, especially Inferred
  • New George Lake Zone incorporated
  • NI 43-101 compliant and QP signed
  • Detailed NSR cut-off and metal equivalent assumptions disclosed
  • Stope optimization model used for RPEEE

Negative factors

  • High proportion of Inferred resources (59% of tonnage)
  • No prior grade or contained metal figures provided for the 2022 MRE for direct comparison

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 51

Classification and evidence

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces an updated Mineral Resource Estimate for the Silver Queen Project.

Evidence · text

“Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The MRE was completed in accordance with National Instrument 43-101.

Evidence · text

“updated Independent Mineral Resource Estimate ("MRE") in accordance with National Instrument 43-101 ("NI 43-101")”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Independent Qualified Persons Garth Kirkham, Eugene Puritch, and Fred Brown prepared and approved the MRE.

Evidence · text

“The current Mineral Resource Estimate was prepared by Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd and Eugene Puritch, P. Eng., FEC, CET and Fred Brown, P, Geo. of P&E Mining Consultants Inc. ("P&E"), Independent Qualified Persons ("QP"), as defined by National instrument 43-101.”

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: Indicated and Inferred tonnages increased by approximately 3% and 169% respectively.

Evidence · text

“The updated MRE increases Indicated and Inferred tonnages by approximately 3% and 169%respectively”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Inferred Mineral Resources show significant increases in contained silver (+68%), gold (+132%), and zinc (+124%).

Evidence · text

“The Inferred Mineral Resources feature a significant increase in both tonnage, as well as in contained silver (+68%), gold (+132%) and zinc (+124%).”

Inferred Heavynegative · Story-specific tag

No canonical definition is currently available.

Why it applies: Approximately 59% of the Mineral Resources are classified as Inferred Resources on a tonnage basis.

Evidence · text

“Approximately 59%of the Mineral Resources are classified as Inferred Resources on a tonnage basis.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: A Net Smelter Return (NSR) cut-off of C$122/t is clearly stated.

Evidence · text

“The MRE utilizes a Net Smelter Return ("NSR") cut-off at C$122/t”

Metal Equivalent Transparentpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Metal equivalent calculations are explained with disclosed metal prices and process recoveries.

Evidence · text

“Silver and Gold Equivalents and NSR C$/t values were calculated using average long-term prices of $38/oz silver, $3,200oz gold, $4.75/lb copper, $0.95/lb lead and $1.35/lb zinc. All metal prices are stated in $USD. The C$122/tonne NSR cut-off value for the underground Mineral Resource was derived from mining costs of C$85/t, with site process costs of C$25/t and G&A of C$12/t. Process recoveries from 2022 metallurgical test work were Au 55%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.”

Underground Miningneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: The NSR cut-off value is explicitly stated for the underground Mineral Resource.

Evidence · text

“The C$122/tonne NSR cut-off value for the underground Mineral Resource was derived from mining costs of C$85/t”

Epithermal Depositneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: Mineralization is hosted by a series of epithermal veins.

Evidence · text

“Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area.”

Extracted facts

Stored fact records: 51. Some facts used in scoring do not have a stored record.

Resource Estimates (51)

indicatedSilver Queen Project · silverTonnes: 2977000Grade: 152Grade Unit: g/tContained Metal: 14532Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Grade
152
Grade Unit
g/t
Contained Metal
14532
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: This Indicated resource for the No. 3 - NG3 zone shows a strong silver grade and contributes significantly to the overall resource increase, indicating good confidence in this part of the deposit.

Positive factors

  • Indicated resource category
  • Strong silver grade
  • Part of overall resource growth

Evidence · table

“152”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · goldTonnes: 2977000Grade: 2.15Grade Unit: g/tContained Metal: 206Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Grade
2.15
Grade Unit
g/t
Contained Metal
206
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated gold grade for the No. 3 - NG3 zone is on the weaker side for underground operations, but still contributes to the overall resource and confidence.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Weak gold grade for underground mining

Evidence · table

“2.15”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · copperTonnes: 2977000Grade: 0.29Grade Unit: %Contained Metal: 19Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Grade
0.29
Grade Unit
%
Contained Metal
19
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated copper grade for the No. 3 - NG3 zone is weak, but contributes to the polymetallic nature of the resource.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Weak copper grade

Evidence · table

“0.29”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · leadTonnes: 2977000Grade: 0.8Grade Unit: %Contained Metal: 51Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Grade
0.8
Grade Unit
%
Contained Metal
51
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated lead grade for the No. 3 - NG3 zone is weak, but adds to the polymetallic value of the resource.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Weak lead grade

Evidence · table

“0.8”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · zincTonnes: 2977000Grade: 4.3Grade Unit: %Contained Metal: 284.6Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Grade
4.3
Grade Unit
%
Contained Metal
284.6
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated zinc grade for the No. 3 - NG3 zone is weak, but contributes to the overall polymetallic resource.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Weak zinc grade

Evidence · table

“4.3”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · silverTonnes: 2977000Contained Metal: 41091Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Contained Metal
41091
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
429
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated silver equivalent grade for the No. 3 - NG3 zone is strong, highlighting the combined value of the polymetallic mineralization.

Positive factors

  • Indicated resource category
  • Strong silver equivalent grade
  • Part of overall resource growth

Evidence · table

“429”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · goldTonnes: 2977000Contained Metal: 622Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:8d52349cef6de8987c36
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
indicated
Tonnes
2977000
Contained Metal
622
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
6.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated gold equivalent grade for the No. 3 - NG3 zone is moderate, reflecting the combined value of the polymetallic mineralization.

Positive factors

  • Indicated resource category
  • Moderate gold equivalent grade
  • Part of overall resource growth

Evidence · table

“6.5”

Context: 2,977

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · silverTonnes: 588000Grade: 344Grade Unit: g/tContained Metal: 6505Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Grade
344
Grade Unit
g/t
Contained Metal
6505
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: This Indicated resource for the Camp - Sveinson zone shows an exceptional silver grade, contributing significantly to the overall resource increase.

Positive factors

  • Indicated resource category
  • Exceptional silver grade
  • Part of overall resource growth

Evidence · table

“344”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · goldTonnes: 588000Grade: 0.24Grade Unit: g/tContained Metal: 5Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Grade
0.24
Grade Unit
g/t
Contained Metal
5
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated gold grade for the Camp - Sveinson zone is very weak, but the zone is high in silver.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Very weak gold grade for underground mining

Evidence · table

“0.24”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · copperTonnes: 588000Grade: 0.12Grade Unit: %Contained Metal: 1.6Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Grade
0.12
Grade Unit
%
Contained Metal
1.6
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated copper grade for the Camp - Sveinson zone is very weak, but contributes to the polymetallic nature of the resource.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Very weak copper grade

Evidence · table

“0.12”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · leadTonnes: 588000Grade: 0.3Grade Unit: %Contained Metal: 3.9Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Grade
0.3
Grade Unit
%
Contained Metal
3.9
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated lead grade for the Camp - Sveinson zone is very weak, but adds to the polymetallic value of the resource.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Very weak lead grade

Evidence · table

“0.3”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · zincTonnes: 588000Grade: 1.1Grade Unit: %Contained Metal: 14.7Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Grade
1.1
Grade Unit
%
Contained Metal
14.7
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated zinc grade for the Camp - Sveinson zone is very weak, but contributes to the overall polymetallic resource.

Positive factors

  • Indicated resource category
  • Part of overall resource growth

Negative factors

  • Very weak zinc grade

Evidence · table

“1.1”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · silverTonnes: 588000Contained Metal: 7580Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Contained Metal
7580
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
401
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated silver equivalent grade for the Camp - Sveinson zone is strong, highlighting the combined value of the polymetallic mineralization.

Positive factors

  • Indicated resource category
  • Strong silver equivalent grade
  • Part of overall resource growth

Evidence · table

“401”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · goldTonnes: 588000Contained Metal: 115Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:e6110369c19691349387
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
indicated
Tonnes
588000
Contained Metal
115
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
6.1
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Indicated gold equivalent grade for the Camp - Sveinson zone is moderate, reflecting the combined value of the polymetallic mineralization.

Positive factors

  • Indicated resource category
  • Moderate gold equivalent grade
  • Part of overall resource growth

Evidence · table

“6.1”

Context: 588

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · silverTonnes: 3565000Grade: 184Grade Unit: g/tContained Metal: 21037Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Grade
184
Grade Unit
g/t
Contained Metal
21037
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated silver resource shows a moderate grade and a 3% increase in tonnage, contributing positively to the project's confidence.

Positive factors

  • Indicated resource category
  • Moderate silver grade
  • Overall tonnage growth for Indicated resources

Evidence · table

“184”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · goldTonnes: 3565000Grade: 1.8Grade Unit: g/tContained Metal: 210Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Grade
1.8
Grade Unit
g/t
Contained Metal
210
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated gold resource shows a weak grade for underground mining, but is part of the overall resource growth.

Positive factors

  • Indicated resource category
  • Overall tonnage growth for Indicated resources

Negative factors

  • Weak gold grade for underground mining

Evidence · table

“1.8”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · copperTonnes: 3565000Grade: 0.3Grade Unit: %Contained Metal: 21Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Grade
0.3
Grade Unit
%
Contained Metal
21
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated copper resource shows a weak grade, but contributes to the polymetallic nature of the project.

Positive factors

  • Indicated resource category
  • Overall tonnage growth for Indicated resources

Negative factors

  • Weak copper grade

Evidence · table

“0.3”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · leadTonnes: 3565000Grade: 0.7Grade Unit: %Contained Metal: 55Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Grade
0.7
Grade Unit
%
Contained Metal
55
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated lead resource shows a weak grade, but adds to the polymetallic value of the project.

Positive factors

  • Indicated resource category
  • Overall tonnage growth for Indicated resources

Negative factors

  • Weak lead grade

Evidence · table

“0.7”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · zincTonnes: 3565000Grade: 3.8Grade Unit: %Contained Metal: 299Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Grade
3.8
Grade Unit
%
Contained Metal
299
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated zinc resource shows a weak grade, but contributes to the overall polymetallic resource.

Positive factors

  • Indicated resource category
  • Overall tonnage growth for Indicated resources

Negative factors

  • Weak zinc grade

Evidence · table

“3.8”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · silverTonnes: 3565000Contained Metal: 48671Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Contained Metal
48671
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Metal Eq. Grade
425
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated silver equivalent resource shows a strong grade and tonnage growth, highlighting the project's overall value.

Positive factors

  • Indicated resource category
  • Strong silver equivalent grade
  • Overall tonnage growth for Indicated resources

Evidence · table

“425”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · goldTonnes: 3565000Contained Metal: 737Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:a1a57afa034cd7315125
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3565000
Contained Metal
737
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
3466000

Metal Equivalent

Metal Eq. Grade
6.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Indicated gold equivalent resource shows a moderate grade and tonnage growth, reflecting the project's overall value.

Positive factors

  • Indicated resource category
  • Moderate gold equivalent grade
  • Overall tonnage growth for Indicated resources

Evidence · table

“6.4”

Context: 3,565

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 2693000Grade: 61Grade Unit: g/tContained Metal: 5293Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Grade
61
Grade Unit
g/t
Contained Metal
5293
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: This Inferred resource for the No. 3 - NG3 zone contributes significantly to the overall Inferred tonnage growth, but has a moderate silver grade and lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Moderate silver grade

Evidence · table

“61”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 2693000Grade: 0.79Grade Unit: g/tContained Metal: 69Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Grade
0.79
Grade Unit
g/t
Contained Metal
69
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred gold grade for the No. 3 - NG3 zone is weak for underground operations, and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak gold grade for underground mining

Evidence · table

“0.79”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · copperTonnes: 2693000Grade: 0.17Grade Unit: %Contained Metal: 9.9Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Grade
0.17
Grade Unit
%
Contained Metal
9.9
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred copper grade for the No. 3 - NG3 zone is weak and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak copper grade

Evidence · table

“0.17”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · leadTonnes: 2693000Grade: 0.4Grade Unit: %Contained Metal: 22.8Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Grade
0.4
Grade Unit
%
Contained Metal
22.8
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred lead grade for the No. 3 - NG3 zone is weak and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak lead grade

Evidence · table

“0.4”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · zincTonnes: 2693000Grade: 1.9Grade Unit: %Contained Metal: 112.9Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Grade
1.9
Grade Unit
%
Contained Metal
112.9
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred zinc grade for the No. 3 - NG3 zone is weak and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak zinc grade

Evidence · table

“1.9”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 2693000Contained Metal: 15341Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Contained Metal
15341
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
177
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred silver equivalent grade for the No. 3 - NG3 zone is strong, contributing significantly to the overall Inferred resource, but with lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth
  • Strong silver equivalent grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“177”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 2693000Contained Metal: 232Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:f9b151ca1fca193069b2
Deposit or zone
No. 3 - NG3
Mining method
underground

Resource Data

Category
inferred
Tonnes
2693000
Contained Metal
232
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
2.7
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred gold equivalent grade for the No. 3 - NG3 zone is moderate, contributing significantly to the overall Inferred resource, but with lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth
  • Moderate gold equivalent grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“2.7”

Context: 2,693

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 592000Grade: 66Grade Unit: g/tContained Metal: 1262Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Grade
66
Grade Unit
g/t
Contained Metal
1262
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing moderate silver grade and contributing to the overall resource growth, but with lower confidence due to its category.

Positive factors

  • New zone added to the resource
  • Moderate silver grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“66”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 592000Grade: 0.9Grade Unit: g/tContained Metal: 17Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Grade
0.9
Grade Unit
g/t
Contained Metal
17
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing a weak gold grade for underground operations and lower confidence due to its category.

Positive factors

  • New zone added to the resource

Negative factors

  • Inferred resource category (lower confidence)
  • Weak gold grade for underground mining

Evidence · table

“0.90”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · copperTonnes: 592000Grade: 0.21Grade Unit: %Contained Metal: 2.8Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Grade
0.21
Grade Unit
%
Contained Metal
2.8
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing a weak copper grade and lower confidence due to its category.

Positive factors

  • New zone added to the resource

Negative factors

  • Inferred resource category (lower confidence)
  • Weak copper grade

Evidence · table

“0.21”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · leadTonnes: 592000Grade: 0.6Grade Unit: %Contained Metal: 7.8Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Grade
0.6
Grade Unit
%
Contained Metal
7.8
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing a weak lead grade and lower confidence due to its category.

Positive factors

  • New zone added to the resource

Negative factors

  • Inferred resource category (lower confidence)
  • Weak lead grade

Evidence · table

“0.6”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · zincTonnes: 592000Grade: 1.5Grade Unit: %Contained Metal: 19.5Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Grade
1.5
Grade Unit
%
Contained Metal
19.5
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing a weak zinc grade and lower confidence due to its category.

Positive factors

  • New zone added to the resource

Negative factors

  • Inferred resource category (lower confidence)
  • Weak zinc grade

Evidence · table

“1.5”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 592000Contained Metal: 3567Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Contained Metal
3567
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
187
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing a strong silver equivalent grade, but with lower confidence due to its category.

Positive factors

  • New zone added to the resource
  • Strong silver equivalent grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“187”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 592000Contained Metal: 54Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:d4da47d52317032adfc6
Deposit or zone
George Lk.
Mining method
underground

Resource Data

Category
inferred
Tonnes
592000
Contained Metal
54
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
2.8
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The George Lake zone is a new addition to the Inferred resource, showing a moderate gold equivalent grade, but with lower confidence due to its category.

Positive factors

  • New zone added to the resource
  • Moderate gold equivalent grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“2.8”

Context: 592

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 1872000Grade: 179Grade Unit: g/tContained Metal: 10759Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Grade
179
Grade Unit
g/t
Contained Metal
10759
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: This Inferred resource for the Camp - Sveinson zone shows a strong silver grade and contributes significantly to the overall Inferred tonnage growth, but with lower confidence due to its category.

Positive factors

  • Strong silver grade
  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“179”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 1872000Grade: 0.52Grade Unit: g/tContained Metal: 31Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Grade
0.52
Grade Unit
g/t
Contained Metal
31
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred gold grade for the Camp - Sveinson zone is weak for underground operations and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak gold grade for underground mining

Evidence · table

“0.52”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · copperTonnes: 1872000Grade: 0.19Grade Unit: %Contained Metal: 8Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Grade
0.19
Grade Unit
%
Contained Metal
8
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred copper grade for the Camp - Sveinson zone is weak and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak copper grade

Evidence · table

“0.19”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · leadTonnes: 1872000Grade: 0.4Grade Unit: %Contained Metal: 15.6Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Grade
0.4
Grade Unit
%
Contained Metal
15.6
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred lead grade for the Camp - Sveinson zone is weak and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak lead grade

Evidence · table

“0.4”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · zincTonnes: 1872000Grade: 1.4Grade Unit: %Contained Metal: 55.9Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Grade
1.4
Grade Unit
%
Contained Metal
55.9
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred zinc grade for the Camp - Sveinson zone is weak and has lower confidence due to its category.

Positive factors

  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)
  • Weak zinc grade

Evidence · table

“1.4”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 1872000Contained Metal: 16042Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Contained Metal
16042
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
267
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred silver equivalent grade for the Camp - Sveinson zone is strong, contributing significantly to the overall Inferred resource, but with lower confidence due to its category.

Positive factors

  • Strong silver equivalent grade
  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“267”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 1872000Contained Metal: 243Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:00251186861827c08836
Deposit or zone
Camp - Sveinson
Mining method
underground

Resource Data

Category
inferred
Tonnes
1872000
Contained Metal
243
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11

Metal Equivalent

Metal Eq. Grade
4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The Inferred gold equivalent grade for the Camp - Sveinson zone is moderate, contributing significantly to the overall Inferred resource, but with lower confidence due to its category.

Positive factors

  • Moderate gold equivalent grade
  • Significant contribution to Inferred resource growth

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“4.0”

Context: 1,872

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 5157000Grade: 104Grade Unit: g/tContained Metal: 17314Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Grade
104
Grade Unit
g/t
Contained Metal
17314
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred silver resource shows a moderate grade and a significant 169% increase in tonnage, indicating strong exploration success but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)
  • Moderate silver grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“104”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 5157000Grade: 0.7Grade Unit: g/tContained Metal: 117Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Grade
0.7
Grade Unit
g/t
Contained Metal
117
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred gold resource shows a weak grade for underground operations, but a significant 169% increase in tonnage, indicating strong exploration success but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)

Negative factors

  • Inferred resource category (lower confidence)
  • Weak gold grade for underground mining

Evidence · table

“0.7”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · copperTonnes: 5157000Grade: 0.2Grade Unit: %Contained Metal: 21Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Grade
0.2
Grade Unit
%
Contained Metal
21
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred copper resource shows a weak grade, but a significant 169% increase in tonnage, contributing to the polymetallic nature of the project but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)

Negative factors

  • Inferred resource category (lower confidence)
  • Weak copper grade

Evidence · table

“0.2”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · leadTonnes: 5157000Grade: 0.4Grade Unit: %Contained Metal: 46Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
lead
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Grade
0.4
Grade Unit
%
Contained Metal
46
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred lead resource shows a weak grade, but a significant 169% increase in tonnage, contributing to the polymetallic nature of the project but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)

Negative factors

  • Inferred resource category (lower confidence)
  • Weak lead grade

Evidence · table

“0.4”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · zincTonnes: 5157000Grade: 1.7Grade Unit: %Contained Metal: 188Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Grade
1.7
Grade Unit
%
Contained Metal
188
Contained Unit
mlbs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred zinc resource shows a weak grade, but a significant 169% increase in tonnage, contributing to the polymetallic nature of the project but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)

Negative factors

  • Inferred resource category (lower confidence)
  • Weak zinc grade

Evidence · table

“1.7”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · silverTonnes: 5157000Contained Metal: 34950Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Contained Metal
34950
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Metal Eq. Grade
211
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred silver equivalent resource shows a strong grade and a significant 169% increase in tonnage, indicating strong exploration success but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)
  • Strong silver equivalent grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“211”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredSilver Queen Project · goldTonnes: 5157000Contained Metal: 529Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
gold
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:1fa1bb4b59f3b24917e8
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
5157000
Contained Metal
529
Contained Unit
kozs
Cutoff Grade
122
Cutoff Unit
C$/t NSR

Prior Estimate

Resource Date
2026-09-11
Prior Tonnes
1920000

Metal Equivalent

Metal Eq. Grade
3.2
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: The total Inferred gold equivalent resource shows a moderate grade and a significant 169% increase in tonnage, indicating strong exploration success but with lower confidence due to its category.

Positive factors

  • Significant increase in Inferred tonnage (169%)
  • Moderate gold equivalent grade

Negative factors

  • Inferred resource category (lower confidence)

Evidence · table

“3.2”

Context: 5,157

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedSilver Queen Project · silverTonnes: 3466000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2022-12-01T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Resource group id
resource:41ecc223dd1792435ae6
Deposit or zone
Total
Mining method
underground

Resource Data

Category
indicated
Tonnes
3466000

Prior Estimate

Resource Date
2022-12-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-12-01T00:00:00.000Z

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: This is a historical Indicated resource tonnage from the 2022 MRE, provided for comparison but superseded by the current estimate. No grade or contained metal details are available in this document.

Negative factors

  • Historical estimate, superseded by new MRE
  • No grade or contained metal information provided in this document

Evidence · text

“The updated MRE increases Indicated and Inferred tonnages by approximately 3% and 169%respectively”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.8 years before this release

inferredSilver Queen Project · silverTonnes: 1920000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Silver Queen Project
Commodity
silver
Region
canada_bc
Reported Region
British Columbia, Canada
Ticker
EQTY.V

Resource scope

Estimate type
resource
Effective date
2022-12-01T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Resource group id
resource:544e0ccdb424f0205659
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
1920000

Prior Estimate

Resource Date
2022-12-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-12-01T00:00:00.000Z

Dates

Event date
2026-09-16T00:00:00.000Z

Reasoning: This is a historical Inferred resource tonnage from the 2022 MRE, provided for comparison but superseded by the current estimate. No grade or contained metal details are available in this document.

Negative factors

  • Historical estimate, superseded by new MRE
  • No grade or contained metal information provided in this document

Evidence · text

“Inferred Resource tonnage (1.92Mt to 5.16Mt) compared to the 2022 historical Resource estimate”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.8 years before this release

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.