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

Original announcement by tmx on

Company
Equity Metals Corporation
Ticker
EQTY
Exchange
TSX
Region
British Columbia
Primary commodity
Silver
Secondary commodities
Gold, Copper, Lead, Zinc
Document categories
Resource update
Extracted
2026-09-21 18:21:42 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Equity Metals has announced a significant update to the Mineral Resource Estimate for its Silver Queen Project in British Columbia, Canada, effective September 11, 2026. The updated MRE reports 3.57 Mt of Indicated Resources at 425 g/t AgEq and 5.16 Mt of Inferred Resources at 211 g/t AgEq. This represents a 169% increase in Inferred tonnage and substantial growth in contained silver, gold, and zinc compared to the previous 2022 estimate, incorporating new drilling and a newly added zone.

Reasoning: The updated Mineral Resource Estimate (MRE) for the Silver Queen Project shows a significant 169% increase in Inferred tonnage and substantial growth in contained silver, gold, and zinc, driven by new drilling and the inclusion of a new zone. The MRE is NI 43-101 compliant with QP sign-off and transparent metal equivalent assumptions, enhancing the project's overall scale and potential, despite a large portion remaining in the Inferred category.

Positive factors

  • Significant increase in Inferred tonnage and contained metal
  • QP/CP signed
  • NI 43-101 compliant
  • Cut-off grade disclosed
  • Metal equivalent assumptions disclosed

Negative factors

  • High percentage of Inferred resources

Facts used in scoring: 35

Classification and evidence

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: The updated MRE increases Indicated and Inferred tonnages by approximately 3% and 169% respectively, with Inferred tonnage growing from 1.92Mt to 5.16Mt.

Evidence · text

“The updated MRE increases Indicated and Inferred tonnages by approximately 3% and 169% respectively with the increase being from the result of the northward extension to the No. 3 Vein set, the incorporation of verified mineralization in the George Lake Deposit, and lesser additions to mineralization in the Camp and Sveinson Vein sets. Approximately 41% of the Mineral Resources are classified as Indicated Resources on a per tonnage basis and 58% of the total on a AgEq metal basis reflecting the overall higher average grade (425g/t AgEq) of the MRE in the Indicated Resource classification . Approximately 59% of the Mineral Resources are classified as Inferred Resources on a tonnage basis . This reflects a significant increase in Inferred Resource tonnage ( 1.92Mt to 5.16Mt ) compared to the 2022 historical Resource estimate reflecting Equity Metals' focus over the last several years on exploration drilling and systematic Mineral Resource growth on the project rather than infill or definition drilling designed to upgrade Mineral Resource classification.”

Contained Metal Growthpositive

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

Why it applies: The Inferred Mineral Resources feature a significant increase 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% ).”

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: The 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., who are Independent Qualified Persons.

Evidence · text

“The independent Qualified Persons for the Mineral Resource Estimate disclosure for the Project are Garth Kirkham, P.Geo., Principal, 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 NI 43-101 who have prepared and approved the scientific and technical information related to the Mineral Resource Estimate disclosed in this news release.”

NI 43-101 Compliantpositive

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

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

Evidence · text

“Kirkham Geosystems Ltd ("KGL") and P&E Mining Consultants Inc. ("P&E") have completed an updated Independent Mineral Resource Estimate ("MRE") in accordance with National Instrument 43-101 ("NI 43-101")”

Cut-off Disclosedpositive

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

Why it applies: The MRE utilizes a Net Smelter Return ("NSR") cut-off at C$122/t.

Evidence · text

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

Inferred Resourcenegative

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

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

Evidence · text

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

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, superseding a previous 2022 MRE.

Evidence · text

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

Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

Resource Estimates (35)

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9ac883f09dace7aa0f76
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

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 Resource for the No. 3 - NG3 zone shows a high silver grade and significant contained metal, contributing positively to the overall resource update and demonstrating geological confidence.

Positive factors

  • High silver grade
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9ac883f09dace7aa0f76
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

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 Resource for gold in the No. 3 - NG3 zone presents a good grade and contained metal, contributing to the overall positive resource update.

Positive factors

  • Good gold grade for indicated resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9ac883f09dace7aa0f76
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: Copper contributes as a byproduct to the Indicated Resource in the No. 3 - NG3 zone, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9ac883f09dace7aa0f76
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: Lead contributes as a byproduct to the Indicated Resource in the No. 3 - NG3 zone, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9ac883f09dace7aa0f76
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: Zinc contributes a good grade and significant contained metal to the Indicated Resource in the No. 3 - NG3 zone, enhancing the polymetallic nature of the project.

Positive factors

  • Good zinc grade for indicated resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9e973e5b11625cecc533
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

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 Resource for the Camp - Sveinson zone shows a very high silver grade and significant contained metal, indicating a high-value component within the overall resource.

Positive factors

  • Very high silver grade
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9e973e5b11625cecc533
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

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 gold grade in the Indicated Resource for the Camp - Sveinson zone is relatively low, but contributes to the overall polymetallic nature of the resource.

Positive factors

  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9e973e5b11625cecc533
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: Copper contributes as a byproduct to the Indicated Resource in the Camp - Sveinson zone, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9e973e5b11625cecc533
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: Lead contributes as a byproduct to the Indicated Resource in the Camp - Sveinson zone, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9e973e5b11625cecc533
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: Zinc contributes as a byproduct to the Indicated Resource in the Camp - Sveinson zone, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:93ffeb380c6224090052
Deposit or zone
Total Indicated
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

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 Resource for silver shows a strong grade and significant contained metal, representing a substantial and confident portion of the overall resource.

Positive factors

  • High silver grade for indicated resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:93ffeb380c6224090052
Deposit or zone
Total Indicated
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

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 Resource for gold presents a good grade and significant contained metal, contributing substantially to the project's precious metal value.

Positive factors

  • Good gold grade for indicated resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:93ffeb380c6224090052
Deposit or zone
Total Indicated
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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Copper contributes as a byproduct to the total Indicated Resource, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:93ffeb380c6224090052
Deposit or zone
Total Indicated
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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Lead contributes as a byproduct to the total Indicated Resource, adding to the polymetallic value of the project.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

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

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:93ffeb380c6224090052
Deposit or zone
Total Indicated
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

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Zinc contributes a good grade and significant contained metal to the total Indicated Resource, enhancing the polymetallic nature of the project.

Positive factors

  • Good zinc grade for indicated resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

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

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:aa4da49926d6936f128d
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

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 Resource for silver in the No. 3 - NG3 zone shows good contained metal, but its classification as Inferred indicates a lower level of geological confidence.

Positive factors

  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:aa4da49926d6936f128d
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

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 Resource for gold in the No. 3 - NG3 zone contributes to the overall resource, but its lower confidence category limits its immediate economic viability.

Positive factors

  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:aa4da49926d6936f128d
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: Copper contributes as a byproduct to the Inferred Resource in the No. 3 - NG3 zone, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:aa4da49926d6936f128d
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: Lead contributes as a byproduct to the Inferred Resource in the No. 3 - NG3 zone, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:aa4da49926d6936f128d
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: Zinc contributes as a byproduct to the Inferred Resource in the No. 3 - NG3 zone, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:fbfa6eb53392e58435de
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

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 represents newly added mineralization to the Inferred Resource, contributing positively to the overall resource growth, though its classification as Inferred indicates lower confidence.

Positive factors

  • New mineralization added to resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:fbfa6eb53392e58435de
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

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 contributes new gold mineralization to the Inferred Resource, adding to the project's potential, but its lower confidence category limits immediate economic assessment.

Positive factors

  • New mineralization added to resource
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:fbfa6eb53392e58435de
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: Copper from the George Lake zone adds to the polymetallic Inferred Resource, but its lower confidence category limits its immediate economic viability.

Positive factors

  • New mineralization added to resource
  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:fbfa6eb53392e58435de
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: Lead from the George Lake zone adds to the polymetallic Inferred Resource, but its lower confidence category limits its immediate economic viability.

Positive factors

  • New mineralization added to resource
  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:fbfa6eb53392e58435de
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: Zinc from the George Lake zone adds to the polymetallic Inferred Resource, but its lower confidence category limits its immediate economic viability.

Positive factors

  • New mineralization added to resource
  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9eda2313cf77dd2d77ff
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

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 Resource for silver in the Camp - Sveinson zone shows a high grade and significant contained metal, contributing positively to the overall resource, but its classification as Inferred indicates lower confidence.

Positive factors

  • High silver grade for inferred resource
  • Significant contained metal
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9eda2313cf77dd2d77ff
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

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 gold grade in the Inferred Resource for the Camp - Sveinson zone is relatively low, and its lower confidence category limits its immediate economic viability.

Positive factors

  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9eda2313cf77dd2d77ff
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: Copper contributes as a byproduct to the Inferred Resource in the Camp - Sveinson zone, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9eda2313cf77dd2d77ff
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: Lead contributes as a byproduct to the Inferred Resource in the Camp - Sveinson zone, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:9eda2313cf77dd2d77ff
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: Zinc contributes as a byproduct to the Inferred Resource in the Camp - Sveinson zone, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Identity

Project
Silver Queen
Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:164b4f2eea7023ac1462
Deposit or zone
Total Inferred
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
Prior Contained Metal
10306

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 Resource for silver shows a significant increase in both tonnage and contained metal compared to the prior estimate, indicating substantial growth in the project's potential, though it remains in the lower confidence Inferred category.

Positive factors

  • Significant increase in contained metal
  • Significant tonnage growth
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Contained Metal Growthpositive

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

Why it applies: 17314 against 10306 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 · goldTonnes: 5157000Grade: 0.7Grade Unit: g/tContained Metal: 117Contained Unit: kozsView all details
Link to this fact

Identity

Project
Silver Queen
Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:164b4f2eea7023ac1462
Deposit or zone
Total Inferred
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
Prior Contained Metal
50.4

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 Resource for gold shows a significant increase in both tonnage and contained metal, indicating substantial growth in the project's potential, though it remains in the lower confidence Inferred category.

Positive factors

  • Significant increase in contained metal
  • Significant tonnage growth
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Contained Metal Growthpositive

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

Why it applies: 117 against 50.4 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 · copperTonnes: 5157000Grade: 0.2Grade Unit: %Contained Metal: 21Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:164b4f2eea7023ac1462
Deposit or zone
Total Inferred
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: Copper contributes as a byproduct to the total Inferred Resource, with significant tonnage growth, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Significant tonnage growth
  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Significant tonnage increase (≥15%) 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 · leadTonnes: 5157000Grade: 0.4Grade Unit: %Contained Metal: 46Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen
Commodity
lead
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:164b4f2eea7023ac1462
Deposit or zone
Total Inferred
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: Lead contributes as a byproduct to the total Inferred Resource, with significant tonnage growth, but its lower confidence category limits its immediate economic viability.

Positive factors

  • Significant tonnage growth
  • Contributes to polymetallic nature
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Significant tonnage increase (≥15%) 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 · zincTonnes: 5157000Grade: 1.7Grade Unit: %Contained Metal: 188Contained Unit: mlbsView all details
Link to this fact

Identity

Project
Silver Queen
Commodity
zinc
Region
canada_bc
Reported Region
British Columbia
Ticker
EQTY

Resource scope

Estimate type
resource
Effective date
2026-09-11T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Garth Kirkham, Eugene Puritch, Fred Brown
Resource group id
resource:164b4f2eea7023ac1462
Deposit or zone
Total Inferred
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
Prior Contained Metal
83.9

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 Resource for zinc shows a significant increase in both tonnage and contained metal compared to the prior estimate, indicating substantial growth in the project's potential, though it remains in the lower confidence Inferred category.

Positive factors

  • Significant increase in contained metal
  • Significant tonnage growth
  • QP/CP signed
  • NI 43-101 compliant

Negative factors

  • Inferred resource category

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

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 5157000 against 1920000 previously

Contained Metal Growthpositive

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

Why it applies: 188 against 83.9 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

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.