# Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb Original source: https://money.tmx.com/en/quote/EQTY/news/5611795728975550/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate- Publisher: tmx Original announcement: 2026-09-16T14:40:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-21T18:21:41.975Z Atlas analysis updated: 2026-09-21T18:21:41.975Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant increase in Inferred tonnage and contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: High percentage of Inferred resources Facts used in scoring: 35 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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$122/t **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: Approximately 59% of the Mineral Resources are classified as Inferred Resources on a tonnage basis, indicating a lower level of confidence. Evidence · text > Approximately 59% of the Mineral Resources are classified as Inferred Resources on a tonnage basis . **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an updated Mineral Resource Estimate for the Silver Queen Project, superseding a previous 2022 MRE. Evidence · text > Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC ## Extracted facts Stored fact records: 35. Some facts used in scoring do not have a stored record. ## Resource Estimates (35) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-0) Silver Queen · silver #### Identity - Project: Silver Queen - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: EQTY #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, other - QP Signed: Yes - Qualified person names: Garth Kirkham, Eugene Puritch, Fred Brown - Resource group id: resource:9ac883f09dace7aa0f76 - Deposit or zone: No. 3 - NG3 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 2977000 - Grade: 152 - Grade Unit: g/t - Contained Metal: 14532 - Contained Unit: kozs - Cutoff Grade: 122 - Cutoff Unit: C$/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 factor: High silver grade - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 152 Context: 2,977 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-1) Silver Queen · gold #### 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 factor: Good gold grade for indicated resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 2.15 Context: 2,977 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-2) Silver Queen · copper #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.29 Context: 2,977 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-3) Silver Queen · lead #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.8 Context: 2,977 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-4) Silver Queen · zinc #### 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 factor: Good zinc grade for indicated resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 4.3 Context: 2,977 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-5) Silver Queen · silver #### 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 factor: Very high silver grade - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 344 Context: 588 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-6) Silver Queen · gold #### 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 factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.24 Context: 588 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-7) Silver Queen · copper #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.12 Context: 588 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-8) Silver Queen · lead #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.3 Context: 588 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-9) Silver Queen · zinc #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 1.1 Context: 588 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-10) Silver Queen · silver #### 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 factor: High silver grade for indicated resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 184 Context: 3,565 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-11) Silver Queen · gold #### 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 factor: Good gold grade for indicated resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 1.8 Context: 3,565 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-12) Silver Queen · copper #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.3 Context: 3,565 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-13) Silver Queen · lead #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.7 Context: 3,565 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-14) Silver Queen · zinc #### 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 factor: Good zinc grade for indicated resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 3.8 Context: 3,565 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-15) Silver Queen · silver #### 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 factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 61 Context: 2,693 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-16) Silver Queen · gold #### 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 factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.79 Context: 2,693 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-17) Silver Queen · copper #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.17 Context: 2,693 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-18) Silver Queen · lead #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.4 Context: 2,693 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-19) Silver Queen · zinc #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 1.9 Context: 2,693 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-20) Silver Queen · silver #### 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 factor: New mineralization added to resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 66 Context: 592 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-21) Silver Queen · gold #### 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 factor: New mineralization added to resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.90 Context: 592 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-22) Silver Queen · copper #### 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 factor: New mineralization added to resource - Positive factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.21 Context: 592 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-23) Silver Queen · lead #### 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 factor: New mineralization added to resource - Positive factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.6 Context: 592 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-24) Silver Queen · zinc #### 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 factor: New mineralization added to resource - Positive factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 1.5 Context: 592 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-25) Silver Queen · silver #### 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 factor: High silver grade for inferred resource - Positive factor: Significant contained metal - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 179 Context: 1,872 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-26) Silver Queen · gold #### 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 factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.52 Context: 1,872 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-27) Silver Queen · copper #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.19 Context: 1,872 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-28) Silver Queen · lead #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.4 Context: 1,872 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-29) Silver Queen · zinc #### 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 factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 1.4 Context: 1,872 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-30) Silver Queen · silver #### 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 factor: Significant increase in contained metal - Positive factor: Significant tonnage growth - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 104 Context: 5,157 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 5157000 against 1920000 previously **Contained Metal Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-31) Silver Queen · gold #### 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 factor: Significant increase in contained metal - Positive factor: Significant tonnage growth - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.7 Context: 5,157 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 5157000 against 1920000 previously **Contained Metal Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-32) Silver Queen · copper #### 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 factor: Significant tonnage growth - Positive factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.2 Context: 5,157 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 5157000 against 1920000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-33) Silver Queen · lead #### 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 factor: Significant tonnage growth - Positive factor: Contributes to polymetallic nature - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 0.4 Context: 5,157 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 5157000 against 1920000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/equity-metals-announces-a-significant-increase-to-the-mineral-resource-estimate--8e9ca9c6-6960-4269-934d-7463d5c2accb#fact-resource-facts-34) Silver Queen · zinc #### 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 factor: Significant increase in contained metal - Positive factor: Significant tonnage growth - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Inferred resource category Evidence · table > 1.7 Context: 5,157 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 5157000 against 1920000 previously **Contained Metal Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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.