Green Technology Metals(GT1:AU) has announced Ontario Lithium Project Development Update
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Astral Resources (AAR:AU) has announced Theia In-fill – Multiple High-Grade Zones of Gold
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A mounting artificial intelligence (AI) bubble, overvalued markets and resource nationalism are among the issues experts at the 51st New Orleans Investment Conference flagged for investors heading into 2026.
With the ongoing precious metals bull market sending gold and silver prices to fresh all-time highs this year, the wide array of panelists and speakers cautioned investors to be prepared for anything.
During the Mining Share panel, moderator Rick Rule, proprietor of Rule Investment Media, asked participants which black swan is most likely on the horizon, acknowledging that these events are inherently impossible to predict.
Nick Hodge, publisher at Digest Publishing, said disproportionate market growth is keeping him up at night.
“The overvaluation of the S&P 500 (INDEXSP:.INX) and the tech stocks could lead to some sort of stock crash that takes down the valuations of all the equities, including the precious and industrial metals. I think it’s long overdue,” he said.
Hodge also noted that the US has largely avoided a recession in recent years, and that economic growth is “okay,’ but warned that equity valuations, particularly in tech, quantum computing and robotics, have run ahead of fundamentals.
Jordan Roy-Byrne, editor and publisher of the Daily Gold, went a different route, saying gold and silver prices could go vertical ‘sooner than people think,’ and suggested that investors aren’t ready for that to happen.
Roy-Byrne argued that fears rooted in the 2008 financial crisis still distort market thinking, even though bonds are now in a secular bear market and stock crashes tend to look very different.
If the S&P enters a downturn in the next couple of years, he said the setup could resemble the mid-1970s, when equities slumped, but precious metals soared — a scenario many investors aren’t prepared for.
Strategic investor Jeff Phillips sided with Hodge, saying that the ripple effects of a tech-related bubble are his paramount concern at the moment. He noted that the resource sector’s bull markets are often sparked by broader financial corrections, because investors tend to retreat to hard assets when liquidity dries up.
Resource markets are thinly traded, Phillips explained, so momentum can shift quickly.
After three major resource bull cycles in his 30 year career, he’s seen the same pattern repeat: when speculative themes fade — whether that be the internet in the early 2000s or today’s AI boom — investors eventually recognize that most of the companies in these sectors won’t deliver, and capital flows back to tangible assets.
“So what keeps me up at night is not necessarily the resource sector, but a liquidity event that causes people to have to sell things,” Phillips said. “But I don’t know what the black swan is, because that’s what a black swan is.”
Taking a different approach, Jennifer Shaigec, principal at Sandpiper Trading, underscored growing tensions with China around trade, as well as supply chain imbalances that are materializing in the resource sector.
“I’m going to go with something very dark — nationalization of mines,” she said.
“I think we’re headed for a conflict with China. We’re seeing this huge push to secure domestic supply chains, and the wartime controls that were from World War I and II (are still in place). Seeing the government starting to take these bigger stakes in some of these projects is a little bit scary for me,’ Shaigec explained.
For Brien Lundin, conference host and editor of Gold Newsletter, all the hypotheses have merit. He explained that a major liquidity crisis is almost unavoidable, but said it would also create one of the biggest opportunities in years.
Since 2008, markets of all kinds have become dependent on rapid central bank intervention, he noted.
So while a shock could deliver a brief period of real pain, Lundin expects policymakers to respond quickly with a surge of liquidity, just as they did after the financial crisis and during COVID-19.
That kind of rescue typically sends gold, commodities and other risk assets sharply higher.
‘What we don’t know is what the black swan is, where is it going to come from? It usually comes out of left field in some area nobody’s really predicted,” said Lundin.
AI euphoria may be outpacing reality
At the Booms, Bubbles and Busts panel, fear that the AI bubble is reaching critical mass was the prominent theme.
Moderator Albert Lu, founder and president of Luma Financial, started the discussion by polling the panelists about whether the AI market is in a bubble right now.
“Yeah, we’re in a bubble. But in the 1990s we were in a bubble in the internet. So the question is, what stage of the bubble are we at?” responded economist and professor Peter St. Onge.
He recalled buying Yahoo in 1996 — when friends thought he was reckless — only to watch it soar. Today’s tech boom, he argued, is “without a doubt” a bubble, potentially 10 times bigger than the dot-com era.
In his view, the cycle will eventually break, but before a steep correction, he suggested there may still be room for tech markets to multiply, perhaps doubling or even surging eightfold, before an inevitable 75 percent wipeout.
Jim Iuorio, managing director of TJM Institutional Services, cautioned that while “it’s not that valuable … to say we’re in a bubble,” he believes markets are somewhere in bubble territory — but trying to pinpoint the exact stage is “foolish.’
He warned that many high-flying tech names could face a 30 percent correction within 18 to 24 months.
What’s convinced him most about this has been the frenzy around OpenAI-related announcements.
“Anytime they mentioned any partnership with anyone — just the mania that happened with those stocks — to me that means we’re in some sort of odd realm that I’m not comfortable with,’ he said.
Still, he isn’t exiting yet — Iuorio said he’s keeping his positions hedged and flexible while acknowledging “there is a very distinct possibility that one day you’re going to open up your portfolio and things will change quite a bit.’
For his part, Jim Bianco, president and macro strategist at Bianco Research, said he resists using the word “bubble” because “I don’t know exactly what it means.’ He noted that people often invoke it only when they think the cycle is ending, and aligned with St. Onge in arguing that the endpoint may not be near right now.
Bianco stressed that AI technology is “very real” and likely “more transformative than the internet,’ comparing the hype to late-1990s optimism about the web, which may have seemed exaggerated, but largely proved true.
Still, he cautioned that transformative technology doesn’t guarantee immediate investment success: buying into the internet boom meant enduring the dot-com crash and the long slog through the Great Recession before breaking even.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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The gold price has been trading at record highs above US$4,000 per ounce since October.
As top tech companies like NVIDIA (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) battle for AI supremacy, investors are wondering if this arms race is boosting the rush to gold.
Gold is an essential material in sophisticated computer infrastructure, sparking headlines about potential future demand. But there’s also another angle in play — fears that the AI boom is on track to become an AI bubble is seen as a major driver for gold demand as investors seek out safe-haven assets.
Gold a key material in AI technology
In its Q3 gold demand trends report, the World Gold Council (WGC) indicates that demand for gold originating from the electronics sector was down by 1 percent compared to the same quarter last year.
US President Donald Trump’s tariff policy is weighing on what’s typically a season of upward momentum for demand from this segment of the market as manufacturers gear up for new product launches.
“Typically in a technological development era, you’ll see gold used early on in the technological developments, and then often very quickly substituted out because it’s expensive,” said Cavatoni. “But what’s been encouraging for us is that gold’s superior properties are keeping it very much in the discussion around the technological uses.”
Gold’s electrical conductivity and resistance to corrosion make it an ideal component in AI tech, which relies on high-performance computing infrastructure such as specialized processors, memory chips and high-speed connectors.
Gold demand from the memory sector jumped during Q3 as AI infrastructure continued its rapid expansion. But perhaps the strongest growth came from gold’s use in printed circuit boards, essential for AI servers.
“Strong performance was recorded in AI server infrastructure, satellite communications, consumer graphics cards, and PC market applications,” notes the WGC report. “AI server demand was the single most significant factor driving growth, propelling gold usage through continuous specification upgrades.”
Record-high gold prices have not been an impediment to demand in the AI sector because of two important factors. For one, alternatives such as silver or copper cannot match gold’s superior resistance to corrosion and oxidation for long-term reliability. Secondly, the actual amount of gold used is only a fraction of the materials used in the fabrication of these products, so manufacturers are still comfortable with their margins even at US$4,000 gold.
It seems that for now, AI tech makers are willing to pay a premium for gold to ensure the reliable performance and longevity of their products. While gold usage in AI technology is a relatively small part of the overall demand for the metal, it is helping to support otherwise weakening demand in the technology sector.
Gold as a hedge for a potential AI tech bubble
A more prominent AI-related driver of gold demand is growing fears of an AI tech bubble on the verge of bursting. That’s because gold’s main purpose in an investment portfolio is to hedge against stock market volatility through asset diversification. As safe-haven demand for gold grows, so too does its price.
Analysts at major financial institutions have said that some of the increasing investment demand for gold can be attributed to investors using the metal as a hedge against a significant market correction in AI stocks.
A prime example of the gold price taking off following a tech bubble bursting occurred in the early 2000s with the end of the dot-com rally. The price of gold gained more than 620 percent between 1999 and 2011 to reach US$1,825 as investors pulled out of the stock market in droves and the US Federal Reserve lowered interest rates.
Is the market growing too fast? A UBS Group (NYSE:UBS) report shows that this year global AI spending is expected to reach US$375 billion and then climb further to hit US$500 billion in 2026.
The hype around AI is fueling valuation growth for many tech companies, especially the giants. The biggest AI stocks also rank among the Magnificent 7 technology stocks, which make up a significant portion of the overall valuations of both the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC). Apple (NASDAQ:AAPL) and Microsoft are now boasting US$4 trillion market caps, while chipmaker NVIDIA recently surpassed US$5 trillion.
Shiller price-to-earnings ratio.
Chart via Multpl.com.
Another indication that the equity markets may be in trouble is that the Shiller price-to-earnings (PE) ratio, also known as the cyclically adjusted PE ratio, is now flashing red.
An important metric of market health and future returns, the ratio is calculated by dividing the current stock or market index price by the average of the past 10 years’ earnings, adjusted for inflation.
A typical range for the Shiller PE ratio for the S&P 500 is between 17 and 28. Right before the dot-com bubble burst and investors fled to gold, this ratio was flashing red at 44.19, its highest recorded ratio.
As of November 10, the S&P 500 had a Shiller PE ratio of between 39 and 40.
US AI stocks slumped during the second week of November, reported CNBC, on the perception that equity valuations are overstretched amid a backdrop of a slowing economy. Looking ahead at the next two years, Goldman Sachs (NYSE:GS) CEO David Solomon is predicting a potential 10 to 20 percent pullback in the equity markets.
Similarly, Bloomberg reported that Michael Hartnett, chief investment strategist at Bank of America Global Research, said in a note to clients that AI growth has spurred the top tech stocks to sky-high valuations, and gold may be one of the best hedges for a possible bubble burst in AI-related equities.
Macquarie analysts are also pointing to gold as a hedge against a potential AI bubble burst if tech firms can’t deliver on their high productivity promises. The firm has an interesting take on the parallel rallies that have occurred in gold and AI this year: “Optimists buy tech, pessimists buy gold, hedgers buy both.’
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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Byron King, editor at Paradigm Press, shares his thoughts on gold and silver, saying their drivers are intact despite the recent price pullback.
He also discusses the growing importance of ‘military metals’ like rare earths and antimony.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Chris Temple, founder, editor and publisher of the National Investor, shares his thoughts on gold, noting that the narrative for the yellow metal has changed for the better.
He also discusses the US government’s recent focus on fast tracking and funding mining projects.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Aurum Resources (AUE:AU) has announced Aurum hits 3.10m @ 70.78 g/t gold from 112.90m at Boundiali
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(TheNewswire)
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Vancouver, Canada TheNewswire – November 17, 2025 Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W | OTCQB: SPRMF) is pleased to announce effective today, the Company’s common shares have commenced trading on the OTCQB® Venture Market (‘OTCQB’) in the United States (‘U.S.’) under the symbol ‘SPRMF’. The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol ‘W’.
Brett Marsh, Spartan’s President and CEO, comments, ‘Spartan’s mission is to unlock America’s critical mineral resources through its flagship Eagle tungsten-silver-rubidium project in Nevada. Therefore, it makes sense that our common shares are listed on the OTCQB so U.S. based investors can participate in the Company’s growth. Our OTC listing will amplify our marketing efforts and support our strategy of introducing the Company to a broader audience of potential investors. The OTCQB is an efficient way for Spartan to gain access to the largest pool of equity capital in the world, while offering potential investors in the U.S. enhanced trading liquidity.’
In addition to being upgraded to the OTCQB, the Company is eligible with the Depository Trust Company (‘DTC’) for its common shares. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of Spartan to be distributed, settled and served through DTC’s automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities for investors and brokers trading Canadian securities in the US.
Information relating to Spartan as well as real-rime price quotes will be available on www.otcmarkets.com . The OTCQB, operated by the OTC Markets Group Inc., is the premier marketplace for entrepreneurial and development stage companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
Investor Relations Agreement
Effective November 20, 2025, subject to regulatory approval, the Company has engaged ValPal Management Consultancy (‘ValPal’), a private company headquartered in Dubai, UAE, to provide investor-focused media and distribution services to increase awareness of the Company. The cost of the 12-month campaign is US$8,000 payable on November 20, 2025. ValPal is arm’s length to the Spartan and currently holds no securities in the Company. Jasper Wijk is the co-founder of ValPal and will be responsible for all activities related to the Company.
About Spartan Metals Corp.
Spartan Metals is focused on developing critical minerals projects in top-tier mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.
Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com
On behalf of the Board of Spartan
‘Brett Marsh’
President, CEO & Director
Further Information:
Brett Marsh, M.Sc., MBA, CPG
President, CEO & Director
1-888-535-0325
info@spartanmetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release
Forward Looking Statements
This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Copyright (c) 2025 TheNewswire – All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Here’s a quick recap of the crypto landscape for Monday (November 17) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$95,539.04, a 0.4 percent decrease in 24 hours. Its lowest valuation of the day was US$93,029.42, while its highest was US$95,903.57.
Bitcoin price performance, November 17, 2025.
Chart via TradingView
Bitcoin’s slide to a weekend low of $93,029 has reset market sentiment to “extreme fear,” extending a drawdown that has erased more than US$600 billion from its market value since October’s record.
The speed of the retreat has unsettled even long-time traders, especially after Bitcoin spent much of the year buoyed by Wall Street inflows, ETF demand, and renewed political support under the Trump administration.
SchiffGold founder Peter Schiff also seized on the downturn, urging investors on X to “sell Bitcoin now and buy gold before you get mauled.’
Schiff noted that that gold had climbed back above US$4,100 in early Asian trading while Bitcoin was “struggling to hold US$93,000.”
‘Bitcoin is now down 26% from its high. But in terms of gold, the bear market is far more ferocious, with Bitcoin down 39%,’ he added.
Meanwhile, Ether (ETH) was priced at US$3,187.13, a 0.6 percent decrease in the last 24 hours. Its lowest valuation of the day was US$3,023.62, while its highest was US$3,215.64.
Altcoin price update
- Solana (SOL) was priced at US$141.18, trading flat over the last 24 hours. Its lowest valuation of the day was US$135.28, while its highest was US$142.40.
- XRP was trading for US$2.27, up by 0.4 percent over the last 24 hours. Its lowest valuation of the day was US$2.66, while its highest was US$2.28.
Today’s crypto news to know
US Bitcoin ETFs log US$1.11 billion outflow in third straight week
US spot Bitcoin ETFs recorded a third straight week of redemptions, with investors pulling roughly US$1.11 billion from November 10 to 14.
BlackRock’s IBIT fund accounted for the largest share, shedding more than half a billion dollars in net outflows. Grayscale’s Bitcoin Mini Trust also saw heavy withdrawals as investors exercised cautious sentiment despite its large historical asset base.
The continued drawdown pushed total spot Bitcoin ETF assets to around US$125 billion, representing just under 7 percent of Bitcoin’s market capitalization.
Rising political and macro uncertainty has dampened demand, particularly after concerns surrounding a potential Trump tariff plan.
CZ floats plan to reinvest any returned portion of Binance’s US$4.3 billion fine
Changpeng Zhao signaled that if the U.S. government ever refunded any part of the US$4.3 billion settlement paid by Binance, he would direct the money back into American industries.
Zhao’s remark on X followed public discussion about whether a presidential pardon affects the status of corporate financial penalties. He clarified that he has not asked for any reimbursement and acknowledged that expecting a refund would be unrealistic.
Legal analysts note that his personal pardon does not automatically void Binance’s corporate settlement, which stemmed from anti–money laundering and sanctions failures.
The pardon has also generated accusations of impropriety, including claims of hidden crypto payments to the Trump campaign.
ICIJ report flags billions in illicit crypto flows
A new investigative report from the International Consortium of Investigative Journalists (ICIJ) claims that major exchanges continued handling funds linked to organized crime even while under heightened US scrutiny.
The review of transaction records between 2023 and 2025 found that platforms such as Binance and OKX processed large volumes of transfers tied to scam networks, drug-trafficking groups, and state-backed hacking operations.
Binance allegedly received more than US$400 million from accounts connected to Huione Group, a Cambodia-based hub widely used by Chinese criminal gangs. Meanwhile, OKX was linked to over US$200 million from the same network, including flows that continued after Huione was labeled a primary money-laundering concern by US authorities.
The report also traced stolen funds from a US$1.5 billion North Korean hacking spree, identifying surges of deposits into Binance addresses routed through THORChain.
Additional cases tied some exchanges to fentanyl traffickers, cartel-linked launderers, and entities supporting North Korea’s weapons program.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (FSE: EGSD) (OTCQB: EQMEF) (‘Equity’) reports new precious and base metal assays from the Summer ’25 drill program on its 100% owned Silver Queen Au-Ag project, British Columbia, which continue to extend the projection of mineralization in the No. 3 Vein beyond the limits of the Company’s 2022 Resource Estimate.
Assay highlights from the latest drilling include:
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A 1.3 metre (Est. TT) interval averaging 4.7g/t Au, 471g/t Ag, 2.5% Cu, 0.3% Pb and 1.5% Zn (1,128g/t AgEq or 15.6g/t AuEq), including a 0.7 metre (est. TT) interval grading 8.9g/t Au, 890g/t Ag, 4.8% Cu, 0.3% Pb and 0.2% Zn (2,042g/t AgEq or 28.2g/t AuEq) from SQ25-160; and
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A 1.7 metre (Est. TT) interval averaging 0.2g/t Au, 519g/t Ag, 0.1% Cu, 2.8% Pb and 9.5% Zn (910g/t AgEq or 12.6g/t AuEq) including 0.4 metre (est. TT) interval grading 2,026g/t Ag, 0.1% Cu, 7.9% Pb and 14.5% Zn (2,687g/t AgEq or 37.1g/t AuEq) from SQ25-164.
Drilling continues to extend mineralization along strike and to depth along the northwest extension of the No. 3 vein and has now tested down-dip of previously released high-grade intercepts from 2024 drilling (eg: SQ24-136: 7.6m est TT. averaging 431g/t AgEq; see NR-15-24, December 17, 2024) and along strike of intercepts from earlier in 2025 (eg: SQ25-148: 3.5m averaging 536g/t AgEq; see NR-07-25, August 11, 2025). Mineralization now extends to depths of 450 metres below surface. Multiple veins have been intersected in most of these holes, including veins that have historically been identified as the No. 3 and No. 2 veins. Several additional hangingwall and footwall intercepts have been identified and drilling continues to provide definition to each of the vein sets and mineralized segments.
Of note, mineralization related to the No. 3 Vein is adjacent to historical mine workings, providing potential access advantages in any future development scenarios.
VP Exploration Rob Macdonald commented, ‘The Summer ’25 drill program successfully extended mineralization in the No. 3 and No. 2 vein sets for up to 650 metres laterally and to depths of 450 metres below surface. Mineralization identified in the current drill program continues to expand and develop continuity within the vein sets and is accretive to previously modelled mineral resources on the Silver Queen Project. Work in 2025 will continue to incorporate the new drill data into a revised exploration and resource model, in anticipation of a Mineral Resource update to be prepared in Q1 ’26, and to continue exploration on the ever-expanding Silver Queen vein system in 2026.’
2025 Exploration Program Summary
Twenty-one core holes totalling 8,143 metres were drilled on the No. 3 North target. Assays have been returned from 19 holes. Assays from two holes which tested the furthest lateral projections of the No. 2 and No. 3 vein sets, are pending. A short sampling surface program consisting of reconnaissance soil and stream sediment samples was completed. The program was designed to investigate several district-scale targets outboard from the No. 3 Vein system in preparation of potential drill testing in 2026.
The No. 3 Vein system contains the single largest resource currently identified on the Silver Queen property, and along with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resource on a AgEq basis. Extensions to the No. 3 Vein should be highly accretive to the current mineral resource. The current NI43-101 Mineral Resource Estimate, with an effective date of December 1st, 2022, is detailed in a News Release issued on Jan 16, 2023 and can be found by clicking here. The full Technical Report can be found on SEDAR and on the Company’s website.
Figure 1: Plan of Silver Queen project area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/274594_1ac3ab689460bbed_002full.jpg
Figure 2: No.3 North Longitudinal Section showing historical and 2024-25 drill intercepts. Historical Intercepts are semi-transparent. Drill holes with assays pending are shown in green
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/274594_1ac3ab689460bbed_003full.jpg
Table 1: Select Composites from 2025 Drilling on the No. 3 North Target
| Hole # | From (m) |
To (m) |
Interval (m) | Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
AgEq (g/t) |
AuEq (g/t) |
|
| ETT (m) |
|||||||||||
| SQ25-160 | 344.0 | 344.5 | 0.5 | 0.4 | 1.4 | 280 | 0.8 | 0.1 | 0.2 | 473 | 6.5 |
| SQ25-160 | 355.0 | 356.5 | 1.5 | 1.3 | 4.7 | 471 | 2.5 | 0.3 | 1.5 | 1128 | 15.6 |
| inc. | 355.7 | 356.5 | 0.8 | 0.7 | 8.9 | 890 | 4.8 | 0.3 | 0.2 | 2042 | 28.2 |
| SQ25-160 | 390.9 | 398.4 | 7.5 | 6.3 | 0.4 | 33 | 0.2 | 0.1 | 1.2 | 127 | 1.8 |
| inc. | 393.3 | 396.0 | 2.8 | 2.3 | 0.8 | 78 | 0.4 | 0.2 | 3.2 | 292 | 4.0 |
| inc. | 393.3 | 393.8 | 0.5 | 0.4 | 2.5 | 327 | 1.7 | 0.9 | 15.9 | 1223 | 16.9 |
| SQ25-160 | 405.6 | 406.6 | 1.1 | 0.9 | 0.6 | 130 | 1.5 | 0.5 | 1.2 | 376 | 5.2 |
| SQ25-161 | 329.5 | 330.2 | 0.6 | 0.4 | 0.2 | 129 | 0.2 | 1.8 | 1.0 | 239 | 3.3 |
| SQ25-161 | 432.6 | 434.6 | 1.9 | 1.2 | 0.6 | 134 | 0.4 | 0.1 | 0.5 | 242 | 3.3 |
| SQ25-162 | 457.6 | 458.4 | 0.8 | 0.6 | 7.7 | 804 | 4.7 | 0.2 | 0.1 | 1845 | 25.5 |
| SQ25-162 | 465.7 | 466.6 | 0.9 | 0.7 | 1.9 | 60 | 1.2 | 0.0 | 0.2 | 327 | 4.5 |
| SQ25-162 | 469.8 | 471.0 | 1.2 | 0.9 | 1.9 | 40 | 0.2 | 0.2 | 1.0 | 235 | 3.2 |
| inc. | 469.8 | 470.4 | 0.6 | 0.5 | 3.4 | 55 | 0.4 | 0.1 | 0.3 | 353 | 4.9 |
| SQ25-162 | 543.9 | 544.5 | 0.5 | 0.4 | 0.1 | 85 | 0.1 | 5.2 | 3.2 | 319 | 4.4 |
| SQ25-163 | NSV | NSV | NSV | NSV | NSV | NSV | NSV | NSV | NSV | NSV | NSV |
| SQ25-164 | 330.0 | 330.4 | 0.4 | 0.3 | 0.3 | 118 | 2.8 | 0.6 | 1.0 | 477 | 6.6 |
| SQ25-164 | 393.0 | 394.3 | 1.3 | 1.0 | 1.3 | 17 | 0.1 | 0.2 | 1.1 | 163 | 2.2 |
| SQ25-164 | 450.0 | 452.1 | 2.1 | 1.7 | 0.2 | 519 | 0.1 | 2.8 | 9.5 | 910 | 12.6 |
| inc. | 450.5 | 450.9 | 0.5 | 0.4 | 0.0 | 2026 | 0.1 | 7.9 | 14.5 | 2687 | 37.1 |
| SQ25-165 | 433.8 | 434.2 | 0.4 | 0.3 | 0.5 | 18 | 0.0 | 0.5 | 7.8 | 320 | 4.4 |
| SQ25-165 | 507.9 | 508.3 | 0.4 | 0.3 | 2.1 | 65 | 0.6 | 0.7 | 1.6 | 346 | 4.8 |
| SQ25-165 | 511.4 | 512.9 | 1.5 | 1.0 | 0.4 | 47 | 0.3 | 0.6 | 2.4 | 200 | 2.8 |
Notes: drill core samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Downhole composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. Accuracy of results is tested through the systematic inclusion of QA/QC standards, blanks and duplicates into the sample stream. AuEq and AgEq were calculated using prices of $2,360/oz Au, $28.50/oz Ag, $4.25/lb Cu, $0.90/lb Pb and $1.20/lb Zn. AuEq and AgEq calculations utilized relative metallurgical recoveries of Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.
Table 2: Collar Survey data
| Hole # | Survey Data | Collar Data | ||||
| UTM Coordinates_NAD83Z11 | AZ | DIP | Depth | |||
| Easting | Northing | Elev (m) | Deg | Deg | (m) | |
| SQ25-160 | 648968 | 5995992 | 949 | 195 | -46 | 477 |
| SQ25-161 | 648968 | 5995993 | 948 | 204 | -53 | 477 |
| SQ25-162 | 648968 | 5995993 | 948 | 192 | -58 | 558 |
| SQ25-163 | 648968 | 5995993 | 948 | 212 | -62 | 561 |
| SQ25-164 | 648969 | 5995993 | 948 | 217 | -47 | 537 |
| SQ25-165 | 648969 | 5995993 | 948 | 228 | -56 | 582 |
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein and the George Lake Vein, as well as camp infrastructure and a maintained Tailings Facility.
The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,871ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under-explored.
About Equity Metals Corporation
Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the Company has an option to acquire a 100% interest in the Arlington Property, located within the Boundary District of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system.
Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure. He has reviewed and approved this news release.
On behalf of the Board of Directors
‘Joseph Anthony Kizis, Jr.’
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274594
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