Burin Gold starts drilling 10,000 m exploration program at Hickey’s Pond Gold Project, Newfoundland

The Sveinson target is a broad east-west-trending structural zone which forms the transition from the strongly silver-enriched Camp target to the west into the gold-enriched southern portion of the No. 3 target to the east. Four separate veins, initially modelled from the Camp target, project into the Sveinson target and are primary targets of this most recent drill testing.

VP Exploration Rob Macdonald commented, “The identification of several new shallow veins in drilling on the eastern Sveinson target helps confirm the lateral projection of mineralized structures from the 2019 Resource contained in the No. 3 vein westward to the Company’s recent resource-delineation drilling at the Camp Vein target. Assays from the western Sveinson target are pending, and mineralization remains open both laterally and at depth for further drill testing in 2022.”

Winter drilling is underway on the NG-3 Vein system, located east of the No. 3 target. Up to nine holes, totaling 4000 metres, are planned for the NG-3 and other targets during this phase.

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Figure 1: Plan Map of targets on the Silver Queen vein system, BC

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Figure 2: Longitudinal View of the Eastern Sveinson Target

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Table 1: Summary Composites from September2021 Drilling on the Sveinson Target.

Hole # From
 (m)
To
 (m)
Interval
 (m)
Au
 (g/t)
Ag
 (g/t)
Cu
 (%)
Pb
 (%)
Zn
 (%)
AuEq
 (g/t)
AgEq
 (g/t)
 
SQ21-050 189.2 190.5 1.3 1.5 111 0.4 1.3 6.0 7.1 535
inc. 189.8 190.2 0.4 2.2 115 0.3 3.5 11.0 11.1 834
 
SQ21-050 232.6 233.5 1.0 2.3 55 0.2 1.1 8.2 7.9 589
inc. 232.8 233.1 0.3 3.8 53 0.4 3.8 19.8 16.7 1251
 
SQ21-050 279.4 279.7 0.4 1.2 40 0.0 2.4 6.0 5.9 446
 
 
SQ21-051 248.2 249.6 1.4 0.8 14 0.0 1.6 2.0 2.8 210
inc. 249.4 249.6 0.3 0.7 35 0.1 6.5 5.7 7.2 537
 
SQ21-051 270.0 273.8 3.8 0.5 29 0.0 1.4 3.2 3.2 238
inc. 270.3 271.4 1.1 1.0 49 0.1 2.2 7.5 6.5 487
 
SQ21-051 343.3 344.5 1.1 0.8 21 0.0 0.7 1.9 2.4 178
 
SQ21-051 414.2 414.5 0.4 2.0 172 0.1 4.5 6.6 9.9 740
 
 
SQ21-052 224.7 230.0 5.3 1.9 23 0.0 1.0 3.2 4.3 324
inc. 224.7 227.0 2.3 2.8 37 0.1 1.7 5.9 7.2 538
 
SQ21-052 305.6 306.6 1.0 1.0 59 0.1 1.2 1.3 3.1 231
 
 
SQ21-053 137.8 139.4 1.6 5.1 120 0.3 0.8 4.0 9.5 711
inc. 138.2 138.6 0.5 13.8 321 0.8 1.6 12.4 26.1 1956
 
 
SQ21-054 154.8 156.2 1.4 1.0 56 0.0 0.1 0.2 1.9 142
 
SQ21-054 221.6 222.1 0.5 1.7 67 0.4 2.4 13.3 10.9 814
 
SQ21-054 392.1 393.2 1.0 3.0 78 0.1 0.2 5.4 7.0 528
 
 
SQ21-055 129.2 131.0 1.8 0.8 10 0.0 0.1 1.0 1.5 114
 
SQ21-055 165.1 166.4 1.3 0.9 68 0.1 2.8 2.8 4.6 344
 
SQ21-055 173.6 175.4 1.8 0.6 23 0.3 0.2 3.3 3.1 230
 
SQ21-055 231.8 232.8 1.0 0.7 25 1.2 0.0 0.1 2.7 199
 

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. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and

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, camp infrastructure, and a maintained Tailings Facility.

The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. An initial NI43-101 Mineral Resource Estimate was detailed in a News Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.

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 Manex Resource Group Company. Manex provides exploration, administration, and corporate development services for Equity Metals’ two major mineral properties, the Silver Queen Au-Ag-Zn-Cu project, located in central B.C., and the Monument Diamond project, located in Lac De Gras, NWT.

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 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. The project owners are Equity Metals Corporation (57.49%), Chris and Jeanne Jennings (22.11%); and Archon Minerals Ltd. (20.4%). Equity Metals is the operator of the project.

The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value to the Company.

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.

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 ir@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.

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