Equity Metals Mobilizes Winter Drilling at Silver Queen and Advances Targeting at Arlington

Equity Metals ( (TSE:EQTY) ) has shared an announcement.

Equity Metals has mobilized crews and a drill rig to launch a 16‑hole, 4,200‑metre winter 2026 drilling campaign on its Silver Queen silver‑gold property in northern British Columbia, aimed at testing portions of the current resource model, twinning historical holes to validate past results and collecting new material from the No. 3 vein for metallurgical test work to further de‑risk the project ahead of an economic assessment. Beyond the initial phase, the company is planning a larger 2026 program at Silver Queen that will include relogging and sampling historical core, re‑establishing underground access via the Earl Adit for lidar scanning and re‑sampling, and drilling newly defined greenfields targets, while at its Arlington property it has reported 2025 drill results that confirm gold‑bearing quartz veins associated with a granodiorite intrusion and has outlined a 2026 surface mapping and sampling campaign to refine targets such as North Fresh Pots, Rona and Arlington for future drilling, underscoring a dual focus on resource de‑risking and pipeline target development.

The most recent analyst rating on (TSE:EQTY) stock is a Hold with a C$0.52 price target. To see the full list of analyst forecasts on Equity Metals stock, see the TSE:EQTY Stock Forecast page.

Spark’s Take on TSE:EQTY Stock

According to Spark, TipRanks’ AI Analyst, TSE:EQTY is a Neutral.

The score is held down primarily by weak financial performance—no revenue, widening losses, and sustained cash burn—despite the benefit of having no reported debt. Technicals are the main positive, with price above key moving averages and positive MACD, but elevated RSI and high beta point to higher risk. Valuation is also a constraint given the negative P/E and lack of dividend support.

To see Spark’s full report on TSE:EQTY stock, click here.

More about Equity Metals

Equity Metals Corporation is a Vancouver-based mineral exploration company focused on advancing precious and base metal projects in British Columbia. Its flagship asset is the 100% owned Silver Queen silver-gold property in northern B.C., where it is working to expand and de-risk an existing NI 43-101 mineral resource, with a particular focus on the No. 3 and NG-3 veins, which together host the majority of the project’s modeled silver-equivalent resources. The company also explores the Arlington property, a gold-silver-copper target area, as part of a broader portfolio of exploration-stage assets.

Average Trading Volume: 1,207,762

Technical Sentiment Signal: Buy

Current Market Cap: C$112M

For detailed information about EQTY stock, go to TipRanks’ Stock Analysis page.