Equity Metals Advances Silver Queen Towards 2027 PEA as Arlington Emerges as Second Growth Opportunity Matthew Collom Fri, November 13, 2026 at 11:34 AM EST 3 min read EQTY.V 0.00% SI=F -2.32% GC=F -0.11% equitymetals_1200x659 Equity Metals Corporation (TSX-V:EQTY) (USOTC:EQMEF) (FSE:EGSD) is continuing to build the foundations for future development at its Silver Queen silver-gold project in British Columbia, with further resource validation work underway and a Preliminary Economic Assessment (PEA) targeted for Q2 2027. Alongside this progress, exploration at the Arlington property is identifying new targets that could provide the company with a second significant growth opportunity.
The company's potential has also been highlighted in a recent research note from Optimo Research, which assigns Equity Metals a C$0.71 price target.
In a Watch List interview, Robert W.J. Macdonald, Vice President of Exploration at Equity Metals, outlined how the company is progressing both projects, with a clear focus on strengthening its resource base and creating longer-term shareholder value.
Silver Queen: Building Towards Economic Assessment
At the centre of the company's strategy is Silver Queen, where the 2026 Mineral Resource Estimate delivered a substantial increase in the project's overall resource inventory.
The updated estimate includes 48.7 million ounces of silver equivalent in the Indicated category and a further 35.0 million ounces of silver equivalent in the Inferred category, highlighting the scale of the property's growing polymetallic resource potential.
Macdonald explained that the company has added considerable metal and value through its exploration programmes over the past two to three years, identifying new deposits and expanding existing mineralised zones.
The next priority is further validation drilling on the No. 3 Vein, which has approximately one kilometre of strike length largely informed by historical drilling.
Equity Metals is undertaking its own drilling to strengthen confidence in this historical data, improve the understanding of the mineralisation and support the next Mineral Resource Estimate update.
This work is an important step towards the planned PEA in Q2 2027, providing a pathway for Silver Queen to progress from resource growth towards a more detailed assessment of its development potential.
Arlington Provides Additional Exploration Upside
While Silver Queen remains the company's primary development focus, Equity Metals is also working to unlock the potential of its Arlington property.
Initial drilling tested a gold-silver target where surface mineralisation appeared to be associated with relatively flat-lying veins. The company has since broadened its exploration approach.
Recent surface programmes have significantly expanded soil and rock sampling across the property, with three specific new targets identified for further investigation.
These targets are now helping shape the next phase of exploration, with further drilling anticipated in Q2 2027.
The work at Arlington demonstrates the company's willingness to adapt its exploration strategy as new geological information emerges, using systematic sampling to identify and prioritise the most prospective areas for future drilling.
Building Value Across Two Projects
Equity Metals is pursuing a two-pronged strategy: advancing Silver Queen through resource validation and development preparation, while continuing to explore the wider potential of Arlington.
For Silver Queen, the combination of an expanded mineral resource, ongoing No. 3 Vein drilling and a targeted PEA in Q2 2027 represents an important period in the project's development.
Meanwhile, the identification of three new exploration targets at Arlington provides another avenue for potential resource growth.
With both projects progressing through clearly defined exploration programmes, Equity Metals is working to establish a stronger foundation for its next stage of growth.
The latest update from Robert Macdonald underlines the company's focus on turning exploration success into tangible project advancement, with Silver Queen moving towards economic assessment and Arlington offering additional discovery potential.
