Equity Metals Corp V.EQTY

Alternate Symbol(s): EQMEF

Metals & Mining Silver

Equity Metals Corporation is engaged in the acquisition, exploration and development of mineral and diamond properties in British Columbia, Saskatchewan and the Northwest Territories. It owns a 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. It has a controlling joint venture interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 kilometers (km)of both the Ekati and Diavik diamond mines. It also has royalty and working interests in other Canadian properties. Its WO Project is located in the Lac de Gras area, over 300 km north-northeast of the city of Yellowknife in the Northwest Territories, Canada. Its La Ronge Silica Project is an historic sand quarry located in central Saskatchewan.

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Equity Metals Corp

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Post by PDMitchellon Sep 04, 2008 5:50pm

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Post# 15432355

Complete News Release

THREE KIMBERLITE PIPES DISCOVERED AT

MONUMENT PROPERTY, NWT.

September 4,2008: New Nadina Explorations Limited (the"Company") and partners Chris and Jeanne Jennings (22.11%), and Archon MineralsLtd (20.4%) announce three kimberlite discoveries during the current explorationprogram, adding Sparky and Gemini kimberlite pipes in this news release. Trio,Sparky and Gemini increase the number of kimberlite pipes to eleven on theMonument property at Lac de Gras, NWT.The Trio kimberlite (NR August 25, 2008) is located in the north central part ofthe property. Sparky and Gemini arelocated in the southern most kimberlite cluster on either side of the previouslyknown DD39 pipe.

The program commenced August 1^stwith two drills testing numerous land based targets developed from previousgeophysical surveys, and delineating and sampling kimberlites already in theinventory. Detailed explorationdrilling of a linear magnetic low in the southern part of the property hasdelineated and sampled three kimberlite pipes: Sparky, DD39 and Gemini, adding a newkimberlite cluster to the property.The new cluster is located 750 meters south of the central cluster or theBlue string of pearls that consists of kimberlites Sonja, Nic, DD17, RIP, Blingand DD17-11. Kimberlite previouslydrilled in the DD39 area failed to define the shape and size of kimberlite pipesin the area.

Gemini was first intersected in 2007 bydrill hole M-02-07 that intersected hypabyssal kimberlite (HK) between32.7-35.8m. During the currentexploration program three BTW diamond drill holes delineated Gemini to provethat drill hole M-02-07 had grazed the SW side of the pipe. Drill hole
08-24 (Dip -45º, Azimuth018º) intersected kimberlite from 48.4 to 89m depth, and perpendicular diamonddrill hole 08-27 (Dip -45º, Azimuth 285º) intersected kimberlite from 25 to53.3m depth. A third drill hole08-29 steepened to -59º intersected kimberlite from 29.4-79.1m. Kimberlite geology includesvolcaniclastic and pyroclastic kimberlite, mineralized with 2-4 mm olivine,pyrope and chrome diopside xenocrysts.In excess of 350 kg of whole core was sampled, and has been submitted formicrodiamond recovery.

Sparky was first intersected by drill holeM-01-07 (32.8-70.7m). Furtherdrilling with BTW size core on drill hole 08-35 (Dip -45º, Azimuth 225º)intersected kimberlite from 38.9 to 90.1m depth, and drill hole 08-36 (Dip -45º,Azimuth 007º) intersected kimberlite from 19.2 to 68m depth. All kimberlite intervals from DD39 andSparky (whole core) will be submitted for caustic fusion and diamondrecovery.

DD39, located 30m SW of Gemini, wasdiscovered in 1993 by Kennecott Canada Exploration Inc with a single verticaldiamond drill hole (93DD39-01) which cut 107m of kimberlite. Further drilling at DD39 includes BQdrill holes 08-34 (Dip -45º, Azimuth 144º) which intersected kimberlite from44.4 to 110.5m depth, and drill hole 08-37 (Dip -60º, Azimuth 054º) whichcollared in kimberlite at 19.2m and continued in kimberlite to 96m depth. Kimberlite geology includes kimberliticmudstones and volcaniclastic kimberlite.Olivine content is up to 20% 2-4 mm xenocrysts, with trace pyrope andchrome diopside xenocrysts.Carbonized wood has also been identified.

The Monument Program is supervised by Mr. K.R. Kivi, P.Geol., a Qualified Person as defined by National Instrument43-101. Mr. Kivi reviewed thecontent of this news release.

Contact Ellen Clementsat (800) 856-3966 orLarry Widmer at (250) 878 5099 for furtherinformation.