Sun Summit Advances Multiple New and Emerging Property-wide Targets For Ongoing Exploration at the Buck Project, Central B.C.
Sun Summit Advances Multiple New and
Emerging Property-wide Targets For Ongoing
Exploration at the Buck Project, Central B.C.
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to provide an update from its property-wide targeting initiatives at
the 33,000 hectare Buck Project, central B.C., including the identification of several new highly-
prospective targets which are currently being ranked and prioritized.
Highlights
Property-wide exploration outlines multiple underexplored zones with significant
discovery potential:
Systematic project-wide field exploration has resulted in the delineation of
several exploration targets outside of the Buck Main mineralized system, two of which will be
drilled this quarter (IRK and Eagle Eye; see news release from
February 8, 2023
).
Silverthorne Target - Possible extension of the Buck Main system:
The Silverthorne area is
characterized by local outcropping zones of strong epithermal-style alteration and local polymetallic
veining coincident with anomalous multi-element soil geochemistry, which could indicate a NW
extension of the Buck Main epithermal-related mineralized system.
Morice Mountain Target - Potential for epithermal-related mineralization:
Anomalous
gold+silver in silt samples, together with the presence of widespread propylitic alteration and local
zones of strong phyllic alteration with associated quartz stockworks and sulfide-cemented breccias
suggest the potential of a high-level epithermal system.
Dungate South Target:
Highly anomalous gold in silt samples from two separate creeks in the
Dungate South area suggest potential for gold mineralization in the area. Silt samples are all
located in drainages without known mineralization and represent new exploration opportunities.
Ongoing drill target advancement:
These new targets are being systematically advanced and
prioritized for specific target delineation and drill hole vectoring.
Sharyn Alexander, Sun Summit's President stated: "Our technical team has done an excellent job in
identifying an impressive pipeline of additional targets outside of the existing Buck Main zone, with the
goal of advancing them to the drill-ready stage. Our 2022 property-wide exploration program
successfully allowed us to advance drill targeting on two of these targets, IRK and Eagle Eye. Field
exploration in 2023 is anticipated to result in the generation of additional opportunities across the Buck
Project by utilizing various exploration techniques targeting mineralization under cover. I look forward to
keeping the market updated on our progress at the Buck Property."
Exploration Targets
Silverthorne Target
The Silverthorne target area lies immediately adjacent to the Buck Main system, approximately two
kilometres to the west, and includes the previously identified CC, Gossan West, and Buck West zones
(Figure 1).
Airborne geophysical survey data show subtle NW-SE trending lineaments which broadly follow the
mineralization trend at Buck Main along the Buck Structural Corridor (Figure 1). Anomalous silver in soil
samples define several NW trending areas up to two kilometres in length, although some areas are
thought to be obscured by overlying post-mineralization basalts. Anomalous rock samples taken along
these lineaments also point to a NW-trend to the mineralization. Assay highlights include:
R266334 - 633 g/t Ag, 0.36% Cu, 0.28% Zn
B990482 - 302 g/t Ag, 0.47% Cu, 0.18% Zn
B990484 - 162 g/t Ag, 0.25% Cu, 0.19% Zn
Figure 1. Silverthorne Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/156622_62b612ffa43a1925_001full.jpg
This NW-trend is also seen in outcropping quartz-sulfide veins as well as alteration zones trending from
Buck Main. Mapping and sampling at Silverthorne revealed clay±sericite±silica alteration and local
quartz-sulfide veining coincident with anomalous soil geochemistry. Terraspec analysis of hand samples
indicates alteration is transitioning from sericite-dominant at Buck Main to kaolinite-dominant at
Silverthorne, which could indicate argillic alteration zoning commonly associated with epithermal gold
mineralization.
Several ranked targets have been identified at Silverthorne and will be investigated further in the coming
field season, including the potential for a ground Induced Polarization (IP) survey.
Morice Mountain Target
The Morice Mountain target is located approximately eight kilometres west of Buck Main on the eastern
slopes of Morice Mountain near the western edge of the Buck Project claims (Figure 2). Geological
mapping revealed a broad zone of strong propylitic alteration and a locally broad sericite-silica altered
zone with a stockwork of druzy quartz veins and disseminated pyrite.
Stream sediment samples from eastern drainages on Morice Mountain, downslope from the mapped
alteration and vein zones, display anomalous Au ± Ag; Sample F193415 returned results of 0.06 ppm
Au, sample F193428 returned results of 0.26 ppm Au and 0.6 ppm Ag, and sample F193427 returned
results of 0.25 ppm Au and 0.4 ppm Ag, values which are well above background based on regional
stream sediment sampling programs.
Figure 2. Morice Mountain Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/156622_62b612ffa43a1925_002full.jpg
The mapped alteration and veining in outcrop and anomalous geochemical sample results suggest the
potential for a high-level epithermal system. The mineralization potential at Morice Mountain will be
further investigated in the upcoming field season and will include surface sampling, prospecting and
geological mapping.
Dungate South Target
The Dungate South target is located at the northeast corner of the Buck Property, approximately seven
kilometres to the northeast of Buck Main, in an underexplored portion of the property (Figure 3). A first
pass stream sediment sampling program resulted in two anomalous gold in stream sediment samples
from two separate creeks. These samples were collected in an area of mapped Kasalka Group volcanic
rocks (host rock group at Buck Main) and returned values ~60 times background: sample J030453
returned 0.73 ppm Au and sample J030455 returned 0.83 ppm Au. Neither sample appears to be
derived from a drainage that connects to areas of known mineralization. Additionally, both creeks drain
from sources on the Buck Property, suggesting that a bedrock source of the gold also occurs on the
Buck Property.
Figure 3. Dungate South Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/156622_62b612ffa43a1925_003full.jpg
As no in-depth mapping or surface sampling has been completed in the Dungate South area, soil
sampling, prospecting and geological mapping is warranted to determine if a mineralized bedrock
source can be located.
Quality Assurance and Quality Control
Rock, soil, and stream sediment samples were shipped by a bonded courier in sealed and secure bags
to the ALS Global preparation facilities in Kamloops, BC, or Whitehorse, YT. Samples were prepared
using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS
Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is accredited to ISO
9001/2015 and ISO/IEC 17025:2017 for specific analytical procedures.
Rock samples were analyzed for 33 elements by ICP-AES on a 0.25 gram sample using a four acid
digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish
(method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using
a gravimetric finish on a 30 gram sample. Samples with >100 ppm silver were re-analyzed using a four
acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using a four acid
digestion and ICP-AES finish.
Soil and stream sediment samples were first analyzed for 39 elements including As, Cu, Pb and Zn by
an Olympus Vanta pXRF at the Houston core facility. The accuracy of Cu, Pb and Zn pXRF analyzes was
monitored with OREAS 25a and 131b standards, using certified values. Following completion of the
pXRF analyses at the core yard, samples were shipped to ALS prep facilities as noted above. Gold was
analyzed by fire assay and AAS (Au-AA23) and silver was analyzed by aqua-regia digestion and AAS
(Ag-AA45).
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit's Vice President Exploration, Ken MacDonald, P.
Geo., a "Qualified Person" as defined in National Instrument 43-101,
Standards of Disclosure for
Mineral Projects
of the Canadian Securities Administrators. He has also verified the data disclosed,
including sampling, analytical and test data, underlying the technical information in this news release.
Community Engagement
Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is
discussing their interests and identifying contract and work opportunities, as well as opportunities to
support community initiatives. The Company looks forward to continuing to work with local and regional
First Nations as the project continues.
About the Buck Project
The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby
infrastructure that allows for year-round, road-accessible exploration.
The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system.
Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of
disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade
mineralization has also been intersected near the center of Buck Main.
Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-
zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land
package through systematic exploration programs.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on
expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British
Columbia.
Sun Summit is committed to environmental and social responsibility, with a focus on accountable
development and building respectful and beneficial relationships with Indigenous and local communities.
Further details are available at
www.sunsummitminerals.com
.
Link to Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2023/02/Fig1-Silverthorne-Target-NR.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2023/02/Fig2-Morice-Mtn-Target-NR.jpg
Figure 3:
https://sunsummitminerals.com/wp-content/uploads/2023/02/Fig3-Dungate-S-Target-NR.jpg
For further information, contact:
Sharyn Alexander
President
Roger Blair
Acuity Advisory Corp., Corporate Communications
Tel. 778-588-9606
Forward-Looking Information
Statements contained in this news release that are not historical facts may be forward-looking
statements, which involve risks, uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. Factors that could cause
such differences, without limiting the generality of the following, include: risks inherent in exploration
activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations;
the impact of exploration competition; the ability to raise funds through private or public equity financings;
environmental and safety risks including increased regulatory burdens; unexpected geological or
hydrological conditions; variations in anticipated metal recoveries; changes in government regulations
and policies, including trade laws and policies; failure to obtain necessary permits and approvals from
government authorities; weather and other natural phenomena; and other exploration, development,
operating, financial market and regulatory risks. Except as required by applicable securities laws and
regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.
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