Sun Summit Announces Commencement of Expansion Drilling at Its Buck Main Precious Metals Project in Central B.C.
Sun Summit Announces Commencement of
Expansion Drilling at Its Buck Main Precious
Metals Project in Central B.C.
Vancouver, British Columbia--(Newsfile Corp. - June 8, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to announce the commencement of drilling at its Buck Main project,
which marks the beginning of a multi-stage exploration program across its 52,000 hectare project area
in central British Columbia.
Highlights
Significant drilling at the Buck Main zone:
Approximately 3,500 metres over 15 priority
diamond drill holes in previously untested areas, both laterally and at depth.
Improved understanding of controls on mineralization:
Recent drill intercepts at Buck Main
were incorporated into an updated 3D model which has led to an improved understanding of the
geological and structural controls of
mineralization, which will assist in ongoing drill planning and
targeting.
Drilling designed to test untested areas:
Planned drill holes will test recently recognized fault
structures and veins that are often associated with high-grade mineralization elsewhere within the
Buck Main zone.
"We have acquired and expanded a significant land package in an emerging polymetallic belt in central
B.C., and our recent oversubscribed financing allows us to hit the ground running," stated Sharyn
Alexander, Sun Summit's President. "Updating our geological modelling and structural analysis at Buck
Main has led to a refinement of the known controls on mineralization. This new understanding has helped
in the planning of step-out drill holes focused on targeting new zones of potential high-grade and bulk-
tonnage mineralization. In addition, our multi-stage exploration program will provide ongoing newsflow
throughout the summer as we continue to explore emerging targets on our expanding project area."
Buck Main Drilling
Drilling at Buck Main is expected to commence mid-June
and will initially consist of approximately
3,500 metres over 15 drill holes. The drill program was designed to test the potential high-grade core of
the epithermal-related gold-silver-zinc system with a particular focus on previously unrecognized fault
structures and high-density vein zones.
Drilling will incorporate new insights from the recently updated 3D model which allowed for the
refinement of host lithologies and structures that are thought to control emplacement of hydrothermal
breccias and vein sets in the overall structural corridor setting. In particular, modeling has allowed for the
refinement of sub-units of key host andesitic volcaniclastic and dacitic pyroclastic rocks with a particular
focus on structural controls that appear to define host plunge orientations thus far unrecognized at Buck
Main. Modeling also revealed quartz feldspar dykes (QFPs) likely were emplaced in a later
mineralization event. Other targets include hydrothermal breccias thought to occur at the modeled
intersection of growth and transform faults, and presumed heavily disseminated mineralization domains
where growth faults may project into coarse, dacitic pyroclastic sub-units. Additional drilling will be
considered based on a successful outcome.
Figure 1. Proposed drill areas at Buck Main
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/169177_eb2cb577d4966982_001full.jpg
Since 2020, the Company has completed 84 drill holes at Buck Main for over 30,000 metres.
Results
demonstrate significant mineral deposit potential with district wide size and scale
opportunities. Recent
drilling focused on expanding the footprint of near-surface bulk tonnage-style mineralization and
demonstrated strong expansion potential to west, north and south. The known mineralized footprint
measures over one kilometre in strike length with mineralization open in all directions.
Broad zones of bulk tonnage-style disseminated mineralization
are indicated by:
0.71 g/t Au, 5.6 g/t Ag, 0.62% Zn over 187 m (BK21-033)
1.07 g/t Au, 5.5 g/t Ag, 0.65% Zn over 109 m (BK21-017)
Significant high-grade mineralization
is indicated by:
49.6 g/t Au, 10.8 g/t Ag, 0.06% Zn over 1.5 m (BK20-012)
246 g/t Au, 66.7 g/t Ag, 0.02% Zn over 0.5 m (BK21-020)
38.0 g/t Au, 137 g/t Ag, 5.9% Zn over 1.1 m (BK22-083)
Note drill intercepts are measured downhole and are not true widths.
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 Canadian mineral exploration company
focused on expansion and discovery of district scale gold and copper assets 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/2023/06/Fig1_Buck_Drilling_June8_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; the impact of exploration competition; unexpected geological or hydrological conditions;
changes in government regulations and policies, including trade laws and policies; failure to obtain
necessary permits and approvals from government authorities; volatility and sensitivity to market prices;
volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public
equity financings; environmental and safety risks including increased regulatory burdens; 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, except as required by applicable securities laws.
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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