Sun Summit Announces Final Winter 2022 Drilling Results on Buck Property; Drills 29.17 g/t Gold Equivalent over 1.0 Metre Within 3.11 g/t Gold Equivalent over 13.2 Metres at Buck Main, Demonstrating Strong High-Grade Potential
Sun Summit Announces Final Winter 2022
Drilling Results on Buck Property; Drills 29.17
g/t Gold Equivalent over 1.0 Metre Within 3.11
g/t Gold Equivalent over 13.2 Metres at Buck
Main, Demonstrating Strong High-Grade
Potential
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to report the final drill results from its winter 2022 exploration drill
program on its Buck Property, central B.C.
Highlights:
Intersected multiple zones of high-grade and bulk-tonnage style mineralization near the
centre of Buck Main:
BK22-069:
29.17 grams per tonne (g/t) gold equivalent (AuEq) over 1.0 metre
within 3.11
g/t AuEq over 13.2 metres
, within broader zone of 0.91 g/t AuEq over 69.8 metres.
Mineralization open in all directions:
The broad zone of vein-hosted, high-grade
intercepts, central to Buck Main, is unconstrained both laterally and at depth and open for
expansion in all directions.
Multiple broad intervals of near-surface, bulk-tonnage style mineralization identified on
the eastern side of Buck Main:
New drilling demonstrates strong grade continuity.
BK22-067:
2.68 g/t AuEq over 11.3 metres within a broad zone of 0.98 g/t AuEq over 67.6
metres
BK22-075:
2.22 g/t AuEq over 6.0 metres within a broad zone of 1.08 g/t AuEq over 63.5
metres
Notes:
1.
Intervals are downhole core lengths. True widths are unknown.
2.
Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
3.
AuEq assumes metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation:
AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151)+(Ag(g/t)*$Ag/oz*0.032151)+(Zn%*$Zn/lbs*22.0462))/($Au/oz*0.032151).
4. Assay results for individual metals for each AuEq calculation are reported in Table 1.
Sharyn Alexander, Sun Summit's President, stated: "The high-grade intersections in drill holes BK22-
068 and -069 supports our strong view that the Buck Main system has significant high-grade gold
potential. These holes were designed to target high-grade gold-silver-zinc mineralization central to the
system as outlined in previous programs - highlighted by discovery hole BK20-012. The remaining holes
targeted bulk-tonnage style mineralization on the eastern side of Buck Main and were successful in
identifying broad zones of disseminated mineralization in previously untested areas, outlining
considerable exploration potential. Planning for the summer exploration season is ongoing and we look
forward to additional step-out drilling at Buck Main as well as following up on exploration targets
throughout our large property package."
The nature of the high-grade mineralization at Buck Main is complex, hosted in discreet veins and
veinlets with numerous orientations all within broad zones of structural complexity. Based on new
observations and assay results, together with results from the previous grid-based program, the
comprehensive structural model is being refined to better inform the system-scale orientations of
preferential grade-controlling structures.
In addition to the considerable exploration potential west of Buck Main discovered in three step-out holes
(see news release dated
May 3
rd
, 2022
), the extent of near-surface bulk-tonnage style mineralization on
the eastern-side of Buck Main represents an important target. All holes drilled in this area, as well as
holes north of Bob Creek in the same host rocks, have so far intersected significant zones of
disseminated and local breccia-hosted mineralization. Continued efforts will be focused on investigating
the limits of this significant footprint of widespread mineralization.
Table 1. Assay Results
Hole ID
From (m)
To (m)
Int (m)
AuEq (g/t)
Au (g/t)
Ag (g/t)
Zn (%)
BK22-067
10.8
19.4
8.7
0.57
0.34
5.28
0.24
and
87.0
102.9
15.9
0.56
0.31
2.51
0.33
and
141.0
145.0
4.0
2.10
1.26
3.36
1.23
and
155.5
291.5
136.0
0.72
0.50
3.01
0.28
inc
165.4
233.0
67.6
0.98
0.77
2.56
0.27
inc
183.0
194.3
11.3
2.68
2.49
5.63
0.18
and
318.0
327.0
9.0
0.29
0.24
0.52
0.07
BK22-068
8.3
18.0
9.7
0.57
0.37
4.02
0.23
and
50.0
53.0
3.0
1.10
0.87
4.45
0.27
and
60.0
72.9
12.9
0.32
0.24
3.29
0.07
and
115.2
128.8
13.6
1.16
0.99
2.47
0.21
and
155.0
232.5
77.5
0.57
0.48
2.14
0.09
inc
204.6
232.5
27.9
1.02
0.91
1.56
0.13
inc
231.0
232.5
1.5
7.09
7.00
1.40
0.11
and
245.7
256.5
10.8
0.22
0.19
1.19
0.04
and
284.5
290.0
5.5
0.36
0.33
1.14
0.02
and
331.1
338.5
7.4
0.38
0.17
5.55
0.21
and
375.0
423.3
48.3
0.30
0.21
1.76
0.11
inc
416.0
423.3
7.3
0.75
0.72
0.89
0.03
BK22-069
4.0
8.3
4.3
1.24
1.10
4.68
0.12
and
34.0
36.5
2.5
2.27
1.55
8.50
0.94
and
159.9
163.8
3.9
0.23
0.19
2.69
0.01
and
188.5
257.7
69.2
0.27
0.17
1.49
0.12
and
309.2
379.0
69.8
0.91
0.76
6.93
0.09
inc
331.7
358.5
26.8
1.89
1.61
14.36
0.16
inc
331.7
344.9
13.2
3.11
2.75
22.99
0.09
inc
331.7
332.8
1.0
29.17
26.50
199.00
0.14
BK22-073
79.3
90.2
10.9
0.53
0.28
1.96
0.35
and
105.2
125.5
20.3
0.43
0.23
2.05
0.27
and
148.0
155.5
7.5
0.19
0.13
1.04
0.07
and
163.0
178.0
15.0
0.18
0.10
0.71
0.10
and
188.2
206.0
17.8
0.27
0.20
1.84
0.07
and
219.5
237.4
17.9
0.18
0.11
0.78
0.09
and
252.6
355.5
103.0
0.31
0.19
1.56
0.16
inc
318.2
330.8
12.6
0.56
0.49
2.14
0.05
and
384.0
387.0
3.0
0.28
0.17
3.25
0.11
BK22-074
44.0
274.2
230.2
0.50
0.35
2.02
0.18
inc
134.8
174.8
40.0
0.90
0.74
2.90
0.19
inc
153.0
174.8
21.8
1.12
0.97
3.71
0.16
and
290.7
308.0
17.3
0.41
0.35
2.30
0.05
BK22-075
10.0
38.0
28.0
0.23
0.13
1.15
0.12
and
58.0
449.0
391.0
0.56
0.26
3.53
0.39
inc
323.0
386.5
63.5
1.08
0.52
7.53
0.72
inc
323.0
329.0
6.0
2.22
1.37
11.15
1.09
inc
376.8
386.5
9.7
1.62
1.10
16.92
0.47
1. Intervals are downhole core lengths. True widths are unknown. Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
2. AuEq assumes metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151) +
(Ag(g/t)*$Ag/oz*0.032151) + (Zn%*$Zn/lbs*22.0462)) / ($Au/oz*0.032151)
Drill Program
Holes BK22-068 and -069 targeted high-grade, structurally controlled mineralization as well as broad
zones of disseminated gold-silver-zinc mineralization near the centre of the Buck Main epithermal-
related system (Figure 1). The holes were designed to investigate the extent and continuity of high-grade
gold-silver-zinc mineralization intersected in previous programs (e.g., BK20-012: 5.89 g/t AuEq over
17.0 metres including 23.10 g/t AuEq over 3.0 metres, and BK21-020: 31.75 g/t AuEq over 4.0 metres
including 247 g/t AuEq over 0.5 metres; see news releases dated
January 5
th
, 2021
, and
May 11
th
,
2021
). The holes tested a broad gap in drilling above and below BK20-012 (Figure 2). Based on
updated geological modelling, prior to this program, a westerly azimuth was chosen for these holes.
Figure 1. Map showing drill collar locations with selected highlights
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6142/126079_d43d5a4954771913_001full.jpg
Figure 2. EW cross section showing selected highlights
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6142/126079_d43d5a4954771913_002full.jpg
BK22-068, drilled towards the west (Figure 2), intersected multiple zones of strong gold-silver-zinc
mineralization starting at the collar and throughout the entire hole highlighted by 1.16 g/t AuEq over 13.6
metres and 1.02 g/t AuEq over 27.9 metres, including 7.09 g/t AuEq over 1.5 metres, and bottomed in
0.75 g/t AuEq over 7.3 metres (Table 1). BK22-069 was collared 45 metres west of BK22-068 and was
drilled at a similar azimuth and dip. The hole collared in mineralization and intersected numerous broad
zones of gold-silver-zinc mineralization highlighted by 3.11 g/t AuEq over 13.2 metres within broad zone
of 0.91 g/t AuEq over 69.8 metres. This broad interval included a high-grade intercept of 29.17 g/t AuEq
over 1.0 metre associated with vein-hosted quartz-carbonate-sulfide mineralization.
Mineralization in both holes is hosted in a sequence of andesites and sedimentary rocks cut by
northwest-trending quartz-feldspar porphyritic dykes. Higher-grade intervals (Table 1) are hosted in local
quartz + carbonate + sulfide veins associated with broad zones of quartz + sericite + pyrite alteration.
Holes BK22-068 and 069 were drilled at different azimuths compared to the previous grid-based drilling
completed in late 2021 (see news releases dated
January 5
th
, 2022
and
February 22
nd
, 2022
). The aim
was to investigate the potential of oblique and/or conjugate structures within the wider east-west trending
Buck structural corridor. Veins along these orientations would have been missed during the previous
grid-based program, which was drilled with northeast orientations. New insights into this structurally
complex zone are being incorporated into the model to inform the next round of drilling, both within and
peripheral to the Buck Main system.
Holes BK22-067, 073, 074 and 075 targeted bulk-tonnage style mineralization on the eastern side of
Buck Main where previous drilling intersected broad zones of near-surface, strong gold-silver-zinc
mineralization hosted in dacitic volcaniclastic rocks (e.g., BK21-017: 1.25 g/t AuEq over 241 metres
including 2.36 g/t AuEq over 45 metres, and BK21-032: 1.03 g/t AuEq over 187 metres including 4.38
g/t AuEq over 12.3 metres; see news release dated
February 22
nd
, 2022
). Hole BK22-067 was drilled to
the east and tested for mineralization continuity below previous drilling and intersected 0.98 g/t AuEq
over 67.6 metres including 2.68 g/t AuEq over 11.3 metres associated with disseminated and clotted
sphalerite and pyrite. Similarly, hole BK22-075 tested for mineralization continuity above previous drilling
and intersected 1.08 g/t AuEq over 63.5 metres including 2.22 g/t AuEq over 6.0 metres. Hole BK22-
073 was a step-out hole collared 130 metres southeast of BK20-010 and intersected numerous zones of
disseminated gold-silver-zinc mineralization (Table 1) in a previously untested area. Additional drilling to
the south and east is warranted.
Table 2. Drill Collar Locations
Hole
Easting
Northing
Elevation (m)
Azimuth
Dip
Length (m)
BK22-067
654545
6019702
921
98.86
-61.62
327
BK22-068
654547
6019705
920.2
269.33
-63.45
426
BK22-069
654505
6019715
922.7
269.88
-55.45
390
BK22-073
654735
6019454
912.8
357.31
-60.45
413
BK22-074
654654
6019607
902.7
8.69
-63.95
311
BK22-075
654586
6019688
915
78.5
-45.52
449
Coordinates are in UTM NAD83 Zone 9N
Quality Assurance and Quality Control
All sample assay results have been monitored through the Company's quality assurance / quality control
(QA / QC) program. Drill core was sawn in half at Sun Summit's core logging and processing facility in
Houston, B.C. Half of the core was sampled and shipped in sealed and secure bags to the ALS Global
preparation facilities in Kamloops, Langley or North Vancouver, B.C. 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 registered to ISO / IEC
17025:2017 accreditations for laboratory procedures.
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid
digestion (method ME-MS61L). 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.
In addition to ALS Global laboratory QA / QC protocols, Sun Summit implements an internal QA / QC
program that includes the insertion of duplicates, standards and blanks into the sample stream.
AuEq incorporates metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq
(AgZn) (g/t) = ((Au(g/t)*$Au/oz*0.032151) + (Ag(g/t)*$Ag/oz*0.032151) + (Zn%*$Zn/lbs*22.0462)) /
($Au/oz*0.032151)
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit's CEO, Robert D. Willis, P. Eng., 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 Property 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.
Corporate Communications Contract Terminated
Sun Summit also advises that it and Jasper Gatrill and have mutually agreed to terminate his corporate
communications services contract announced April 14, 2022.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and
zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near
the town of Houston in central B.C.
The Company is exploring multiple high priority targets through systematic exploration campaigns with
excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and
bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes
many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible
development to generate positive outcomes for all stakeholders.
Further details are available at
www.sunsummitminerals.com
.
Link to Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/05/SunSummit_BuckMainPlanMap_Updated-
scaled.jpg
Figure 2:
https://sunsummitminerals.com/wp-
content/uploads/2022/05/SunSummit_BuckMainCrossSectionMap_Updated.jpg
For further information, contact:
Sharyn Alexander
President
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; 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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