Sun Summit Appoints Sharyn Alexander as President and Provides Update on Its Exploration Drill Program at Buck
Sun Summit Appoints Sharyn Alexander as
President and Provides Update on Its
Exploration Drill Program at Buck
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) - Sun Summit Minerals Corp.
(TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide a corporate
update and inform shareholders on drilling progress at its 100% controlled Buck Property, central British
Columbia. Two drill rigs are currently operating on site.
Highlights
Strengthens executive team by appointment of Sharyn Alexander to the position of
President:
Ms. Alexander brings a wealth of experience in mineral exploration including most
recently Vice President Technical Services for Sun Summit.
Systematically testing the lateral and vertical extent of high-grade gold mineralization:
Twenty holes have been drilled so far in the Trench Zone targeting vein-hosted high-grade gold
mineralization (e.g., 31.6 grams per tonne (g/t) gold over 4.0 metres including 246 g/t gold over 0.5
metres; BK21-020, see news release dated
May 11
th
, 2021
).
Expanding the footprint of near-surface, bulk tonnage-style gold mineralization:
Eight
holes have been drilled so far in the Horseshoe and Trench zones stepping-out from known zones
of near-surface, bulk tonnage-style gold mineralization (e.g., 1.07 g/t gold over 109 metres
including 7.17 g/t gold over 5.2 metres; BK21-017, see news release dated
May 11
th
, 2021
).
Assay and geochemical analyses underway:
Core samples from 15 holes have been sent to
the lab for assay with additional core shipments being sent bi-weekly.
"We are very pleased to appoint Ms. Alexander to co-lead our executive team," Bob Willis, Sun
Summit's CEO, stated. "Over the past few years, she has been instrumental in her role as Vice-
President, Technical Services in facilitating and managing numerous aspects of our corporate and
exploration activities. I look forward to working closely with her as our company continues to
systematically advance the Buck Property while maintaining the Company's standards and best
practices."
Sharyn Alexander, Sun Summit's President, commented, "I am very excited to take on new challenges
and lead the company through a very exciting time of growth and discovery. We are aggressively drilling
at Buck with two rigs and the program is moving along as planned. I look forward to continuing to closely
work with the executive team on the implementation of various strategic initiatives with the goal of
delivering additional exploration success."
Drill Program
The current drill program has three primary objectives (see news release dated
October 13
th
, 2021
), 1)
investigate the extent and continuity of high-grade gold mineralization characteristic of the Trench Zone,
2) investigate the strike-extent of near surface, bulk-tonnage gold mineralization characteristic of the
Horseshoe Zone, and 3) investigate the limits of the mineralized hydrothermal footprint.
All three
objectives are being systematically addressed with two diamond drill rigs and a team of
experienced exploration geologists continuously evaluating and amending the exploration
model.
Over 10,000 metres were initially planned to be drilled within a footprint of approximately 600 metres by
300 metres (see news release dated
September 28
th
, 2021
).
Twenty-eight holes
totalling over
8,000 metres have been completed so far. Based on encouraging visual observations from
numerous holes, multiple new holes are being planned.
Intervals of pervasive silica and sericite alteration peripheral to quartz-feldspar porphyritic dykes with
associated quartz-sulfide veinlets and stockworks have been observed in multiple holes in the Trench
Zone. These prospective zones are hosted in fine grained sedimentary and intermediate volcaniclastic
rocks. The contact of these bedded rocks with thick sequences of poorly-sorted and chaotic dacitic lapilli
tuffs is interpreted to be a partial control on the distribution of gold-bearing, sphalerite-rich sulfide-
cemented breccias of the Horseshoe Zone. This interpreted structural contact has been modelled to be
northwest trending. Additional drilling is planned to test along this trend between the Trench and
Horseshoe zones with the aim of expanding zones of near-surface mineralization while investigating the
relationships between the two mineralization styles.
Core samples are being dispatched from the Company's core logging facility in Houston, B.C. to ALS
Global preparation facilities in Kamloops, Langley and North Vancouver, B.C.
Samples from the first
14 holes are in the lab, and more are anticipated to arrive in the coming days
.
Sharyn Alexander
Ms. Alexander is a geologist with over 15 years of experience in mineral exploration and mining. She
has worked with a number of companies such as B2Gold, Barrick (Australia), and SRK Consulting. Her
diversified skillset includes project management, business development, strategic planning, relationship
building, social responsibility, investor relations, and marketing. Ms. Alexander earned her Bachelor of
Science (Geology) from McMaster University, her Masters of Science (Geology) from the University of
Toronto, and she holds an Advanced Diploma in GIS from BCIT.
Buck Property
The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British
Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
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.
Health and Safety
The Company's exploration programs are being carried out in full compliance with federal, provincial,
and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a
rigorous infection prevention and control protocol in place to protect the health of employees and
contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at
its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded
exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage
gold and silver potential and is located in a mining-established 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
For further information, contact:
Sharyn Alexander, M.Sc.
President
Nancy Curry
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; 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 Minerals Corp.
(SMN) 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/101718