Sun Summit Commences Drilling on New High Priority Targets on the Buck Project
Sun Summit Commences Drilling on New High
Priority Targets on the Buck Project
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to announce that it has commenced drilling on two new high priority
targets at the 43,000 hectare Buck Project, central British Columbia.
Highlights
Initial 2,000 metre program:
The drill program will include approximately 2,000 metres of
diamond drilling at two newly delineated and previously untested drill targets (
IRK
and
Eagle Eye
),
with substantial new discovery potential, based on recent exploration results (see news release
dated
February 8, 2023
). This is the first drill program undertaken by the Company outside of the
Buck Main Zone.
IRK Target:
An initial 1,200 metres of drilling is planned to test anomalous silver, zinc, lead and
copper in soil and rock samples, which are spatially coincident with geophysical lineaments,
interpreted to potentially represent structurally-controlled epithermal-related Au-Ag-Zn vein
mineralization. Drilling will systematically test the strongest coincident anomalies across the broad
IRK target.
Eagle Eye Target:
Approximately 800 metres of diamond drilling will focus on testing a strong
high-chargeability anomaly associated with a broad zone of intense phyllic alteration interpreted to
represent distal alteration related to a concealed porphyry target. Drilling will focus on testing the
strongest coincidental anomalies at depth.
Ongoing exploration:
The Company is continuing with exploration targeting throughout the
project area, including Silverthorne, Morice Mountain, and Dungate South, which are being refined
to establish geologic model and scale in advance of final drill hole vectoring. Additional targets at
Buck Main are being developed, where a drill program conducted in fall 2022 (see news release
dated
January 19, 2023
) demonstrated strong ongoing expansion potential.
"This is a very exciting drill campaign at the Buck Project where we'll be testing two new targets that have
never before been drill tested," stated Sharyn Alexander, Sun Summit's President. "The potential for new
discoveries on the project is very high and our systematic approach to exploration targeting gives
excellent potential to develop drill-worthy targets outside the existing Buck Main mineralized zone.
Drilling at these two new targets and continued development of additional high priority exploration
targets across the project area will provide steady news flow in the near term."
Drill Program
Exploration crews have mobilized to the site and drilling is underway at the first target, Eagle Eye. After
completion of approximately 800 metres of drilling at Eagle Eye, the drill will mobilize further south to the
IRK Zone where approximately 1,200 metres of drilling will be completed.
The Eagle Eye target is located three kilometres southwest of Buck Main and is characterized by a
strong chargeability-high anomaly associated with outcropping quartz-sericite-pyrite (phyllic) altered
volcanic and intrusive rocks (Figure 1). The center of the chargeability-high anomaly is also coincident
with a broad magnetic-high anomaly interpreted to reflect a deep and concealed magnetic source, such
as a porphyry.
Figure 1. Map showing drill target area at Eagle Eye
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/158474_316e3b2cf49abbe5_001full.jpg
The IRK target is located 11 kilometres south of Buck Main and is characterized by extensive silver-zinc-
lead-copper coincidental soil and rock geochemical anomalies associated with numerous N-S trending
high-resistivity and high-chargeability lineaments (Figure 2), which could indicate structurally-controlled
epithermal-related Au-Ag-Zn vein mineralization.
Although mostly concealed by young till and soils, the IRK target is interpreted to be underlain by volcanic
and volcaniclastic rocks of the Late Cretaceous Kasalka Group. These prospective rocks host
epithermal-related mineralization at Buck Main and also epithermal-related mineralization at the
Blackwater and Capoose gold-silver development projects (Artemis Gold Inc.) and high-grade silver-
base metal veins at Silver Queen (Equity Metals Corp.).
Figure 2. Map showing drill target area at IRK
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/158474_316e3b2cf49abbe5_002full.jpg
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/2023/03/Fig-1-EagleEye_Targeting_Mar_NR.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2023/03/Fig-2-IRK_Targeting_Mar_NR.jpg
For further information, contact:
Sharyn Alexander
President
Roger Blair
Acuity Advisory Corp., Corporate Communications
Tel. 778-588-9606
F
orward-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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/158474