Sun Summit Commences Property-Wide Exploration Program Focused on Advancing Multiple Precious Metals Targets at the Buck Project
Sun Summit Commences Property-Wide
Exploration Program Focused on Advancing
Multiple Precious Metals Targets at the Buck
Project
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) has commenced its multi-stage exploration program being conducted across
its 52,000 hectare Buck Project, central British Columbia. The program will
focus on
exploration at
several high-priority precious metals targets, including prospective known targets within the newly
obtained CR property recently acquired from Teck Resources (see
June 1, 2023
news release).
Highlights
Exploration aimed at discovery:
High-priority targets will undergo detailed field work following
up on previous exploration results. The Mount Morice target was
identified
from highly anomalous
gold and silver creek silt samples (see
March 1, 2023
news release). In addition, ~9,000 hectares
recently staked along the south and western boundaries of Buck will be prospected and sampled
in detail (see
March 7, 2023
news release).
Precious metals potential at CR:
Field work will also focus on the recently acquired CR project
(see
June 1, 2023
news release). Previous exploration by others has mapped notable occurrences
of gold and silver mineralization that have only seen limited follow-up exploration to date.
Exploration permits in place:
Property-wide exploration permits will allow drilling to be
conducted throughout the expanded land package.
Drilling has commenced at Buck Main:
Drilling in untested areas at Buck Main has begun
targeting new zones of potential high-grade and bulk-tonnage mineralization. Field exploration will
run concurrently with drilling at Buck Main and is expected to continue through to August.
Sharyn Alexander, Sun Summit's President, stated: "Surface exploration is being conducted across the
project area to advance known targets, following up on encouraging results from the 2022 exploration
program, and will include widespread prospecting, mapping, and sampling campaigns with the aim of
target generation and development of drill targets. It will be a busy summer for Sun Summit, with
expectations to expand and continue field work into the fall. The program will provide steady news flow
from a combination of drill assay results, rock, soil, and silt sampling results, and potential new target
delineation for ongoing exploration and drill testing."
Field Exploration
Surface exploration will include detailed mapping, sampling and prospecting in the area to the west of
Buck Main, specifically at the Mount Morice target and CR property (Figure 1), and will run concurrently
with the drilling at Buck Main.
Figure 1. Exploration target areas at Mount Morice and CR
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/171350_c85725d504216acc_001full.jpg
Work at Mount Morice is following up on highly anomalous gold and silver creek silt samples and will
include mapping and prospecting and infill silt sampling. Geological mapping in 2022 revealed a broad
zone of strong alteration with a stockwork of quartz veins and disseminated pyrite. Stream sediment
samples from eastern drainages on Mount Morice, downslope from the mapped alteration and vein
zones, display highly anomalous gold and silver. Samples returned results well above background based
on regional stream sediment sampling programs, including
0.26 ppm Au and 0.6 ppm Ag
(sample
F193428), and
0.25 ppm Au and 0.4 ppm Ag
(sample F193427; Figure 1).
Field work will also be conducted on the adjoining CR property to the west, and will include
reconnaissance mapping, prospecting and targeted soil and stream sediment sampling. A large
chargeability anomaly, located in the northern section of CR, has seen limited exploration. The anomaly
is associated with strong zinc in soils, as well as rock samples that have returned values of
0.4 g/t Au
and 31.7 g/t Ag
(sample 3233760; Figure 1).
The CR property has seen several exploration campaigns including soil, rock, and silt sampling, airborne
and ground geophysics, as well as diamond drilling. The most significant drill intercepts to date are
reported from the South Zone, and include 68 metres∞ at 0.50% Cu, 0.015% Mo in CR05-03; and 168
metres∞ at 0.37% Cu, 0.017% Mo in CR07-14*.
∞Intervals are downhole core lengths. True widths are unknown.
*Kraft et al, 2019, Year-End Report on Geophysical, Geological and Geochemical Work Conducted During 2019, CR Mineral Tenure, Omineca Mining
Division, BC Ministry of Energy and Mines, AR 39054, 352 p
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 Figure
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig-1-Buck_MoriceMtn_CR_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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