Sun Summit Completes Property-Wide High- Resolution Airborne VTEM Geophysical Survey Across the Buck Property; Exploration Planning in Progress
Sun Summit Completes Property-Wide High-
Resolution Airborne VTEM Geophysical
Survey Across the Buck Property; Exploration
Planning in Progress
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2022) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to announce the completion of a high-resolution VTEM (Versatile
Time Domain Electromagnetic) geophysical survey across the Buck Property, central British Columbia.
Highlights
Property-wide geophysical survey complete:
Over 1,800 line kilometres of high-resolution
geophysical data was acquired from across the 33,000 hectare property.
High-resolution data to assist with target generation:
Preliminary VTEM results are being
interpreted together with compiled geological and geochemical data to define areas considered
prospective for Buck-style epithermal-related gold-silver-zinc mineralization as well as porphyry-
related copper mineralization.
Reinterpretation of historic datasets:
Reassessment of existing geophysical and geochemical
data will aid in generating a prospectivity assessment to enhance targeting.
Property-wide surface exploration to follow:
Field crews will be mobilised following
geophysical data interpretation to conduct focused geological and structural mapping and soil
geochemical surveys across priority target areas.
Drill planning in progress:
Targets within and peripheral to the Buck Main system are currently
being prioritised and drill hole planning is ongoing.
Strong financial position:
The Company is well capitalized with over $5.0 million in the treasury.
Sharyn Alexander, Sun Summit's President, stated: "The primary goal of the VTEM geophysical survey
was to obtain important new data from across the large property to identify and prioritise zones of high
prospectivity outside of the Buck Main zone. This new data, together with compiled and reinterpreted
historic and recently acquired exploration data, will provide our technical team with a robust dataset to
build on this summer with the primary goal of discovery. We are excited to use this information to
potentially expand existing targets and identify new targets across our property, and look forward to
starting our field programs shortly."
Geophysical Survey
The company engaged Geotech Ltd. to carry out the helicopter-borne VTEM geophysical survey across
the Buck property (see news release from
June 14
th
, 2022
). The over 1,800 line kilometre survey was
conducted on east-west oriented lines spaced 200 metres apart. Preliminary maps of the data have
been supplied by Geotech and final processed data and reporting is expected in the coming weeks.
The focus is to investigate the electromagnetic signature of the Buck Main epithermal-related system
and to look for comparable signatures across the entire property. These potential anomalies, together
with other signatures interpreted to be related to additional mineralization styles, including porphyry-
related, will be ranked and prioritised. Follow-up geological and geochemical surveys will commence
shortly after all data has been fully interrogated and target areas are prioritized.
Data Compilation and Interpretation
A recent focus has been the compilation and reassessment of all historic and recently acquired
geophysical and geochemical data from across the property. This updated compilation and rigorous
data analysis (e.g., prospectivity assessment) was considered critical to systematically assess the
relevance of 1980's and 1990's vintage data compared to more recent exploration data. Data from over
9,000 soil, 1,900 rock, and 100 silt geochemical samples and multiple IP (induced polarization),
airborne and ground magnetic surveys are now being used with improved levels of confidence and
weighting to help interpret the high-resolution VTEM data and develop new target areas.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit's Senior Advisor, 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.
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
.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/130801