Sun Summit Defines High Priority Au-Ag Targets at the Finn Zone, JD Project in the Toodoggone District, North-Central B.C.
Sun Summit Defines High Priority Au-Ag
Targets at the Finn Zone, JD Project in the
Toodoggone District, North-Central B.C.
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2024) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to announce that it has identified high priority gold and silver drill
targets at the Finn zone, central to the recently optioned JD Project in the Toodoggone gold-copper
mining district in north-central British Columbia.
Highlights:
Significant data compilation has defined priority targets:
An ongoing comprehensive review
and compilation of property-wide historical data has resulted in the definition of multiple new target
areas, including mineralization expansion potential within the Finn Zone.
High-grade gold and silver mineralization in historical drill holes at Finn:
Results from
historical drilling highlight the high-grade gold-silver potential of near-surface epithermal-related
mineralization at the Finn zone. Select drill highlights* include:
35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au
(JD95-047
1)
22.0 m of 12.5 g/t Au including 0.8 m of 171.5 g/t Au
(JD95-064
2
)
25.9 m of 6.42 g/t Au including 6.1 m of 12.8 g/t Au
(JD94-015
1
)
22.0 m of 6.32 g/t Au including 12.6 m of 10.8 g/t Au
(JD12-003
2
)
27.8 m of 6.64 g/t Au including 11.0 m of 15.1 g/t Au
(JD95-097
2
)
Multiple target areas defined for follow-up drill testing
: The footprint of mineralization at the
Finn zone remains open in most directions, and historical data review identified numerous priority
areas for initial drill testing to better define the extent of mineralization along-strike, down-dip and
at depth. In addition, many historical drill holes were selectively sampled and the current data
review suggests that many of these unsampled areas were in prospective geology.
* Note drill intervals are downhole core lengths. True widths are unknown.
"We are very excited to have commenced the compilation and review of historical exploration data from
across the JD Project area as a means of
identifying high-priority targets within the project, and
specifically at the Finn and Creek zones
," stated Sharyn Alexander, Sun Summit's President. "This
data compilation is the first of its kind for the project, and is a critical component to ongoing target
generation and prioritization. The extensive historical data, dating back to the 1970's will
provide
invaluable insights into the ongoing exploration potential of the project and lead to boots-on-
ground exploration work, expected to commence in late May of this year
. As the data compilation
and review process progresses, we'll continue to report on additional target areas as they emerge."
JD Project Overview
The JD Project comprises over 15,000 hectares of contiguous mineral claims in the prolific Toodoggone
gold-copper mining district in north-central British Columbia. The project is host to high-grade
epithermal-related gold-silver systems and porphyry-related copper-gold systems (Figure 1).
Figure 1. JD Project showing key target areas
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/196403_61b77bf194d8e875_001full.jpg
The Company is currently compiling, digitizing, and interpreting all historical exploration data collected
since the early 1970s and reported in over 70 public assessment reports. This data compilation will
represent a
critical component to ongoing target selection and prioritization
. Exploration data
includes approximately 16,000 soil samples, 2,000 rock samples, 130 trenches, over 330 drill holes, and
numerous ground- and airborne-based geophysical datasets.
Finn Zone
Most of the historical drilling at the JD Project was
focused on the
Finn target where a broad zone
of near-surface, epithermal-related gold-silver mineralization has been defined
(Figure 2).
Mineralization is primarily hosted in the hanging wall of a gently north-dipping, northeast-striking, inferred
reverse fault (Figure 3). The fault, traced for over 1.5 kilometres along strike to the west from the Finn
zone, separates two andesite-dominant lithological units of the Toodoggone Formation (Metsantan and
McClair members). Faulting and subsequent mineralization likely exploited a volcaniclastic unit, at the
base the Metsantan member, where epithermal-related fluids were focused along permeable volcanic
breccias.
Figure 2. Historical drill collars and select downhole Au intervals at the Finn zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/196403_sunsummitfigure2.jpg
The core of the Finn zone consists of strongly silica+clay+sericite altered polymictic breccias, locally
cemented with quartz and mineralized with pyrite with lesser sphalerite, galena, and chalcopyrite.
Peripheral to the high grade core, epithermal-related alteration grades into sericite+chlorite+pyrite and
more distal epidote+chlorite+/-hematite assemblages.
Most of the drilling from the 1990s at the Finn zone targeted the higher-grade core covering a footprint of
approximately 300 metres by 100 metres within which drill holes were mostly collared on 25 metre
centres. Although drilling, logging and surveying methods were completed to industry standards, core
sampling was locally selective and left significant gaps in sampling. Some drill holes ended in Au-Ag
mineralization and were not followed up with additional drilling. More recent drilling in 2012 and 2013
tested the margins of the Finn zone and extended the zone of mineralization down-dip for 350 metres
and along strike for 500 metres.
Based on this review of historical drilling at the Finn zone,
numerous priority areas for initial drill
testing have been defined
. These include:
Infill drilling near the center of the high-grade core to verify historical grades, confirm structural
controls while drilling deeper to investigate the geometry and grade of the locally strongly
mineralized footwall zone (e.g., JD12-009).
Step-out drilling down-dip towards hole JD12-015 to investigate mineralization continuity and to
explore for additional higher-grade zones.
Step-out drilling along-strike towards hole JD13-024 to systematically test the low-angle fault zone
for additional Finn zone-style high-grade gold-silver mineralization.
Data compilation is ongoing and additional target areas will be reported as the process continues.
Figure 3. North-south section of the high grade core of the Finn zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/196403_sunsummitfigure3.jpg
Table 1. Select historical drillhole intercepts from the Finn zone
Drill Hole
From (m)
To (m)
Interval (m)*
Au (g/t)
Ag (g/t)
JD94-15
15.8
41.8
25.9
6.4
8.4
including
34.1
40.2
6.1
12.8
6.4
JD94-16
9.8
39.0
29.3
3.7
12.3
including
31.1
37.2
6.1
10.9
8.9
JD94-18
4.6
26.8
22.3
6.1
7.2
including
14.3
20.4
6.1
18.5
13.0
JD94-24
7.9
28.7
20.7
4.9
8.4
including
16.2
25.6
9.4
9.6
10.5
JD95-47
38.9
74.6
35.7
7.26
94.1
including
51.0
74.6
23.6
10.9
135.6
including
66.0
67.0
1.0
215.4
307.8
JD95-64
20.0
42.0
22.0
12.5
25.1
including
25.2
38.0
12.8
20.3
35.5
including
25.2
26.0
0.8
171.5
1.0
JD95-76
34.0
79.0
45.0
3.0
143.2
including
52.0
57.0
5.0
8.2
917.7
including
65.6
77.0
11.4
6.9
14.1
JD95-85
17.4
37.5
20.1
7.4
37.7
including
23.0
35.5
12.5
11.8
45.3
JD95-97
3.1
30.9
27.8
6.6
51.8
including
15.0
26.0
11.0
15.1
107.8
JD95-124
8.2
15.0
6.7
13.4
10.8
including
11.7
15.0
3.3
21.4
11.5
JD12-02
26.0
57.5
31.5
3.6
52.2
including
53.0
56.0
3.0
13.0
23.8
JD12-03
22.0
44.0
22.0
6.3
46.3
including
30.0
42.6
12.6
10.8
65.7
JD12-09
3.1
94.0
91.0
1.0
2.4
including
3.1
46.0
43.0
1.9
3.6
including
29.0
40.0
11.0
2.5
5.5
JD12-15
82.0
138.0
56.0
0.9
1.6
including
86.0
112.0
26.0
1.3
2.4
including
94.0
102.0
8.0
3.0
3.2
JD13-24
113.0
125.0
12.0
1.8
38.1
including
119.0
124.3
5.3
3.7
39.5
* Note drill intervals are downhole core lengths. True widths are unknown.
National Instrument 43-101 Disclosure
This news release has been reviewed and 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 not been able to
verify the historical exploration data disclosed, including sampling, analytical and test data, underlying
the technical information in this news release since such data is historical and the original drill core is not
readily available. Technical information contained in this release is historical in nature and has been
compiled from public sources believed to be accurate. The technical information has not been verified by
Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill
core and grab samples.
Community Engagement
Sun Summit is engaging with First Nations on whose territory our projects are 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 with ongoing exploration.
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly
prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in
close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and
Ranch projects, TDG Gold's Baker-Shasta projects, Centerra's Gold's Kemess East and Underground
projects, as well as the past-producing Kemess open pit copper-gold mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the
Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess
mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal
gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historic
exploration, including drilling, geochemistry and geophysics, has been carried out on the property,
however the project area is largely underexplored.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on
expansion and discovery of district scale gold and copper assets in British Columbia. The Company's
diverse portfolio includes the Buck Project in central B.C, and the JD Project in the Toodoggone region
of north-central B.C.
Further details are available at
www.sunsummitminerals.com
.
References
1
.
Krause, R.G. (1995), 1994 Geological and Geochemical Report on the JD Gold Silver Property,
Toodoggone River Area, Omineca Mining Division, British Columbia, Assessment Report
Indexing System, Report 23663,
https://apps.nrs.gov.bc.ca/pub/aris
.
2
.
Krause, R.G. (1996), 1995 Geological Report on the JD Gold Silver Property, Toodoggone
River Area, Omineca Mining Division, British Columbia, Assessment Report Indexing System,
Report 24284,
https://apps.nrs.gov.bc.ca/pub/aris
.
3
.
McBride, S. (2013), 2012 Geological, geochemical and diamond drilling report on the JD
Property, Assessment Report Indexing System, Report 33556,
https://apps.nrs.gov.bc.ca/pub/aris
.
4
.
McBride, S. and Leslie, C. (2014), 2013 Geological, geophysical and diamond drilling report on
the JD Property, Assessment Report Indexing System, Report 34762,
https://apps.nrs.gov.bc.ca/pub/aris
.
Link to Figures
Figure 1:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/01/Fig1-JD-Project-
Overview.jpg
Figure 2:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/01/Fig2-JD-Finn-
Drilling-Overview-v2.jpg
Figure 3:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/01/Fig3-JD-Finn-
Section-v2.jpg
On behalf of the board of directors
Brian Lock
For further information, contact:
Sharyn Alexander
President
Matthew Benedetto
Simone Capital
Tel. 416-817-1226
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. In addition, the forward-
looking statements require management to make assumptions and are subject to inherent risks and
uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate,
that the management's assumptions may not be correct and that actual results may differ materially from
such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-
looking statements. Generally forward-looking statements can be identified by the use of terminology
such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential"
and similar expressions. Forward-looking statements contained in this press release may include, but
are not limited to, potential mineralization on the JD Project and the Buck Project, exploration plans, and
engagement with First Nations communities. These forward-looking statements are based on a number
of assumptions which may prove to be incorrect which, 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. The forward-looking statements contained
in this press release are made as of the date hereof or the dates specifically referenced in this press
release, where applicable. 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. All
forward-looking statements contained in this press release are expressly qualified by this cautionary
statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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