Sun Summit Discovers Strong Gold-Silver- Zinc Mineralization West of Buck Main: Drills 1.09 g/t Gold Equivalent over 73.5 Metres Including 2.20 g/t Gold Equivalent over 10.30 Metres in an Area That Remains Open in All Directions
Sun Summit Discovers Strong Gold-Silver-
Zinc Mineralization West of Buck Main: Drills
1.09 g/t Gold Equivalent over 73.5 Metres
Including 2.20 g/t Gold Equivalent over 10.30
Metres in an Area That Remains Open in All
Directions
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2022) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to report initial drill results from its winter 2022 exploration drill
program and the discovery of new zones of bulk-tonnage style gold-silver-zinc mineralization on its Buck
Property, central B.C.
Highlights
Discovered new zone of strong gold-silver-zinc mineralization:
Westernmost step-out holes
intersected numerous zones of strong mineralization in a previously untested area.
BK22-070:
1.09 g/t gold equivalent (AuEq) over 73.5 metres
including
2.20 g/t AuEq over
10.3 metres
and
1.50 g/t AuEq over 17.0 metres
within
0.84 g/t AuEq over 117.7
metres
.
BK22-071:
1.31 g/t AuEq over 18.0 metres
within
0.75 g/t AuEq over 47.7 metres
.
1
.40 g/t AuEq over 12.0 metres
including 2.63 g/t AuEq over 6.0 metres.
1.44 g/t AuEq over 13.0 metres
including
11.37 g/t AuEq 0.8 metres
.
1.65 g/t AuEq over 7.6 metres including
9.57 g/t AuEq over 1.1 metres
.
BK22-072:
1.12 g/t AuEq over 23.0 metres
including
12.03 g/t AuEq over 1.5 metres
.
6.53 g/t AuEq over 1.5 metres.
1.36 g/t AuEq over 12.8 metres
and 0.97 g/t AuEq 51.4 metres within
0.68 g/t
AuEq
over 145.0 metres
.
1.66 g/t AuEq over 10.9 metres
within 0.81 g/t over 36.8 metres.
Opens exploration potential significantly to the west, south and at depth of Buck Main:
Cumulative grade thickness through all zones of mineralization in new holes compares
favourably with other holes drilled some 500 metres to the east.
A systematic follow-up drill program is currently being planned to fully evaluate the scale
and potential of this new discovery.
The results of the remaining six holes are pending.
Notes:
1
.
Intervals are downhole core lengths. True widths are unknown.
2
.
Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
3
.
AuEq assumes metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation:
4
.
AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151)+(Ag(g/t)*$Ag/oz*0.032151)+(Zn%*$Zn/lbs*22.0462))/($Au/oz*0.032151).
5
.
Assay results for individual metals for each AuEq calculation are reported in Table 1.
Sharyn Alexander, Sun Summit's President, stated: "These western step-out holes at Buck have
significantly expanded our exploration footprint and provided us with a compelling priority target for
systematic follow-up drilling. The style, polymetallic nature and grade of the new discovery zone are very
similar to what is found in the Horseshoe zone 500 metres to the east. These holes strongly confirm our
belief that we are just beginning to scratch the surface of the Buck Main system, where the limits of
mineralization are still unconstrained."
"We await the results from six more holes currently in the lab. Once all results have been reported, we will
compile the data, generate an updated geological model and design a systematic follow-up drill
program testing these new zones of mineralization as well as previously discovered targets."
Table 1. Assay Results
Hole ID
From (m)
To (m)
Int (m)
AuEq (g/t)
Au (g/t)
Ag (g/t)
Zn (%)
BK22-070
33.2
98.0
64.8
0.37
0.17
7.99
0.15
and
140.0
211.7
71.7
0.35
0.21
3.13
0.16
and
303.0
315.0
12.0
0.57
0.34
6.91
0.21
and
333.0
369.5
36.5
0.38
0.18
3.15
0.25
and
375.9
493.6
117.7
0.84
0.43
8.20
0.46
inc
385.5
459.0
73.5
1.09
0.57
11.00
0.59
inc
385.5
395.8
10.3
2.20
1.11
25.89
1.17
inc
393.9
395.8
1.9
6.76
3.16
82.92
3.91
inc
440.5
457.5
17
1.50
0.92
15.54
0.59
BK22-071
3.1
7.5
4.4
0.30
0.19
5.40
0.06
and
48.8
96.5
47.7
0.75
0.45
11.54
0.23
inc
71.0
89.0
18.0
1.31
0.77
13.88
0.56
and
136.5
148.5
12.0
1.40
1.28
2.84
0.14
inc
136.5
142.5
6.0
2.63
2.46
4.35
0.19
and
199.3
285.0
85.7
0.47
0.28
5.99
0.18
inc
256.5
269.5
13.0
1.44
0.83
15.54
0.64
inc
262.8
263.6
0.8
11.37
6.13
88.30
6.35
and
295.5
332.0
36.5
0.34
0.18
7.95
0.08
and
340.0
351.5
11.5
0.40
0.21
13.05
0.05
and
361.1
402.7
41.6
0.44
0.29
8.22
0.08
and
423.9
431.5
7.6
1.65
0.77
50.76
0.35
inc
427.4
428.5
1.1
9.57
4.31
303.00
2.07
and
472.9
478.5
5.6
0.46
0.24
8.61
0.16
and
490.5
500.0
9.5
0.32
0.16
5.61
0.13
BK22-072
36.5
59.5
23.0
1.12
0.87
11.94
0.15
inc
38.0
39.5
1.5
12.03
11.55
35.50
0.03
and
75.8
79.6
3.8
0.47
0.29
11.25
0.06
and
94.9
105.0
10.1
0.45
0.20
16.12
0.07
and
112.5
119.4
6.9
0.35
0.19
1.21
0.22
and
127.2
155.5
28.3
0.69
0.51
1.44
0.26
inc
138.0
139.5
1.5
6.53
6.03
5.80
0.65
and
226.0
371.0
145.0
0.68
0.39
5.39
0.34
inc
230.9
243.7
12.8
1.36
1.10
7.60
0.25
inc
296.2
347.6
51.4
0.97
0.51
7.77
0.56
and
383.5
420.3
36.8
0.81
0.37
8.90
0.49
inc
409.4
420.3
10.9
1.66
0.75
19.61
1.01
and
466.5
502.1
35.6
0.55
0.11
3.50
0.62
1
.
Intervals are downhole core lengths. True widths are unknown. Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
2
.
AuEq assumes metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151) +
(Ag(g/t)*$Ag/oz*0.032151) + (Zn%*$Zn/lbs*22.0462)) / ($Au/oz*0.032151)
Figure 1. Map showing drill collar locations with selected highlights
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/122491_36af2e9c04a50b52_001full.jpg
Drill Program
Holes BK22-070, -071 and -072 were designed to investigate the extent and continuity of bulk-tonnage
style gold-silver-zinc mineralization previously intersected in holes BK21-059 and -065 (Figure 1; see
news release
February 22, 2022
). The new holes confirm strong grade-continuity of near-surface bulk-
tonnage style mineralization hosted in dacitic volcaniclastic rocks and quartz-feldspar-porphyry dykes
and demonstrate the significant depth potential of the system to the south and west.
Figure 2. Cross section 4350 showing selected highlights
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/122491_36af2e9c04a50b52_002full.jpg
BK22-070, drilled towards the southwest (Figure 2), intersected strongly altered and mineralized
andesite below the mineralized dacitic volcaniclastic package highlighted by a composite interval of
0.84 g/t AuEq over 117.7 metres including 1.09 g/t
AuEq over 73.5 metres and 2.20 g/t AuEq over 10.3
metres (Table 1). Hole BK22-071, collared from the same pad but drilled with a steeper dip, intersected
numerous zones of strong gold-silver-zinc mineralization (e.g., 1.31 g/t AuEq over 18.0 metres within
0.75 g/t AuEq over 47.7 metres, and 1.40 g/t AuEq over 12.0 metres including 2.63 g/t AuEq over 6.0
metres - intervals are downhole core lengths, true widths are unknown). Similar to hole BK22-070,
mineralization here continued below the dacites. BK22-072 was collared 60 metres to the west of BK22-
070 and -71 and was drilled to the southwest. The hole intersected numerous zones of >1.0 g/t AuEq
mineralization down to 500 metres (Table 1) followed by strong sulfide-rich mineralization to the bottom
of the hole. This lower zone of mineralization is hosted in dacitic volcaniclastic rocks with strong zinc
anomalism (e.g., 187 metres of 0.53% Zn).
The tenure of mineralization intersected in holes BK22-070, -071 and -072 compares favourably to other
holes on the property collared 500 metres to the east (see news release
July 6, 2021
). The cumulative
grade thickness through all zones of mineralization in BK22-070 was 202 g/t AuEq*m, BK22-071 was
166 g/t AuEq*m, and BK22-072 was 230 g/t AuEq*m. These results support the considerable potential
of the western side of Buck for the development of bulk-tonnage targets. Furthermore, local zones of
high-grade gold-silver-zinc mineralization (e.g., 11.37 g/t AuEq over 0.8 metres in BK22-071, and 12.03
g/t AuEq over 1.5 metres in BK22-072 - intervals are downhole core lengths, true widths are unknown)
are similar to high-grade vein-hosted mineralization previously intersected near the centre of Buck Main
and suggest strong high-grade potential to the west.
Table 2. Drill Collar Locations
Hole
Easting
Northing
Elevation
(m)
Azimuth
Dip
Length (m)
BK22-070
654219
6019796
883.6
209.09
-65.98
516
BK22-071
654220
6019792
884.4
196.22
-79.96
501
BK22-072
654180
6019841
878.4
200.69
-57.54
705
Coordinates are in UTM NAD83 Zone 9N
Quality Assurance and Quality Control
All sample assay results have been monitored through the Company's quality assurance / quality control
(QA / QC) program. Drill core was sawn in half at Sun Summit's core logging and processing facility in
Houston, B.C. Half of the core was sampled and shipped in sealed and secure bags to the ALS Global
preparation facilities in Kamloops, Langley or North Vancouver, B.C. Samples were prepared using
standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global
analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO / IEC
17025:2017 accreditations for laboratory procedures.
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid
digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample with an AAS
finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay
using a gravimetric finish on a 30 gram sample.
Samples with >100 ppm silver were re-analyzed using a
four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using a four
acid digestion and ICP-AES finish.
In addition to ALS Global laboratory QA / QC protocols, Sun Summit implements an internal QA / QC
program that includes the insertion of duplicates, standards and blanks into the sample stream.
AuEq incorporates metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq
(AgZn) (g/t) = ((Au(g/t)*$Au/oz*0.032151) + (Ag(g/t)*$Ag/oz*0.032151) + (Zn%*$Zn/lbs*22.0462)) /
($Au/oz*0.032151)
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, 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
.
Link to Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/05/Buck-Drilling-Fig1-NR-Apr-2022.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2022/05/Buck_Section_Equity_4350_NR_Apr2022-
scaled.jpg
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/122491