Sun Summit Drills 11.65 g/t Gold Equivalent over 3.0 Metres including 31.79 g/t gold Equivalent over 1 Metre and 0.74 g/t Gold Equivalent over 175.3 Metres Including 1.25 g/t Gold Equivalent over 53.8 Metres at Buck Property, Central BC
Sun Summit Drills 11.65 g/t Gold Equivalent
over 3.0 Metres including 31.79 g/t gold
Equivalent over 1 Metre and 0.74 g/t Gold
Equivalent over 175.3 Metres Including 1.25 g/t
Gold Equivalent over 53.8 Metres at Buck
Property, Central BC
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to report initial drill results from its fall 2021 exploration program on
its Buck Property, central B.C. Assays from eight of the 32 completed holes are reported.
Highlights
Multiple intervals of high-grade, vein-hosted gold mineralization intersected in numerous holes:
11.65 grams/tonne (g/t) gold equivalent (AuEq) over 3.0 metres
, including
31.79 g/t
AuEq over
1.0 metre
within
0.86 g/t AuEq over 60.8 metres
(BK21-035).
14.86 g/t AuEq over 1.1 metres
within
1.04 g/t AuEq over 21.9 metres
(BK21-041).
10.03 g/t AuEq over 2.9 metres
, including
16.05 g/t AuEq over 1.5 metres
within
4.82 g/t
AuEq over 6.8 metres
(BK21-043).
These high-grade intervals are within broader zones of near-surface disseminated
mineralization.
Results confirm the presence of widespread high-grade gold mineralization as previously
reported (e.g., BK20-012: 5.89 g/t AuEq over 17.0 metres including 23.10 g/t AuEq over 3.0
metres, and BK21-020: 31.75 g/t AuEq over 4.0 metres including 247 g/t AuEq over 0.5
metres).
Note: Intervals are downhole core lengths. True widths are unknown. AuEq based on a 75:1 silver to
gold ratio
Multiple intervals of near-surface, disseminated and breccia-hosted mineralization confirm
strong
continuity of bulk-tonnage style mineralization:
0.96 g/t AuEq over 102.0 metres
, including
1.94
g/t AuEq over 18.0 metres
and including
1.15 g/t AuEq over 19.3 metres
(BK21-036).
0.74 g/t AuEq over 175.3 metres
, including
1.25 g/t AuEq over 53.8 metres
(BK21-038).
Results confirm strong grade continuity on the eastern side of Buck Main over a strike length
of at least 300 metres. These bulk-tonnage intercepts are similar to previously released
results (e.g., BK21-017: 1.15 g/t AuEq over 109 metres, and BK21-033: 1.13 g/t AuEq over
87.1 metres).
Note: Intervals are downhole core lengths. True widths are unknown. AuEq based on a 75:1 silver to
gold ratio.
Bob Willis, Sun Summit's CEO, stated: "This first batch of results from our 32 hole program across the
Buck Main area, continues to demonstrate the growing scale of the system as every hole hit varying
styles and grades of gold and silver mineralization from top to bottom. The presence of broad zones of
near surface disseminated bulk-tonnage style mineralization together with local high-grade zones
provide significant encouragement to support an aggressive 2022 drilling campaign. These higher
grade zones should contribute favourably to future mineral resource and economic studies. The Buck
Main mineralized system remains open in all directions."
Drill Program
Holes reported in this release are from two key areas, formerly known as the eastern 'Horseshoe' and
the western 'Trench' zones. Based on a new structural model (see news release dated
November 30
th
,
2021
), holes were drilled along northeast-southwest oriented sections with all holes drilled to the
northeast at varying dips (Figure 1). This drill plan allowed for the systematic generation of cross
sections across the Buck Main target to better define lithological and structural controls. Based on this
modelling, it is apparent that lithology played a key role in the distribution of disseminated mineralization
versus vein-hosted, high-grade mineralization. The results from the remaining 24 holes will be used to
further demonstrate continuity of mineralization within and between different styles of mineralization
across the Buck Main area.
Figure 1. Buck drill hole locations with selected highlights
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/109107_396e864eb4cb380c_001full.jpg
Western Buck Main
Five holes (BK21-035, 039, 041, 042, and 043) were drilled on the western side of Buck Main (Figure 1)
targeting high-grade, structurally controlled gold mineralization as well as broad zones of disseminated
gold mineralization. Holes were designed to follow-up previously reported significant high-grade gold
intercepts (e.g., BK20-012: 5.89 g/t AuEq over 17.0 metres including 23.10 g/t AuEq over 3.0 metres,
and BK21-020: 31.75 g/t AuEq over 4.0 metres including 247 g/t AuEq over 0.5 metres; see news
releases dated
January 5
th
, 2021
, and
May 11
th
, 2021
) hosted in a sequence of andesites and
sedimentary rocks cut by northwest-trending quartz-feldspar porphyritic dykes. Higher-grade intervals
(Table 1) are hosted in local quartz + carbonate + sulfide veins associated with broad zones of quartz +
sericite + pyrite alteration.
Table 1. Assay results - Western Buck Main
Hole
From
(m)
To
(m)
Int
(m)
AuEq
(g/t)
Au
(g/t)
Ag
(g/t)
BK21-035
61.7
66.2
4.5
0.19
0.14
3.96
and
107.0
113.2
6.2
0.14
0.12
1.21
and
120.0
122.3
2.3
0.24
0.19
3.86
and
128.2
131.2
3.0
0.24
0.22
1.48
and
152.1
153.6
1.5
1.56
1.50
4.52
and
168.4
229.2
60.8
0.86
0.81
3.49
inc
178.1
200.5
22.4
1.85
1.77
6.29
inc
190.6
193.6
3.0
11.65
11.39
19.25
inc
192.6
193.6
1.0
31.79
31.30
37.00
and
247.6
281.4
33.8
0.35
0.29
4.83
and
308.9
332.0
23.1
0.32
0.26
4.13
BK21-039
9.5
62.3
52.8
0.41
0.37
3.19
inc
52.6
62.3
9.7
1.32
1.20
9.11
inc
61.4
62.3
0.9
8.76
8.29
34.90
and
94.6
96.7
2.1
0.61
0.48
9.73
and
102.5
120.1
17.6
0.19
0.15
3.07
and
127.0
130.0
3.0
0.75
0.68
5.52
and
143.0
150.5
7.5
0.82
0.80
1.73
BK21-041
8.1
24.3
16.2
0.53
0.47
4.28
and
37.5
59.4
21.9
1.04
0.83
16.04
inc
53.8
59.4
5.6
3.20
2.74
34.27
inc
56.9
58.0
1.1
14.86
12.95
143.00
and
96.4
108.6
12.2
0.41
0.26
11.18
and
117.5
119.4
1.9
0.38
0.34
2.99
BK21-042
13.0
16.0
3.0
0.21
0.15
4.49
and
38.9
42.0
3.1
0.26
0.16
7.28
and
48.2
80.3
32.1
0.36
0.30
4.23
inc
52.3
56.8
4.5
1.62
1.43
14.37
and
89.3
120.5
31.3
0.43
0.31
8.52
and
127.8
130.5
2.8
0.44
0.38
4.17
and
189.0
194.8
5.8
0.36
0.34
1.20
and
202.5
207.0
4.5
0.16
0.14
1.20
BK21-043
18.1
27.0
9.0
0.91
0.67
18.06
and
58.4
65.0
6.6
0.42
0.36
4.54
and
73.0
92.1
19.2
1.92
1.83
6.85
inc
81.8
88.6
6.8
4.82
4.64
13.17
inc
85.7
88.6
2.9
10.03
9.72
22.76
inc
87.1
88.6
1.5
16.05
15.85
15.35
1
.
AuEq (gold equivalent) based on a 75:1 silver to gold (Ag:Au) ratio.
2
.
Calculations are uncut and length-weighted using a 0.10 g/t gold cutoff.
3
.
Intervals are downhole core lengths. True widths are unknown.
Holes BK21-035, 039 and 041 were drilled from the same section (4575; Figure 2). Hole BK21-035
intersected numerous zones of gold mineralization (Table 1), highlighted by a broad 60.8 metre interval
of 0.86 g/t AuEq, including 3.0 metres of 11.65 g/t AuEq. Hole BK21-041, collared 80 metres north of
BK21-035, intersected a broad 21.9 metre, near-surface zone of 1.04 g/t AuEq which included 5.6
metres of 3.20 g/t AuEq and including 1.1 metres of 14.86 g/t AuEq. Hole BK21-043, collared 130
metres north of BK21-035 on section 4525, intersected a significant zone of near-surface high-grade
gold mineralization comprised of 19.2 metres of 1.92 g/t AuEq including 2.9 metres of 10.03 g/t AuEq.
Holes BK21-039 and 042, on sections 4575 and 4550 respectively, both bottomed in mineralization
highlighted by multiple broad zones of near-surface gold mineralization (e.g., 0.41 g/t AuEq over 52.8
metres including 8.76 g/t AuEq over 0.9 metres from 9.5 metres down hole, BK21-039; Table 1).
Results from the first set of holes from the western side of Buck Main confirm the presence of near-
surface, high-grade gold and silver mineralization and support the significant potential of this area. Holes
from neighboring sections, to be released once all assays are received from the lab, will further inform
the extent and continuity of vein-hosted high-grade gold mineralization.
Figure 2. Cross section 4575 showing selected highlights
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/109107_396e864eb4cb380c_002full.jpg
Eastern Buck Main
Three holes (BK21-036, 038 and 040) were drilled on the eastern side of Buck Main (Figure 1) and
targeted near-surface, bulk-tonnage gold mineralization. The holes were designed to follow-up and
confirm continuity of previously reported long intervals of breccia-hosted and disseminated gold and
silver mineralization associated with pyrite + sphalerite hosted in dacite-lapilli tuffs and dacite clast-rich
hydrothermal breccias (e.g., BK21-017; 1.15 g/t AuEq over 109 metres, and BK21-033; 1.13 g/t AuEq
over 87.1 metres; see news release dated
July 6
th
, 2021
).
Table 2. Assay results - Eastern Buck Main
Hole
From
(m)
To
(m)
Int
(m)
AuEq
(g/t)
Au
(g/t)
Ag
(g/t)
BK21-036
18.0
254.6
236.6
0.51
0.48
2.19
inc
18.0
22.5
4.5
0.37
0.36
1.07
inc
37.2
42.7
5.5
0.20
0.19
1.18
inc
50.3
57.6
7.3
0.10
0.09
0.84
inc
64.0
97.0
33.0
0.26
0.24
1.51
inc
122.9
128.8
5.9
0.82
0.78
2.90
inc
145.1
247.1
102.0
0.96
0.91
3.71
inc
157.9
175.9
18.0
1.94
1.86
5.70
inc
193.1
212.3
19.3
1.15
1.11
3.10
and
307.7
336.0
28.3
0.24
0.21
2.64
and
378.0
405.0
27.0
0.15
0.12
2.78
BK21-038
7.0
405.5
398.5
0.47
0.43
3.20
inc
7.0
15.0
8.0
0.91
0.89
1.23
inc
25.0
36.7
11.7
0.28
0.25
2.20
inc
53.0
228.3
175.3
0.74
0.68
4.80
inc
93.8
102.0
8.3
2.48
2.30
13.09
inc
120.0
173.8
53.8
1.25
1.16
6.65
inc
141.5
164.0
22.5
2.04
1.91
10.05
inc
216.8
218.0
1.2
7.81
7.69
8.81
inc
255.6
317.4
61.9
0.43
0.38
3.60
inc
257.5
258.5
1.0
6.70
6.42
21.10
inc
294.9
298.8
3.9
1.70
1.61
7.20
inc
326.5
395.0
68.5
0.21
0.19
1.53
inc
402.5
405.5
3.0
0.45
0.36
6.72
BK21-040
9.9
242.5
232.6
0.37
0.31
4.62
inc
146.7
168.0
21.3
0.61
0.53
5.82
inc
203.3
238.0
34.7
0.41
0.33
6.37
and
272.8
275.0
2.3
0.71
0.68
1.78
and
299.4
303.8
4.4
0.98
0.94
3.18
Hole
From
(m)
To
(m)
Int
(m)
AuEq
(g/t)
Au
(g/t)
Ag
(g/t)
1
.
AuEq (gold equivalent) based on a 75:1 silver to gold (Ag:Au) ratio.
2
.
Calculations are uncut and length-weighted using a 0.10 g/t gold cutoff.
3
.
Intervals are downhole core lengths. True widths are unknown.
Hole BK21-036, collared on section 4850 (Figure 3), intersected a broad zone of gold and silver
mineralization comprised of 102 metres of 0.96 g/t AuEq including 18 metres of 1.94 g/t AuEq. Hole
BK21-038, collared 85 metres to the north of BK21-036 on section 4800 (Figure 3), was mineralized
over 405 metres (Table 1) highlighted by a broad and continuous zone of gold and silver mineralization:
175.3 metres of 0.74 g/t AuEq including 22.5 metres of 2.04 g/t AuEq. Hole BK21-040, collared 40
metres north of BK21-038 on the same section (Figure 3), intersected multiple zones of gold and silver
mineralization over 303.8 metres, highlighted by 232.6 metres of 0.38 g/t AuEq.
Figure 3. Cross section 4800 showing selected highlights
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6142/109107_396e864eb4cb380c_003full.jpg
Results from the first set of holes from the eastern side of Buck Main, together with previously reported
intercepts (see news release dated
July 6
th
, 2021
), demonstrate strong disseminated and breccia-
hosted gold mineralization continuity across a northwest strike-length of at least 300 metres. These holes
represent the easternmost holes drilled during this phase, whereas subsequent holes, the results of
which will be announced shortly, tested the northwest trending structural contact between sedimentary
and volcaniclastic rocks with dacitic lapilli tuffs and breccias (see news release dated
November 30
th
,
2021
). The contact remains open and represents a key structure for future drill testing.
Table 3. Drill Collar Locations
Hole
Easting
Northing
Elevation (m)
Azimuth
Dip
Length (m)
BK21-035
654326.68
6019632.03
932
8
-51
339
BK21-036
654610.09
6019607.74
917
15
-57
455
BK21-038
654552.36
6019667.73
927
31
-61
410
BK21-039
654352.74
6019715.98
914
9
-58
152
BK21-040
654546.44
6019706.29
920
30
-55
314
BK21-041
654352.76
6019716.02
914
7
-50
122
BK21-042
654305.05
6019699.98
910
25
-53
224
BK21-043
654315.49
6019755.02
895
9
-70
104
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.
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. ALS Global is registered to ISO / IEC 17025:2017 accreditations for
laboratory procedures.
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.
Live Webinar
Join us as Eric Coffin, HRA Advisories, hosts a live webinar with Sun Summit Minerals President Sharyn
Alexander and CEO Robert Willis on Wednesday, January 5th, at 10 am PDT.
Eric will introduce President Sharyn Alexander, who will give a brief presentation focused on recent
developments and discoveries.
This will be followed by a Q&A period with CEO Robert Willis, who will
answer your questions about new developments at Buck, what they mean, and the plans for aggressive
follow-up in 2022.
Register through the link here:
https://register.gotowebinar.com/register/1274471835593314319
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.
Buck Property
The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British
Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
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 discovery at
its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded
exploration campaigns with year-round drilling access. The Project has high-grade and bulk-tonnage
gold and silver 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/2022/01/Buck_Driling_Geology_Fig1_NR_Jan2022-scaled.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2022/01/Buck_Section_Equity_4575_NR_Jan5-
scaled.jpg
Figure 3:
https://sunsummitminerals.com/wp-content/uploads/2022/01/Buck_Section_Equity_4800_NR_Jan5-
scaled.jpg
For further information, contact:
Sharyn Alexander
President
Nancy Curry
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; 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.