Sun Summit Drills 122.5 metres of 2.1 g/t Gold Including 20.0 metres of 10.0 g/t Gold at the Creek Zone, JD Project, Toodoggone District, B.C.
Sun Summit Drills 122.5 metres of 2.1 g/t Gold
Including 20.0 metres of 10.0 g/t Gold at the
Creek Zone, JD Project, Toodoggone District,
B.C.
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2024) -
Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) announces drill results from its fourth hole drilled during its inaugural
exploration program at the JD Project in the Toodoggone District, north-central B.C.
Hole CZ-24-004 returned one of highest-grade intervals drilled to date at the Creek Zone, 121.0 g/t gold
over 1.52 metres, as well as intersected consistent gold mineralization over 122.53 metres from surface.
These results continue to demonstrate the presence of both high-grade and bulk-tonnage gold
mineralization in this under-explored target area.
Highlights:
Hole CZ-24-004 intersected a broad zone of near-surface, continuous gold mineralization
punctuated with high-grade veins:
122.53 metres of 2.11 g/t gold
including 20.0 metres of 10.01 g/t gold
and including 4.04 meters of 46.78 g/t gold
and including 1.52 metres over 121.0 g/t gold
Assay results build on previously announced drill results
from the Creek Zone:
These
results further demonstrate the presence of significant high-grade gold mineralization as well as
near-surface disseminated mineralization previously unrecognized due to selective sampling in
historical drill programs.
Additional assay results pending:
Assays from the remaining eight drill holes (1,674 metres)
are pending.
Final results pending from numerous project-wide surveys:
Results from soil and rock
geochemical surveys together with final data products from an Induced Polarization (IP)
geophysical survey and reprocessing of historic geophysical data are pending.
Sharyn Alexander, President of Sun Summit Minerals, stated: "The 2024 drill program continues to
deliver significant results at the Creek Zone. Hole CZ-24-004, our fourth hole of this year's program,
further confirms the potential for both high-grade and bulk-tonnage style gold mineralization and supports
our initial thesis that selective sampling by previous operators missed the bulk-tonnage gold potential.
The high-grade vein-hosted interval of 4.0 metres of 46.8 g/t gold, including 1.52 metres of 121.0 g/t
gold, is significant and deserves further drill testing to better understand trends and structural controls.
We look forward to sharing additional results from our summer program as they become available."
Table 1. Assay Results
1,2
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
CZ-24-004
3.00
125.53
122.53
2.11
0.3
including
53.00
111.00
58.00
4.00
0.5
including
66.00
66.70
0.73
16.70
1.1
including
91.00
111.00
20.00
10.01
0.9
including
106.96
111.00
4.04
46.78
3.1
including
108.00
109.53
1.53
121.00
7.3
and
146.46
159.00
12.54
0.32
0.1
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.
Figure 1. Plan map showing drill collar locations with selected highlights
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Drill Hole CZ-24-004
Hole CZ-24-004 was collared from the same pad as CZ-24-003 (95.50 metres of 0.70 g/t gold including
34.0 metres of 1.32 g/t gold and including 18.0 g/t gold over 0.50 metres, see
September 19
th
, 2024
news release) but drilled towards the southwest. The high-grade interval of 4.04 metres of 46.78 g/t gold
in CZ-24-004 extends the important zone of high-grade gold mineralization, central to the Creek Zone,
approximately 40 meters along strike to the north. Results from this hole, highlighted by 122.53 metres of
2.11 g/t gold, also further demonstrates the presence of previously unrecognised, near-surface bulk-
tonnage style disseminated gold as most historical holes drilled at the Creek Zone were not continuously
sampled. The lack of systematic sampling in the late-1990s resulted in a failure to recognise the bulk-
tonnage potential of the target area (Figure 2).
Figure 2. Oblique view through Creek Zone drill holes
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Similar to the first three reported drill holes (see
September 19
th
, 2024
news release), CZ-24-004
intersected a bedded sequence of volcaniclastic and intermediate volcanic rocks interpreted to be a
sequence within the McClair Member of the Early Jurassic Toodoggone formation. Higher-grade gold
mineralization is hosted in epithermal-related and locally banded quartz-carbonate veins, veinlets and
breccias with strong potassium feldspar alteration halos. Vein-hosted sulfides include pyrite, sphalerite,
± chalcopyrite and galena. Bulk-tonnage mineralization is associated with selectively pervasive epidote-
chlorite-pyrite alteration, proximal to vein-associated potassic alteration.
Drill Program
The first five holes of the 2024 exploration program were drilled on the western extent of the 4.5
kilometre-long, target-rich Finn to Creek Corridor. Results from holes CZ-24-001, 002, and 003 were
released on
September 19th, 2024
, results from hole CZ-24-004 are released here, and results from
hole CZ-24-005 are pending. Overall, the drill program consisted of 2,537 metres of diamond drilling
across 12 holes (see
September 5
th
, 2024
news release).
At the Creek Zone, drilling was primarily designed to build on results from past programs where previous
drill holes were selectively sampled, vein orientation data was lacking, and disseminated mineralization
was not considered. The primary objective of the drilling at the Creek Zone was to; 1) confirm the
presence of high-grade gold mineralization, 2) collect systematic downhole data to define a structural
model to inform future drill programs and, 3) investigate the presence of disseminated mineralization by
continuously sampling from collar to bottom of hole.
Assays from the remaining drill holes, as well as surface sampling results, are pending and expected to
be released as they are received and reviewed.
Table 2. Drill Collar Locations
Hole ID
Easting
Northing
Elevation (m)
Azimuth
Dip
Depth (m)
CZ-24-004
608256
6368318
1511
239.7
-55
193
Coordinates are in UTM NAD83 Zone 9N
Quality Assurance and Quality Control
All drill core sample assay and analytical results have been monitored through the Company's quality
assurance and quality control program (QA/QC). Drill core was sawn in half at Sun Summit's dedicated
and secure core logging and processing facility at the Lawyers exploration camp owned by Thesis Gold.
Only Sun Summit and assigned APEX Geoscience field staff were allowed access to the core.
Half of the drill core was sampled and shipped by a bonded courier in sealed and secured woven
polyester bags to the ALS Global preparation facilities in Langley, BC or Winnipeg, Manitoba. Core
samples were prepared using ALS standard preparation procedure PREP-31A which involves crushing
the sample to 70% less than 2mm, followed by a riffle split of 250g, and then a pulverised split to better
than 85% passing 75 microns.
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.
Drill core samples were analyzed for 48 elements by ICP-MS on a 0.25-gram aliquot using a four-acid
digestion (method ME-MS61). This method is considered a "ultra trace element" analytical method with
low detection limits on key pathfinder elements such as Ag, As, Sb, Se and Tl.
Gold was analyzed by fire assay on a 30-gram aliquot with an AES finish (inductively coupled plasma
atomic emission spectroscopy - method Au-ICP21). Samples that returned >10 parts per million (ppm)
gold were re-analyzed by fire assay using a gravimetric finish on a 30-gram aliquot.
Overlimit samples (e.g. Ag, Cu, Pb & Zn) were re-analyzed using an ore-grade, four-acid digestion and
ICP-AES finish. Overlimits for key elements: samples with >100 ppm silver, >10,000 ppm Cu, >10,000
ppm Pb and >10,000 ppm Zn. In addition to ALS Global laboratory QA/QC protocols, Sun Summit
implements a rigorous internal QA/QC program that includes the insertion of duplicates, certified
reference materials (standards prepared by an independent lab) and blanks into the sample stream.
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
historical 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 JD Project in the Toodoggone region of north-central B.C., and the Buck
Project in central B.C.
Further details are available at
www.sunsummitminerals.com
.
Link to Figures
Figure 1:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/10/Fig-1-
Creek-Drilling-Oct-2-NR.jpg
Figure 2:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/10/Fig-2-
Creek-Section-Oct-2-NR.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, 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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