Sun Summit Drills 57.95 metres of 2.69 g/t Gold Including 19.50 metres of 7.31 g/t Gold at the Creek Zone, JD Project, Toodoggone District, B.C.
Sun Summit Drills 57.95 metres of 2.69 g/t
Gold Including 19.50 metres of 7.31 g/t Gold at
the Creek Zone, JD Project, Toodoggone
District, B.C.
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) announces drill results from its fifth hole drilled during its inaugural exploration
program at the JD Project in the Toodoggone District, north-central B.C.
Hole CZ-24-005 returned
one of the longest cumulative intervals of gold mineralization drilled to
date
at the Creek Zone, as well as
intersected high-grade gold-bearing veins
: 362 g/t gold over
0.25 metres, 53.60 g/t gold over 0.58 metres, and 21.60 g/t gold over 0.50 metres. This hole represents
a 100 metre step out to the east from hole CZ-24-004, and continues to demonstrate that
high-grade
mineralization at the Creek Zone is open in most directions.
Highlights:
Hole CZ-24-005 intersected multiple broad zones of continuous gold mineralization
punctuated with high-grade veins:
64.16 metres of 0.69 g/t gold from 46.84 metres including 10.16 metres of 1.93 g/t gold, and;
57.95 metres of 2.69 g/t gold from 145.05 metres including 19.50 metres of 7.31 g/t
gold, and including discrete veins that returned:
362 g/t gold over 0.25 metres
53.60 g/t gold over 0.58 metres
21.60 g/t gold over 0.50 metres
High-grade gold associated with strong silver and base metal mineralization:
The
362 g/t
gold
interval also contains associated
strong silver (121 g/t), copper (2.23%) and zinc
(18.15%) mineralization
which further supports the high-prospectivity for high-grade polymetallic
mineralization at the Creek zone.
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.
High-grade, vein-hosted mineralization remains open
: Results from CZ-24-005 demonstrate
that high-grade mineralization is open in most directions.
Additional assay results pending:
Assays from the remaining seven drill holes (1,405 metres)
from other target areas 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 as shown by hole CZ-24-005, our fifth hole of this year's program. The high-
grade, vein-hosted interval of 362 g/t gold over 0.25 metres is the highest-grade interval drilled to date at
the Creek Zone. This zone is open in most directions, which presents significant opportunities for step-
out drilling to identify the extent of high-grade gold mineralization. Results from this hole, especially the
upper 64 metre interval of disseminated mineralization, also confirms our initial thesis that selective
sampling by previous operators missed the bulk-tonnage potential of the Creek Zone. We will continue to
release 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)
Cu (%)
Zn (%)
CZ-24-005
46.84
111.00
64.16
0.69
0.61
0.00
0.08
incl.
46.84
57.00
10.16
1.93
1.58
0.01
0.27
and
145.05
203.00
57.95
2.69
1.72
0.01
0.17
incl.
170.49
203.00
32.51
4.54
2.92
0.02
0.27
incl.
179.50
199.00
19.50
7.31
4.66
0.04
0.44
incl.
179.50
179.75
0.25
362.0
121.00
2.23
18.15
incl.
196.92
199.00
2.08
21.63
26.58
0.06
1.45
incl.
196.92
197.50
0.58
53.60
53.60
0.12
4.06
incl.
198.50
199.00
0.50
21.60
33.90
0.03
0.15
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
.
Grades have not been capped in the length-weighted averaging.
Figure 1. Plan map showing drill collar locations with selected highlights
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Drill Hole CZ-24-005
Hole CZ-24-005 was collared 100 metres east of holes 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) and CZ-24-004 (
122.53 metres of 2.11 g/t gold
including 4.04 metres of 46.78 g/t
gold, see
October 2
nd
, 2024
news release) and drilled towards the southwest.
The hole intersected two discreet >50 metre intervals of disseminated gold mineralization cored by
zones of vein and breccia-hosted high-grade gold mineralization (Figure 2). The upper zone of
64.16
metres of 0.69 g/t
gold at 46.8 metres down hole (approximately 20 vertical metres below surface)
represents a new zone of near-surface mineralization missed by previous explorers due to selective
sampling of the drill core (Figures 1 and 2). The lack of systematic sampling in the late-1990s resulted in
a failure to recognise the bulk-tonnage potential of the target area as demonstrated by all recently
reported drill holes (Figure 2). This style of gold mineralization is open in most directions.
The lower zone of
19.50 metres of 7.31 g/t gold at 179.50 metres down hole (approximately 120
vertical metres below surface)
contains
discreet high-grade veins (362 g/t gold over 0.25 metres,
53.60 g/t gold over 0.58 metres and 21.60 g/t gold over 0.50 metres) within a broad zone of
disseminated gold mineralization (Figure 2). The highest-grade vein also contains strong copper and
zinc mineralization (
2.23% copper with 18.15% zinc
) which further supports the strong prospectivity of
the Creek Zone at depth and to the east. This 19.5 metre zone is approximately 100 meters east of the
previously announced 20.0 meters of 10.01 g/t gold zone in CZ-24-004 and suggest that zones of high-
grade mineralization are open in most directions (Figure 2).
Figure 2. Oblique view through Creek Zone drill holes
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Similar to the first four reported drill holes (see
September 19
th
, 2024
and
October 2
nd
, 2024
news
releases), CZ-24-005 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, which appears to be proximal to vein-associated potassic
alteration.
Figure 3
. Core photos of CZ-24-005, A. Box photos showing core from 174.4 to 202.4m downhole
which includes three high-grade intervals of 362 g/t Au over 0.25m, 53.6 g/t Au over 0.58m and 21.6
g/t Au over 0.50 m collectively within a broader interval of 7.3 g/t Au over 19.5 metres. Zones of
bleaching in the drill core was caused by potassic alteration associated with vein-hosted and
disseminated gold mineralization, B. carbonate+sphalerite+chalcopyrite cemented breccia at 179.5m
downhole with 362 g/t Au, 2.2% Cu and 18.2% Zn, C. quartz+carbonate+sphalerite vein with potassium
feldspar alteration halo at 196.9m downhole. Sph = sphalerite, cpy = chalcopyrite, qtz = quartz, carb =
carbonate, k-spar = potassium feldspar
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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 were released on
October 2
nd
, 2024
,
and results from hole CZ-24-005 are released herein. The remaining seven holes tested other targets
including recently defined geophysical targets. 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. All of these objectives achieved success.
Assays from the remaining drill holes, as well as surface sampling results (rocks and soils) and IP
geophysics 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-24-005
608356.51
6368345.52
1534.38
209.9
-45
269
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. Some technical information contained in this release is historical in nature and has
been compiled from public sources believed to be accurate. The historical 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-16-NR.jpg
Figure 2:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/10/Fig-2-Creek-
Section-Oct-16-NR.jpg
Figure 3:
https://wp-sunsummitminerals-2024.s3.ca-central-
1.amazonaws.com/media/2024/10/JD_CZ_NR_2_20241002_V4-scaled.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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