Sun Summit Drills Broad Zones of Strong Gold-Silver-Zinc Mineralization at the Buck Project, Central BC; Intersects 186 Metres of 0.66 g/t Gold Equivalent
Sun Summit Drills Broad Zones of Strong
Gold-Silver-Zinc Mineralization at the Buck
Project, Central BC; Intersects 186 Metres of
0.66 g/t Gold Equivalent
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Sun Summit Minerals Corp.
(TSXV: SMN) (OTCQB: SMREF) announces initial results from its summer 2023 exploration drill
program at the Buck Main target as part of a multi-stage exploration program across its 52,000 hectare
Buck project in central British Columbia.
Highlights:
Results from the first two drill holes indicate that significant gold, silver, and zinc mineralization
extend laterally and at depth, and is open to the north where previous drilling is sparse.
Hole BK23-086
:
148.5 metres of 0.46 g/t gold equivalent (AuEq) (0.33 g/t Au, 4.2 g/t Ag, 0.31% Zn)
40.0 metres of 0.68 g/t AuEq (0.57 g/t Au, 5.9 g/t Ag, 0.3% Zn), including 9.0 metres of
1.43 g/t AuEq (1.27 g/t Au, 8.9 g/t Ag, 0.58% Zn)
10.0 metres of 0.83 g/t AuEq (0.6 g/t Au, 2.5 g/t Ag, 0.6% Zn)
Hole BK23-087
:
185.9 metres of 0.66 g/t AuEq (0.39 g/t Au, 8.2 g/t Ag, 0.53% Zn), including 1.5 metres
of 5.59 g/t AuEq (4.10 g/t Au, 20.8 g/t Ag, 3.96% Zn), 20.1 metres of 0.98 g/t AuEq
(0.62 g/t Au, 3.3 g/t Ag, 0.87% Zn), and 11.9 metres of 1.45 g/t AuEq (1.26 g/t Au, 7.4
g/t Ag, 0.64% Zn)
The broad gold, silver and zinc intervals reported in these holes supports the potential for depth
extension of bulk tonnage-style disseminated mineralization being delineated at Buck Main.
Drilling at Buck Main is ongoing, and assay results from the remaining holes are pending with
results expected as they are received and analyzed.
Results from the extensive surface exploration program in the area of Mt Morice and CR (recently
acquired from Teck; see
June 1, 2023
news release) are being analyzed and interpreted and will
be released shortly.
Sharyn Alexander, Sun Summit's President, stated: "The first two holes of our ongoing drill program at
Buck Main indicate significant mineralization extends laterally and at depth. The consistent broad
mineralized intercepts in this area of Buck Main clearly demonstrate the large scale gold, silver, and zinc
potential of this target. These results reinforce our belief in the value remaining to be unlocked through
our ongoing exploration efforts. We look forward to receiving additional results from this step-out drill
program. In addition, our team is interpreting the results of our field exploration in the Mt Morice and CR
area to the west, which show tremendous potential in an underexplored area."
Buck Main Drilling
The ongoing drill program consists of approximately 3,500 metres over 15 drill holes, with holes
designed to test for potential high-grade zones of epithermal-related gold-silver-zinc system focused on
previously modeled faults and high-density vein zones (see
June 8, 2023
news release) as well as the
limits of mineralization to the north and west.
Figure 1. Map showing drill collar locations with selected highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/179618_2cd0aa0c04a64a69_001full.jpg
Holes BK23-086 and 087 were designed as infill and exploration holes to confirm the results of 1960's
drilling in addition to testing the depth extent of disseminated mineralization of the Buck Main east area
to the north (Figure 1).
Table 1. Assay Results
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Zn (%)
AuEq (g/t)
BK23-086
10.3
16.9
6.6
0.46
2.5
0.08
0.45
and
22.9
27.4
4.5
0.25
4.0
0.18
0.33
and
45.7
50.2
4.5
0.37
6.3
0.61
0.67
and
90.0
238.5
148.5
0.33
4.2
0.31
0.46
and
256.5
296.5
40.0
0.57
5.9
0.30
0.68
inc
260.0
269.0
9.0
1.27
8.9
0.58
1.43
and
343.0
353.0
10.0
0.60
2.5
0.60
0.83
and
360.0
369.0
9.0
0.22
4.7
0.54
0.49
and
413.0
431.1
18.1
0.40
7.5
0.23
0.51
and
449.0
450.5
1.5
2.49
0.7
0.02
2.13
BK23-087
36.1
222.0
185.9
0.39
8.2
0.53
0.66
inc
53.0
54.5
1.5
4.10
20.8
3.96
5.59
inc
80.9
101.0
20.1
0.62
3.3
0.87
0.98
inc
151.6
163.5
11.9
1.26
7.4
0.64
1.45
inc
160.5
162.0
1.5
4.06
14.2
1.65
4.37
and
312.0
318.0
6.0
0.24
4.8
0.06
0.27
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
.
Gold Equivalent (AuEq) calculations use 3-year trailing metal prices current to end of August 2023 ($1840/oz Au, $23.59/oz Ag and
$1.38/lbs Zn) using the equation: AuEq(g/t) = ((Au(g/t)*%recovery *$Au/oz*0.032151)+(Ag(g/t)*%recovery*$Ag/oz*0.032151)+
(Zn%*%recovery*$Zn/lbs*22.0462))/($Au/oz*0.032151). The Company has used conceptual metallurgical recoveries of Au 85%, Ag 65%,
and Zn 95% based on assumptions that it believes to be reasonable in the circumstances. There is no guarantee, however, that the actual
metal recoveries determined from metallurgical testing will be the same as the conceptual recoveries used to determine the AuEq.
Hole BK23-086 successfully intersected moderate to strongly sericite altered volcaniclastic rocks and
hydrothermal breccias hosting 3-5% pyrite-sphalerite from 105-189 metres, 211-236 metres, and 357-
431 metres with an increase to 10% (and locally 15%) pyrite-sphalerite from 189-211 metres.
Mineralization is defined as dominantly fine disseminations and blebs as well as hosted in local quartz-
carbonate veins. The hole bottomed in volcaniclastic rocks with weak to moderate sericite alteration,
hosting 0.5% disseminated pyrite and trace vein-hosted sphalerite.
Hole BK23-087 intersected strongly sericite altered volcaniclastic rocks hosting 3-5% pyrite-sphalerite
from 56.0-62.4 metres and from 76.4 metres to the final drilled depth of 446.0 metres, with intermittent
quartz-felspar porphyritic and aphanitic dykes. Mineralization is dominantly fine disseminations and
blebs as well as local quartz-carbonate veins and replacements.
Both holes confirm the presence of disseminated gold-silver mineralization reported in historic holes and
extends the broad zone of disseminated mineralization to the north where it remains open for further
expansion.
Prior to this program, the Company had completed 84 drill holes at Buck Main for over 30,000 metres.
Results to date demonstrate significant mineralization potential with district-wide size and scale
opportunities. Recent drilling focused on expanding the footprint of near-surface bulk tonnage-style
mineralization and demonstrated strong expansion potential to the west, north and south. The known
mineralized footprint measures over one kilometre in strike length with mineralization open in all
directions.
Table 2. Drill Collar Locations
Hole ID
Easting
Northing
Elevation (m)
Azimuth
Dip
Depth (m)
BK23-086
654586
6019686
915.3
59.91
-45.5
452
BK23-087
654586
6019686
915.3
31.55
-50.5
446
Coordinates are in UTM NAD83 Zone 9N
Upcoming Sun Summit Events
September 19 to 20, 2023
–
Simone Capital Investor Road Show, Vancouver, B.C.
September 23, 2023
– GCFF Conference 2023 Main Event, Vancouver, B.C.
September 26 to 27, 2023
– 121 Global Online EMEA / Americas / APAC
September 29, 2023
– Capital Tides Vancouver Investor Cruise, Vancouver, B.C.
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 by a bonded courier in sealed and secure
bags to the ALS Global preparation facilities in Langley, 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 33 elements by ICP-MS on a 0.25 gram aliquot using a four acid
digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram aliquot 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 aliquot. Samples with >100 ppm silver were re-analyzed using an ore -
grade four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using
an ore -grade four acid digestion and ICP-AES finish. In addition to ALS Global laboratory QA / QC
protocols, Sun Summit implements a rigorous internal QA / QC program that includes the insertion of
duplicates, standards and blanks into the sample stream.
National Instrument 43-101 Disclosure
This news release has been 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 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 Project 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.
About the Buck Project
The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby
infrastructure that allows for year-round, road-accessible exploration.
The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system.
Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of
disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade
mineralization has also been intersected near the center of Buck Main.
Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-
zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land
package through systematic exploration programs.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on
expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British
Columbia.
Sun Summit is committed to environmental and social responsibility, with a focus on accountable
development and building respectful and beneficial relationships with Indigenous and local communities.
Further details are available at
www.sunsummitminerals.com
.
Link to Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2023/09/Fig1_Buck_Drilling_Sept6_NR.jpg
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. Factors that could cause
such differences, 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. 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.
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/179618