Sun Summit Extends High-Grade Mineralization at Buck Project, B.C., Intersects 6.4 g/t Au and 27.6 g/t Ag over 7.0 Metres, Including 38.0 g/t Au and 137.0 g/t Ag over 1.1 Metres in Western Step Out Hole
Sun Summit Extends High-Grade
Mineralization at Buck Project, B.C., Intersects
6.4 g/t Au and 27.6 g/t Ag over 7.0 Metres,
Including 38.0 g/t Au and 137.0 g/t Ag over 1.1
Metres in Western Step Out Hole
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to report drill results from the first five holes of its fall 2022
exploration drill program on its Buck Project, central B.C. The program consisted of 10 diamond drill
holes totalling approximately 3,000 metres.
The focus of the drill program was to test the extent of the Buck Main gold-silver-zinc epithermal-related
system along strike and at depth. Analytical results from the first five expansion holes indicate the
presence and continuity of gold-silver-zinc epithermal-related mineralization beyond the previously tested
Buck Main mineralized system. Three of the westernmost holes intersected broad zones of strong gold-
silver-zinc mineralization with numerous higher-grade intervals.
Highlights from the first 5 holes include:
Hole BK22-083:
72.0 metres of 0.5 g/t Au and 10.0 g/t Ag,
including
4.2 metres of 3.1 g/t Au and 53.8 g/t Ag;
7.0 metres of 6.4 g/t Au and 27.6 g/t Ag,
including
1.1 metres of 38.0 g/t Au and 137.0 g/t Ag.
Hole BK22-082:
37.3 metres of 0.7 g/t Au and 10.9 g/t Ag
, including
1.5 metres of 11.8 g/t Au and 39.2
g/t Ag,
before the hole was lost in bad ground.
Hole BK22-081:
27.0 metres of 0.4 g/t Au and 14.9 g/t Ag
before the hole was lost in bad ground.
Results demonstrate
strong expansion potential for both disseminated and high-grade
gold-silver-zinc mineralization
to the west and to the south of previous drill programs.
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
.
Actual values may slightly differ from Table 1 due to rounding.
Sharyn Alexander, Sun Summit's President, stated: "Our goal for the fall 2022 drill program at Buck Main
was to investigate lithologic and structural controls on gold-silver-zinc mineralization as well as scale
potential along strike, primarily to the west and south of where our previous drilling defined new zones of
mineralization. Initial results from these five holes appear to support our objective and demonstrate the
potential for expansion. With every new step out hole we gain valuable insight into the Buck Main system
which helps us better plan for the next phase of drilling. Analytical results from the remaining five holes
conducted in this drill program are expected shortly and will be reported as they become available."
Table 1. Assay Results
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Zn (ppm)
BK22-081*
5.4
32.4
27.0
0.39
14.9
2824
BK22-082*
4.0
41.3
37.3
0.73
10.9
2293
inc
27.9
29.4
1.5
11.75
39.2
4140
BK22-083
64.4
73.2
8.8
0.16
2.3
1792
and
162.0
282.5
120.5
0.41
7.6
5162
inc
210.5
282.5
72.0
0.53
10.0
5582
inc
268.0
272.2
4.2
3.13
53.8
12298
and
311.0
320.0
9.0
0.32
2.2
3211
and
342.3
351.3
9.0
0.82
18.3
3254
and
390.5
406.5
16.0
2.87
12.6
4935
inc
390.5
397.5
7.0
6.44
27.6
10832
inc
391.9
393.0
1.1
38.00
137.0
59400
BK22-084
69.1
84.1
15.0
0.32
3.2
775
and
123.0
138.5
15.5
0.45
15.0
3402
and
155.0
171.5
16.5
0.15
4.1
925
and
182.0
205.0
23.0
0.29
7.9
1670
and
220.0
270.0
50.0
0.18
8.1
1668
BK22-085
92.0
120.5
28.5
0.24
8.6
594
and
128.0
137.0
9.0
0.12
4.3
457
and
185.0
192.0
7.0
0.14
5.4
1215
and
202.5
217.5
15.0
0.71
5.4
1303
and
225.0
244.5
19.5
0.14
5.7
760
and
253.5
276.0
22.5
0.25
12.3
859
* Hole terminated early due to bad ground conditions
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
.
Actual values may slightly differ from Table 1 due to rounding.
Drill Program
The primary objective of the fall 2022 drill program at Buck Main was to investigate the lateral and
vertical extents of near-surface gold-silver-zinc mineralization covering a known east-west strike length of
one kilometre. A total of 10 diamond drill holes were completed over 3,000 metres, two of which were
terminated early due to bad ground conditions. Most holes were drilled on similar sections as previous
drill programs to better facilitate modeling and structural interpretation.
Three of the five holes in this release were drilled to the west of previous step-out holes (e.g., holes
BK21-059, -065 and BK22-070, -072, Figure 1) to test for depth as well as southern and western
mineralization extents. The two remaining holes, designed to test for mineralization potential below
basalt cover rocks, were drilled on the eastern side of Buck Main.
Figure 1. Map showing drill collar locations with selected highlights
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6142/151806_3e13ad06941fe842_001full.jpg
Hole BK22-083 was collared to the southwest of BK22-072 (see
May 3, 2022
news release). The hole
was designed to test for the western extent of strong gold-silver-zinc mineralization intersected in BK22-
070 (see
May 3, 2022
news release) as well as test for vertical continuity of mineralization. Numerous
broad zones of disseminated and veinlet-hosted sulfide mineralization were intersected and yielded
intervals such as
6.4 g/t Au and 27.6 g/t Ag over 7.0 metres, including 38.0 g/t Au and 137.0 g/t Ag
over 1.1 metres
. This hole successfully extended mineralization 40 metres to the west from hole BK22-
072.
Holes BK22-081 and -082 were drilled to the southwest and were designed to test for the southwestern
extent of mineralization previously intersected in holes BK21-059 and -065 (see
February 22, 2022
news release). Both holes collared in strong disseminated mineralization highlighted by
0.7 g/t Au and
10.9 g/t Ag over 37.3 metres, including 11.8 g/t Au and 39.2 g/t Ag over
1.5 metres
in BK22-082.
Both holes were terminated early due to bad ground conditions. Together with the top of BK21-059, both
holes successfully defined a zone of near-surface mineralization with open depth potential to the south.
Two holes were also drilled east of the known limits of the Buck Main zone. Holes BK22-084 and BK22-
085 were collared east of BK22-075 (see
June 1, 2022
news release). Both holes bottomed in
mineralized rocks and returned numerous intervals of broad gold-silver-zinc mineralization (e.g., 0.5 g/t
Au and 15.0 g/t Ag over 15.5 metres in BK22-084, and 0.7 g/t Au and 5.4 g/t Ag over 15.0 metres of in
BK22-085) and suggest the main epithermal-related system extends below basalt cover eastward.
Additional drilling is warranted to fully investigate the eastern and northeastern lateral extent of the Buck
Main system.
Figure 2. Cross section showing selected highlights
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6142/151806_3e13ad06941fe842_003bfull.jpg
Table 2. Drill Collar Locations
Hole ID
Easting
Northing
Elevation (m)
Azimuth
Dip
Depth (m)
BK22-081
654192
6019711
884
200
-49.8
53
BK22-082
654192
6019713
884
200
-50.2
52
BK22-083
654082
6019633
879
357
-85.8
408
BK22-084
654926
6019633
907
312
-44.9
270
BK22-085
654928
6019631
907
342
-44.6
276
Coordinates are in UTM NAD83 Zone 9N
Upcoming Events
January 23 to 26, AME Roundup, Vancouver
January 23 to 24: Exhibition Hall Booth # 89
January 23 to 24: Core Shack Booth # 922
January 26: BC, Yukon and Alaska Session, Technical Talk at 9:45 am
January 29 to 30, Vancouver Resource Investment Conference (VRIC), Vancouver
Booth # 309
Corporate Presentation January 30: Workshop 2 at 2 pm
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 Langley, B.C., by bonded courier. 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 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 Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc
discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the
town of Houston.
The Company is exploring multiple high priority targets through systematic exploration campaigns. The
project benefits from 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 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/2023/01/Buck_Drilling_Overview_Jan19-NR-final-
No-AuEq.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2023/01/Buck_Sxn_4400_Jan19-NR-final_No-Au-
Eq.jpg
For further information, contact:
Sharyn Alexander
President
Roger Blair
Acuity Advisory Corp., 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; variations in anticipated metal recoveries; 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/151806