Sun Summit Identifies Multiple Zones of High- Grade Gold and Silver Mineralization in Historical Trenching at the JD Project in B.C.
Sun Summit Identifies Multiple Zones of High-
Grade Gold and Silver Mineralization in
Historical Trenching at the JD Project in B.C.
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to announce that a review of historical trench data has confirmed a
significant gold-silver mineralized trend along the highly-prospective Finn to Creek corridor on the road
accessible JD Project in the Toodoggone gold-copper mining district in north-central British Columbia.
Highlights:
Historical trenching results further demonstrate the presence of near-surface, high-grade
gold and silver mineralization:
An ongoing review and compilation of historical trenching data
across the Finn to Creek trend has further supported the potential for significant near-surface
mineralization.
Continuous zones of near-surface, high-grade gold and silver mineralization:
Historical
trenches were designed to test strong soil anomalies and many were reportedly mineralized along
the entire length of the excavation. Selected interval highlights
1
include:
Finn Zone:
45.5 metres at 6.1 g/t Au including 5.5 metres at 36.4 g/t Au (trench 88-78)
10.0 metres at 12.0 g/t Au including 6.0 metres at 19.4 g/t Au (trench 88-70)
31.4 metres at 3.7 g/t Au including 5.0 metres at 12.0 g/t Au (trench 88-76)
106 metres at 2.2 g/t Au including 17.0 metres at 8.0 g/t Au (trench 88-67)
24.9 metres at 4.5 g/t Au including 3.0 metres at 15.98 g/t Au (trench 83-01)
JD West Zone:
5.0 metres at 5.6 g/t Au with 296 g/t Ag (trench 88-33)
3.0 metres at 3.2 g/t Au with 631 g/t Ag (trench 88-35)
Complex epithermal environment indicates high potential for prospectivity:
Vein-hosted
and breccia-hosted, high-grade mineralization has been exposed in numerous trenches with
different silver to gold ratios suggesting high-structural complexity, multiple phases of
mineralization, and therefore strong prospectivity.
2024 exploration program to commence shortly:
The approaching field work will include
significant drilling across multiple targets, as well as geological and structural mapping, soil and
rock geochemical surveys, and geophysical surveys.
1
Assay results are historical and have been compiled from sources believed to be accurate.
"As we wrap up this phase of data compilation, it is becoming even more apparent that the JD Project
has significant potential to host multiple zones of near-surface, high-grade gold and silver
mineralization," stated Sharyn Alexander, Sun Summit's President. "Trenching programs in the 1980s
were focused on evaluating strong soil anomalies, which lead to the discovery of the Finn, MVT and JD
West zones. The Finn zone has been drill tested, however, many areas remain open for expansion and
more importantly, the JD West and MVT zones have yet to be fully drill tested. These targets, together
with the high-grade Wolf, Schmitt and Creek targets, are priority areas for our upcoming field program,
which we look forward to commencing in the near term."
Figure 1. Historical trenching at JD with select highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/210727_801a53fdc4fdf975_001full.jpg
Compiled historical soil geochemical data has been gridded and contoured (see
May 2, 2024
news release)
Selected results from historical trenching programs are shown. Data sources are referenced below.
Target Generation
The recent review of historical trenching data at JD builds on the historical drill data, soil and rock
geochemical data compiled from the Finn to Creek gold-silver trend (see
February 1, 2024
,
February
12, 2024
and
May 2, 2024
news releases), host to numerous epithermal-related vein and breccia
systems. Many of these zones of high-grade gold and silver mineralization were discovered over the
course of multiple trenching programs in the 1980's. The true thickness of the trenched zones is unknown
and intervals are channel and/or chip sample lengths.
Table 1. Selected interval highlights from historical trenching programs at Finn, JD West and MVT
zones
Zone
Trench ID
Highlight Intervals
Finn
82-01
7.5m of 8.7 g/t Au with 18.6 g/t Ag
Finn
83-01
24.9m of 4.5 g/t Au with 30.5 g/t Ag incl. 3.0m of 15.8 g/t Au with 51.3 g/t Ag
Finn
83-02
19.0m of 2.1 g/t Au with 12.2 g/t Ag incl. 1.0m of 7.8 g/t Au with 15.8 g/t Ag
Finn
83-03
6.7m of 3.3 g/t Au with 59.2 g/t Ag
Finn
83-06
0.5m of 7.6 g/t Au with 19.5 g/t Ag and 5.0m of 2.0 g/t Au with 22.0 g/t Ag
Finn
83-07
1.5 m of 10.1 g/t Au with 2.5 g/t Ag
Finn
83-09
28.0m of 2.6 g/t Au with 25.6 g/t Ag incl. 5.5m of 4.5 g/t Au with 58.9 g/t Ag
Finn
83-11
12.0m of 14.3g/t Au with 4.5 g/t Ag and 3.5m of 7.0 g/t Au with 6.0 g/t Ag
Finn
88-01
8.0m of 4.0 g/t Au with 2.6 g/t Ag
Finn
88-07
12.3m of 1.5 g/t Au with 9.9 g/t Ag incl. 3.0m of 4.1 g/t Au with 31.5 g/t Ag
Finn
88-18
28.0m of 1.3 g/t Au with 2.5 g/t Ag incl. 5.0m of 3.11 g/t Au with 8.7 g/t Ag
Finn
88-67
106m of 2.2 g/t Au with 2.2 g/t Ag incl. 17.0m of 8.0 g/t Au with 8.1 g/t Ag
Finn
88-68
95.0m of 0.86 g/t Au with 9.4 g/t Ag incl. 26.0m of 1.9 g/t Au with 10.6 g/t Ag
Finn
88-70
10.0m of 12.0 g/t Au with 11.5 g/t Ag incl. 6.0m of 19.4 g/t Au with 14.2 g/t Ag
Finn
88-71
19.5m of 2.5 g/t Au with 5.3 g/t Ag
Finn
88-74
52.6m of 1.8 g/t Au with 8.8 g/t Ag incl. 17.5m of 3.6 g/t Au with 15.1 g/t Ag
Finn
88-76
31.4m of 3.7 g/t Au with 14.2 g/t Ag incl. 5.0m of 12.0 g/t Au with 15.9 g/t Ag
Finn
88-78
45.5m of 6.1 g/t Au with 12.9 g/t Ag incl. 5.5m of 36.4 g/t Au with 18.3 g/t Ag
JD West
88-29
11.4m of 0.2 g/t Au with 39.0 g/t Ag
JD West
88-33
5.0m of 5.6 g/t Au with 296 g/t Ag
JD West
88-34
3.7m of 2.9 g/t Au with 35.8 g/t Ag
JD West
88-35
3.0m of 3.2 g/t Au with 631 g/t Ag
MVT
88-39
8.0m of 2.1 g/t Au with 0.1 g/t Ag
MVT
88-42
18.0m of 0.7 g/t Au with 7.4 g/t Ag incl. 2.0m of 3.2 g/t Au with 55.0 g/t Ag
Zone
Trench ID
Highlight Intervals
Data sources are referenced below. The true thickness of the trenched zones is unknown and intervals are channel and/or chip sample lengths.
Finn
- Near-surface, epithermal-related gold and silver mineralization at the Finn zone, discovered
in historical trenching, is spatially coincident with a broad 770 by 350 metre gold-in-soil anomaly
(see
May 2, 2024
news release). This coincident surface geochemical anomaly was subsequently
drill-tested in the 1990's, which yielded strong intervals of breccia-hosted gold-silver mineralization
(e.g., 35.7 m of 7.3 g/t Au (JD95-047
2
) and 22.0 m of 12.5 g/t Au (JD95-064
2
), see
February 1,
2024
news release). The structural relationship between this high-grade core of the Finn Zone
(e.g., 5.5 m of 36.4 g/t Au in trench 88-78, Figure 1) and the western-extent of surface
mineralization (e.g., 12.0 metres of 14.3 g/t Au in trench 83-11, Figure 1), formerly known as the
Gumbo and Gasp zones, is not well understood. Follow-up work, focussed on re-assessing
structural controls at the Finn zone, is ongoing as new historical information is reviewed and
compiled. These areas will be a focus for systematic structural mapping and sampling in the
upcoming field program.
JD West
- The JD West target covers the gap between the Finn and Schmitt zones (Figure 1)
where the potential strike-extension of the prospective, low-angle fault at the Finn zone is locally
exposed in historical trenches and has been drill tested in several, widely-spaced, shallow holes
(see
February 1, 2024
news release). Historical trenching was initially focused on evaluating a
broad silver-gold soil anomaly (see
May 2, 2024
news release) and led to the discovery of the
north-striking and steeply dipping silver-bearing Ag-Carbonate vein (e.g., 3.0 m of 3.2 g/t Au with
631 g/t Ag in trench 88-35, Figure 1). Based on the high-Ag:Au ratio of these north-striking veins it
is interpreted that these systems may represent a different pulse of epithermal-related fluids
compared to the gently-dipping, low-Ag:Au ratio Finn-style mineralization. Geological mapping
focused on examining structural controls and relationships between different styles of
mineralization in the JD West and peripheral areas will be prioritised during the upcoming field
program with the goal of defining robust drill targets for follow-up drill testing.
MVT
- Historical trenching and rock-chip sampling across the strong MVT gold-in-soil anomaly
(see
May 2, 2024
news release) returned multiple zones of local gold mineralization (e.g., 8.0 m of
2.1 g/t Au in trench 88-39). Further work, including geological mapping and potential induced
polarization (IP) geophysics, is required at MVT to better define the source and the orientation(s)
of potentially concealed mineralized vein(s) responsible for the highly-anomalous soil samples,
including the possibility of north-striking veins (e.g., JD West) which may have been missed with
north-northeast oriented trenches (Figure 1). The results of upcoming field work could lead to the
first drill test of the MVT target.
2
Note trench intervals are composite channel and/or chip samples. True widths are unknown.
The targets identified through data compilation will be ranked and prioritised for drill testing in the
upcoming 2024 exploration program, set to commence in early summer. Details of the upcoming
exploration program will be released once compilation efforts are completed and budgets are finalized.
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
.
References
Caira, N., and Eccles, L. (1988), Final Report on the 1988 Trenching and Geochemical Surveys, JD Claims Toodoggone River Area British Columbia,
Energex Minerals Ltd., Internal Report
Caira, N., and Hutchings, T. (1989), JD Property Trench Logs - 1988 (To Accompany 1988 Assessment Report on the JD Property by Energex
Minerals Ltd., Assessment Report Indexing System, Report 18105,
https://apps.nrs.gov.bc.ca/pub/aris
Morrice, M.G. (1984), 1983 Final Report on the JD Claims Situated Near Moosehorn Creek in the Omineca Mining Division, Project 04, Kidd Creek Mines
Ltd., Internal Report
Sutherland, I.G. (1981), Report on Geological and Geochemical Surveys on the JD-81 and Moose-81 Groups Situated at McClair Creek in the Omineca
Mining Divisions, Assessment Report Indexing System, Report 9833,
https://apps.nrs.gov.bc.ca/pub/aris
Sutherland, I.G. (1982), Report on Trenching and Examination of Trenches from the JD M.C. (in the JD-81 Group) Situated near Moosehorn Creek in
the Omineca Mining Division, Assessment Report Indexing System, Report 10297,
https://apps.nrs.gov.bc.ca/pub/aris
Sutherland, I.G. (1982), Report on Trenching and Examination of Trenches from the JD M.C. (in the JD-82 Group) Situated near Moosehorn Creek in
the Omineca Mining Division, Assessment Report Indexing System, Report 10739,
https://apps.nrs.gov.bc.ca/pub/aris
Sutherland, I.G. (1983), 1982 Final Report on the JD Property, Project 04, Kidd Creek Mines Ltd., Internal Report
Link to Figures
Figure 1:
https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2024/05/Fig-1-JD-
Trenches.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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