Sun Summit Intersects 43.5 metres of 1.26 g/t Gold Equivalent, Including 1.0 metre of 16.97 g/t Gold Equivalent, at the Buck Project, Central B.C.
Sun Summit Intersects 43.5 metres of 1.26 g/t
Gold Equivalent, Including 1.0 metre of 16.97
g/t Gold Equivalent, at the Buck Project,
Central B.C.
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN (OTCQB: SMREF) is pleased to announce additional assay results from recent step-out drilling at
the Buck Main target as part of a multi-stage exploration program across its 52,000 hectare Buck project
located in central British Columbia. Results indicate significant expansion potential along the
northwestern extent of known mineralization.
Highlights:
Expanded footprint of mineralization along strike and at depth:
Results indicate that
significant gold, silver, and zinc mineralization extend laterally beyond limits of previous drilling and
defines strong depth potential where previous drilling is sparse.
Hole BK23-094 returned
1.26 g/t gold equivalent (AuEq) over 43.5 metres
from 18.5
metres depth, including
1.0 metre of 16.97 g/t AuEq
, in a 100 metre step-out to the
northwest.
Hole BK23-091 bottomed in mineralization, intersecting
0.72 g/t AuEq over 11.7 metres
to
the end of the hole.
Hole BK23-089 bottomed in
0.63 g/t AuEq over 10.2 metres,
suggesting mineralization
increases at untested depths to the north.
Assay results pending:
Assays from remaining drill holes are pending with results expected to
be released as they are received and analyzed.
Sharyn Alexander, Sun Summit's President, stated: "This latest round of drill results from Buck Main
demonstrates strong continuity of mineralization in three dimensions and adds considerable scale to the
extent of the known system, which still remains open. These holes primarily tested undefined margins of
the well-mineralized NW-trending structural corridor and were successful at finding additional significant
mineralization to the north, west, and at depth. Results from these holes speak to the unique nature of
Buck Main, and are inline with expected grade thresholds of a possible near-surface bulk tonnage gold
system."
Drill Program Details
The recently completed drill program at the Buck Main target consisted of 3,736 metres over 13
diamond drill holes aimed at testing the lateral and vertical extents of near-surface gold-silver-zinc
mineralization (see
June 8, 2023
, news release). Improved understanding on the controls of
mineralization assisted in drill targeting, which focused on fault structures and veins that are often
associated with high-grade and disseminated mineralization elsewhere within the Buck Main zone.
Results from seven holes discussed in this release indicate that significant gold, silver, and zinc
mineralization extend laterally beyond limits of previous drilling and at depth to the north and west where
previous drilling is sparse.
The first two drill holes from the drill program (see
September 6, 2023
, news release) indicate that
significant mineralization extends laterally to the east and at depth. Analytical results for the remaining
four holes drilled at Buck Main are pending and will be released as they are received and analyzed.
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/6142/184373_409afc35542bc9e8_001full.jpg
Holes BK23-093 and BK23-094 were drilled to target the extent of previous drilling which outlined
mineralization open to the northwest (Figure 1). Hole BK23-094 returned
43.5 metres of 1.26 g/t AuEq
from near-surface (18.5 metres), including
1.0 metre of 16.97 g/t AuEq
(Table 1), expanding the width
of near-surface mineralization to the northwest. The hole was collared to target the extent of known
mineralization in an area which has seen limited drilling (Figure 2). This step direction is perpendicular to
the dominant trend of mineralization defined by the NW-trending Buck Structural Corridor.
Table 1. Assay Results - Disseminated West Target
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Zn%
AuEq (g/t)
BK23-093
5.8
42.0
36.2
0.33
7.0
0.1
0.40
inc
27.9
38.0
10.2
0.78
12.0
0.3
0.91
and
71.0
77.0
6.0
0.26
4.4
0.3
0.39
BK23-094
18.5
62.0
43.5
0.89
9.2
0.9
1.26
inc
47.5
48.5
1.0
18.05
30.6
2.9
16.97
inc
60.0
62.0
2.0
4.27
11.7
1.6
4.48
and
88.0
91.0
3.0
0.91
7.4
0.9
1.28
and
125.0
129.0
4.0
0.19
0.8
0.4
0.38
* See Notes below
Figure 2. Cross section A-A' showing selected highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/184373_409afc35542bc9e8_002full.jpg
Holes BK23-090, BK23-091, and BK23-092 were drilled to target the northwestern extent of
disseminated mineralization in an area that has seen sparse drilling (Figure 1). The drill holes show a
continuity of mineralization, with hole BK23-091 intersecting
0.72 g/t AuEq over 11.7 metres
to the
end of the hole
(Table 2), defining a strong potential to the northern and western extents of Buck Main
(Figure 2).
Table 2. Assay Results - Disseminated West Target
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Zn%
AuEq (g/t)
BK23-090
16.5
24.5
8.0
0.94
16.7
0.2
1.02
and
32.0
36.0
4.0
0.19
1.4
0.0
0.19
and
67.4
70.4
3.0
0.47
2.1
0.0
0.43
and
76.4
82.7
6.3
0.14
2.7
0.0
0.16
and
88.7
109.0
20.3
0.23
2.5
0.1
0.26
BK23-091
11.0
56.0
45.0
0.26
5.6
0.1
0.34
and
68.0
102.5
34.5
0.27
3.2
0.1
0.31
inc
68.0
75.5
7.5
0.72
8.4
0.4
0.85
and
116.0
186.0
70.0
0.28
4.7
0.0
0.30
and
237.3
249.0
11.7
0.71
11.3
0.0
0.72
BK23-092
5.0
23.5
18.5
0.49
13.1
0.2
0.62
inc
7.0
12.0
5.0
1.00
12.9
0.1
1.00
and
52.0
75.0
23.0
0.21
4.6
0.0
0.23
and
100.5
116.0
15.5
0.15
2.7
0.0
0.16
and
126.5
140.0
13.5
0.15
11.5
0.1
0.25
and
177.5
181.5
4.0
0.54
11.7
0.2
0.64
* See Notes below
Holes BK23-088 and BK23-089 targeted the northern extension of hydrothermal breccia and
disseminated mineralization (Figure 1). Results were encouraging, showing a continuity of mineralization
to vertical depths of over 300 m below surface. Hole BK23-089
bottomed in
0.63 g/t AuEq over 10.2
metres
(Table 3), suggesting mineralization increases and improves at untested depths to the north.
Table 3. Assay Results - Disseminated East Target
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Zn%
AuEq (g/t)
BK23-088
22.9
27.4
4.5
0.17
7.3
1.0
0.66
and
56.0
64.5
8.5
0.16
4.6
0.4
0.36
and
75.0
119.0
44.0
0.18
4.5
0.4
0.38
and
161.0
168.0
7.0
0.57
7.5
0.5
0.77
and
198.9
212.0
13.1
0.18
2.6
0.2
0.25
and
226.5
246.0
19.5
0.13
1.8
0.2
0.20
and
273.8
282.8
9.0
0.21
2.5
0.3
0.34
and
309.8
325.2
15.4
0.17
1.8
0.1
0.23
and
331.7
348.2
16.5
0.14
1.5
0.1
0.19
and
407.0
411.5
4.5
0.29
5.8
0.7
0.63
BK23-089
35.1
42.4
7.3
0.18
5.9
0.6
0.50
and
60.2
67.1
6.9
0.37
5.6
0.8
0.73
and
73.2
85.0
11.8
0.33
6.3
0.5
0.56
and
255.0
292.0
37.0
0.47
1.8
0.1
0.47
inc
290.5
292.0
1.5
6.79
1.8
0.1
5.82
and
328.0
334.0
6.0
0.61
47.8
0.1
0.96
and
390.8
401.0
10.2
0.68
2.7
0.1
0.63
* See Notes below
* Notes for Tables 1, 2 and 3:
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.
Table 4. Drill Collar Locations
Hole ID
Easting
Northing
Elevation (m)
Azimuth
Dip
Depth (m)
BK23-088
654537.3
6019770
901.25
24.87
-45.01
470
BK23-089
654536.5
6019770
901.25
354.9
-45.62
401
BK23-090
654354.9
6019799
888
20.37
-45.24
122
BK23-091
654287.6
6019834
880
10.09
-45.11
249
BK23-092
654287
6019834
880
330.4
-45.03
200
BK23-093
654186.7
6019840
879
330.4
-59.692
149
BK23-094
654128.3
6019747
879
331.4
-60.16
133
Coordinates are in UTM NAD83 Zone 9N
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/2023/10/Fig-1-Buck_Drilling_Oct18_NR.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2023/10/Fig-2-Buck_Sxn_Oct-18_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
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