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Sun Summit Reports Final Exploration Results from the JD Project: Extends Footprint of Creek Zone Mineralization and Defines New Porphyry and Epithermal Targets

Drill Results Exploration Programs

Sun Summit Reports Final Exploration Results

from the JD Project: Extends Footprint of

Creek Zone Mineralization and Defines New

Porphyry and Epithermal Targets

Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - Sun Summit Minerals Corp.

(TSXV: SMN) (OTCQB: SMREF) announces final drilling, geochemical and geophysical results from the

inaugural summer 2024 exploration program across the JD Project in the Toodoggone District, north-

central B.C.

The latest exploration results further demonstrate the high-prospectivity for both epithermal-related gold-

silver mineralization as well as porphyry-related copper-gold mineralization across the JD project.

Follow-up targets at the emerging Creek Zone and priority new target areas have been identified and the

Company has began planning for a significant exploration program set to commence in spring 2025.

Key Highlights:

Mineralization intersected in every hole drilled in 2024:

All 12 holes drilled across multiple

targets intersected encouraging zones of mineralization.

Creek Zone mineralization remains open

: Results from 400 m step-out drill hole (JD-24-012)

demonstrate that gold mineralization is open along strike to the southeast. Considerable follow-up

drilling is required at Creek Zone to fully define gold mineralization extents and structural controls.

Near-surface high

-

grade gold mineralization at Creek Zone:

A grab sample returned

222 g/t

Au

, which supports the shallow, near-surface high-grade mineralization potential of the Creek

Zone.

Strong vein-hosted silver-gold mineralization discovered in reconnaissance holes along

the Finn to Creek Corridor:

Hole JD-24-011 intersected 2.4 metres of 114.39 g/t Ag with 0.40

g/t Au, which demonstrates the strong prospectivity for precious metal mineralization along the 4.5

km Finn to Creek Corridor.

Porphyry system intersected in two wildcat holes north of the Creek Zone:

A broad zone of

interpreted porphyry-related distal alteration and local mineralization was identified in two

exploration holes north of the Creek Zone. Further examination of existing airborne VTEM and

radiometric geophysical data, plus additional IP, is warranted at this target as well as other look-

alike targets north of the Creek Zone.

Numerous multi-element soil geochemical anomalies defined on the Creek Zone and

Belle Zone grids:

New soil geochemical anomalies are locally associated with geophysical

anomalies and represent possible epithermal or porphyry-targets.

Significant exploration program in preparation for 2025:

Planning is underway for an

aggressive program at JD in 2025 which will include infill and step-out drilling at the Creek and

Finn zones as well as exploration holes testing multiple priority targets. Additional geochemical

and geophysical surveys will also be conducted across priority target areas lacking coverage.

"The final results from our 2024 exploration program at the JD Project underscore the exceptional

potential of our project in the Toodoggone District," stated Sharyn Alexander, President of Sun Summit

Minerals. "The successful expansion of the Creek Zone and the identification of multiple high-priority

epithermal and porphyry targets highlight the extensive mineralization opportunities across the property.

With the Creek Zone remaining open along strike and newly identified areas showing high-grade

mineralization at surface, we're excited to prepare for an aggressive exploration program in 2025. Our

upcoming program will build on these discoveries, with targeted infill and step-out drilling and additional

geophysical and geochemical surveys to unlock the full potential of the JD Project. This next phase of

exploration will ensure Sun Summit is well positioned to capitalize on high-grade and bulk-tonnage

discoveries in this world-class mining district."

2024 Exploration Program

The summer 2024 exploration program at JD consisted of over 2,500 metres of diamond drilling in

twelve holes, the collection of over 1,200 soil samples and over 50 rock samples, and completion of over

20 line kilometres of induced polarization (IP) geophysical surveying (Figure 1). Work was carried out

with two main objectives, 1) confirm and expand on reported high-grade gold mineralization at the Creek

Zone (see

September 19

th

,

October 2

nd

, and

October 16

th

, 2024

news releases), and 2) define new

exploration targets to be evaluated in future exploration programs. Both objectives were met, highlighted

by:

1. Significant exploration potential at the Creek Zone

:

At the Creek Zone, broad zones of disseminated gold mineralization associated with moderate to

strong potassic alteration, are cored by high-grade quartz-carbonate-gold-base metal veins and

vein-breccias with strong potassium feldspar halos (e.g.,

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). Near-surface

mineralization, with strong continuity, has been intersected over a northwest-trending area of

approximately 650 by 300 metres where it remains open in most directions.

An important outcome from the 2024 drilling at the Creek Zone is the recognition of previously

undocumented, near-surface bulk-tonnage style disseminated gold mineralization (Figure 3). Most

historical holes at the Creek Zone were not continuously sampled which resulted in a failure to

recognise the bulk-tonnage potential of the target area (Figures 2 and 3).

Similar to the Finn Zone, 4.5 km to the east, epithermal-related mineralization at the Creek Zone is

interpreted to have been emplaced proximal to a porphyry system. Future exploration programs

will target both near-surface gold mineralization as well as related and deeper porphyry copper-

gold mineralization.

2. Numerous new targets have been defined across the project area, including:

Fericrete

- strong porphyry-related alteration associated with open-ended coincident high-

chargeability and resistivity anomalies (Figure 5).

Creek North

- strong Cu-Au-Zn soil anomaly coincident with a high-chargeability and magnetic-high

geophysical anomaly (Figure 5).

Belle North

- strong Au-As-Cu-Zn soil anomaly associated with a defined magnetic lineament

(Figure 7).

Belle South

- strong Cu-Zn-Ag-Au soil anomaly associated with local high-grade Au veins

discovered in historic trenching programs

1

(Figure 7).

Figure 1. Map showing the location of exploration work completed in 2024 at the JD project

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6142/230373_81336d515433a811_001full.jpg

Planning for a significant exploration program in 2025 has commenced. Work is anticipated to include

significant drilling at the Creek and Finn zones as well as initial and follow-up drill tests at additional high-

priority epithermal and porphyry targets. Additional geophysical and geochemical surveys will also be

completed.

Creek Zone Exploration

The last hole of the drill program (JD-24-012) targeted the southeast extension of the modelled Creek

Zone controlling fault system as well as a recently defined strong coincident chargeability-resistivity-high

IP anomaly (Figures 2 and 4). Hole JD-24-012 was collared 400 metres southeast 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 375 metres

southeast of hole CZ-24-005 (

57.95 metres of 2.69 g/t gold

from 145.05 metres including

19.50

metres of 7.31 g/t gold

, see

October 16

th

, 2024

news release) and drilled to the southwest.

Figure 2. Plan map of Creek Zone showing drill collar locations with selected highlights

as well as soil

and rock geochemistry

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6142/230373_81336d515433a811_002full.jpg

Hole JD-24-012 collared in disseminated gold mineralization (Figures 2 and 3). The mineralized zone

started at 4.5 metres and returned

17.8 metres of 0.59 g/t gold

and 10.0 metres of 0.75 g/t gold

including 1.8 metres of 2.49 g/t Au from 40.5 metres. Similar to the first five holes drilled at the Creek

Zone, JD-24-012 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.

Near-surface, bulk-tonnage style disseminated gold mineralization is associated with selectively

pervasive, epidote-chlorite-pyrite alteration.

It is interpreted that JD-24-012 collared in the footwall to the Creek Zone controlling fault system and only

intersected peripheral disseminated mineralization. Step-out drilling to the northeast of JD-24-012 is

warranted to fully test the structural model and confirm the extension of high-grade, vein-hosted

mineralization along trend to the southeast.

Figure 3. Oblique view through Creek Zone drill holes

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6142/230373_81336d515433a811_003full.jpg

Table 1. Creek Zone Assay Results

1,2, 3

Hole ID

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

Ag

(g/t)

Zn

(%)

Cu

(%)

CZ-24-01*

63.0

124.5

61.5

1.07

0.80

0.09

inc.

78.0

121.5

43.5

1.40

1.10

0.12

inc.

104.0

107.6

3.6

7.28

9.40

0.98

inc.

104.0

104.5

0.5

24.30

43.70

4.46

CZ-24-02*

41.9

71.0

29.1

1.64

1.40

0.45

inc.

48.7

58.3

9.5

3.89

3.60

1.10

inc.

51.1

52.0

0.9

16.60

11.60

4.47

and

111.0

123.0

12.0

0.33

0.20

0.01

CZ-24-03*

4.0

138.0

134.0

0.57

0.40

0.07

inc.

4.0

99.5

95.5

0.70

0.50

0.09

inc.

58.0

92.0

34.0

1.32

1.10

0.22

inc.

58.0

66.5

8.5

2.82

1.90

0.61

inc.

61.5

62.0

0.5

18.00

2.90

1.37

inc.

84.0

92.0

8.0

1.83

2.00

0.14

CZ-24-004*

3.0

125.5

122.5

2.11

0.30

inc.

53.0

111.0

58.0

4.00

0.50

inc.

66.0

66.7

0.7

16.70

1.10

inc.

91.0

111.0

20.0

10.01

0.90

inc.

107.0

111.0

4.0

46.78

3.10

inc.

108.0

109.5

1.5

121.00

7.30

and

146.5

159.0

12.5

0.32

0.10

CZ-24-005*

46.8

111.0

64.2

0.69

0.61

0.00

0.08

inc.

46.8

57.0

10.2

1.93

1.58

0.01

0.27

and

145.1

203.0

58.0

2.69

1.72

0.01

0.17

inc.

170.5

203.0

32.5

4.54

2.92

0.02

0.27

inc.

179.5

199.0

19.5

7.31

4.66

0.04

0.44

inc.

179.5

179.8

0.3

362.00

121.00

2.23

18.15

inc.

196.9

199.0

2.1

21.63

26.58

0.06

1.45

inc.

196.9

197.5

0.6

53.60

53.60

0.12

4.06

inc.

198.5

199.0

0.5

21.60

33.90

0.03

0.15

JD-24-012

4.5

22.3

17.8

0.59

2.00

and

34.0

44.0

10.0

0.75

3.18

inc.

34.9

42.3

7.4

0.92

3.74

inc.

40.5

42.3

1.8

2.49

3.97

Hole ID

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

Ag

(g/t)

Zn

(%)

Cu

(%)

* Previously released results

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.

Prospecting while geological and structural mapping across the Creek Zone resulted in the collection of

over 20 grab samples. Rock samples were preferentially collected from outcrop when available,

however, outcrop was generally scarce at lower elevations. Float samples in the Creek Zone trench and

talus at higher elevations are angled pieces that are likely locally derived. Mapped geology in the Creek

Zone area indicated rocks are dominantly andesitic tuffs with varying degrees of propylitic alteration. The

Creek Zone showing outcrop is a silica-flooded breccia with euhedral quartz lining vugs and pervasive

silicification of the surrounding rock, possibly a fault plane based on limited slickensides. The breccia is

angular, monomictic, and poorly sorted, with a jigsaw-fit texture and a silica matrix that contains pyrite

blebs.

Structural mapping suggests there is a steeply-dipping northwest orientation that aligns the surface

Creek Zone exposure to distinct mineralized veins encountered in recent drilling (e.g., CZ-24-001 to

005). The vein and fault system can be traced over a strike length of at least 650 metres, with the

possibility of an extension to the southeast by either fault off-set or a second, parallel, splay fault/vein

system.

Surface sampling at the Creek Zone was focused mostly along a creek bed that transects the target

area (Figure 2). Sample B03976, a frost-heaved flat slab laying directly on exposed bedrock is

comprised of a vuggy quartz-carbonate cemented breccia that ran

222 g/t Au with 46.4 g/t Ag and

0.09 % Zn

(Figure 2, Table 2). Other samples collected from outcrop along the creek bed returned

grades up to

4.7 g/t Au

(Table 2). These assay results demonstrate the strong near-surface, high-grade

gold potential of the Creek Zone.

Table 2. Select assay highlights of rock chip sample results from the Creek Zone

Sample

ID

Description

Sample Type

Au

(g/t)

Ag

(g/t)

Zn

(ppm)

UTM E

UTM N

Elevation

B03976

quartz vein in volcanic

breccia

subcrop

222

46.4

862

608462

6368044

1576

B01501

quartz vein in volcanic

breccia

subcrop

4.74

3.09

779

608462

6368044

1576

B03954

silicified breccia

outcrop

3.68

2.24

409

608461

6368043

1578

B03999

quartz vein in volcanic

breccia

subcrop

1.795

0.64

606

608462

6368044

1576

B03958

silicified breccia

outcrop

1.79

1.52

530

608459

6368054

1573

B03955

altered andesite

outcrop

1.565

0.44

529

608462

6368044

1576

B03953

altered andesite

outcrop

1.37

0.26

616

608462

6368054

1572

B03990

altered andesite

outcrop

0.399

3.21

29900

608448

6368074

1567

B04000

quartz vein in volcanic

breccia

subcrop

0.378

1.38

614

608462

6368044

1576

B03988

altered andesite

outcrop

0.305

0.34

513

608463

6368055

1571

Sample

ID

Description

Sample Type

Au

(g/t)

Ag

(g/t)

Zn

(ppm)

UTM E

UTM N

Elevation

In addition, over 20 line kilometres of induced polarization (IP) geophysical surveying was completed

across the Creek Zone and surrounding areas to the north (Figures 4 and 5). Lines were spaced 200

metres with reading on 25 to 50 metres stations covering a footprint of 2.3 by 1.3 kilometres. Results of

the survey confirm the presence of a coincident high-chargeability and high-resistivity anomaly spatially

associated with the core of the Creek Zone as presently defined by limited drilling (Figure 4). A similar

intensity high-resistivity anomaly was defined to the southeast and slightly offset. A significant ~1.4 km by

1.2 km high-chargeability and resistivity, open-ended anomaly was defined north of the Creek Zone

associated with the margins of the Fericrete Porphyry target considered prospective for concealed

porphyry-related copper-gold mineralization (Figure 5). Additional IP lines are warranted north and

northeast of the Creek Zone survey.

Figure 4. Section through the Creek Zone showing 2024 drill holes in relation to an untested

chargeability anomaly defined in the 2024 IP survey.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6142/230373_81336d515433a811_004full.jpg

Figure 5.

A. Map showing historical project-wide magnetic data, the location of key targets and the

2024 IP chargeability data. Based on geological mapping and recent drilling a broad zone of strong

argillic and quartz-sericite-pyrite (QSP) alteration is observed north of the Creek Zone in an area with

subdued magnetic response (mag-low). Two prominent magnetic-high anomalies exist north of the

completed IP grid and represent possible concealed porphyry targets. Intermediate sulfidation Creek

and Finn zones are proximal and topographically higher than the porphyry targets. B. Photograph of

the Fericrete zone showing the location of holes CZ-24-006 and JD-24-007. C. Core photos of hole

JD-24-007 at 110 m of strongly QSP altered monzonite breccia cut by anhydrite veins and vein-

stockwork. Early potassic alteration is observed in areas of lesser intensity QSP alteration.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6142/230373_81336d515433a811_005full.jpg

Fericrete Epithermal-Porphyry Target

Two holes (CZ-24-006 and JD-24-007) were drilled northeast of the Creek Zone targeting a broad zone

of strong argillic + pyrite alteration, formerly known as the Fericrete Gossan target (Figure 5).

Outcropping, texture-destructive hydrothermally altered andesite is associated with a broad magnetic-

low and a newly defined coincident high-chargeability and resistivity anomaly (Figures 4 and 5). The

holes were designed to test for epithermal-related gold-base metal mineralization as well as deeper and

concealed porphyry-related copper and gold mineralization. A similar targeting rationale by a former

operator led to the discovery of the JD Porphyry in 2013 near the Finn Zone, ~3.2 km to the east of

Fericrete (Figure 1).

Hole JD-24-006 intersected porphyritic intrusive rocks to 170 metres followed by andesite and

volcaniclastic rocks to bottom of hole, whereas JD-24-007 intersected mostly andesites, volcaniclastic

rocks and a breccia interpreted to be comprised of strongly altered monzonitic clasts (Figure 5c). The

volcanic and intrusive rocks contain local zones of early-potassic alteration associated with zones of

variable propylitic alteration (epidote-chlorite-pyrite) overprinted by local intervals of strong silicification

with sooty pyrite with minor clots of sphalerite and galena (phyllic alteration) and locally intense anhydrite-

carbonate veins and stockwork zones. Zones of anomalous gold mineralization were intersected in both

holes (e.g., 6.0 metres of 0.69 g/t Au in CZ-24-006 and 10.0 metres of 0.48 g/t Au in JD-24-007, Table

3) associated with strong silicification. Based on observed lithology, alteration assemblages and

mineralization styles in holes CZ-24-006 and JD-24-007, it is interpreted that the drilling intersected a

potential zone of hydrothermal telescoping (e.g., lower-temperature alteration with epithermal-related

mineralization overprinting early high-temperature, porphyry-related alteration).