Sun Summit Step-Out Drilling Expands Near- Surface Gold-Silver-Zinc Mineralization at Buck Project, B.C.; Intersects 54.6 Metres of 0.83 g/t Au, 9.2 g/t Ag and 0.21% Zn, Including 3.0 Metres of 6.06 g/t Au, 62.5 g/t Ag and 0.52%
Sun Summit Step-Out Drilling Expands Near-
Surface Gold-Silver-Zinc Mineralization at
Buck Project, B.C.; Intersects 54.6 Metres of
0.83 g/t Au, 9.2 g/t Ag and 0.21% Zn, Including
3.0 Metres of 6.06 g/t Au, 62.5 g/t Ag and 0.52%
Zn
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to report final drill results from its fall 2022 exploration drill program
at the 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 expansion potential of the Buck Main gold-silver-zinc
epithermal-related system along strike and at depth, with step-out distances between 50 to 100 metres.
Results from this phase of drilling successfully demonstrates
strong expansion potential for both
disseminated and high-grade gold-silver-zinc mineralization beyond the existing extent of the
known Buck Main zone
to the west, northwest and south of previous drill programs. The newly
expanded zone of mineralization remains open in multiple directions and is expected to see further step-
out drill testing in the next phase of drilling.
Highlight intervals include:
Hole BK22-080, drilled into an untested area, significantly opens the expansion potential of near-
surface gold-silver-zinc mineralization to the northwest:
81.2 metres of 0.58 g/t Au, 11.8 g/t Ag and 0.08% Zn,
including
10.1 metres of 1.4 g/t Au, 26.6 g/t Ag and 0.20% Zn
5.6 metres of 1.18 g/t Au, 43.9 g/t Ag and 0.34% Zn,
including
1.1 metres of 5.5 g/t Au, 208 g/t Ag and 1.5% Zn
This high-grade interval is located ~250m to the northwest of drill hole BK22-083 (see
January 19, 2023
news release) which intersected 7.0 metres of 6.4 g/t Au, 27.6 g/t
Ag, and 1.1% Zn, including 1.1 metres of 38.0 g/t Au, 137.0 g/t Ag, and 5.9% Zn.
Hole BK22-077 extends broad zones of strong gold-silver-zinc mineralization intersected in
previous holes to the south:
54.6 metres of 0.83 g/t Au, 9.2 g/t Ag and 0.21% Zn,
including
3.0 metres of 6.06 g/t Au, 62.5 g/t Ag and 0.52% Zn
Hole BK22-079 represents the largest step-out to the west and extends the footprint of
mineralization at Buck Main to over one kilometre along strike:
4.7 metres of 0.91 g/t Au, 17.3 g/t Ag and 0.66% Zn,
including
1.1 metres of 3.4 g/t Au, 68.6 g/t Ag and 2.05% Zn
1 metre of 5.1 g/t Au, 2.7 g/t Ag and 0.56% Zn
at bottom of hole
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.
"We are very encouraged by results from all holes drilled during our last drill program, particularly holes
BK22-080 and BK22-079," stated Sun Summit's President, Sharyn Alexander. "These holes tested new
areas, previously undrilled, and expanded the known footprint of gold-silver-zinc mineralization.
"Our primary goal for the fall 2022 drill program at Buck Main was to investigate the scale potential along
strike, primarily to the west, south and northwest of previous drilling. We hit mineralization in all but one
step-out hole and consider the program to be an outstanding success. We now have multiple compelling
target areas for ongoing exploration and drilling and anticipate an aggressive exploration campaign for
2023. Our next phase of exploration at the Buck Project will include additional step-out drilling at Buck
Main, which remains open for possible expansion potential in multiple directions, and activating plans for
other high-priority drill targets elsewhere on the property that could lead to additional discoveries."
Table 1. Assay Results
Hole ID
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Zn
(%)
AuEq
(g/t)
BK22-076
23.0
27.5
4.5
0.14
2.6
0.32
0.29
and
39.5
47.0
7.5
0.17
1.1
0.29
0.29
and
108.3
113.2
4.9
0.25
2.7
0.82
0.63
and
119.2
132.5
13.3
0.15
1.7
0.43
0.35
and
190.5
207.5
17.0
0.31
3.9
0.59
0.58
and
222.5
229.4
6.9
0.28
21.5
0.49
0.65
and
236.9
280.7
43.8
0.20
9.0
0.30
0.39
and
319.5
331.5
12.0
0.21
8.1
0.24
0.36
and
365.9
370.4
4.5
0.31
4.3
1.79
1.16
and
382.3
388.2
5.9
0.34
1.2
1.34
0.94
and
409.0
436.5
27.5
0.14
1.7
0.41
0.33
and
474.5
479.0
4.5
0.18
1.6
0.07
0.20
BK22-077
109.8
119.0
9.2
0.13
1.0
0.27
0.25
and
164.8
219.4
54.6
0.83
9.2
0.21
0.88
inc
170.2
173.2
3.0
6.06
62.5
0.52
5.90
inc
186.7
203.5
16.8
1.06
5.2
0.30
1.09
and
238.5
272.5
34.0
0.42
9.3
0.24
0.55
inc
250.0
262.3
12.3
0.70
20.7
0.23
0.87
and
302.3
325.0
22.7
0.13
1.9
0.48
0.36
and
349.5
354.0
4.5
0.35
0.8
0.16
0.38
and
422.5
463.5
41.0
0.21
3.7
0.06
0.24
and
471.9
481.9
10.0
0.17
1.2
0.22
0.26
BK22-079
65.9
73.0
7.1
0.29
2.8
0.21
0.37
and
118.5
145.8
27.3
0.19
5.1
0.61
0.49
and
211.5
215.8
4.3
0.33
10.7
1.13
0.91
and
223.6
228.3
4.7
0.91
17.3
0.66
1.23
inc
227.2
228.3
1.1
3.39
68.6
2.05
4.43
and
296.0
299.0
3.0
0.31
2.2
1.52
1.01
and
365.0
366.0
1.0
5.07
2.7
0.56
4.60
BK22-080
6.3
122.0
115.7
0.47
9.3
0.06
0.50
inc
6.3
87.5
81.2
0.58
11.8
0.08
0.62
inc
13.3
23.4
10.1
1.38
26.6
0.19
1.48
inc
13.3
14.8
1.5
5.85
50.3
0.02
5.39
inc
72.5
87.5
15.0
1.01
20.5
0.06
1.05
and
166.7
172.3
5.6
1.18
43.9
0.35
1.53
inc
166.7
167.8
1.1
5.50
208.0
1.53
7.11
inc
195.5
207.0
11.5
0.12
2.5
0.12
0.18
and
228.3
236.5
8.2
0.27
2.7
0.25
0.37
and
268.0
271.3
3.3
0.20
8.8
0.07
0.27
BK22-078
No Reportable Intersections
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.
4
.
Gold Equivalent (AuEq) calculations use metal prices of $1795/oz Au, $22.55/oz Ag and $1.325/lbs Zn using the equation: AuEq(g/t) =
((Au(g/t) x $Au/oz x 0.032151) + (Ag(g/t) x $Ag/oz x 0.032151) + (Zn% x $Zn/lbs x 22.0462)) / ($Au/oz x 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.
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 the mineralized footprint outlined
so far over an east-west strike length of one kilometre and an approximate width of 600 metres. A total
of 10 diamond drill holes were completed over 3,000 metres, two of which were terminated early due to
poor ground conditions (see
January 19, 2023
news release). Most holes were drilled on similar
sections as previous drill programs to better facilitate modelling and structural interpretation. All five
holes in this release were drilled on the western side of the Buck Main system with step-out distances
between 50 to 100 metres from previous drilling (Figure 1).
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/6142/152404_e5ca5455c4f91ba4_001full.jpg
Hole BK22-080, collared on the same section as BK22-070 and drilled to the northeast (Figure 2), was
designed to test a previously undrilled broad zone of strong gold-in-soil anomalism. The hole collared in
strong disseminated mineralization highlighted by an interval of
81.2 metres of 0.58 g/t Au, 11.8 g/t Ag
and 0.08% Zn including 10.1 metres of 1.4 g/t Au, 26.6 g/t Ag and 0.20% Zn
from surface. The hole
successfully defined a new zone of near-surface disseminated gold-silver-zinc mineralization that
remains open in most directions. Additional drilling is clearly warranted to the northwest of Buck Main
(Figure 1).
Holes BK22-076, -077 and -078 were collared on the same section as holes BK22-072 and BK22-083
(Figure 3; see
May 3, 2022
and
January 19, 2023
news releases) and were drilled to the southwest. The
holes were designed to test for the southern extent of gold-silver-zinc mineralization previously
intersected in BK22-070 and -072 and to investigate lithological controls on mineralization. Drill hole
BK22-083 (see
January 19, 2023
news release) clearly demonstrated the high grade potential of the
section, which intersected 7.0 metres of 6.4 g/t Au, 27.6 g/t Ag, and 1.1% Zn, including 1.1 metres of
38.0 g/t Au, 137.0 g/t Ag, and 5.9% Zn. Numerous broad zones of disseminated and veinlet-hosted
sulfide mineralization were intersected in holes BK22-076 and -077, yielding intervals such as
54.6
metres of 0.83 g/t Au, 9.2 g/t Ag and 0.21% Zn including 3.0 metres of 6.06 g/t Au, 62.5 g/t Ag
and 0.52% Zn
in BK22-077 (Table 1). Hole BK22-078 collared in altered but unmineralized volcanic
and sedimentary rocks, likely part of the hanging wall to the Buck Main system.
Hole BK22-079 represents the largest step-out drilled along strike west of the Buck Main system. The
hole intersected multiple zones of gold-silver-zinc mineralization highlighted by
4.7 metres of 0.91 g/t
Au, 17.3 g/t Ag and 0.66% Zn including 1.1 metres of 3.4 g/t Au, 68.6 g/t Ag and 2.05% Zn
at
223.6 metres, and
1 metre of 5.1 g/t Au, 2.7 g/t Ag and 0.56% Zn
at the bottom of hole. The hole
extends the strike-length of the Buck Main system to over one kilometre east-west and defines a new
target to test in upcoming drill programs.
Figure 2. Cross section 4450 showing selected highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/152404_e5ca5455c4f91ba4_002full.jpg
Figure 3. Cross section 4350 showing selected highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/152404_e5ca5455c4f91ba4_003full.jpg
Table 2. Drill Collar Locations
Hole ID
Easting
Northing
Elevation (m)
Azimuth
Dip
Depth (m)
BK22-076
654125
6019748
885
200
-57.0
632
BK22-077
654125
6019747
885
199
-44.9
494
BK22-078
654081
6019631
879
200
-45.2
224
BK22-079
654026
6019783
861
200
-44.9
366
BK22-080
654225
6019798
883
19
-59.9
336
Coordinates are in UTM NAD83 Zone 9N
Upcoming Sun Summit Events
January 23-26, Vancouver AME Roundup
BC, Yukon and Alaska Session, Technical Talk January 26 at 9:45 am
January 29 to 30, Vancouver Resource Investment Conference (VRIC)
Booth # 309
Corporate Presentation January 30: Workshop 2 at 1:30 pm
February 11 to 12, Whistler Capital Event (CEM)
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 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/Fig1_Buck_Drilling_Overview_Jan25-
NR.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2023/01/Fig2_Buck_Sxn_4450_Jan25-NR-final.jpg
Figure 3:
https://sunsummitminerals.com/wp-content/uploads/2023/01/Fig3_Buck_Sxn_4350_Jan25-NR-final.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/152404