Sun Summit to Commence Drilling on Two New High Priority Targets at Buck Project; Additional Target Advancement Ongoing
Sun Summit to Commence Drilling on Two
New High Priority Targets at Buck Project;
Additional Target Advancement Ongoing
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2023) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to report that recent systematic property-wide field exploration has
resulted in the delineation of several high-priority drill targets at the Buck Project, central British
Columbia. These targets are located outside of the Buck Main mineralized system, which has been the
focus of recent drill programs.
Highlights
Significant discovery potential across the project:
Results from the multidisciplinary 2022
field program have outlined several high-priority drill targets in previously untested areas. Planning
to drill the first two targets is underway.
IRK Target - Extensive geochemical and geophysical footprint:
Anomalous silver, zinc, lead
and copper in soil samples together with rock samples with up to 1.7% Zn, 95 g/t Ag and 2.4% Cu
are spatially coincident with NW-trending high-resistivity and high-chargeability lineaments and are
interpreted to represent structurally-controlled epithermal-related vein targets.
Eagle Eye Target - Potential for porphyry-style mineralization:
A strong 500 metre by 500
metre high-chargeability anomaly associated with a broad zone of intense phyllic alteration is
interpreted to represent distal alteration related to a concealed porphyry target.
Additional drill target generation across the project:
Additional drill targets are currently being
prioritized at Silverthorne (CC Zone, Buck West), Morice Mountain, Echo and Dungate South
zones.
Drill testing of the IRK and Eagle Eye targets to commence this quarter
.
2023 will be a pivotal year for Sun Summit:
The Company is planning a significant field
program across the Buck Project aimed at discovery.
Sharyn Alexander, Sun Summit's President, stated: "The potential of these highly prospective new
targets substantially enhances the Buck Project with multiple new drill-worthy targets for potential
discovery outside of the existing Buck Main zone. Recent integration of geochemical and
lithological/alteration data allowed us to rapidly define target models with large scale potential at both
IRK and Eagle Eye, while several similar targets are being advanced for possible future drilling. The
Company's systematic exploration in 2022 assisted in the development of an extensive geological,
geochemical, and geophysical dataset that has been instrumental in identifying and developing these
prospective areas for project expansion. We have prioritized IRK and Eagle Eye to the drill-ready stage
and have defined several high-priority targets within each for drill testing in an upcoming program.
"We are fully permitted for drilling on these targets and look forward to another active exploration year,
as we seek to expand the opportunities within the broader Buck Project area."
Exploration Targets
IRK Target
The center of the IRK target, located 11 km south of Buck Main, consists of an extensive silver-zinc-lead-
copper coincidental soil and rock geochemical anomaly associated with numerous N-S trending high-
resistivity and high-chargeability lineaments generated by recent induced polarization (IP) surveys by the
Company (Figure 1). Assay highlights of rock samples taken from outcrops located along these
lineaments include:
F192780 - 95 ppm Ag, 0.15% Cu, and 0.72% Zn in hydrothermal breccia with oxidized sulfides.
F192757 - 25 ppm Ag, 2.4% Cu, 724 ppm Pb, and 1.1% Zn in silica-sericite altered volcanic rock.
F192759 - 1.5 ppm Ag, 640 ppm Cu, and 0.1% Zn in carbonate-altered volcanic rock with
hematite-pyrite veinlets.
Figure 1. IRK Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/154033_5032394f44264993_001full.jpg
Although mostly concealed by young till and soils, the IRK target is interpreted to be underlain by volcanic
and volcaniclastic rocks of the Late Cretaceous Kasalka Group. These prospective rocks host
epithermal-related mineralization at Buck Main and also epithermal-related mineralization at the
Blackwater and Capoose gold-silver development projects (Artemis Gold Inc.) and high-grade silver-
base metal veins at Silver Queen (Equity Metals).
A series of drill holes are planned to systematically test the strongest coincident anomalies across the
broad IRK target.
The IRK IP grid consisted of seven 200 metre spaced, northeast oriented lines, and three 400 metre
spaced lines, for a total of 23.7 km of surveyed lines. Readings were collected on 50 metre spaced
dipoles near the centre of the target and on 100 metre space dipoles on the margins.
Eagle Eye Target
The Eagle Eye target, three km southwest of Buck Main, is characterized by a strong chargeability-high
anomaly (see
November 24, 2022
news release) associated with outcropping quartz-sericite-pyrite
(phyllic) altered volcanic and intrusive rocks (Figure 2). The center of the chargeability-high anomaly is
also coincident with a broad magnetic-high anomaly interpreted to reflect a deep and concealed
magnetic source.
Taken together, the Eagle Eye target is interpreted to represent the surficial expression of a concealed
porphyry system. Drilling will focus on testing the anomalies at depth.
Figure 2. Eagle Eye Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/154033_5032394f44264993_002full.jpg
Exploration Drilling
The high-priority and drill ready IRK and Eagle Eye targets will be fully investigated and tested in the first
quarter of 2023. Additional drill targets (e.g., Silverthorne, Morice Mountain, Echo and Dungate South)
are being further explored to establish geologic model and scale and finalize drill hole vectoring. Details
on these other targets and exploration plans for 2023 will be released in the coming weeks.
Quality Assurance and Quality Control
Rock samples were 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.
Rock samples were analyzed for 33 elements by ICP-MS on a 0.25 gram sample using a four acid
digestion (method ME-ICP61). 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.
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 centre 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/2023/02/Fig-1-IRK_Targeting_Feb_NR.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2023/02/Fig-2-EagleEye_Targeting_Feb_NR.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.
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