Sun Summit Appoints Sharyn Alexander as President and Provides Update on Its Exploration Drill Program at Buck
Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (“Sun Summit” or the “Company”) is pleased to provide a corporate update and inform shareholders on drilling progress at its 100% controlled Buck Property, central British Columbia. Two drill rigs are currently operating on site.
Highlights
- Strengthens executive team by appointment of Sharyn Alexander to the position of President: Ms. Alexander brings a wealth of experience in mineral exploration including most recently Vice President Technical Services for Sun Summit.
- Systematically testing the lateral and vertical extent of high-grade gold mineralization: Twenty holes have been drilled so far in the Trench Zone targeting vein-hosted high-grade gold mineralization (e.g., 31.6 grams per tonne (g/t) gold over 4.0 metres including 246 g/t gold over 0.5 metres; BK21-020, see news release dated May 11th, 2021).
- Expanding the footprint of near-surface, bulk tonnage-style gold mineralization: Eight holes have been drilled so far in the Horseshoe and Trench zones stepping-out from known zones of near-surface, bulk tonnage-style gold mineralization (e.g., 1.07 g/t gold over 109 metres including 7.17 g/t gold over 5.2 metres; BK21-017, see news release dated May 11th, 2021).
- Assay and geochemical analyses underway: Core samples from 15 holes have been sent to the lab for assay with additional core shipments being sent bi-weekly.
“We are very pleased to appoint Ms. Alexander to co-lead our executive team,” Bob Willis, Sun Summit’s CEO, stated. “Over the past few years, she has been instrumental in her role as Vice-President, Technical Services in facilitating and managing numerous aspects of our corporate and exploration activities. I look forward to working closely with her as our company continues to systematically advance the Buck Property while maintaining the Company’s standards and best practices.”
Sharyn Alexander, Sun Summit’s President, commented, “I am very excited to take on new challenges and lead the company through a very exciting time of growth and discovery. We are aggressively drilling at Buck with two rigs and the program is moving along as planned. I look forward to continuing to closely work with the executive team on the implementation of various strategic initiatives with the goal of delivering additional exploration success.”
Drill Program
The current drill program has three primary objectives (see news release dated October 13th, 2021), 1) investigate the extent and continuity of high-grade gold mineralization characteristic of the Trench Zone, 2) investigate the strike-extent of near surface, bulk-tonnage gold mineralization characteristic of the Horseshoe Zone, and 3) investigate the limits of the mineralized hydrothermal footprint. All three objectives are being systematically addressed with two diamond drill rigs and a team of experienced exploration geologists continuously evaluating and amending the exploration model.
Over 10,000 metres were initially planned to be drilled within a footprint of approximately 600 metres by 300 metres (see news release dated September 28th, 2021). Twenty-eight holes totalling over 8,000 metres have been completed so far. Based on encouraging visual observations from numerous holes, multiple new holes are being planned.
Intervals of pervasive silica and sericite alteration peripheral to quartz-feldspar porphyritic dykes with associated quartz-sulfide veinlets and stockworks have been observed in multiple holes in the Trench Zone. These prospective zones are hosted in fine grained sedimentary and intermediate volcaniclastic rocks. The contact of these bedded rocks with thick sequences of poorly-sorted and chaotic dacitic lapilli tuffs is interpreted to be a partial control on the distribution of gold-bearing, sphalerite-rich sulfide-cemented breccias of the Horseshoe Zone. This interpreted structural contact has been modelled to be northwest trending. Additional drilling is planned to test along this trend between the Trench and Horseshoe zones with the aim of expanding zones of near-surface mineralization while investigating the relationships between the two mineralization styles.
Core samples are being dispatched from the Company’s core logging facility in Houston, B.C. to ALS Global preparation facilities in Kamloops, Langley and North Vancouver, B.C. Samples from the first 14 holes are in the lab, and more are anticipated to arrive in the coming days.
Sharyn Alexander
Ms. Alexander is a geologist with over 15 years of experience in mineral exploration and mining. She has worked with a number of companies such as B2Gold, Barrick (Australia), and SRK Consulting. Her diversified skillset includes project management, business development, strategic planning, relationship building, social responsibility, investor relations, and marketing. Ms. Alexander earned her Bachelor of Science (Geology) from McMaster University, her Masters of Science (Geology) from the University of Toronto, and she holds an Advanced Diploma in GIS from BCIT.
Buck Property
The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. 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 Property 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.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
For further information, contact:
Sharyn Alexander, M.Sc.
President
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Sun Summit Commences Significant Drill Program at Buck; Targets Continuity of High-Grade Gold Mineralization
Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (“Sun Summit” or the “Company”) is pleased to announce that it has commenced a new phase of drilling at its 100% controlled Buck Property, central British Columbia. Two drill rigs are currently on site, and another rig may be added later, dependent on availability.
Highlights
- Build on high-grade gold discovery: Sun Summit will systematically investigate the structural controls and spatial distribution of high-grade gold intersected in multiple holes in early 2021, stepping out around the Trench Zone area (e.g., 31.6 grams per tonne (g/t) gold over 4.0 metres including 246 g/t gold over 0.5 metres; BK21-020, see SMN news release dated May 11th, 2021).
- Expand footprint of near-surface, bulk tonnage-style gold: Sun Summit will also focus on delineating and expanding the size and trend of bulk tonnage-style gold mineralization intersected in numerous holes in 2020 and early 2021 in the Horseshoe Zone area (e.g., 1.07 g/t gold over 109 metres including 7.17 g/t gold over 5.2 metres; BK21-017, see SMN news release dated May 11th, 2021).
- Over 30 drill holes are planned in this initial phase of drilling: Two diamond drill rigs are on site; one initially focused on the Trench Zone and one initially focused on the Horseshoe Zone.
- Test new targets: Numerous additional targets within and outside of the open-ended, 900 metre by 950 metre mineralized system (see SMN news release dated July 6th, 2021) will also be tested. Holes drilled in these targets will be in addition to the 30 plus holes to be drilled in the Trench and Horseshoe zones.
Bob Willis, Sun Summit’s CEO, stated,
“We are excited to commence this significant phase of drilling at our Buck property. Based on encouraging results from earlier this year we have gained considerable insight into property-scale structural controls on widespread gold and silver mineralization at Buck.”
“This next phase of drilling will test these new structural models by focusing on local controls considered to be important for the distribution of high-grade gold mineralization. We have designed a series of drill holes to systematically test the extent and potential of the Trench and Horseshoe zones. These holes, as well as possible wider step-out holes, could exceed 12,000 metres of drilling. This drill phase is open ended and can be expanded based on ongoing results.”
Drill Program
Over 30 drill holes are planned within a footprint of approximately 600 metres by 300 metres. The drill program has three primary objectives:
1) Investigate the extent and continuity of high-grade gold mineralization characteristic of the Trench Zone. All previous Trench Zone holes (e.g., 31.6 g/t gold over 4.0 metres including 246 g/t gold over 0.5 metres; BK21-020, see SMN news release dated May 11th, 2021) were designed based on results from discovery hole BK20-012 (5.86 g/t gold over 17 metres including 23.05 g/t gold over 3.0 metres; see SMN news release dated January 5th, 2021). Updated modelling has defined broad northwest trends to high-grade gold mineralization within the target area. New drill holes, all with northeast oriented azimuths, are designed to systematically test these trends for continuity of mineralization. Tightly-spaced step-out holes peripheral to areas of known mineralization together with wider-spaced step-out holes along and across trends will be completed. Twenty four drill holes are initially designed for the Trench Zone.
2) Investigate the strike-extent of near surface, bulk-tonnage gold mineralization characteristic of the Horseshoe Zone. All previous holes in the Horseshoe Zone hit near-continuous, broad zones of breccia-hosted and disseminated gold mineralization (e.g., 1.13 g/t gold equivalent over 87 metres within 0.52 g/t gold equivalent over 409 metres; BK21-033; see SMN news release dated July 6th, 2021). The zones are unconstrained, and modelling suggests further drilling is warranted to define the extent of bulk-tonnage mineralization. All new drill holes are designed to test the extent of, and the structural relationship between the two key styles of gold mineralization observed within the Horseshoe Zone, being (1) sphalerite-rich sulfide-cemented hydrothermal ‘mosaic’ breccias (e.g., 1.04 g/t gold over 46 metres including 3.76 g/t gold over 5.7 metres; BK20-006; see SMN news release dated January 5th, 2021) and, (2) disseminated throughout volcanic breccias (e.g., 0.58 g/t gold over 127.2 metres; BK20-001; see SMN news release dated May 12th, 2020). Seven holes are initially planned in the Horseshoe Zone.
3) Investigate the limits of the mineralized hydrothermal footprint. Epithermal-related alteration and mineralization has been intersected in drill holes covering a footprint of approximately 900 metres by 950 metres, including below post-mineralization basalts (see SMN news release dated July 6th, 2021). The true extent of this footprint is unknown. Additional holes are designed to explore for new mineralized centres within, and outside of the known footprint.
Exploration update
Property-wide exploration is ongoing (see SMN news release dated August 4th, 2021). Numerous soil-geochemical grids and long property-scale soil transects have been completed totalling over 2,600 samples. Over 220 systematic rock-chip samples have also been collected from newly identified areas of widespread hydrothermal alteration as well as targets identified from a thorough compilation of all available historic exploration data. Soil and rock samples are currently in the lab and results will be released once all data are received and have been interpreted. Management believes this work will yield additional priority drill targets outside the Trench-Horseshoe area.
Buck Property
The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. 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 Property 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.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Sun Summit Minerals to Begin Trading on the OTCQB as “SMREF”
Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (“Sun Summit” or the “Company”) is pleased to announce that its common shares were approved today for trading on OTC Markets Group Inc.’s OTCQB® Venture Market (“OTCQB”) for early-stage and developing U.S. and international companies.
Robert Willis, CEO, commented, “Our OTCQB listing is an important milestone for the Company and provides increased access and visibility to prospective U.S. investors. This listing should help promote greater liquidity and simplify transactions for U.S. based investors to enable them to participate directly in our Company as we advance our Buck gold discovery.”
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. OTCQB is recognized by the U.S. Securities and Exchange Commission (“SEC”) as an established public market for the purpose of determining the public market price when registering securities for resale with the SEC, and it provides current public information to investors that need to analyze, value, and trade securities.
Investors can find real-time quotes and market information for the Company on: https://www.otcmarkets.com/stock/SMREF/overview
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at their flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well funded exploration campaigns with year round drilling access. The property has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com.
- Published in News Home, San Marco Resources
Sun Summit Intersects Longest Interval of Continuous, near Surface Gold Mineralization to Date: 87 Metres of 1.13 g/t Gold Equivalent Within 409 Metres of 0.52 g/t Gold Equivalent
Sun Summit Minerals Inc. (TSXV: SMN) OTC Pink: SMREF) (“Sun Summit” or the “Company”) is pleased to report the final assay results from the first phase of its 2021 exploration program on its Buck Property, central British Columbia.
Highlights
Long intervals of continuous gold mineralization cut in BK21-033 (Horseshoe zone):
- 87 metres of 1.13 grams per tonne (g/t) gold equivalent (AuEQ) within 265 metres of 0.66 g/t AuEQ and 409 metres of 0.52 g/t AuEQ.
- 409 metre interval starts at six metres down hole and represents the longest zone of continuous gold mineralization intersected on the property.
- BK21-033 together with previously reported BK21-017 (241 metres of 0.77 g/t AuEQ, including 109 metres of 1.15 g/t AuEQ; May 11th, 2021 News Release) and BK21-032 (187 metres of 0.73 g/t AuEQ including 54.0 metres of 1.19 g/t AuEQ and a lower interval of 59.1 metres of 0.95 g/t AuEQ; June 10th, 2021 News Release) demonstrate significant bulk-tonnage gold potential of the northern-extent of the Horseshoe zone.
- Based on 2020 and 2021 drilling, the mineralized system at Buck is at least 950 metres east-west by 900 metres north-south, with limits not yet defined.
Note: Intervals are downhole core lengths. True widths are unknown. AuEQ based on a 65:1 silver to gold ratio.
Bob Willis, Sun Summit’s CEO, commented:
“The 2021 drill program is a clear success. All holes cut multiple intervals of strong gold mineralization associated with significant hydrothermal alteration. In addition, large step-out holes from previously drilled areas, have yet to constrain the limits of the epithermal-related mineralized system.”
“In this final batch of assays, BK21-033 yielded 211 gram*metres (409 metres x 0.52 g/t AuEQ), the highest gram*metre intersection to date on the property. This drill hole, along with holes BK21-017 and BK21-032, demonstrates the potential of the northern extent of the Horseshoe zone. This will be a priority area to further drill test once we ramp up our drill program.”
“We aggressively stepped-out 400 metres to the east and drilled through post-mineralization volcanic rocks and hit Horseshoe zone-style breccia mineralization right below the basalts. This exploration success significantly opens the eastern side of the property for gold zone expansion.”
“All Trench zone holes in 2021 were designed based on results from one hole – discovery hole BK20-012 (17.0 metres of 5.89 g/t AuEQ including 3.0 metres of 23.10 g/t AuEQ). With no assays to guide hole placement while drilling was ongoing, we sited holes to maximize coverage within the known Trench-Horseshoe area, rather than trying to target specific high grade intercepts. Even so, drilling succeeded in delivering numerous additional drill intercepts of similar grade from this area. Our team is now working on a modified and still evolving geological model that we will use in generating our plan for the next phase of drilling. We plan to aggressively explore Buck with an expanded drill program as soon as this geological modelling is complete. The Buck gold mineralized hydrothermal system has been intercepted over an area of approximately 950 metres by 900 metres, based on drilling to date. Its limits and full extent are still unknown.”
“We also look forward to reporting the results of our ongoing property-wide exploration program as they become available. Early indications from this work are encouraging and may add targets for drill testing sooner rather than later.”
Sun Summit has drilled 18 holes so far in 2021. Results from the first five holes were announced on May 11th, 2021 and results from six additional holes were announced on June 10th, 2021. Results from the final seven holes are reported in this news release (Tables 1, 2 and 3).
Horseshoe Zone:
Drill hole BK21-033 was designed to test the lateral and depth extent of significant mineralization intersected in holes BK21-017 and BK21-018 (see SMN news release dated May 11th, 2021). Based on modelling of results from BK21-017 and BK21-018, BK21-033 was collared on the same pad as BK21-017 but drilled at a shallower dip and to the east. The hole cut long intervals of breccia-hosted, sphalerite-associated, bulk tonnage-style gold mineralization highlighted by 409 metres of 0.52 g/t AuEQ (211 AuEQ gram*metres) including 265 metres of 0.66 g/t AuEQ and 87 metres of 1.13 g/t AuEQ. The nature of gold-associated with zinc mineralization is similar to BK21-017 and BK21-032 – the 409 metre interval also returned 0.57% zinc.
Using the same interval calculation parameters as BK21-033 (i.e., 0.10 g/t AuEQ cut-off), BK21-017, when recalculated, intersected 241 metres of 0.77 g/t AuEQ (186 AuEQ gram*metres) including 109 metres of 1.15 g/t AuEQ (see SMN news release dated May 11th, 2021) and BK21-032, when recalculated, intersected 187 metres of 0.73 g/t AuEQ (137 AuEQ gram*metres) with 54.0 metres of 1.19 g/t AuEQ and a lower interval of 59.1 metres of 0.95 g/t AuEQ (see SMN news release dated June 10th, 2021). These long intervals of high gram*metres demonstrate the significant near surface, bulk-tonnage potential of the Horseshoe zone. These new data integrated with the Company’s exploration model, suggests that significant additional drilling is warranted to define the extent and trend of the broad mineralized zones.
Table 1. Assay results – Horseshoe Zone
- Previously reported intercept (May 11th and June 10th, 2021).
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.10 g/t gold equivalent cutoff.
- Intervals are downhole core lengths. True widths are unknown.
Step-out holes:
Sun Summit drilled three widely-spaced step-out holes (BK21-030, 031 and 034):
- BK21-031 collared through over 160 metres of post-mineralization, Eocene aged basalts and bottomed in the same package of dacitic volcanic rocks, breccias, and quartz-feldspar porphyries as the core of the Horseshoe zone, centered 400 metres to the northwest. BK21-031 intersected pervasive hydrothermal-related alteration (quartz + sericite + pyrite) and yielded multiple long intervals of gold mineralization over the 167 metres of drilled Horseshoe-affinity volcanic rocks and intrusive dykes (Table 2). Additional drilling in this new area (Buck SE), is clearly warranted to further test the extent of epithermal-related mineralization and to target higher-grade zones, known to lie peripheral to the styles of alteration and mineralization observed in BK21-031 (e.g., BK21-033).
- BK21-034 collared over 700 metres northwest of BK21-033 (BK20-012, BK21-017) and targeted a northwest trending magnetic-low geophysical anomaly. The hole intersected a thick sequence of variably altered, andesitic volcanic and volcaniclastic rocks cut by local quartz-feldspar porphyritic dykes and a high-grade, base metal-rich, silver-bearing banded quartz vein. The vein returned an intercept of 1.3 metres of 329 g/t silver with 0.50 g/t gold, 1.40% zinc and 2.96% lead (Table 2).
- BK21-030, collared 200 metres southwest of BK21-033 (Figure 1), was drilled to the southwest to test a new area at depth previously undrilled. The hole cut numerous intervals of bulk tonnage-style gold mineralization (Table 2) and demonstrates a southern continuation of prospective Horseshoe-style breccias.
Table 2. Assay Results – Step-outs
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.10 g/t gold equivalent cutoff.
- Intervals are downhole core lengths. True widths are unknown.
Trench Zone:
Drill holes BK21-027, 028 and 029 were collared in the Trench zone and were designed to test the extent of gold mineralization previously discovered in BK20-012 (17.0 metres of 5.89 g/t AuEQ including 3.0 metres of 23.10 g/t AuEQ; see SMN news release dated January 5th, 2021). Hole BK21-027 was collared on the same pad as BK21-025 (62 metres of 0.85 g/t AuEQ including 19.2 metres of 1.31 g/t AuEQ; see SMN news release dated June 10th, 2021) but drilled at a shallower angle to the west. Hole BK21-028 was collared 25 metres west of BK21-024 (17.0 metres of 2.97 g/t AuEQ including 1.4 metres of 19.71 g/t AuEQ and 1.4 metres of 14.01 g/t AuEQ; see SMN news release dated June 10th, 2021) and drilled to the southwest. BK21-029 was collared 180 metres south of BK21-028 and drilled to the northeast.
All three holes cut multiple intervals of broad zones of bulk tonnage-style gold mineralization hosted in pervasively sericite + quartz altered lapilli tuffs, andesites and quartz-feldspar porphyry dykes. Mineralization is predominantly disseminated and veinlet-hosted comprised of pyrite and sphalerite. Assay results from this zone are reported in Table 3.
Table 3. Assay results – Trench zone
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.10 g/t gold equivalent cutoff.
- Intervals are downhole core lengths. True widths are unknown.
950 m
Figure 1. Map showing drill hole locations.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/89416_70d849904419e821_003full.jpg
Figure 2. A-A’ Cross section from the Trench to Horseshoe zones showing selected highlights.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/89416_70d849904419e821_004full.jpg
Table 4. Drill collar locations
Hole ID | UTM E* | UTM N* | Elevation (m) | EOH (m) | Azimuth | Dip |
BK21-027 | 654251.6 | 6019726 | 888.16 | 474 | 270 | -50 |
BK21-028 | 654326 | 6019800 | 883.71 | 384 | 210 | -50 |
BK21-029 | 654322 | 6019627 | 931.56 | 459 | 45 | -70 |
BK21-030 | 654434 | 6019592 | 939.89 | 369 | 210 | -45 |
BK21-031 | 655000.3 | 6019578 | 927.27 | 327 | 210 | -50 |
BK21-033 | 654564 | 6019732 | 909.35 | 540 | 90 | -50 |
BK21-034 | 653920 | 6020060 | 812.29 | 300 | 200 | -50 |
Notes: * NAD 83 Zone 9N
Quality Assurance and Quality Control
All sample assay results have been monitored through the Company’s quality assurance and 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 the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Yellowknife, N.T. 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.
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L or ME-MS61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit silver (>100 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. Over limit zinc (>10,000 ppm) and lead (>10,000 ppm) was re-analysed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements an 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 CEO, Robert D. Willis, P. Eng. 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 working to engage with First Nations on whose territory the Buck Property is located, to discuss their interests and identify 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.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
Buck Property
The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com.
Figures
Figure 1
https://sunsummitminerals.com/wp-content/uploads/2021/07/Buck_Fig1_Drilling_July6_NR-v2.jpg
Figure 2
https://sunsummitminerals.com/wp-content/uploads/2021/07/Buck_Fig2_EW_Section_July6_NR-scaled.jpg
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
- Published in San Marco Resources
Sun Summit Continues to Intersect Multiple Zones of High-Grade and Bulk Tonnage-Style Gold Mineralization at Buck Property, Central BC
Sun Summit Minerals Inc. (TSXV: SMN) (OTC Pink: SMREF) (“Sun Summit” or the “Company”) is pleased to report additional results from its fully funded 2021 exploration program on its Buck Property, central B.C.
Highlights
Trench Zone
- BK21-024: Numerous high-grade intervals cut throughout the entire hole:
- 19.71 grams per tonne (g/t) gold equivalent (AuEQ) over 1.4 metres and 14.01 g/t AuEQ over 1.4 metres within 6.35 g/t AuEQ over 7.6 metres, and within a broader interval of 2.97 g/t AuEQ over 17.0 metres near the top of the hole.
- 42.05 g/t AuEQ over 1.0 metre within a broader interval of 5.84 g/t AuEQ over 7.4 metres from 252.6 metres down hole.
- 16.87 g/t AuEQ over 1.0 metre within a broader interval of 2.01 g/t AuEQ over 9.0 metres near the bottom of the hole.
- 19.71 grams per tonne (g/t) gold equivalent (AuEQ) over 1.4 metres and 14.01 g/t AuEQ over 1.4 metres within 6.35 g/t AuEQ over 7.6 metres, and within a broader interval of 2.97 g/t AuEQ over 17.0 metres near the top of the hole.
- BK21-026: Broad zones of bulk tonnage-style gold mineralization with local high-grade gold intercepts:
- 33.67 g/t AuEQ over 1.0 metres within a broader interval of 1.18 g/t AuEQ over 44.1 metres.
- 33.67 g/t AuEQ over 1.0 metres within a broader interval of 1.18 g/t AuEQ over 44.1 metres.
- BK21-025: Numerous broad zones of bulk tonnage-style gold mineralization:
- 9.28 g/t AuEQ over 1.0 metre within a broader interval of 0.64 g/t AuEQ over 39.0 metres from 123.0 metres down hole.
- 13.97 g/t AuEQ over 0.8 metres within a broader interval of 1.07 g/t AuEQ over 32.2 metres which is within a wider interval of 0.85 g/t AuEQ over 62.0 metres from deeper in the hole.
- 9.28 g/t AuEQ over 1.0 metre within a broader interval of 0.64 g/t AuEQ over 39.0 metres from 123.0 metres down hole.
Horseshoe zone
- BK21-032: Multiple broad zones of >1.0 g/t gold mineralization:
- 2.99 g/t AuEQ over 12.3 metres within a broader interval of 1.19 g/t AuEQ over 54.0 metres from 89.0 metres down hole.
- 1.46 g/t AuEQ over 31.0 metres within a broader interval of 0.95 g/t AuEQ over 59.1 metres from 192.0 metres down hole.
- 2.99 g/t AuEQ over 12.3 metres within a broader interval of 1.19 g/t AuEQ over 54.0 metres from 89.0 metres down hole.
Note: Intervals are downhole core lengths. True widths are unknown. AuEQ based on a 65:1 silver to gold ratio.
Figure 1. Photograph of sulfide-cemented breccias cut in BK21-032 at 102 metres down hole. Abbreviations: sph = sphalerite, py = pyrite, gn = galena, carb = carbonate, = qtz = quartz
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/87124_c0622daa6498cb72_001full.jpg
Sun Summit has drilled 18 holes in 2021. Results from the first five holes were released on May 11th, 2021. Results from six additional holes are reported in this news release (Tables 1 and 2). Results from seven holes from the Horseshoe and Trench zones and peripheral areas remain pending (Figures 2 and 3).
Bob Willis, Sun Summit’s CEO commented: “The 2021 drill program continues to deliver significant results in the Trench zone area that is quickly becoming a robust high-grade gold target. Like previously reported results, high-grade gold mineralization was intersected in multiple intervals in multiple holes in the Trench zone and confirms the potential of this target for vein-hosted high-grade gold. What is equally important is the new discovery that bulk tonnage-style disseminated gold mineralization is also present in the Trench zone.”
“We are also very pleased with results from the only hole reported here from the Horseshoe zone. This hole cut multiple zones of >1.0 g/t gold mineralization.”
“It is gratifying to report large cumulative gold intercepts in all holes, which were broadly spaced and drilled at multiple different azimuths. Trench to Horseshoe continues to be completely open for further expansion in all directions. Results from remaining drill holes will be released shortly.”
Trench zone
The five Trench zone holes (BK21-021, 023, 024, 025 and 026; Table 1) were designed to investigate the extent of multiple zones of high-grade gold mineralization discovered in BK20-012 (see news release dated January 5th, 2021) and confirmed in BK20-020 (see news release dated May 11th, 2021). Results from the Trench zone are reported in Table 1.
Table 1. Assay results – Trench zone
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-024 and BK21-023 were drilled steeply to the south to test the extent of high-grade gold mineralization discovered in BK20-012.
BK21-024 intersected multiple intervals of high-grade gold mineralization throughout the entire hole (intervals are not true widths) including 19.71 g/t AuEQ over 1.4 metres, 14.01 g/t AuEQ over 1.4 metres, 42.05 g/t AuEQ over 1.0 metre, and 16.87 g/t AuEQ over 1.0 metre (Figure 3). The deepest high-grade interval at 352.8 metres downhole is approximately 70 metres below the bottom of BK20-012 which hit 7.54 g/t AuEQ over 1.0 metre within 1.05 g/t AuEQ over 12.7 metres (see news release dated January 5th, 2021). These high-grade intercepts in BK21-024 are locally within wider intervals of bulk-tonnage style mineralization such as 2.97 g/t AuEQ over 17.0 metres near the top of the hole from 45.0 to 62.0 metres (Table 1).
Similarly, BK21-023 intersected numerous broad intervals of bulk tonnage-style mineralization (e.g., 0.64 g/t AuEQ over 59.0 metres including 1.01 g/t AuEQ over 19.2 metres) highlighted by 15.38 g/t AuEQ over 1.0 metre within a broader interval of 2.29 g/t AuEQ over 11.0 metres near the bottom of the hole (Figure 3). BK21-026 was drilled to the east and hit multiple intervals of gold mineralization throughout the entire hole highlighted by 1.18 g/t AuEQ over 44.1 metres including 33.67 g/t AuEQ over 1.0 metres from 170.0 to 214.1 metres down hole.
The presence of broad zones of bulk tonnage-style, disseminated gold mineralization with internal local high-grade vein-hosted mineralization was also intersected in BK21-025, collared 150 metres east of BK21-026 and drilled to the east. The hole cut mineralization throughout the entire hole starting with 0.64 g/t AuEQ over 39.0 metres from 123.0 to 162.0 metres and 0.85 g/t AuEQ over 62.0 metres from 374.0 to 436.0 metres down hole (Figure 3).Assays are pending from four remaining holes in the Trench zone.
Horseshoe zone
The Horseshoe zone hole (BK21-032; Table 2) was designed to test the lateral-extent of bulk-tonnage, sulfide-cemented breccia-hosted gold mineralization intersected in BK21-017 (see news release dated May 11th, 2021).
Table 2. Assay results – Horseshoe zone
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-032 was collared 100 metres northwest of BK21-017 and drilled to the east at a similar dip. The hole returned two significant intervals: an upper interval of 1.19 g/t AuEQ over 54.0 metres from 89.0 to 143.0 metres hosted in sphalerite-rich sulfide-cemented breccias (Figure 1); and a lower interval of 0.95 g/t AuEQ over 59.1 metres including 31.0 metres of 1.46 g/t AuEQ hosted in polymictic breccias with clots of sphalerite + pyrite. The upper interval also contained 1.17% zinc over the 54.0 metres. Hole BK21-032 builds on results from 2020 (e.g., BK20-006, 007, 009 and top of 012) and the recently reported BK21-017 and BK21-018 and expands the zone of sphalerite-rich sulfide-cemented breccias laterally at depth (Figure 3). Assays are pending from one remaining hole in the Horseshoe zone.
Figure 2. Map showing drill hole locations.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/87124_c0622daa6498cb72_002full.jpg
Figure 3. A-A’ Cross section from the Trench to Horseshoe zones showing selected highlights.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6142/87124_c0622daa6498cb72_003full.jpg
Table 3. Drill collar locations
Notes: * NAD 83 Zone 9N
Quality Assurance and Quality Control
All sample assay results have been monitored through the Company’s quality assurance and 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 the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Yellowknife, N.T. 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.
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L or ME-MS61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit silver (>100 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. Over limit zinc (> 10,000 ppm) was re-analysed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements an 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 CEO, Robert D. Willis, P. Eng. 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 working to engage with First Nations on whose territory the Buck Property is located, to discuss their interests and identify 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.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
Buck Property
The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
Figures
Figure 1
https://sunsummitminerals.com/wp-content/uploads/2021/06/Buck_Fig1_BK21-032_Photo.jpg
Figure 2
https://sunsummitminerals.com/wp-content/uploads/2021/06/Buck_Fig1_Drilling_June10_NR-scaled.jpg
Figure 3
https://sunsummitminerals.com/wp-content/uploads/2021/06/Buck_Fig2_EW_Section_June10_NR-scaled.jpg
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Sun Summit Minerals Inc. (TSXV: SMN) (OTC Pink: SMREF) (“Sun Summit” or the “Company”) is pleased to report initial drill results from its fully funded, 2021 exploration program on its Buck Property, central B.C. Assays from five of the 18 completed holes are reported.
Highlights
- Significant high-grade gold mineralization was intersected in the Trench zone:
- 31.6 grams per tonne (g/t) gold over 4.0 metres, including 246 g/t gold over 0.5 metres (BK21-020).
- 7.36 g/t gold over 3.0 metres including 21.70 g/t gold over 1.0 metre (BK21-019).
- These initial results from BK20-012 step-out holes confirm the high-grade potential of this newly discovered area.
- Broad zones of bulk-tonnage style gold mineralization was intersected in the Horseshoe zone:
- 0.78 g/t gold over 186 metres including 1.07 g/t gold over 109 metres and including 7.17 g/t gold over 5.2 metres (BK21-017). This interval represents the longest continuous zone of significant gold and silver mineralization ever drilled on the property.
- 0.81 g/t gold over 70.0 metres including 1.04 g/t gold over 43.0 metres (BK21-018).
Note: Intervals are downhole core lengths. True widths are unknown.
Bob Willis, Sun Summit’s CEO, stated: “The 2021 program has started off with exceptional results. Our first hole in the Horseshoe zone cut a long and continuous interval of significant gold mineralization which contained a high-grade zone which clearly indicates the potential of high-grade sweeteners within bulk tonnage-style grades.
Assays from drill hole BK21-020, a 100-metre step-out from discovery hole BK20-012, in the Trench zone confirms the considerable potential of this area. The vein-hosted mineralization in this new hole yielded the highest gold grade ever drilled at Buck.
Our systematic approach to investigating the potential of the Buck property is paying off and we look forward to keeping our shareholders informed on our progress as assays are returned from the lab. The current drill phase expanded the footprint of the Trench-Horseshoe mineralized system. The limits of the system have not been reached and it remains open in all directions.”
Trench zone
The three Trench zone holes (BK21-019, 020, and 022; Table 1) were designed to investigate the extent of multiple zones of high-grade gold mineralization discovered in BK20-012 (see news release dated January 5, 2021).
Table 1. Assay results – Trench zone
From (m) | To (m) | Interval (m) | Gold (g/t) | Silver (g/t) | AuEQ (g/t) | |
Trench Zone | ||||||
BK21-019 | 59.0 | 73.0 | 14.0 | 0.38 | 5.93 | 0.48 |
and | 80.0 | 84.0 | 4.0 | 0.27 | 2.86 | 0.31 |
and | 131.0 | 154.1 | 23.1 | 1.51 | 3.58 | 1.57 |
inc | 131.0 | 134.0 | 3.0 | 7.36 | 8.70 | 7.49 |
inc | 133.0 | 134.0 | 1.0 | 21.70 | 22.20 | 22.04 |
inc | 145.2 | 146.0 | 0.8 | 8.38 | 5.39 | 8.46 |
and | 158.0 | 175.0 | 17.0 | 0.40 | 2.28 | 0.44 |
and | 195.0 | 203.2 | 8.2 | 0.98 | 2.22 | 1.01 |
and | 239.0 | 243.0 | 4.0 | 0.36 | 4.44 | 0.43 |
BK21-020 | 57.0 | 63.0 | 6.0 | 0.15 | 11.72 | 0.33 |
and | 74.0 | 79.0 | 5.0 | 0.68 | 8.35 | 0.81 |
and | 115.0 | 119.0 | 4.0 | 0.37 | 7.69 | 0.49 |
and | 154.0 | 161.0 | 7.0 | 0.50 | 5.58 | 0.58 |
and | 174.0 | 184.0 | 10.0 | 0.37 | 1.08 | 0.39 |
and | 203.0 | 211.0 | 8.0 | 0.48 | 1.61 | 0.50 |
and | 214.9 | 228.0 | 13.1 | 0.21 | 0.97 | 0.23 |
and | 233.0 | 243.2 | 10.2 | 0.36 | 1.04 | 0.38 |
and | 326.0 | 330.0 | 4.0 | 31.61 | 9.35 | 31.75 |
inc | 326.0 | 327.0 | 1.0 | 125.62 | 34.24 | 126.14 |
inc | 326.5 | 327.0 | 0.5 | 246.00 | 66.70 | 247.03 |
BK21-021 | Assays Pending | |||||
BK21-022 | 41.0 | 49.0 | 8.0 | 0.34 | 4.84 | 0.42 |
and | 84.0 | 91.7 | 7.7 | 0.55 | 7.02 | 0.66 |
and | 110.3 | 136.0 | 25.8 | 0.44 | 3.93 | 0.50 |
and | 147.0 | 182.9 | 35.9 | 0.28 | 2.35 | 0.32 |
and | 189.0 | 193.2 | 4.2 | 0.59 | 4.92 | 0.67 |
and | 247.0 | 255.7 | 8.7 | 1.04 | 6.18 | 1.14 |
and | 284.5 | 301.0 | 16.5 | 0.23 | 3.30 | 0.28 |
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-020 was drilled to the south and cut across the west-dipping BK20-012 and intersected (intervals are not true widths) 31.75 g/t AuEQ (gold equivalent; 31.6 g/t gold, 9.4 g/t silver) over 4.0 metres including 247 g/t AuEQ (246 g/t gold, 66.7 g/t silver) over 0.5 metres approximately 100 metres to the southeast of the 49.6 g/t gold over 1.5 metre interval in BK20-012 (Figures 1 and 3; see news release dated January 5, 2021). Here, local quartz + carbonate + sulfide vein-hosted gold mineralization is associated with a broad zone of quartz + sericite alteration peripheral to quartz + feldspar porphyritic dykes. Similarly, BK21-019 cut numerous zones of gold mineralization highlighted by 1.57 g/t AuEQ (1.51 g/t gold, 3.58 g/t silver) over 23.1 metres including 22.04 g/t AuEQ (21.70 g/t gold, 22.20 g/t silver) over 1.0 metre at 133 metres downhole. The higher-grade interval in BK21-019 was cut approximately 25 metres north of the 23.05 g/t gold over 3.0 metre interval in BK20-012 (see news release dated January 5, 2021). Results from all three holes demonstrate the high-grade potential of this new target area. Tighter-spaced drilling with oriented core is warranted to better define structural orientations of high-grade veins. Assays are pending from nine additional holes in the Trench zone.
Horseshoe zone
The two Horseshoe zone holes (BK21-017 and 018; Table 2) were designed to test the strike-extent of bulk-tonnage, sulfide-cemented breccia-hosted gold mineralization.
Table 2. Assay results – Horseshoe zone
From (m) | To (m) | Interval (m) | Gold (g/t) | Silver (g/t) | AuEQ (g/t) | |
Horseshoe Zone | ||||||
BK21-017 | 11.0 | 55.3 | 44.3 | 0.47 | 6.95 | 0.57 |
and | 66.0 | 252.0 | 186.0 | 0.78 | 4.91 | 0.85 |
inc | 129.0 | 238.0 | 109.0 | 1.07 | 5.48 | 1.15 |
inc | 129.0 | 174.0 | 45.0 | 1.64 | 7.69 | 1.76 |
inc | 134.0 | 139.2 | 5.2 | 7.17 | 18.23 | 7.45 |
Inc | 137.5 | 138.1 | 0.6 | 17.3 | 27.50 | 17.7 |
and | 275.0 | 293.0 | 18.0 | 0.20 | 1.52 | 0.22 |
and | 361.0 | 369.0 | 8.0 | 0.20 | 3.62 | 0.25 |
BK21-018 | 147.0 | 160.2 | 13.2 | 1.13 | 2.35 | 1.17 |
inc | 151.0 | 153.0 | 2.0 | 5.27 | 3.38 | 5.32 |
and | 166.0 | 236.0 | 70.0 | 0.81 | 2.52 | 0.85 |
inc | 181.0 | 224.0 | 43.0 | 1.04 | 2.11 | 1.07 |
inc | 186.0 | 190.0 | 4.0 | 3.93 | 1.48 | 3.95 |
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-017 was collared on the same pad as BK20-012 but drilled in an opposite direction to the east (Figure 1). The hole returned 1.15 g/t AuEQ (1.07 g/t gold, 5.48 g/t silver) over 109 metres associated with a dacite matrix-rich and local sulfide + quartz + carbonate-cemented hydrothermal breccia. BK21-018 was collared 65 metres south of BK21-017 and drilled to the north under BK21-017. The hole returned 0.85 g/t AuEQ (0.81 g/t gold, 2.52 g/t silver) over 70.0 metres including 1.07 g/t AuEQ (1.04 g/t gold, 2.11 g/t silver) over 43 metres associated with sphalerite-rich sulfide-cemented breccias. Together, both holes build on results from 2020 (e.g., BK20-006, 007, 009 and top of 012) and further expand the zone of near-surface, bulk-tonnage style gold mineralization to the east (Figures 1 and 2). All phases of breccias contain gold and silver mineralization associated with clotted, disseminated and breccia-hosted sphalerite (zinc sulfide) and pyrite. Assays are pending from two additional holes in the Horseshoe zone.
Figure 1. Map showing drill hole locations
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/83531_e2002a7ae4c03adf_001full.jpg
Figure 2. A-A’ Cross section from the Trench to Horseshoe zones showing selected highlights
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/83531_e2002a7ae4c03adf_002full.jpg
Figure 3. B-B’ Cross section in the Trench Zone showing selected highlights
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6142/83531_e2002a7ae4c03adf_003full.jpg
Table 3. Drill collar locations
Hole ID | UTM E* | UTM N* | Elevation (m) | EOH (m) | Azimuth | Dip |
BK21-017 | 654564 | 6019732 | 909 | 384 | 105 | -55 |
BK21-018 | 654552 | 6019670 | 919 | 330 | 40 | -75 |
BK21-019 | 654406 | 6019805 | 884 | 288 | 170 | -70 |
BK21-020 | 654406 | 6019805 | 884 | 354 | 175 | -60 |
BK21-022 | 654396 | 6019798 | 898 | 303 | 240 | -50 |
Notes: * NAD 83 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 the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Yellowknife, N.T. 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.
Core samples were analyzed for 48 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). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit silver (>100 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. Over limit zinc (> 10,000 ppm) was re-analysed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements an 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 CEO, Robert D. Willis, P. Eng. 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 working to engage with First Nations whose territory includes the Buck Property, to discuss their interests and identify contract and work opportunities, as well as opportunities to support community initiatives. We look forward to continuing to work with local and regional First Nations as the project continues.
Buck Property
The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at their flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well funded exploration campaigns with year round drilling access. The property has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2021/05/Buck_Fig1_Drilling_May11_NR-Au-scaled.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2021/05/Buck_Fig2_EW_Section_May11_NR-Au-scaled.jpg
Figure 3:
https://sunsummitminerals.com/wp-content/uploads/2021/05/Buck_Fig3_NS_Section_May11_NR-scaled.jpg
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Sun Summit Provides Exploration Update; Visible Gold Identified in Numerous Drill Holes
Sun Summit Minerals Inc. (TSXV: SMN) (OTC: SMREF) (“Sun Summit” or the “Company”) provides an update on the Company’s current exploration drill program at its 100% controlled Buck Property, north-central British Columbia. Since mobilization of crews, Sun Summit has completed 10 drill holes for over 4,000 metres focused on investigating zones of high-grade and bulk-tonnage style gold mineralization. Drilling will continue to test these targets as well as other targets going forward.
Highlights
- Five out of 10 drill holes intersected zones of visible gold mineralization in a new and highly-prospective area between the Horseshoe and Trench zones.
- Metallic screen fire assay analyses of visible gold-bearing samples from discovery hole BK20-012 demonstrates a local increase in gold grade compared to traditional fire assay methods.
- Regional exploration targets within the 33,000-hectare land package are being refined and prioritised.
Bob Willis, Sun Summit’s CEO, stated, “Our current drill program at Buck is on track to achieve all three goals we initially set for the team. These goals are targeting high-grade gold mineralization peripheral to our discovery hole, testing newly identified chargeability anomalies, and investigating the strike extent of near-surface breccia-hosted mineralization.”
“The fact that 50% of our drill holes so far have cut zones of visible gold mineralization attests to the significance of our discovery and the high-grade potential of the area between the Horseshoe and Trench zones. All holes have intersected mineralized zones similar to those that reported gold in earlier campaigns.”
“Buck contains a large-scale system created by multiple mineralizing events that have deposited gold in several environments. It will take more drilling to fully explore Buck’s multiple gold zones, but we are very pleased with what we are seeing as work progresses. Furthermore, based on results from our metallic screen study, we are now systematically and selectively using the metallic screen method to fully evaluate the gold grade of these significant zones. We look forward to presenting assays from this drill phase.”
Drill Program
Sun Summit has now completed 10 diamond drill holes in the Company’s fully-funded 2021 program, previously announced on February 9th, 2021. Drill holes to date have tested areas peripheral to the high-grade intersections of the discovery hole BK20-012 (e.g., 17 metres of 5.86 grams per tonne (g/t) gold including 3 metres of 23.05 g/t gold, and 7.5 metres of 10.19 g/t gold; see the Company’s news release dated January 5th, 2021), as well as areas along strike and down-dip from the near-surface breccia hosted mineralization intersected in numerous holes in 2020 (e.g., BK20-006; 46 meters of 1.12 g/t gold equivalent (AuEQ); see the Company’s news release dated January 5th, 2021). Samples from the first four holes are in the analytical lab and results will be released once they are received, modelled, and interpreted.
Visible gold has been identified in five of the 10 holes drilled to date. Gold is associated with discrete sphalerite + pyrite + quartz + carbonate veins and also in sulfide cemented breccias (Figure 1). Vein- and breccia-controlled mineralization is hosted in pervasively silica and sericite altered volcaniclastic rocks and locally porphyritic dacitic intrusions. The presence of sub-millimetre to millimetre-scale visible gold in numerous drill holes covering a distance of at least 300 metres east-west, demonstrates the high-grade gold potential of the structurally complex hydrothermal system at Buck. Additional drilling is focusing on investigating the true orientation and thickness of this newly interpreted high-grade gold mineralized corridor.
Figure 1. Photos of key mineralization textures and sulfide assemblages. A. quartz + pyrite + gold vein cutting altered volcanics (BK-21-021 at 326m), B. sphalerite + carbonate + gold vein cutting altered dacitic intrusion (BK21-023 at 132.5m), C. sphalerite + pyrite + gold bearing breccia cement (BK21-017 @ 137.5m), and D. parallel sphalerite bearing veins cutting pervasively altered volcanics (BK21-021 at 147.5m). Abbreviations, py = pyrite, sph = sphalerite, cpy = chalcopyrite and carb = carbonate.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/78195_3d95e0ab141dc870_001full.jpg
Metallic Screen Fire Assay
Results from the selective metallic screen study have been received. Sample C355022 reported an increase in grade from 49.6 g/t gold (Au) by traditional 30 gram fire assay (ALS Au-AA23 method) to 141 g/t Au by the metallic screen method (ALS Au-SCR21). The results suggest that metallic screen methods should be performed on drill core samples containing visible gold. These methods utilize a larger sample and a tailored preparation procedure to systematically capture native gold, thus providing a more robust estimate of gold grade. A summary of metallic screen results from all samples with logged visible gold is shown in Table 1. Sun Summit is using these data to modify its analytical workflow for all samples with logged visible gold or samples that return >5 g/t Au by traditional fire assay.
Table 1. Metallic screen fire assay data from BK20-012 intervals with visible gold
Fire Assay | Metallic Screen | ||||
Au-SCR21 | Au-SCR21 | Au-SCR21 | |||
Length | Au-AA23 | Au Total (+)(-) Combined | Au (+) Fraction | Au (-) Fraction | |
Sample | (m) | (g/t) | (g/t) | (g/t) | (g/t) |
C318455 | 1.5 | 31.4 | 26.3 | 79.5 | 22.7 |
C318456 | 1.5 | 14.7 | 14.7 | 29.7 | 13.7 |
C318466 | 1.5 | 19.1 | 14.4 | 147 | 4.20 |
C355022 | 1.5 | 49.6 | 141.0 | 1160 | 71.2 |
C355042 | 1.0 | 6.96 | 7.41 | 5.24 | 7.66 |
Quality Assurance and Quality Control
Coarse reject material from drill hole BK20-012 was dispatched from the Yellowknife, NT-based ALS Global preparation facility to the ALS Global analytical laboratories in North Vancouver, BC, for metallic screen fire assay. There, a one kilogram sample was passed through a 100 micron screen (Tyler 150 mesh). Any +100 micron material was retained and analysed completely by fire assay with a gravimetric finish (+ fraction result in Table 1). The -100 micron fraction was homogenized, and two sub-samples are analyzed by fire assay with AAS (atomic absorption spectroscopy) finish (Au-AA25 and Au-AA25D). The average of the two AAS results is reported as the Au (-) fraction in Table 1. All three values are then used to calculate the combined gold content of the (+) and (-) fractions (Au total in Table 1).
Property-scale Exploration
Sun Summit is planning a significant regional exploration program to rigorously investigate existing gold-silver targets and to define new targets across the 33,000-hectare land position. Central to this land package is an approximately 24 kilometre long, northwest-trending, fault-bound belt of Late Cretaceous Kasalka Group volcanic and volcaniclastic rocks, host to epithermal-related mineralization at Buck. Kasalka Group volcanic rocks also host bulk-tonnage epithermal-related mineralization at the Blackwater and Capoose Au-Ag development projects of Artemis Gold Inc. (Angen et al., 2018).
The Company is currently compiling all regional (e.g., geology, stream sediment and till geochemistry) and project-scale historic data (e.g., ground, and airborne geophysics, soil and rock geochemistry) to better define areas of interest in these prospective, yet under-explored rocks. Exploration plans for this summer will be released once budgets are set and targets are ranked and prioritized.
Community Engagement
Sun Summit is working to engage with First Nations whose territory includes the Buck Property, to discuss their interests and identify contract and work opportunities, as well as opportunities to support community initiatives. We look forward to continuing to work with local and regional First Nations as the project continues.
Buck Property
The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. 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.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals Corp. (formerly San Marco Resources Inc.) is a Canadian mineral exploration company actively pursuing world class gold and silver projects with a focus in mining friendly jurisdictions.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many formerly operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
References
Angen, J.J., Hart, C.J.R., Kim, R.S., and Rahimi, M. (2018): Geology and Mineral Potential of the TREK Area, Northern Interior Plateau, Central British Columbia, Parts of 1:250,000 NTS Sheets 093B, C, F and G; Geoscience BC Report 2018-12, MDRU Publication 411.175 p.
Additional Figure
Buck Drill Hole Locations
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- Published in Mining, News Home, San Marco Resources
Sun Summit Commences Drill Program at Buck; Identifies Visible Gold in Discovery Hole BK20-012
Sun Summit Minerals Inc. (TSXV: SMN) (OTC: SMREF) (“Sun Summit” or the “Company”) is pleased to announce that it has commenced a significant drill program at the Buck Property, central British Columbia. Sun Summit will complete over 5,000 metres of drilling focused on expanding zones of high-grade gold mineralization.
Highlights
- Sun Summit commences an aggressive follow-up drill program to target high-grade gold mineralization.
- Re-logging of the high-grade gold intercepts from discovery hole BK20-012 (17 metres of 5.86 grams per tonne (g/t) gold including 3 metres of 23.05 g/t gold, and 7.5 metres of 10.19 g/t gold; SMN news release dated January 5th, 2021) identified zones of fine visible gold associated with discrete epithermal-related quartz + sulfide veins.
- Select samples from hole BK20-012 are being analysed for metallic screen fire assay to better characterise the grade of the visible gold-bearing zones.
Figure 1. Photo of fine grained visible gold mineralization (BK20-012 @ 337.5 m; 1.5 metres of 49.60 g/t Au (see SMN news release dated January 5th, 2021).
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/73978_ee4681e2749f1a1f_001full.jpg
Bob Willis, Sun Summit’s CEO, states, “We are excited to commence this round of drilling at our Buck property. The identification of visible gold throughout our discovery hole is significant and confirms our assay data. Running these select samples, as well as samples from other mineralized zones, for metallic screen fire assay will further investigate the grade of these intercepts. This data will be compared to our fire assay data to better inform our sampling and analytical protocols going forward if visible gold is identified again.”
Drill Program
The current drill program (see SMN news released dated January 19th, 2021) has three primary objectives;
- target high-grade gold mineralization peripheral to discovery hole BK20-012,
- test chargeability anomalies interpreted to be associated with sulfide and potential gold mineralization, and
- investigate the strike-extent of sulfide-cemented, breccia-hosted, near or at surface, bulk-tonnage gold mineralization.
Drill crews are now onsite, and the drill is currently investigating the extent of high-grade gold mineralization identified in drill hole BK20-012.
Visible Gold
A detailed re-evaluation of key intercepts from BK20-012 revealed the presence of visible gold associated with quartz + pyrite + sphalerite veinlets (Figure 1). Select samples from the hole are being run at the ALS Global analytical facility in North Vancouver for metallic screen fire assay to better define the nature and grade of gold mineralization. The metallic screen method utilises a larger sample and a tailored preparation procedure to systematically capture native gold, if present. These methods yield a more robust analytical and statistical estimate of gold grade. Results from this metallic screen study will be compared to the traditional fire assay data to define a statistical based workflow for sampling and analyzing intervals with high-grade gold mineralization.
Buck Property
The recently expanded 33,000 hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. 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.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals Corp. (formerly San Marco Resources Inc.) is a Canadian mineral exploration company actively pursuing world class gold and silver projects with a focus in mining friendly jurisdictions.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many former and current operating mines.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
Link to Photo
- Published in Mining, San Marco Resources
Sun Summit Outlines Plans for Upcoming Drill Program at Buck: Identifies New Drill Targets
Sun Summit Minerals Inc. (TSXV: SMN) (OTC: SMREF) (“Sun Summit” or the “Company”) is pleased to announce the start of a significant drill program at the Buck Property, central British Columbia, in late January. Sun Summit plans to complete over 5,000 metres of drilling targeting high-grade gold mineralization.
Highlights
- Sun Summit will mobilize crews to commence an aggressive follow-up drill program to target high-grade gold mineralization near discovery hole BK20-012 (17 metres of 5.86 grams per tonne (g/t) gold including 3 metres of 23.05 g/t gold, and 7.5 metres of 10.19 g/t gold; SMN news release dated January 5th, 2021).
- Over 5,000 metres is planned for the first set of drill holes.
- A new property-scale exploration model defined by high-chargeability anomalies in relation to mineralized zones was used to identify numerous additional drill targets.
- Several holes are designed to test the gold mineralization potential of four newly identified chargeability anomalies.
Bob Willis, Sun Summit’s CEO, stated, “We are excited to commence another significant round of drilling at our Buck property. The primary objective for this drill program is to expand on high-grade gold zones discovered in our last phase of drilling. Our new 3D modelling of mineralized areas on the Buck property in relation to our 3D geophysical chargeability model is being used to spot new drill holes in areas we consider significant. Two untested chargeability anomalies are priority targets and will be a considerable focus. Over 5,000 metres of diamond drilling will be completed for initial planned holes, with additional drilling expected after initial drill hole assay results are received.”
Exploration Model
Based on new geological and structural mapping together with induced polarization (IP) geophysical data and downhole geochemical and lithological data, an updated and comprehensive exploration model for the property has been developed. Key to this model are data from the recently completed 3D IP survey (see SMN news release dated November 5th, 2020) and the location of chargeability anomalies in spatial relation to gold-bearing mineralized zones intersected in recent drilling (see SMN news release dated January 5th, 2021). High-chargeability anomalies are interpreted to represent zones of high-sulfide content, likely disseminated, as these minerals and textures may generate a strong IP-effect.
The 3D chargeability model is centered on a large >30 millisecond anomaly interpreted to have been faulted and offset by a series of north-south trending normal faults (Figure 1). From east to west the faults are known as Silica, Central and West faults. Due to widespread overburden on the western side of the property, the locations of these post-mineralization faults are also largely based on interpreted offsets of mineralised quartz-feldspar porphyritic dykes intersected in previous drill holes and on the spatial extent of multi-element soil geochemical anomalies (Figure 1).
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/72296_6835baa8b484e836_001full.jpg
The easternmost, near-surface, chargeability anomaly spatially correlates with gold-bearing sulfide-cemented breccias intersected in the top of numerous drill holes (e.g., BK20-06, 46 metres of 1.12 g/t gold equivalent (AuEQ) including 24.7 metres of 1.69 g/t AuEQ). This anomaly is offset on its western margin and down-dropped 100 metres by the Central fault where it measures approximately 400 by 230 by 180 metres. The high-grade intervals in discovery hole BK20-012 spatially correlate with the bottom of the untested C1 anomaly (Figure 2). The western extent of the C1 anomaly is interpreted to have been offset and down-dropped by the Western fault where an elongate 650 by 350 by 300 metre chargeability anomaly (C2) is observed with its top approximately 200 metres below surface. This significant >30 millisecond chargeability anomaly is untested and represents a priority target.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/72296_6835baa8b484e836_002full.jpg
Figure 2 shows an east-west cross section from the eastern Horseshoe zone to the western C2 anomaly, a distance of approximately 750 metres. Selected planned drill holes are plotted on the cross section as well as pierce-points of planned drill holes projecting into the cross section to highlight the focus of the upcoming drill program. These drill holes are designed to test the gold mineralization potential of the C1 and C2 anomalies. Numerous additional holes are planned to test the areas between the anomalies as well as the mineralization potential below the anomalies. Many holes bottomed in pervasively altered and locally mineralized volcanic rocks (e.g., BK20-012) suggesting the epithermal-related system is open at depth.
Additional untested chargeability anomalies are observed. Anomaly C3 is approximately 400 metres southwest of the Horseshoe Zone and anomaly C4 is approximately 900 metres northwest of the Horseshoe zone (Figure 1). Multiple drill holes are also planned to test these anomalies.
Drill Program
The upcoming drill program is designed with three primary objectives:
- Target high-grade gold mineralization peripheral to discovery hole BK20-012 (e.g., BK20-012, 17 metres of 5.86 g/t gold including 3 metres of 23.05 g/t gold, and 7.5 metres of 10.19 g/t gold (see SMN news release dated January 5th, 2021). Multiple drill holes are planned to investigate the extent of high-grade gold mineralization between the Trench and Horseshoe zones.
- Test chargeability anomalies interpreted to be associated with sulfide and potential gold mineralization. Multiple drill holes are designed to test the centres and margins of three significant chargeability anomalies (C1, C2, and C3) identified in a recent 3D IP survey.
- Investigate the strike extent of sulfide-cemented breccia-hosted mineralization (e.g., BK20- 006, 46 metres of 1.12 g/t AuEQ including 24.7 metres of 1.69 g/t AuEQ (see SMN news release dated January 5th, 2021). Multiple drill holes are planned to further test the near-surface, bulk-tonnage gold potential of the Horseshoe Zone.
Geological crews have been mobilised to the property to re-log key drill holes from Phase 2 drilling and to survey new drill pads in preparation for the arrival of drill crews later this month.
Induced Polarization Survey
The 2 by 2.5 kilometre IP survey was conducted by SJ Geophysics Ltd. in September and October 2020 using the Volterra-3D IP 5 line Acquisition System. The 20 line kilometre survey was conducted on 200 metre spaced north-south lines. Further technical details on the instrumentation and acquisition settings employed at Buck can be found at https://www.sjgeophysics.com/.
Buck Property
The recently expanded 33,000 hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. 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.
Some data disclosed in this news release (e.g., Figure 2) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data, and therefore, investors should not place undue reliance on such data.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals Corp. (formerly San Marco Resources Inc.) is a Canadian mineral exploration company actively pursuing world class gold and silver projects with a focus in mining friendly jurisdictions.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many former and current operating mines.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
Link to Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2021/01/Buck_Fig1_IP_Plan_Jan19_NR_v2-scaled.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2021/01/Buck_Fig2_IP_Section_Jan19_NR-scaled.jpg
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Sun Summit (formerly San Marco) completes 10 holes at Buck
Sun Summit Minerals Corp. (TSXV: SMN) (“Sun Summit” or the “Company”) announces the completion of 10 diamond drill holes at its 100% controlled Buck gold and silver property in north-central British Columbia.
Highlights
- Completion of 10 HQ diamond drill holes totalling 4,200 metres. All samples are in the lab and assays are pending.
- All holes tested the lateral and vertical extent of epithermal-related gold and silver mineralization associated with the Horseshoe Zone.
- Continuous zones of disseminated, vein-hosted, and breccia-hosted sulfide mineralization were observed in all drill holes.
- A 2 by 2.5 kilometre 3D Induced Polarization (IP) survey was completed over the known extent of the breccia complex as well as over areas considered prospective for mineralization below overburden.
Bob Willis, Sun Summit’s CEO, stated: “It is very encouraging to see the style and extent of mineralization identified in our drilling. We have tested only a small fraction of this breccia system and look forward to analyzing the results as soon as the assays are received and interpreted. The fact that we can drill year round gives our shareholders exposure to continued news flow throughout the winter.”
Drilling
Phase 2 drilling is focussed on testing the lateral and vertical extent of epithermal-related gold and silver mineralization associated with the Buck breccia complex (see SMN news release dated August 6, 2020). Current drill collars cover a footprint of approximately 550 by 250 metres and holes were drilled to a maximum depth of 500 metres (see Figure 1). New geological observations have been used to characterize multiple breccia-hosted mineralization styles comprised of sulfide cemented magmatic-hydrothermal breccias, mineralized clast-bearing volcanic breccias and hydrothermal breccias with cross cutting sulfide-bearing veins. Pervasive and selectively pervasive hydrothermal alteration comprised of silica + sericite ± carbonate ± clay is widespread and associated with locally strong sulfide mineralization. Most holes cut long intervals of varying proportions of disseminated, clotted and vein-hosted sphalerite, pyrite, marcasite ± chalcopyrite and galena. Based on results from Phase 1 drilling (see SMN news release dated May 12, 2020), these alteration and sulfide mineral assemblages are considered prospective for associated gold and silver mineralization.
Figure 1. Current Phase 2 Drill Hole Locations
To view an enhanced version of Figure 1, please visit:
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Induced Polarization Survey
The recently completed 3D IP survey has outlined new areas of strong chargeability response both laterally from and below the current drilling footprint. These new data together with the recently released soil geochemistry (see SMN news release dated September 28, 2020) suggests that additional targeting is warranted north of the Horseshoe Zone in the untested Bob North Zone. New coincident geophysical features (e.g., chargeability and resistivity) at >300 metres depth suggests that additional deeper drilling is also warranted to investigate the potential buried heat source related to widespread, near-surface mineralization.
Exploration Model
The Company is now awaiting assays from the recently completed 10 drill holes. These data will be compiled and modelled together with the new 3D IP geophysical data, ground magnetic geophysical data, soil geochemical data and surface and subsurface lithological and hydrothermal alteration data to build and refine a comprehensive exploration model. This new model will be used to guide additional drill hole targeting.
Metals Investment Forum
Sun Summit will be participating in the Virtual Metals Investment Forum (MIF) on Thursday, November 5, 2020. Hosted by newsletter writers, the forum showcases each writer’s Top Pick investment opportunities in exploration and mining.
To register for the upcoming virtual MIF conference, please visit the event’s website:
Global Mining Symposium
Sun Summit will be participating in the Global Mining Symposium on Thursday, November 12, 2020. The virtual mining and investment conference, presented by The Northern Miner, attracts experts from mining, exploration, and finance.
To register for the upcoming virtual Global Mining Symposium, please visit the event’s website:
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals Corp. (formerly San Marco Resources Inc.) is a Canadian mineral exploration company actively pursuing world class gold and silver projects with a focus in mining friendly jurisdictions.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many former and current operating mines.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
Link to Figure
Figure 1:
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
info@sunsummitminerals.com
Tel. 778-588-9606
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng., 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.
- Published in Mining, News Home, San Marco Resources