Mr. Bob Willis reports
SUN SUMMIT CONTINUES TO INTERSECT MULTIPLE ZONES OF HIGH-GRADE AND BULK TONNAGE-STYLE GOLD MINERALIZATION AT BUCK PROPERTY, CENTRAL BC
Sun Summit Minerals Corp. has provided additional results from its fully financed 2021 exploration program on its Buck property, central British Columbia.
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.
- BK21-026: broad zones of bulk-tonnage-style gold mineralization with local high-grade gold intercepts:
- 33.67 g/t AuEq over 1.0 metre 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 metre 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.
Horseshoe zone
- BK21-032: multiple broad zones of over 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.
Note: Intervals are downhole core lengths. True widths are unknown. AuEq based on a 65:1 silver to gold ratio.
Sun Summit has drilled 18 holes in 2021. Results from the first five holes were released on May 11, 2021. Results from six additional holes are reported in this news release (see "Assay results -- Trench zone" and "Assay results -- Horseshoe zone" tables). Results from seven holes from the Horseshoe and Trench zones and peripheral areas remain pending.
Bob Willis, Sun Summit's chief executive officer, 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 over 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; see "Assay results -- Trench zone" table) were designed to investigate the extent of multiple zones of high-grade gold mineralization discovered in BK20-012 (see news release dated Jan. 5, 2021) and confirmed in BK20-020 (see news release dated May 11, 2021). Results from the Trench zone are reported in the "Assay results -- Trench zone" table.
ASSAY RESULTS -- TRENCH ZONE
From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEq (g/t)
BK21-021 45.0 51.0 6.0 0.86 5.76 0.95
and 88.0 106.0 18.0 0.56 4.56 0.63
and 144.0 159.0 15.0 0.28 7.55 0.40
and 167.9 186.0 18.1 0.39 2.18 0.42
and 197.0 201.0 4.0 0.62 3.56 0.67
and 222.8 230.0 7.3 0.23 3.16 0.27
and 265.0 271.0 6.0 0.39 5.47 0.48
and 293.0 299.0 6.0 0.19 1.50 0.21
and 383.0 385.0 2.0 1.06 2.46 1.09
BK21-022 Previously reported
BK21-023 41.5 65.0 23.5 0.23 2.99 0.28
and 112.1 134.1 22.0 0.69 2.77 0.73
incl. 132.5 133.1 0.7 14.25 16.80 14.51
and 140.0 170.5 30.5 0.21 1.00 0.23
and 229.0 288.0 59.0 0.56 5.39 0.64
incl. 259.0 278.2 19.2 0.91 7.01 1.01
incl. 274.8 278.2 3.4 3.39 13.96 3.61
and 437.0 448.0 11.0 2.08 13.22 2.29
incl. 444.0 445.0 1.0 14.55 54.20 15.38
BK21-024 45.0 62.0 17.0 2.79 11.86 2.97
incl. 47.0 54.6 7.6 5.99 23.24 6.35
incl. 47.0 48.4 1.4 19.35 23.30 19.71
incl. 53.2 54.6 1.4 12.65 88.70 14.01
and 74.0 95.0 21.0 0.23 2.91 0.27
and 130.0 133.2 3.2 0.28 5.55 0.37
and 146.0 169.7 23.7 0.31 2.08 0.35
and 193.4 198.8 5.4 0.29 1.84 0.31
and 205.0 213.0 8.0 0.33 4.47 0.40
and 239.0 246.3 7.3 0.36 5.01 0.44
and 252.6 260.0 7.4 5.78 4.16 5.84
incl. 259.0 260.0 1.0 41.90 9.53 42.05
and 266.0 275.4 9.4 0.23 3.96 0.29
and 295.4 300.4 5.0 0.82 1.97 0.85
and 308.0 315.0 7.0 0.49 3.10 0.54
and 352.8 361.8 9.0 1.99 1.14 2.01
incl. 352.8 353.8 1.0 16.85 1.26 16.87
BK21-025 24.5 28.0 3.5 0.80 2.07 0.83
and 123.0 162.0 39.0 0.58 3.42 0.64
incl. 133.0 143.0 10.0 0.87 4.07 0.94
incl. 155.0 156.0 1.0 8.96 21.00 9.28
and 187.0 195.0 8.0 0.45 2.46 0.49
and 216.0 224.5 8.4 0.47 7.63 0.59
and 230.0 247.0 17.0 0.18 1.79 0.21
and 251.0 268.1 17.1 0.22 3.07 0.27
and 283.0 286.0 3.0 0.57 16.66 0.82
and 323.0 331.0 8.0 0.22 2.38 0.25
and 344.0 350.0 6.0 0.22 1.35 0.24
and 374.0 436.0 62.0 0.67 11.76 0.85
incl. 402.0 434.2 32.2 0.84 15.18 1.07
incl. 415.1 434.2 19.2 1.05 16.46 1.31
incl. 429.3 430.0 0.8 10.75 209.00 13.97
and 451.0 452.1 1.1 3.94 21.10 4.26
and 458.0 460.5 2.5 1.90 8.40 2.03
BK21-026 3.0 12.0 9.0 0.29 8.17 0.42
and 33.0 36.0 3.0 0.33 5.07 0.40
and 105.0 110.0 5.0 0.30 3.80 0.36
and 115.6 148.4 32.8 0.56 8.27 0.69
incl. 118.6 141.4 22.8 0.70 10.80 0.87
and 170.0 214.1 44.1 1.14 2.87 1.18
incl. 174.0 178.0 4.0 8.54 6.51 8.64
incl. 175.0 176.0 1.0 33.40 17.35 33.67
incl. 213.5 214.1 0.6 9.76 9.33 9.90
and 233.0 239.0 6.0 0.26 2.04 0.29
and 278.4 289.1 10.7 0.32 3.61 0.37
and 296.0 314.0 18.0 0.18 1.65 0.20
BK21-027 Assays pending
BK21-028 Assays pending
BK21-029 Assays pending
BK21-030 Assays pending
1. AuEq (gold equivalent) is based on a 65:1 silver to gold (Ag:Au) ratio.
2. Calculations are uncut and length weighted using a 0.15 g/t gold cut-off with less
than five continuous metres of internal dilution.
3. Intervals are down hole 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. The deepest high-grade interval at 352.8 metres down hole 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 Jan. 5, 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 (see "Assay results -- Trench zone" table).
Similarly, BK21-023 intersected numerous broad intervals of bulk-tonnage-style mineralization (such as 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. 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 metre 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. Assays are pending from four remaining holes in the Trench zone.
Horseshoe zone
The Horseshoe zone hole (BK21-032; see "Assay results -- Horseshoe zone" table) was designed to test the lateral-extent of bulk-tonnage, sulphide-cemented breccia-hosted gold mineralization intersected in BK21-017 (see news release dated May 11, 2021).
ASSAY RESULTS -- HORSESHOE ZONE
From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEq (g/t)
BK21-031 Assays pending
BK21-032 56.0 60.5 4.5 0.48 9.53 0.62
and 89.0 143.0 54.0 1.02 10.80 1.19
incl. 94.7 107.0 12.3 2.53 29.38 2.99
incl. 100.0 103.0 3.0 6.85 81.95 8.11
and 192.0 251.1 59.1 0.93 1.85 0.95
incl. 192.0 223.0 31.0 1.43 2.58 1.46
incl. 199.0 200.0 1.0 9.57 4.20 9.63
and 257.0 276.0 19.0 0.57 1.35 0.59
and 346.0 348.0 2.0 0.31 2.78 0.35
1. AuEq (gold equivalent) is based on a 65:1 silver to gold (Ag:Au) ratio.
2. Calculations are uncut and length weighted using a 0.15 g/t gold cut-off with less than five
continuous metres of internal dilution.
3. 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 sulphide-cemented breccias; 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 plus pyrite. The upper interval also contained 1.17 per cent zinc over the 54.0 metres. Hole BK21-032 builds on results from 2020 (such as BK20-006, 007, 009 and top of 012) and the recently reported BK21-017 and BK21-018 and expands the zone of sphalerite-rich sulphide-cemented breccias laterally at depth. Assays are pending from one remaining hole in the Horseshoe zone.
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, NWT. 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). Overlimit gold (over 10 parts per million) was reanalyzed by fire assay using a gravimetric finish on a 30-gram sample. Overlimit silver (over 100 ppm) was reanalyzed using a four-acid digestion and ICP-AES finish. Overlimit zinc (over 10,000 ppm) was reanalyzed 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 quality assurance/quality control 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 chief executive officer, Robert D. Willis, PEng, 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, B.C., has excellent nearby infrastructure and allows for year-round road-accessible exploration.
About Sun Summit Minerals Corp.
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-financed 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.
We seek Safe Harbor.
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