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Sun Summit Minerals Corp
Symbol SMN
Shares Issued 54,976,220
Close 2021-06-10 C$ 0.96
Recent Sedar Documents

Sun Summit drills 7.6 m of 6.35 g/t AuEq at Buck

2021-06-10 08:39 ET - News Release

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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