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Sun Summit Minerals Corp
Symbol SMN
Shares Issued 51,231,024
Close 2021-02-08 C$ 0.45
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Sun Summit begins drilling Buck property

2021-02-09 08:15 ET - News Release

Mr. Bob Willis reports

SUN SUMMIT COMMENCES DRILL PROGRAM AT BUCK; IDENTIFIES VISIBLE GOLD IN DISCOVERY HOLE BK20-012

Sun Summit Minerals Inc. 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;
  • Relogging of the high-grade gold intercepts from discovery hole BK20-012 (17 metres of 5.86 grams per tonne (g/t) gold including three metres of 23.05 g/t gold and 7.5 metres of 10.19 g/t gold; see news release dated Jan. 5, 2021) identified zones of fine visible gold associated with discrete epithermal-related quartz and sulphide veins.
  • Select samples from hole BK20-012 are being analyzed for metallic screen fire assay to better characterize the grade of the visible gold-bearing zones.

Bob Willis, Sun Summit's chief executive officer, 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 news release dated Jan. 19, 2021) has three primary objectives:

  1. Target high-grade gold mineralization peripheral to discovery hole BK20-012;
  2. Test chargeability anomalies interpreted to be associated with sulphide and potential gold mineralization;
  3. Investigate the strike extent of sulphide-cemented, breccia-hosted, near or at surface, bulk-tonnage gold mineralization.

Drill crews are now on site 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 plus pyrite plus sphalerite veinlets. 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 utilizes 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 with the traditional fire assay data to define a statistical based work flow 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, B.C., 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 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.

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 Minerals Corp.

Sun Summit Minerals (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.

We seek Safe Harbor.

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