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Assay results continue to demonstrate strong expansion potential for both disseminated and high-grade gold, silver, and zinc mineralization along the northwestern and northeastern extents of the Buck Main zone.
Highlights: Significant mineralization confirms strong grade continuity: Results from the four remaining drill holes show continuity of near-surface gold, silver, and zinc mineralization in areas where previous drilling is sparse: Hole BK23-095 returned 0.44 g/t gold equivalent (AuEq) over 40.5 metres from 15.0 metres depth, and 0.79 g/t AuEq over 41.5 metres from 173.5 metres depth, including 1.45 g/t AuEq over 15.0 metres; Hole BK23-096 returned 0.78 g/t AuEq over 16.0 metres from a depth of 107 metres, including 5.84 g/t AuEq over 1.5 metres and 0.84 g/t AuEq over 39.0 metres from a depth of 133.8 metres, including 1.89 g/t AuEq over 12.3 metres; Hole BK23-097 bottomed in mineralization, intersecting 0.5 g/t AuEq over 1.0 metre to the end of the hole; Hole BK23-098 bottomed in 0.76 g/t AuEq over 22.5 metres, suggesting disseminated mineralization increases at untested depths to the northeast.
Mineral Resource Estimate to be completed on
Gold Equivalent (AuEq) calculations use 3-year trailing metal prices current to end of
'The final set of assay results from the recent drilling at Buck Main continue to demonstrate the strong continuity of mineralization across this large mineralized system and the expansion opportunities that remain to be drilled.' stated
Drill Program Details
The recently completed drill program at the Buck Main target consisted of 3,738 metres over 13 diamond drill holes aimed at testing the lateral and vertical extents of near-surface gold-silver-zinc mineralization, particularly on potential high-grade zones and the limits of mineralization to the north, east, and west. The current known mineralized footprint at Buck Main demonstrates strong near-surface grade continuity and currently measures over 1.1 kilometres in strike length and 700 metres in width.
The first two drill holes from the 2023 drill program indicated that significant mineralization extended laterally to the east and at depth. Highlights included 185.9 metres of 0.66 g/t AuEq, and 20.1 metres of 0.98 g/t AuEq (BK23-087). Seven additional holes confirmed that significant gold, silver, and zinc mineralization extended laterally beyond limits of previous drilling and defined strong depth potential (see
Holes BK23-095, BK23-096, and BK23-097 were drilled to target the northwestern extent of disseminated mineralization. Hole BK23-095 was designed as a deep test of vertical continuity of disseminated gold, silver, and zinc mineralization to the west and an interpreted fault believed host high-grade veining or hydrothermal breccia observed in neighboring holes. Highlights from this hole include 0.44 g/t AuEq over 40.5 metres from near-surface at 15.0 metres depth, and 0.79 g/t AuEq over 41.5 metres from 173.5 metres depth, including 1.45 g/t AuEq over 15.0 metres.
Hole BK23-096 was designed to target an extension of higher grade disseminated mineralization to the west and the intersection of a projected shallow fault. Highlights include 0.84 g/t AuEq over 15.3 metres from a depth of 80 metres; 0.78 g/t AuEq over 16.0 metres from a depth of 107 metres, including 5.84 g/t AuEq over 1.5 metres and 0.84 g/t AuEq over 39.0 metres from a depth of 133.8 metres, including 1.89 g/t AuEq over 12.3 metres.
Hole BK23-097 was designed as a step out test of higher grade disseminated mineralization to the west of previously drilled holes. Intercepts include 0.52 g/t AuEq over 9.8 metres, with the hole bottoming in 0.50 g/t AuEq (including 28.4 g/t silver) over 1.0 metre, suggesting mineralization increases and improves at untested depths to the northwest.
Correction to News Release
The Company also announces a correction to its news release issued
Subject to Exchange approval, Sun Summit intends to pay a finder's fee to Dr.
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
Core samples were analyzed for 33 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30-gram aliquot with an AAS finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30-gram aliquot. Samples with >100 ppm silver were re-analyzed using an ore-grade, four-acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using an ore-grade, four-acid digestion and ICP-AES finish. In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements a rigorous internal QA / QC program that includes the insertion of duplicates, standards and blanks into the sample stream.
Community Engagement
Sun Summit is engaging with First Nations on whose territory our projects are 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 project work continues.
About the
The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of
Exploration at the
About Sun Summit
Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.
Contact:
Email: info@sunsummitminerals.com
Tel. 416-817-1226
Email: mbenedetto@simonecapital.ca
Forward Looking Information
Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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