Two big achievements for Sun Metals in December

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

In his first Discovery Watch interview of 2019, John Kaiser of Kaiser Research Online suggests that Golden Triangle driller Sun Metals (Sunny; SUNM) achieved two important accomplishments last month. Leading up to December of last year, Mr. Kaiser believes the company demonstrated via recent exploration activities that its Stardust project likely has a new dimension of higher-grade mineralization than the already outlined Canyon Creek resource. 

The big excitement last fall occurred when the company intersected in a single hole two substantial intervals of high copper-gold-silver-zinc grades in the $300 to $500 per tonne value range. But, and it's a big but, the associated geometry of this mineralization is not yet understood explains Mr. Kaiser:

They have gone through what that they think is a fault, they are in deeper than they've been before. There is lots of limestone there, so there is lots of potential running room. But, did they manage to drill some tabular zone on the end and get 50, 60 metres of very high-grade mineralization and when you step away from it you get nothing? We do not yet know that.

Mr. Kaiser reports that the company hopes to answer the question this year with a special type of precision drilling.

Stardust project hole 421 drilled last fall (click for larger)

Setting the stage for the New Year were two important developments in December. First, to gain 100% ownership of the project Sun Metals cut a deal with option writer Lorraine Copper (LLC) which fixes the number of shares to be issued to Lorraine (32,029,315 shares according to a December 18th press release). Secondly, Sum Metals did a $5.16 million flow through financing which ended up with Teck Resources (Sunny; TECK) as the end acquirer of the associated 12.5 million shares.

Mr. Kaiser believes this is a significant endorsement, especially given the concern that maybe Sun Metals simply scored a lucky hit with hole 421 and that there is not much else there. However, Mr. Kaiser goes on to muse:

The context of this Stardust play suggests that this a very big system that has had a lot of fluid flow in it

It should add up to an exciting year of drilling on the project, according to Kaiser who is following the stock as one his favourites going into the New Year.

In the broadcast, Mr. Kaiser also reviews recent news from Scandium International Mining (SCY) and Wolfden Resources (WLF). For the full interview, click here.

INK Edge outlook ranking categories (Sunny, Mostly Sunny, Mixed, Cloudy, Rainy) are designed to identify groups of stocks that have the potential to out- or under-perform the market. However, any individual stock could surprise on the up or downside. As such, outlook categories are not meant to be stock-specific recommendations. For background on our INK Edge outlook, please visit our FAQ #5 at Disclosure: one or more INK Research employees holds SUNM and LLC.

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).