Vancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to announce that it has defined additional targets across the highly prospective Finn to Creek corridor, a significant gold-silver mineralized trend on the recently optioned, road accessible, JD Project in the Toodoggone gold-copper mining district in north-central British Columbia.
Highlights:
Multiple priority drill targets defined through extensive data review: An ongoing comprehensive review and compilation of property-wide historical geochemical data has resulted in the definition of multiple new target areas that warrant considerable follow-up work including drilling.
Zones of widespread high-grade gold-silver mineralization: Selected assay highlights* from historical rock samples in the Finn to Creek corridor include:
Schmitt Zone: 326 g/t Au with 1,535 g/t Ag (sample 18736) and 64.5 g/t Au with 6,151 g/t Ag (sample 18737)
Wolf Zone: 79.2 g/t Au with 30.5 g/t Ag (sample 26070) and 35.4 g/t Au with 44.8 g/t Ag (sample 1710255)
MVT Zone: 14.7 g/t Au with 809 g/t Ag (sample 18458) and 11.4 g/t Au with 35.2 g/t Ag (sample 1713456)
JD West: 14.8 g/t Au with 910 g/t Ag (sample 1710529) and 14.1 g/t Au with 1,601 g/t Ag (sample 18747)
Finn Zone: 47.0 g/t Au with 17.5 g/t Ag (sample VF-24) and 27.3 g/t Au with 61.4 g/t Ag (sample I552528)
Broad zones of gold-in-soil anomalism: Gold anomalies, with many samples greater than 1.0 g/t Au, are spatially associated with local zones of outcropping epithermal-related gold-silver mineralization. Many of these coincident anomalies have not been previously drill-tested and represent high-priority areas for future exploration programs.
2024 exploration program currently being finalised: Upcoming field work is anticipated to include geological mapping, soil and rock geochemical surveys, geophysical surveys, as well as significant drilling across multiple targets.
* Assay results are historical and have been compiled from sources believed to be accurate. Grab samples are selective in nature and the resulting assays may not be representative of all mineralization across the project.
"The primary goal of our data compilation effort is to generate walk-up, high-potential drill targets," stated Sharyn Alexander, Sun Summit's President. "Ongoing review of historical data, much of which has never been digital, outlines the presence of outcropping zones of high-grade mineralization from rock samples spatially associated with broad and widespread gold-in-soil anomalies. This coincident relationship provides us confidence to prioritize many of the numerous untested anomalies across the project area, specifically along the Finn to Creek corridor, a highly prospective area of largely untested ground. The fact many of these anomalies are defined by soils samples greater than 1.0 g/t gold strongly supports the high-prospectivity of the targets. Further details of the upcoming field program at JD will be announced as the data compilation efforts come to a close."
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The JD Project comprises over 15,000 hectares of contiguous mineral claims in the prolific Toodoggone gold-copper mining district in north-central British Columbia (Figure 1). The project is host to high-grade, epithermal-related, gold-silver systems and porphyry-related copper-gold systems and lies just north of the Kemess Cu-Au mining camp.
Figure 2. Compiled historical geochemical data from the Finn to Creek gold-silver corridor
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* Compiled historical soil geochemical data has been gridded and contoured. Sample locations are also shown, highlighting only results greater than 1.0 g/t Au.
** Gold assay results from over 540 historical rock samples (grabs from outcrop and float) are shown on the map with select results ranging from 10.6 g/t Au to 326 g/t Au. Grab samples are selective in nature and the resulting assays may not be representative of all mineralization across the project.
Target Generation
The recent review of surface geochemistry builds on the historical drill data compiled from the Finn and Creek zones (see February 1, 2024 and February 12, 2024 news releases) that anchor each end of the expanded 4.5 km long Finn to Creek gold-silver corridor, host to numerous epithermal-related vein and breccia systems. Priority targets along this corridor, based on surface geochemistry, are as follows.
Table 1. Selected grab/float (rock) sample highlights from historical exploration programs across the JD project
Zone | Sample ID | Au (g/t) | Ag (g/t) | UTM_E | UTM_N | Sample |
Wolf | 26070 | 79.2 | 30.5 | 609835 | 6368001 | grab |
Wolf | 1710255 | 35.4 | 44.8 | 609796 | 6367993 | grab |
Wolf | 1710555 | 27.3 | 43.0 | 609829 | 6367999 | grab |
Wolf | 26068 | 16.1 | 39.0 | 609835 | 6367966 | grab |
Wolf | 26069 | 10.8 | 33.5 | 609835 | 6368001 | grab |
Tarn | 407057 | 25.6 | n/a | 610340 | 6366418 | grab |
Tarn | 26821 | 10.6 | 54.4 | 610127 | 6366704 | grab |
Schmitt | 18736 | 326 | 1535 | 610121 | 6368042 | float |
Schmitt | 18737 | 64.5 | 6151 | 610110 | 6368029 | float |
Schmitt | 18739 | 49.4 | 1391 | 610111 | 6368060 | float |
Schmitt | 18740 | 41.1 | 1297 | 610071 | 6368042 | float |
Schmitt | 18738 | 40.8 | 3001 | 610095 | 6368046 | float |
Schmitt | 1710256 | 18.9 | 300 | 610131 | 6367979 | float |
Schmitt | 18734 | 12.7 | 19.9 | 610046 | 6368251 | float |
MVT | 18458 | 14.7 | 809 | 610336 | 6367556 | grab |
MVT | 1713465 | 11.4 | 35.2 | 610724 | 6367434 | grab |
JD West | 1710529 | 14.8 | 910 | 610407 | 6367910 | grab |
JD West | 18747 | 14.1 | 1601 | 610383 | 6367863 | grab |
Finn | VF-24 | 47.0 | 17.5 | 611146 | 6367358 | grab |
Finn | I552528 | 27.3 | 61.4 | 611334 | 6367621 | grab |
Finn | VF-28 | 18.0 | 11.8 | 611013 | 6367468 | grab |
Finn | VF-25 | 17.0 | 9.1 | 611109 | 6367385 | grab |
Finn | VF-02 | 16.5 | 13.3 | 611138 | 6367359 | grab |
Buff | 26818 | 17.7 | 47.4 | 611049 | 6368377 | grab |
* Data sources are referenced below.
** Gold assay have been compiled from over 540 historical results from rock samples (grabs from outcrop and float) in the Finn to Creek corridor, with select results from 10.6 g/t Au to 326 g/t Au. Grab samples are selective in nature and the resulting assays may not be representative of all mineralization across the project.
* Note drill intervals are downhole core lengths. True widths are unknown.
These targets, together with targets defined through historical drill data review at the Finn and Creek zones (see February 1, 2024 and February 12, 2024 news release), will form the framework for target prioritization for the upcoming 2024 exploration program, set to commence in early summer. Ongoing data compilation is now focused on merging and re-processing existing airborne and ground geophysical datasets. Details of the upcoming exploration program will be released once compilation efforts are completed and budgets are finalized.
National Instrument 43-101 Disclosure
This news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able to verify the historical exploration data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data is historical and the original drill core is not readily available. Technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.
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 with ongoing exploration.
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and Ranch projects, TDG Gold's Baker-Shasta projects, Centerra's Gold's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.
Further details are available at www.sunsummitminerals.com.
References
McBride, S. (2013), 2012 Geological, geochemical and diamond drilling report on the JD Property, Assessment Report Indexing System, Report 33556, https://apps.nrs.gov.bc.ca/pub/aris.
McBride, S. and Leslie, C. (2014), 2013 Geological, geophysical and diamond drilling report on the JD Property, Assessment Report Indexing System, Report 34762, https://apps.nrs.gov.bc.ca/pub/aris.
Morrice, M.G. (1984), 1983 Final Report on the JD Claims Situated Near Moosehorn Creek in the Omineca Mining Division, Project 04, Kidd Creek Mines Ltd., Internal Report.
Peatfield, G.R. and Schmitt, H.R. (1981), Final Report, 1980 Geological and Geochemical Surveys JD Claims, Omineca Mining Division, B.C., Texasgulf Canada Ltd., Internal Report.
Sutherland, I.G. (1981), Report on Geological and Geochemical Surveys on the JD-81 and Moose-81 Groups Situated at McClair Creek in the Omineca Mining Divisions, Assessment Report Indexing System, Report 9833, https://apps.nrs.gov.bc.ca/pub/aris.
Sutherland, I.G. (1983), 1982 Final Report on the JD Property, Project 04, Kidd Creek Mines Ltd., Internal Report.
Link to Figures
On behalf of the board of directors
Brian Lock
For further information, contact:
Sharyn Alexander
President
[email protected]
Matthew Benedetto
Simone Capital
[email protected]
Tel. 416-817-1226
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. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, 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. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. 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. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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