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Sun Summit Defines Multiple Untested Exploration Targets and Expands Field Program at Buck Project as Drilling Continues

By 2022


Vancouver, B.C. September 22nd, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report that the ongoing property-wide field exploration program has been expanded with the goal to delineate additional drill targets at the 33,000 hectare Buck Project, central British Columbia.  Ongoing work has increased the number of targets, but several targets remain open and require additional work to fully define and prioritize.

Highlights

  • Numerous multi-element soil anomalies provide potential new drill targets: Broad multi-element soil anomalies identified at the IRK, Eagle Eye, Tower, Cabin and Buck West targets are considered prospective for Buck-style gold-silver-zinc mineralization. An expanded field program will focus on infill and step-out soil sampling at these targets.
  • Geochemical targets are coincident with geophysical anomalies: Most multi-element soil anomalies are coincident with previously defined high-priority geophysical anomalies.
  • Induced Polarization (IP) geophysical survey is commencing: Over 20-line kilometres of grid-based IP geophysics aimed at improving drillhole targeting will focus on the IRK and Eagle Eye zones.
  • Assays pending for exploration samples: Over 50 rock chip samples collected from outcrops at many targets have been submitted to the lab for assay and multi-element geochemistry.
  • Ongoing drilling at Buck Main: Current drilling is initially focused on targeting possible western extensions of near-surface gold-silver-zinc mineralization at Buck Main. Additional targets peripheral to Buck Main may also be tested as the program continues.
  • Significant discovery potential across the project: Results of the ongoing geochemical and geophysical exploration program will help identify and delineate additional high-priority drill targets in under-explored areas of the Buck Project.

Sharyn Alexander, President of Sun Summit, stated, “We have now defined numerous high-priority exploration targets across the 33,000 hectare Buck Project with many targets featuring geochemical and geophysical signatures similar to the Buck Main zone. Ongoing drilling is currently focused on expanding the mineralized footprint of Buck Main. In addition, our continuing property-wide exploration is focused on generating new drill targets and making additional discoveries elsewhere on the property. Once ranking of new target areas is complete, we intend to drill test the most promising. We have always believed the Buck Project could host multiple mineralized zones beneath its nearly ubiquitous overburden cover. We’re rapidly advancing targeting to be able to test that hypothesis.”

Figure 1. Multi-Element Geochemical Targets (Arsenic, Zinc) at the Buck Project

 

Multi-Element Anomalies

Results of soil geochemistry from samples previously collected across the property, as well as real-time results from a portable X-Ray fluorescence (pXRF) spectrometer of current soil samples (see news release dated August 31, 2022), have been compiled (Figure 1). Soil samples are being analyzed for gold and silver at the lab (assays pending), as the pXRF analyser does not suitably test the concentration of these precious metals.

Disseminated gold mineralization at Buck Main is associated with sphalerite (zinc) and locally arsenopyrite (arsenic), therefore a geochemical association between gold and zinc-arsenic is observed. These elements are considered geochemical pathfinders for Buck-style gold mineralization. A high zinc-arsenic-in-soil anomaly is coincident with the footprint of the mineralization at Buck Main (Figure 1).

The footprint of the high zinc and arsenic soil geochemical anomaly at the IRK target (see news release dated August 31, 2022) has been expanded and now covers a 16 km2 area (Figure 1). A grid-based IP survey is commencing with the primary aim of investigating the lateral and vertical extent of potential zones of sulfide-related mineralization. The IP geophysical survey at the IRK target will be completed on northeast oriented lines spaced 200 metres apart.

The Eagle Eye target consists of a high-resistivity anomaly from a versatile time domain electromagnetic (VTEM) geophysical survey (see news release dated August 11, 2022), locally coincident with high-chargeability anomaly defined by a historic IP geophysical survey (Lloyd, 2004). The Eagle Eye target also consists of anomalous zinc and arsenic geochemistry that increases to the east where previous IP coverage is lacking. Multiple east-west oriented IP lines are planned to cover the extent of the resistivity-high and to verify and expand historic chargeability anomaly.

Additional multi-element anomalies were also defined. The Cabin anomaly requires additional sampling to define the extent of the northwest trending high-arsenic zinc signature (Figure 1). The field crew is currently focused on infill soil sample lines at Cabin. The Tower anomaly, located between IRK and Eagle Eye, also requires tighter-spaced infill samples to fully evaluate the size and shape of the high-zinc arsenic anomaly.

Quality Control / Quality Assurance

Once completely dry, approximately 30 grams of semi-homogenised soil material were removed from the kraft sample bag and placed in a paper filter and labelled with the sample ID. The sample was placed in a portable Reflex XRF workstation, analysed using an Olympus Vanta VMR portable XRF through the filter and operated with the Reflex XRF software. The samples were analysed in Geochem40 mode for 60 seconds utilizing 10-15 kV and 40 kV beam element filters at 30 seconds each. Two certified standards (OREAS 25a and OREAS 131b), as well as quartz blank material, were analyzed at the beginning of each analytical session as well as systematically throughout the session at a frequency of every 10 to 20 analyses. Concentrations of copper, zinc and arsenic were primarily monitored and overall performed well.

Qualified Person

Robert D. Willis, P. Eng., Senior Advisor to Sun Summit, is a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has reviewed and approved the scientific and technical disclosure contained in this news release.

Reference

Lloyd, J., 2004, A geophysical report on an induced polarization survey on the Buck Property, Omineca Mining Division, near Houston, British Columbia, Assessment Report 27458, Assessment Report Indexing System, www.aris.empr.gov.bc.ca, 45 p.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is 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 the project continues.

 About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/09/Fig1_Buck_Anomalies_Sept_NR_final.jpg

For further information, contact:

Sharyn Alexander
President

 info@sunsummitminerals.com

Tel. 778-588-9606

 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

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Sun Summit Commences Expansion Drill Program at Buck Project Testing Multiple Near-surface Targets

By 2022

Vancouver, B.C. September 8th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that it has commenced drilling at the 33,000 hectare Buck Project, central British Columbia, where the Company has an option to acquire a 100% interest.

Highlights

  • Expand footprint of near-surface bulk tonnage-style mineralization: Drilling will comprise step-out holes along strike from known, near-surface gold-silver-zinc mineralization.
  • Initial 5,000 metre program: The drill program will include over 5,000 metres with the potential to expand based on initial results and preliminary review of property-wide exploration results, which could delineate high-priority targets elsewhere on the property.
  • Ongoing exploration: The Company is continuing with exploration on the Buck project (see news release dated August 31, 2022) while drilling progresses. An Induced Polarization (IP) geophysical survey and further soil geochemical surveys will be conducted at the IRK zone, Eagle Eye zone, and other prospective targets within the project.

“This is a very exciting drilling campaign at the Buck Project where we’ll be testing the potential lateral extension of mineralization proximal to Buck Main, as well as testing other distinct prospective targets for possible new discoveries”, stated Sharyn Alexander, Sun Summit’s President. “The mineralization at Buck Main remains open for potential expansion, both laterally and at depth, while additional underexplored zones of near-surface disseminated gold-silver-zinc mineralization provide potential for new discoveries to augment and expand the overall size and scale of the 33,000 hectare Buck Project.”

Drill Program

The primary objective of the over 5,000 metre planned drill program is to investigate the strike extent and the limits of near-surface gold-silver-zinc mineralization. Epithermal-related alteration and mineralization has been intersected in drill holes covering a strike length of over a 1 kilometre (Figure 1) and the recent discovery of strong gold-silver-zinc mineralization to the west of previous drilling (e.g., 1.09 g/t gold equivalent (AuEq) over 73.5 metres including 2.20 g/t AuEq over 10.3 metres; BK22-070, see news release dated May 3, 2022) opens the exploration potential significantly to the west where it remains open. Based on updated 3D geological modelling, drilling will first target the extension of these mineralized zones (Figure 1). Additional targets to the north and east of Buck Main may also be tested.

The current drill program is following up on several successful drill campaigns at Buck Main totalling 75 diamond drill holes for over 27,000 metres.

Figure 1. Map showing drill target areas at Buck Main

Exploration Update

A total of 1,674 soil samples, 30 silt samples, and 52 rock (grab) samples were collected at the Buck project in 2022. Soils samples were taken along 400 metre by 100 metre spaced survey grids, as well as from infill grids at the IRK and Eagle Eye targets guided by real-time results from a portable X-Ray fluorescence (pXRF) spectrometer (see news release dated August 31, 2022). Samples are being sent to the lab for additional geochemical analysis.

An IP geophysical survey has been planned over both the IRK and Eagle Eye targets to investigate potential zones of strong sulfide-related mineralization (see news release dated August 31, 2022). Survey lines were planned based on new geological mapping and initial pXRF-based geochemical results from soil samples collected at each target area. The ground-based geophysical survey will commence shortly.

SmallCap Communications Inc.

The Company also announces it has retained SmallCap Communications Inc. of Vancouver, B.C. to provide social media management and communication services for a one year period commencing July 12, 2022. SmallCap will be paid a fee of $4,000 per month (to be paid from the Company’s working capital) for its services during an initial trial period of three months, following which the fee increases to $4,500 per month for the remaining nine months for a total of $52,500. After the expiry of the initial one year term, SmallCap’s retainer will continue on a month-to-month basis.

SmallCap is a specialized digital marketing and social media management agency providing services to boost public companies’ investor awareness and engagement. SmallCap was founded in January 2013, and is owned, by Rebecca Kerswell. SmallCap utilizes her proprietary methods that allow companies to reach and network with their investors through the top social media networks: Facebook, Twitter, LinkedIn, Instagram, and Telegram.

Ms. Kerswell has a BBA from Camosun College in Victoria, B.C. and is arm’s length to Sun Summit. The Company understands that neither Ms. Kerswell nor SmallCap currently holds any Sun Summit shares.

The Company has granted SmallCap a stock option to purchase 50,000 shares at $0.25 per share until the earlier of September 7, 2024 and the termination of SmallCap’s retainer.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and, therefore, investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby, or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is 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 the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/09/Buck_Drilling_Overview_Sept_NR.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit Provides Exploration Update from the Buck Project; Focused on Drill Target Definition In Two High-priority Areas

By 2022

Vancouver, B.C. August 31st, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide a further update on its ongoing exploration activities at the 33,000 hectare Buck Project, central British Columbia, where the Company has an option to acquire a 100% interest.

Highlights

  • Ongoing exploration: Geochemical sampling (rocks, silts, and soils) and geological mapping at the highly prospective IRK and Eagle Eye targets is ongoing.
  • Real-time data collection: A portable X-Ray fluorescence spectrometer (pXRF) is being used in the field to measure pathfinder elemental concentrations in soil samples. This method allows for the immediate initiation of grid expansions and/or infill samples, if required. Select samples will also be sent to the lab for geochemical analysis.
  • Upcoming IP survey: An induced polarization (IP) geophysical survey is currently being planned to cover the IRK target. The survey is anticipated to commence shortly to investigate the lateral and vertical extent of potential zones of strong sulfide-related mineralization.
  • Drilling to commence shortly: Final drill planning at Buck Main is ongoing and drilling is set to commence this September. The program is anticipated to comprise step-out holes peripheral to areas of strong gold-silver-zinc mineralization as well as exploratory holes in newly defined target areas.
  • Identification of additional drill targets: Current exploration efforts across the IRK and Eagle Eye prospects may generate immediate drill targets.

Sharyn Alexander, Sun Summit’s President, stated “We are very encouraged with what we’re seeing in the field at IRK and Eagle Eye and look forward to the continuation of these programs.  The reanalysis of multiple existing and historic datasets have allowed us to better understand the geometry of the broad anomalies in these areas where there is very little outcrop, and moves us towards potential delineation of drill targets. In addition, the use of the pXRF instrument allows for important real-time data collection to optimize the efficiency of this field work by delineating geochemical anomalies and adjusting survey grid extensions.

“Drilling will begin at the Buck Main zone in September and will include step-out holes along strike from known mineralization, with a focus on near-surface mineralization. I look forward to keeping the market updated on exploration progress, including timing and scope of drill testing priority targets.”

Ongoing Exploration Program

Current geological mapping and soil surveys are focused at the IRK and Eagle Eye targets.

The program at the IRK target, located about 11 km south of Buck Main, has three primary aims:

  • Define the spatial extent of previously documented strong alteration with anomalous geochemistry in rock samples comprised of bleached andesite, dacite and rhyolite (Gale, 1984).
  • Investigate and expand numerous historic and overlooked broad zinc (+/- silver, gold, arsenic, antimony, and lead-in-soil anomalies (Figure 1).
  • Ground-truth high-priority and untested Versatile Time Domain Electromagnetic (VTEM) resistivity-high and conductive-high anomalies (see news release dated August 11, 2022).

Historic reports and more recent geological mapping at IRK suggest that sulfide-related mineralization is associated with zones strong silicification (Gale, 1984). Because the target areas are predominantly covered by post-mineralization till and soils, the extent of the prospective hydrothermal system is unknown.

Eagle Eye, located near the center of the property, has seen very limited historic exploration compared to IRK. However, a historic reconnaissance-style IP survey outlined a large and untested strong chargeability-high anomaly (Lloyd, 2004) spatially coincident with a recently defined high-resistivity anomaly from the VTEM survey. The exploration program at Eagle Eye aims to investigate the geophysical anomalies through targeted geochemical surveys and geological mapping.

Samples from IRK and Eagle Eye are being analysed for their geochemical compositions the field with a pXRF instrument, which allows for near-real time results that can be acted on immediately to inform potential grid expansion or infill sampling. Comparing pXRF results to standard laboratory analytical data from the same samples provides confidence that this method is a cost effective and timely solution to soil geochemical analysis. Select samples will also be sent to the lab for low-detection geochemical analysis to maintain a strong workflow of data quality analyses.

The completion of the geochemical surveys will provide critical insight into the prospectivity of the underlying bedrock and help inform potential follow-up geophysical surveys and drilling.

Geophysical Survey

An IP geophysical survey is being planned at IRK to investigate the lateral and vertical extent of potential zones of strong mineralization (e.g., generate strong chargeability highs). Data from ongoing geological mapping and expanded soil geochemical grids covering newly identified broad high-resistivity zones (see news release dated August 11, 2022) will be used to inform the extent, orientations and spacing of the IP survey lines. The survey will commence shortly once all geochemical data have been interpreted.

Drill Targeting

Drilling at the Buck Main target will commence in September and will have a strong focus on expanding near-surface zones of strong gold-silver-zinc mineralization at Buck Main. Recently completed geological modelling has defined drill target areas for expansion of known mineralization. All zones at Buck Main are open in all directions, both laterally and vertically. Additional targets peripheral to Buck Main will also be tested through step-out drilling.

Figure 1. Buck Project 2022 Sample Locations

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and, therefore, investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby, or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

Reference

Gale, R.E., 1984, Report on geochemical and geological exploration program with backhoe trenching, IRK claims, Assessment Report 12753, Assessment Report Indexing System, aris.empr.gov.bc.ca, 13 p.

Lloyd, J., 2004, A geophysical report on an induced polarization survey on the Buck Property, Omineca Mining Division, near Houston, British Columbia, Assessment Report 27458, Assessment Report Indexing System, aris.empr.gov.bc.ca, 45 p.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is 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 the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com. 

Link to Figure

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/08/Fig1_Buck_Sampling_Aug_NR.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit Receives Drilling Permit for Property-wide Exploration on the Buck Project, Central BC

By 2022

Vancouver, B.C. August 24, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report that it has received a property-wide exploration permit for its 33,000 hectare Buck Project, central British Columbia, where the Company has an option to earn a 100% interest. 

Highlights

  • Property-wide permit approval: A 5-year Multi-Year Area-Based (MYAB) permit has been granted for ongoing drilling programs and significant exploration activities to be conducted across the Buck Project, central B.C. 
  • Approved activities: The permit allows for up to 217 drill sites, up to 40 line-kilometres of geophysical surveys, up to 250 trenching sites, as well as construction and modification of exploration access trails.
  • Drilling to commence shortly: The Company plans to commence drilling at the Buck Main zone in September. The upcoming drill program will focus on expanding near-surface zones of strong gold-silver-zinc mineralization at Buck Main, guided by recently compiled geological modelling.
  • Property-wide exploration continues: Multiple additional areas within the Buck land package are being explored, including rock chip, soil and silt sampling (see news release dated August 11, 2022) as well planning for an IP (induced polarization) geophysical survey. 

“The receipt of this permit is an exciting milestone for the Company,” stated Sharyn Alexander, Sun Summit’s President. “The expansion of our permit area allows exploration across our large 33,000 hectare land package, much of which is road accessible. The current surface exploration being conducted at our IRK and Eagle Eye targets could lead to the generation of new drill targets to augment the existing drill plans for Buck Main. With the newly attained permit we could see the drill turning at multiple prospective areas within the property in the near term, and are equipped to expand and explore additional targets, in addition to Buck Main, as they emerge.”

Multi-Year Exploration Permit

The Company has been notified by the BC Ministry of Energy, Mines and Low Carbon Innovation (EMLI) office that it’s Notice of Work application for a 5-year MYAB permit under the B.C. Mines Act has been approved. The permit area is contained within the Company’s 33,000 hectare tenure package located just south of the town of Houston, B.C. 

The permit includes up to 217 drill sites for diamond drilling (both ground- and helicopter-supported), 25 helipad sites, 40 line-kilometres of geophysical surveys, 250 trenching sites, as well as construction and modification of exploration access trails. 

Community Engagement 

The Buck Project is located on the territory of the Wet’suwet’en Peoples with whom Sun Summit is committed to engaging with in a transparent and respectful manner. The best principles of early engagement have been followed with representatives of the Wet’suwet’en Nations groups to introduce the project and create open lines of communication. Sun Summit will continue to strengthen these relationships and communicate with the Wet’suwet’en Peoples for upcoming activities, project progress, and input and feedback relating to the Buck Project. 

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com 

Tel. 778-588-9606


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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit Commences Extensive Exploration Program across Multiple Highly Prospective Targets at the Buck Project, Central BC

By 2022

Vancouver, B.C. August 11th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the commencement of a property-wide exploration program over several highly prospective target areas within its 100% optioned, 33,000 hectare Buck Project, central British Columbia.

Highlights

  • Prospectivity assessment has outlined several target areas: Results from the Company’s recently completed property-wide heli-borne Versatile Time Domain Electromagnetic (VTEM) survey, together with compiled and reinterpreted historic and recently acquired exploration data, have outlined several areas considered prospective for Buck-style epithermal-related gold-silver-zinc mineralization as well as potential porphyry-related copper mineralization.
  • Property-wide exploration program underway: Crews have mobilized to site and have started collecting soil samples along strategically placed grids across key target areas; IRK and Eagle Eye. These soil samples, along with rock samples from focused geological mapping and prospecting, will aid in defining new drill targets outside of the Buck Main system.
  • Drill planning in progress: The Buck Main system remains open in multiple directions and drill targets within and peripheral to the mineralizing system are currently being finalized. Results of the field exploration program will also help delineate high-priority drill targets elsewhere on the property.

“We are very excited to start the next phase of exploration at our Buck Project”, stated Sharyn Alexander, Sun Summit’s President. “The results of our high-resolution VTEM geophysical survey, as well as the assessment and reinterpretation of existing geological, geophysical, and geochemical data, have provided new insight into the unique potential in this region. In addition to expanding our Buck Main discovery, our large property has the potential to host additional Buck-style prospects and other deposit types. Our technical team has selected several high-priority areas for follow-up geochemical sampling and geological mapping which will improve our understanding of the Project’s district-scale prospectivity and could lead to additional discoveries. 

“This property-wide exploration program at the Buck Project is expected to continue over the coming months as we advance toward a follow-up drill program at Buck Main. Any drill worthy targets delineated during the current program should augment and potentially expand future drilling programs to include testing of multiple targets.”

Exploration Program

The exploration program will include geological mapping and geochemical sampling across key targets identified through a rigorous assessment of recently acquired high-resolution VTEM geophysical data (see news release dated July 14, 2022) together with existing geological, geochemical, and geophysical data (e.g., IP and magnetics) compiled by Sun Summit’s technical team.

Figure 1. Buck Project exploration target areas

Two high-priority areas with significant multi-km2 footprints were first selected for systematic follow-up surveys based on their potential to host Buck-style epithermal-related mineralization or porphyry-related copper mineralization.

  • The IRK target, located 11 kilometres south of Buck Main (Figure 1), comprises broad resistivity-highs and surrounding conductivity-high anomalies in VTEM geophysical data, which are coincident with known multi-element (Zn ± Au, Ag, As, Sb, Cu; Figure 1) geochemical anomalies.
  • The Eagle Eye target, located near the center of the property (Figure 1), comprises coincident chargeability-high (historic IP data), resistivity-high (VTEM data), and magnetic-low (historic magnetic data) anomalies, similar to the Buck Main system. The target area lacks detailed soil geochemical data.
  • Both target areas are interpreted to be underlain by volcanic and volcaniclastic rocks of the Late Cretaceous Kasalka Group. These prospective rocks host epithermal-related mineralization at Buck Main and also epithermal-related mineralization at the Blackwater and Capoose gold-silver development projects of Artemis Gold Inc. (Angen et al., 2018)1.
  • The scale and potential of the IRK and Eagle Eye targets will be investigated through detailed geological mapping and targeted geochemical surveys during the current exploration program. In total, over 1,500 soil samples and numerous rock samples will be collected across both target areas. The completion of the geochemical surveys will provide critical insight into the prospectivity of the underlying bedrock and help inform potential follow-up geophysical surveys and drilling.

1 Mineralization at such projects is not necessarily indicative of mineralization at the Buck Project.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. 

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and therefore investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

References

Angen, J.J., Hart, C.J.R., Kim, R.S., and Rahimi, M. (2018): Geology and Mineral Potential of the TREK Area, Northern Interior Plateau, Central British Columbia, Parts of 1:250,000 NTS Sheets 093B, C, F and G; Geoscience BC Report 2018-12, MDRU Publication 411.175 p.

Community Engagement 

Sun Summit is engaging with First Nations on whose territory the Buck Project is 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 the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston in central B.C.

The Company is exploring multiple high priority targets through systematic exploration campaigns with excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining 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.

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/08/Fig1_Buck_Regional_Geophys_Prelim_Aug_NR.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

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 impact of exploration competition; 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit completes property-wide high-resolution airborne VTEM geophysical survey across the Buck Property; Exploration planning in progress

By 2022

Vancouver, B.C. July 14th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the completion of a high-resolution VTEM (Versatile Time Domain Electromagnetic) geophysical survey across the Buck Property, central British Columbia.

Highlights

  • Property-wide geophysical survey complete: Over 1,800 line kilometres of high-resolution geophysical data was acquired from across the 33,000 hectare property. 
  • High-resolution data to assist with target generation: Preliminary VTEM results are being interpreted together with compiled geological and geochemical data to define areas considered prospective for Buck-style epithermal-related gold-silver-zinc mineralization as well as porphyry-related copper mineralization. 
  • Reinterpretation of historic datasets: Reassessment of existing geophysical and geochemical data will aid in generating a prospectivity assessment to enhance targeting.
  • Property-wide surface exploration to follow: Field crews will be mobilised following geophysical data interpretation to conduct focused geological and structural mapping and soil geochemical surveys across priority target areas.
  • Drill planning in progress: Targets within and peripheral to the Buck Main system are currently being prioritised and drill hole planning is ongoing. 
  • Strong financial position: The Company is well capitalized with over $5.0 million in the treasury. 

Sharyn Alexander, Sun Summit’s President, stated: “The primary goal of the VTEM geophysical survey was to obtain important new data from across the large property to identify and prioritise zones of high prospectivity outside of the Buck Main zone. This new data, together with compiled and reinterpreted historic and recently acquired exploration data, will provide our technical team with a robust dataset to build on this summer with the primary goal of discovery. We are excited to use this information to potentially expand existing targets and identify new targets across our property, and look forward to starting our field programs shortly.”

Geophysical Survey

The company engaged Geotech Ltd. to carry out the helicopter-borne VTEM geophysical survey across the Buck property (see news release from June 14th, 2022). The over 1,800 line kilometre survey was conducted on east-west oriented lines spaced 200 metres apart. Preliminary maps of the data have been supplied by Geotech and final processed data and reporting is expected in the coming weeks. 

The focus is to investigate the electromagnetic signature of the Buck Main epithermal-related system and to look for comparable signatures across the entire property. These potential anomalies, together with other signatures interpreted to be related to additional mineralization styles, including porphyry-related, will be ranked and prioritised. Follow-up geological and geochemical surveys will commence shortly after all data has been fully interrogated and target areas are prioritized.

Data Compilation and Interpretation

A recent focus has been the compilation and reassessment of all historic and recently acquired geophysical and geochemical data from across the property. This updated compilation and rigorous data analysis (e.g., prospectivity assessment) was considered critical to systematically assess the relevance of 1980’s and 1990’s vintage data compared to more recent exploration data. Data from over 9,000 soil, 1,900 rock, and 100 silt geochemical samples and multiple IP (induced polarization), airborne and ground magnetic surveys are now being used with improved levels of confidence and weighting to help interpret the high-resolution VTEM data and develop new target areas.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. 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 engaging with First Nations on whose territory the Buck Property is 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 the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston in central B.C.

The Company is exploring multiple high priority targets through systematic exploration campaigns with excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining 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.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

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; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; 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; 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

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Sun Summit Grants Stock Options

By 2022

Vancouver, BC, July 11th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN, OTCQB: SMREF) announces that it has granted options to purchase 1,150,000 common shares at $0.25 per share for five years to directors, officers, employees and consultants.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship 100% controlled Buck Property located in north-central British Columbia near the town of Houston in central B.C.

The Company is exploring multiple high priority targets through systematic exploration campaigns with excellent developed infrastructure and year-round drilling access. The Buck Property has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining 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.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com 

Tel. 778-588-9606

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit commences 2022 property-wide exploration on the Buck Property; Mobilises crew for high-resolution airborne VTEM geophysical survey

By 2022

Vancouver, B.C. June 14th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the commencement of its summer 2022 exploration program across its Buck Property, central B.C.

Highlights

  • Property-wide geophysical survey is set to commence: Crew and equipment have been mobilised to the property to conduct a heli-borne Versatile Time Domain Electromagnetic (VTEM) survey.
  • High-resolution geophysical data to assist with target generation: Results will be used to refine and prioritise follow-up geological and geochemical surveys and possible drilling later this year.
  • Drill planning in progress: All new data from the recently competed Buck Main drill program has been interpreted and included into the refined geological model. Targets within and peripheral to the Buck Main system are currently being ranked and prioritised.

Sharyn Alexander, Sun Summit’s President, stated:

“The start of this year’s property-wide exploration program is a very exciting time for us. Based on encouraging results from last year’s extensive drilling and field work, we decided it was paramount to focus on investigating the broader mineral potential and prospectivity of the entire property. As such, the objective of this extensive survey is to obtain important geophysical data from across the property to identify zones where geochemical, geological, and geophysical anomalies are coincidental. This additional data is anticipated to help focus follow-up work and generate new drill targets outside of the Buck Main zone.

“The Buck Property is surrounded by current and past-producing mines as well as numerous advanced-staged development projects¹. Although the Buck Main target area is the current focus, we strongly believe in the project’s potential to host multiple deposit-types. Our immediate goal therefore is to define and prioritise additional prospective drill targets to complement our ongoing systematic drill programs at Buck Main.”

Geophysical Survey

Sun Summit has contracted Geotech Ltd. to carry out a helicopter-borne VTEM geophysical survey across the Buck property. The over 1,800-line kilometre survey will be conducted on east-west oriented lines spaced 200 metres apart. The VTEM system is proprietary to Geotech and is used to map the apparent resistivity (or electrical conductivity) and the magnetic signature of bedrock underlying a survey area. This data can be used to map geologic structures, lithologies and alteration zones potentially related to hydrothermal fluids in areas buried by post-mineralization cover such as glacial till and soils. This type of survey has been successfully utilized in similar geologic environments to explore for porphyry- and epithermal-related mineralization.

Central to the 33,000 hectare Buck Property is an approximately 24 kilometre long, northwest-trending, fault-bound belt of Late Cretaceous Kasalka Group volcanic and volcaniclastic rocks, host to epithermal-related mineralization at Buck Main. Kasalka Group volcanic rocks also host bulk-tonnage epithermal-related mineralization at the Blackwater and Capoose gold-silver development projects of Artemis Gold Inc. (Angen et al., 2018)². These rocks are poorly exposed across the Buck Property due to widespread post-mineralization cover, therefore the high-resolution VTEM data will provide critical insight into the prospectivity of the underlying bedrock and help focus future ground-based surveys.

The initial focus will be to investigate the apparent resistivity signature of the Buck Main epithermal-related system and to look for comparable signatures across the entire property. These potential anomalies, together with other signatures interpreted to be possibly related to additional mineralization styles, will be ranked and prioritised. Follow-up geological and geochemical surveys will commence shortly after completion of the VTEM survey.

Figure 1. Map showing the survey area

References

Angen, J.J., Hart, C.J.R., Kim, R.S., and Rahimi, M. (2018): Geology and Mineral Potential of the TREK Area, Northern Interior Plateau, Central British Columbia, Parts of 1:250,000 NTS Sheets 093B, C, F and G; Geoscience BC Report 2018-12, MDRU Publication 411.175 p.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng., 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 any data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Property is 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 the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship 100% controlled Buck Property located in north-central British Columbia near the town of Houston in central B.C.

The Company is exploring multiple high priority targets through systematic exploration campaigns with excellent developed infrastructure and year-round drilling access. The Buck Property has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining 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.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/06/Fig1_VTEM_Survey_June_NR.jpg

______________________________
¹ Resources and reserves at such mines are not evidence of resources existing at Buck
² Mineralization at such projects is not necessarily indicative of mineralization at Buck

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com
Tel. 778-588-9606

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; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; 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; 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit discovers strong gold-silver-zinc mineralization west of Buck Main: Drills 1.09 g/t gold equivalent over 73.5 metres including 2.20 g/t gold equivalent over 10.30 metres in an area that remains open in all directions

By 2022

Vancouver, B.C. May 3rd, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report initial drill results from its winter 2022 exploration drill program and the discovery of new zones of bulk-tonnage style gold-silver-zinc mineralization on its Buck Property, central B.C.

Highlights

  • Discovered new zone of strong gold-silver-zinc mineralization: Westernmost step-out holes intersected numerous zones of strong mineralization in a previously untested area.
  • BK22-070:
    • 1.09 g/t gold equivalent (AuEq) over 73.5 metres including 2.20 g/t AuEq over 10.3 metres and 1.50 g/t AuEq over 17.0 metres within 0.84 g/t AuEq over 117.7 metres.
  • BK22-071:
    • 1.31 g/t AuEq over 18.0 metres within 0.75 g/t AuEq over 47.7 metres.
    • 1.40 g/t AuEq over 12.0 metres including 2.63 g/t AuEq over 6.0 metres.
    • 1.44 g/t AuEq over 13.0 metres including 11.37 g/t AuEq 0.8 metres.
    • 1.65 g/t AuEq over 7.6 metres including 9.57 g/t AuEq over 1.1 metres.
  • BK22-072:
    • 1.12 g/t AuEq over 23.0 metres including 12.03 g/t AuEq over 1.5 metres.
    • 6.53 g/t AuEq over 1.5 metres.
    • 1.36 g/t AuEq over 12.8 metres and 0.97 g/t AuEq 51.4 metres within 0.68 g/t AuEq over 145.0 metres.
    • 1.66 g/t AuEq over 10.9 metres within 0.81 g/t over 36.8 metres.
  • Opens exploration potential significantly to the west, south and at depth of Buck Main:
    • Cumulative grade thickness through all zones of mineralization in new holes compares favourably with other holes drilled some 500 metres to the east.
  • A systematic follow-up drill program is currently being planned to fully evaluate the scale and potential of this new discovery.
  • The results of the remaining six holes are pending.

Notes:

  1. Intervals are downhole core lengths. True widths are unknown.
  2. Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
  3. AuEq assumes metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151)+(Ag(g/t)*$Ag/oz*0.032151)+(Zn%*$Zn/lbs*22.0462))/($Au/oz*0.032151).
  4. Assay results for individual metals for each AuEq calculation are reported in Table 1.

Sharyn Alexander, Sun Summit’s President, stated: “These western step-out holes at Buck have significantly expanded our exploration footprint and provided us with a compelling priority target for systematic follow-up drilling. The style, polymetallic nature and grade of the new discovery zone are very similar to what is found in the Horseshoe zone 500 metres to the east. These holes strongly confirm our belief that we are just beginning to scratch the surface of the Buck Main system, where the limits of mineralization are still unconstrained.”

“We await the results from six more holes currently in the lab. Once all results have been reported, we will compile the data, generate an updated geological model and design a systematic follow-up drill program testing these new zones of mineralization as well as previously discovered targets.”

Figure 1. Map showing drill collar locations with selected highlights

Drill Program

Holes BK22-070, -071 and -072 were designed to investigate the extent and continuity of bulk-tonnage style gold-silver-zinc mineralization previously intersected in holes BK21-059 and -065 (Figure 1; see news release February 22, 2022). The new holes confirm strong grade-continuity of near-surface bulk-tonnage style mineralization hosted in dacitic volcaniclastic rocks and quartz-feldspar-porphyry dykes and demonstrate the significant depth potential of the system to the south and west.

Figure 2. Cross section 4350 showing selected highlights

BK22-070, drilled towards the southwest (Figure 2), intersected strongly altered and mineralized andesite below the mineralized dacitic volcaniclastic package highlighted by a composite interval of 0.84 g/t AuEq over 117.7 metres including 1.09 g/t AuEq over 73.5 metres and 2.20 g/t AuEq over 10.3 metres (Table 1). Hole BK22-071, collared from the same pad but drilled with a steeper dip, intersected numerous zones of strong gold-silver-zinc mineralization (e.g., 1.31 g/t AuEq over 18.0 metres within 0.75 g/t AuEq over 47.7 metres, and 1.40 g/t AuEq over 12.0 metres including 2.63 g/t AuEq over 6.0 metres – intervals are downhole core lengths, true widths are unknown). Similar to hole BK22-070, mineralization here continued below the dacites. BK22-072 was collared 60 metres to the west of BK22-070 and -71 and was drilled to the southwest. The hole intersected numerous zones of >1.0 g/t AuEq mineralization down to 500 metres (Table 1) followed by strong sulfide-rich mineralization to the bottom of the hole. This lower zone of mineralization is hosted in dacitic volcaniclastic rocks with strong zinc anomalism (e.g., 187 metres of 0.53% Zn).

The tenure of mineralization intersected in holes BK22-070, -071 and -072 compares favourably to other holes on the property collared 500 metres to the east (see news release July 6, 2021). The cumulative grade thickness through all zones of mineralization in BK22-070 was 202 g/t AuEq*m, BK22-071 was 166 g/t AuEq*m, and BK22-072 was 230 g/t AuEq*m. These results support the considerable potential of the western side of Buck for the development of bulk-tonnage targets. Furthermore, local zones of high-grade gold-silver-zinc mineralization (e.g., 11.37 g/t AuEq over 0.8 metres in BK22-071, and 12.03 g/t AuEq over 1.5 metres in BK22-072 – intervals are downhole core lengths, true widths are unknown) are similar to high-grade vein-hosted mineralization previously intersected near the centre of Buck Main and suggest strong high-grade potential to the west.

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 Houston, B.C. Half of the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Kamloops, Langley or North Vancouver, B.C. 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. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample 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 sample.  Samples with >100 ppm silver were re-analyzed using a four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using a four acid digestion and ICP-AES finish.

In addition to ALS Global laboratory QA / QC protocols, Sun Summit implements an internal QA / QC program that includes the insertion of duplicates, standards and blanks into the sample stream.

AuEq incorporates metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq (AgZn) (g/t) = ((Au(g/t)*$Au/oz*0.032151) + (Ag(g/t)*$Ag/oz*0.032151) + (Zn%*$Zn/lbs*22.0462)) / ($Au/oz*0.032151)

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. 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 engaging with First Nations on whose territory the Buck Property is 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 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.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston in central B.C.

The Company is exploring multiple high priority targets through systematic exploration campaigns with excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining 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.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/05/Buck-Drilling-Fig1-NR-Apr-2022.jpg

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2022/05/Buck_Section_Equity_4350_NR_Apr2022-scaled.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com
Tel. 778-588-9606

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; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; 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; 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Sun Summit AGM & Corporate Update

By 2022

Vancouver, B.C. April 27, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces that its annual general meeting will be held on Thursday, June 2, 2022, at 10:00 a.m. (Vancouver time) in a hybrid virtual and in person format. Copies of the Notice and Information Circular respecting the meeting are available at www.sunsummitminerals.com/investors/.

Sun Summit also announces the planned retirement of Mr. Robert (Bob) Willis as CEO and a Director upon the completion of his term at the meeting. Mr. Willis has been part of the Company’s board since 2009, when it was known as San Marco Resources Inc. Mr. Willis will take on the role of Senior Advisor to the Company and will continue to be significantly involved with project development and strategic planning.

Tookie Angus, Sun Summit Chairman and co-founder, commented: “On behalf of my fellow directors, we thank Bob for his service, hard work, and dedication to the Company. Bob has seen the Company through pivotal transformations, such as the transition from Mexico to British Columbia, and the discovery at the Buck gold-silver-zinc exploration project in central B.C. For my own part, I would like to say that our relationship has been a singular one. Under his exemplary leadership, his vision and guidance has been a benefit to us all.”

Bob Willis, Sun Summit’s CEO, stated: “After more than 45 years of being associated with some of the most wonderful professionals in the junior resource business, it is time for me to step back. My personal health and my family are some priorities I wish to dedicate more time. My Sun Summit founding partner, Tookie Angus, has been my biggest supporter, for which I am forever grateful.”

“The Company is well financed, has a great discovery project, and is being managed by a group of professionals who I am convinced will take Sun Summit to much higher levels. With the blessing of the board, I intend to continue to be keenly involved in an advisory role in all aspects of the company.“

President Sharyn Alexander stated: “The Company remains fully committed to advancing the Buck Project through systematic exploration targeting. I am very proud of what the Company has accomplished in a short timeframe, including building a first-rate exploration team and using an innovative approach to exploration discovery. I have benefited greatly from Bob’s leadership, and I look forward to continuing that relationship through his advisory role.”

The Company takes this opportunity to thank Mr. Willis for his invaluable contribution to during his years of service and looks forward to starting a new chapter with his role of Senior Advisor.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship Buck Property located in north-central British Columbia.

The Company is exploring multiple high priority targets through systematic exploration campaigns with year-round drilling access. The Buck Property has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining 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.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com
Tel. 778-588-9606

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; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; 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; 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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