sanmarco

Vancouver, B.C. August 6, 2020: San Marco Resources Inc. (TSX-V: SMN) provides an update from its multidisciplinary exploration program currently underway at its 100% controlled Buck epithermal gold (Au) – silver (Ag) property in central British Columbia, Canada. The 15,000 hectare road accessible property is located 12 kilometres (“km”) south of Houston, B.C. and has excellent nearby infrastructure and allows for year-round exploration. The property is 170 km northwest of Artemis Gold Inc.’s Blackwater Gold Project (9.5 million ounces of Au, Measured and Indicated Mineral Resource; see Artemis Gold Inc.’s June 9^th, 2020, news release – such resources are not indicative of the mineralization on the Buck Property).

Highlights

• Second Phase diamond drilling is expected to commence by the end of August. This drill phase will test epithermal-related, bulk-tonnage Au-Ag targets as well as structurally controlled, high-grade Au-Ag targets. Initial drilling will be focused within the currently known one km by two km surface mineralization footprint.
• A ground magnetic survey will be completed in August covering historical and newly discovered mineralization.
• A 20 line-km induced polarization (IP) survey over the Buck breccia complex and its interpreted northern extent below cover will commence early September.
• 679 soil samples were collected on a grid located one km north of historical drilling. Initial field results from this newly discovered area indicate this area is very prospective for Au-Ag mineralization. Assay results will be released when plotted and analysed.
• 104 rock-chip samples were taken from historical trenching as well as from areas of newly identified mineralization throughout the property. Results will be released when plotted and analysed.

Drilling

The second phase of 2020 diamond drilling will begin near the end of August, 2020. Numerous drill targets are already defined and additional targets will be refined based on ongoing geological and geochemical surveys and the upcoming geophysical surveys. San Marco is planning an aggressive drill program which will include an initial 3,000 to 5,000 metres of drilling followed by an additional proposed 5,000 metres of drilling based on results of initial drilling. Drill site preparation is commencing shortly.

This upcoming drill program will build on the previously announced Phase 1 diamond drill program of 1,806 metres which intersected wide zones of continuous gold mineralization such as 91 metres of 0.75 grams per tonne (g/t) Au within 156 metres of 0.59 g/t Au (BK20-002, SMN news release dated May 12, 2020). 

Geophysical Surveys

San Marco will conduct a 20 line-km IP survey over the Buck breccia complex. Historic 1980’s-vintage IP data was collected on east-west oriented lines. Based on the new understanding of key property-scale WNW mineralization trends, a modern north-south oriented survey with a significantly increased depth of investigation is warranted. This survey will also cover the recently completed soil geochemical grid where historic IP data is lacking. Prior to the IP survey, a ground magnetic survey will be conducted to help refine the property’s lithological and structural architecture as well as identify areas of magnetite-destructive alteration.

Geology and Sampling

• Exploration completed to date include geological and structural mapping together with rock-chip sampling in the northwest trending Buck Structural Corridor and also in newly identified zones of mineralization along trend.
• A total of 679 soil samples were collected on a grid centered one km north of the Horseshoe zone. This newly discovered area is prospective for Buck-style Au-Ag mineralization.
• A total of 104 rock samples were systematically collected from throughout the property. Assay results of these samples will be released after received and analysed.

Field crews completed approximately 26 line-km of soil sampling with a total of 679 B-horizon soil samples collected over the inferred north-northeast extension of the Buck breccia complex. A total of 104 rock samples were also collected from areas of historic trenching and also areas of newly identified zones of alteration and mineralization. In addition, 11 silt samples were collected from key drainages on the property.

Detailed geological and structural mapping of historic trenches and gossanous outcrop along Buck Creek revealed new insights into key structural controls to higher-grade Au-Ag mineralization (see SMN news release dated June 23^rd, 2020). A property-scale WNW-trending, ~500 metre wide by at least two km long structural zone, termed the Buck Structural Corridor, has been defined (Figure 1). The Corridor is interpreted to be a first-order control on mineralization with smaller NE-SW grade-controlling structures also observed. The Corridor includes the Horseshoe, Adit and Trench zones. Based on new structural observations, the structural model is being refined and will better inform drill hole planning.

Gold and silver mineralization is predominantly associated with disseminated and lesser stringer-hosted pyrite and sphalerite and is related to widespread and pervasive clay and/or quartz + sericite alteration and secondary carbonate (e.g., 156 metres of 0.59 g/t Au; BK20-002, SMN news release dated May 12^th, 2020). Similar styles of alteration have been intersected in most historic drill holes covering a footprint of approximately one by two km. The hydrothermal system is centred on the Buck breccia complex comprised of intrusive breccias, magmatic-hydrothermal breccias, hydrothermal breccias, pebble-dikes and a thick, intermediate- to felsic volcaniclastic pile. The breccia complex is associated with quartz-feldspar porphyritic granodiorite dykes that locally cross-cut volcaniclastic rocks but are also represented as gravel to boulder sized clasts in N-S trending pebble-dikes. The youngest volcaniclastic rocks contain clasts of plagioclase phyric andesite, quartz porphyritic dacite, lesser flow-banded rhyolite and an abundance of altered and mineralised intrusive clasts with local quartz-sulfide stockwork.

Taken together, two primary targets are defined, and include: 1) structurally controlled high-grade epithermal-related Au-Ag, and 2) bulk-tonnage epithermal-related Au-Ag. Drill holes are being planned to systematically test the lateral and vertical extent of both target types.

Health and Safety

The 2020 exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. San Marco has a rigorous infection prevention and control protocol in place to protect the health of employees, contractors, as well as surrounding communities in which we work.

Link to Figure

Figure 1:

http://sunsummitminerals.com/wp-content/uploads/2020/08/Buck_Overview_Aug6_NR-.pdf

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc, and copper projects with a focus in mining friendly jurisdictions in both British Columbia and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services 

Nancy Curry
Corporate Communications

info@sunsummitminerals.com 

Tel. 778-588-9606 

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’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.

Forward Looking Information

Statements contained in this presentation that are not historical facts are 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; imprecision in resource and reserve estimates; 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 regulation, San Marco Resources Inc. (SMN) 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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Vancouver, B.C. – July 24, 2020: San Marco Resources Inc. (TSX-V: SMN) is pleased to announce that it has closed its previously announced non-brokered “flow through” private placement. The placement was oversubscribed and consisted of: (i) 6,498,000 “charity flow-through” Units at a price of $0.34 each (the “Charity FT Unit Offering”) and (ii) 7,257,285 “flow-through” Units at a price of $0.26 each (the “FT Unit Offering” and, together with the Charity FT Unit Offering, the “Offering”) for gross aggregate proceeds of $4,096,214.10. Eventus Capital Corp. acted as a finder in connection with the Offering and received a 7% cash fee and that number of compensation warrants equal to 7% of the number of Units that it placed.

Bob Willis, CEO and director, stated, “This is a very exciting time for all San Marco shareholders as we are now fully financed for a 10,000m drill program scheduled to start very shortly. We welcome our new strong institutional investor base and are looking forward to expand on the excellent results to date at the Buck Property.”

Each Unit consisted of one ‘flow-through’ common share and one half of a common share purchase warrant. Each whole warrant (a “Warrant”) entitles the purchase of one (non-flow-through) common share for 24 months at a price of $0.34. If the closing price of the Company’s common shares is greater than $0.70 for 10 consecutive trading days, San Marco has the right to accelerate the expiry date of the Warrants by giving notice, via a new release, to the Warrant holders that the Warrants will expire 30 days after the issuance of the news release. The compensation warrants will be exercisable for two years at a price of $0.26 per share in respect of those issued under the FT Unit Offering and $0.34 per share in respect of those issued under the Charity FT Unit Offering and will not be subject to the acceleration provision.

Common shares comprising part of the Units issued under the Offering will qualify as ‘flow through shares’ (“Flow Through Shares”) under the Income Tax Act (Canada). The gross proceeds from the Offering will be used to incur ‘Canadian exploration expenses’ that will qualify as ‘flow through mining expenditures’ under the Income Tax Act and will be renounced to the initial purchasers of the Flow Through Shares.

Proceeds of the Offering will be used for funding exploration of the Company’s Buck Property. All the securities issued and issuable pursuant to the Offering will be subject to a four month restricted resale period expiring on November 24, 2020. San Marco also paid 7% finder’s fees and issued 7% in compensation warrants to Haywood Securities Inc., National Bank Financial Inc. and T-Bone Ventures Inc., which acted as finders under the FT Unit Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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Vancouver, B.C. – June 30, 2020: San Marco Resources Inc. (TSX-V: SMN) is pleased to announce that, due to strong investor demand, it is increasing the size of its non-brokered private placement offering to $4,000,000 consisting of: (i) “charity flow-through” Units at a price of $0.34 each (the “Charity FT Unit Offering”) and (ii) “flow-through” Units at a price of $0.26 each (the “FT Unit Offering” and, together with the Charity FT Unit Offering, the “Offering”). Eventus Capital Corp. has been appointed as a finder in connection with the Offering and will be paid a 7% cash fee and issued that number of compensation warrants (having the terms described below) equal to 7% of the Units sold.

Bob Willis, CEO & Director, stated, “San Marco very much appreciates the strong support from the institutional investor community. We are looking forward to continue a very expanded drill program at the Buck Property as soon as possible.”

Each Unit will consist of one ‘flow-through’ common share and one half of a common share purchase warrant. Each whole warrant (a “Warrant”) will entitle the purchase of one (non-flow-through) common share for 24 months at a price of $0.34. If the closing price of the Company’s common shares (“Common Shares”) is greater than $0.70 for 10 consecutive trading days, San Marco will have the right to accelerate the expiry date of the Warrants by giving notice, via a new release, to the Warrant holders that the Warrants will expire 30 days after the issuance of the news release. The compensation warrants will be exercisable for two years at a price of $0.26 per share and will not be subject to the acceleration provision.

Common Shares comprising part of the Units issued under the Charity FT Unit Offering and FT Unit Offering will qualify as ‘flow through shares’ (“Flow Through Shares”) under the Income Tax Act (Canada). The gross proceeds from the Offering will be used to incur ‘Canadian exploration expenses’ that will qualify as ‘flow through mining expenditures’ under the Income Tax Act and will be renounced to the initial purchasers of the Flow Through Shares.

Proceeds of the Offering will be used for funding exploration of the Company’s Buck Property. Closing of the Offering is expected on or about July 21, 2020. All the securities issued pursuant to the Offering will be subject to a four month restricted resale period. Completion of the placement is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available.

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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Vancouver, B.C. – June 30, 2020: San Marco Resources Inc. (TSX-V: SMN) is pleased to announce that, due to strong investor demand, it is increasing the size of its non-brokered private placement offering announced June 29, 2020 to up to $3,500,000 consisting of: (i) “charity flow-through” Units at a price of $0.34 each (the “Charity FT Unit Offering”) and (ii) “flow-through” Units at a price of $0.26 each (the “FT Unit Offering” and, together with the Charity FT Unit Offering, the “Offering”). Eventus Capital Corp. has been appointed as a finder in connection with the Offering and will be paid a 7% cash fee and issued that number of compensation warrants (having the terms described below) equal to 7% of the Units sold.

Bob Willis, CEO & Director, stated, “We are very pleased with the strong institutional investor interest in San Marco’s Buck Property. I thank all investors for their support and look forward to the continued work on the property, including an initial 10,000 metres of drilling anticipated to begin this summer.”

Each Unit will consist of one ‘flow-through’ common share and one half of a common share purchase warrant. Each whole warrant (a “Warrant”) will entitle the purchase of one (non-flow-through) common share for 24 months at a price of $0.34. If the closing price of the Company’s common shares (“Common Shares”) is greater than $0.70 for 10 consecutive trading days, San Marco will have the right to accelerate the expiry date of the Warrants by giving notice, via a new release, to the Warrant holders that the Warrants will expire 30 days after the issuance of the news release. The compensation warrants will be exercisable for two years at a price of $0.26 per share and will not be subject to the acceleration provision.

Common Shares comprising part of the Units issued under the Charity FT Unit Offering and FT Unit Offering will qualify as ‘flow through shares’ (“Flow Through Shares”) under the Income Tax Act (Canada). The gross proceeds from the Offering will be used to incur ‘Canadian exploration expenses’ that will qualify as ‘flow through mining expenditures’ under the Income Tax Act and will be renounced to the initial purchasers of the Flow Through Shares.

Proceeds of the Offering will be used for funding exploration of the Company’s Buck Property. Closing of the Offering is expected on or about July 21, 2020. All the securities issued pursuant to the Offering will be subject to a four month restricted resale period. Completion of the placement is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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Vancouver, B.C. – June 29, 2020: San Marco Resources Inc. (TSX-V: SMN) announces it has arranged a non-brokered private placement consisting of: (i) “charity flow-through” Units at a price of $0.34 each (the “Charity FT Unit Offering”) and (ii) “flow-through” Units at a price of $0.26 each (the “FT Unit Offering” and, together with the Charity FT Unit Offering, the “Offering”) for gross aggregate proceeds of $2 million. Eventus Capital Corp. has been appointed as a finder in connection with the Offering and will be paid a 7% cash fee and issued that number of compensation warrants (having the terms described below) equal to 7% of the Units sold.

Each Unit will consist of one ‘flow-through’ common share and one half of a common share purchase warrant. Each whole warrant (a “Warrant”) will entitle the purchase of one (non-flow-through) common share for 24 months at a price of $0.34. If the closing price of the Company’s common shares (“Common Shares”) is greater than $0.70 for 10 consecutive trading days, San Marco will have the right to accelerate the expiry date of the Warrants by giving notice, via a new release, to the Warrantholders that the Warrants will expire 30 days after the issuance of the news release. The compensation warrants will be exercisable for two years at a price of $0.26 per share and will not be subject to the acceleration provision.

Common Shares comprising part of the Units issued under the Charity FT Unit Offering and FT Unit Offering will qualify as ‘flow through shares’ (“Flow Through Shares”) under the Income Tax Act (Canada). The gross proceeds from the Offering will be used to incur ‘Canadian exploration expenses’ that will qualify as ‘flow through mining expenditures’ under the Income Tax Act and will be renounced to the initial purchasers of the Flow Through Shares.

Proceeds of the Offering will be used for funding exploration of the Company’s Buck Property. Closing of the Offering is expected on or about July 21, 2020. All the securities issued pursuant to the Offering will be subject to a four month restricted resale period. Completion of the placement is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes the several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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Vancouver, B.C. June 23, 2020: San Marco Resources Inc. (TSX-V: SMN) (“San Marco” or the “Company”) announces the mobilization of a field crew on its flagship gold/silver/zinc Buck property in north-central B.C. The 100% optioned property consists of 15,000 hectares and is located just south of the town of Houston, B.C.

Highlights include:

• Geological mapping, structural analysis, and geochemical sampling to be completed.
• Multiple targets identified on the property through historic data compilation.
• Continuous rock chip intervals in the Trench Zone include 48 metres of 2.96 g/t Au, 48 metres of 2.61 g/t Au, and 45 metres of 1.82 g/t Au. ⁽¹⁾
• Significant drill hole intercepts in the Trench Zone include 8 metres of 2.70 g/t Au, 33 g/t Ag, and 12.0 metres of 1.06 g/t Au, 25 g/t Ag. ⁽¹⁾
• Phase 2 drill program to commence within weeks of field work completion.

The team has begun on-site field reconnaissance and preparation for the summer 2020 exploration program, with geologists arriving shortly.

San Marco’s CEO, Bob Willis, states “We are excited to begin field work at the Buck property. We have a number of excellent drill targets generated through historic data compilation and are keen to get on site, evaluate their priority, and get the drill turning again. The geology at Buck appears very similar to the geology at the Blackwater deposit, recently acquired by Artemis Gold from New Gold Inc. We’re producing the first compilation of historic results from multiple sources. This is generating very compelling targets in several lightly explored areas kilometres away from the bulk of historical work. Results from these new target areas are still being refined and will be released as they are compiled.”

The summer exploration program will include geological mapping and geochemical sampling of key exploration targets identified through analysis of historic geological, geochemical, and geophysical data compiled by San Marco’s technical team. Drilling of multiple targets is planned within a few weeks after the initial field work is completed.

Of particular interest is a zone to the west of the Phase 1 diamond drilling program announced on April 8, 2020 (Figure 1). Newly recovered records of historic work in the “Trench Zone” includes drilling and geochemical sampling in the form of soil and rock samples, as well as rock chip samples taken from trenches (Figure 2). Rock chip samples are noted as continuous 3 metre intervals; significant intercepts include 48 metres of 2.96 g/t Au, 48 metres of 2.61 g/t Au, and 45 metres of 1.82 g/t Au. ⁽¹⁾

Continuous rock chip intervals from historic trenching in the Trench Zone appear in Table 1 below.

Table 1. Historic Continuous Rock Chip Intervals from Trenches

* Individual rock chip samples are 3 metres in length

Historic drilling in the Trench Zone also identified continuous near-surface mineralization, including 30.8 metres of 2.70 g/t Au, 33 g/t Ag, and 12.0 metres of 1.06 g/t Au, 25 g/t Ag. ⁽¹⁾

Significant drill hole intercepts within the Trench Zone appear in Table 2 below.

Table 2. Historic Drill Hole Intercepts

* Drill core length, not true lengths

The 2020 exploration program will be carried out in compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Strict safety protocols will be in place to protect the health of employees, contractors, consultants, and their families.

Change of CEO

San Marco also announces the appointment of Bob Willis as CEO. Mr. Willis previously held the role of Executive Director. This change was made following the Company’s Annual General Meeting held on June 11, 2020.

(1)     The drill and rock chip results were obtained from parties that previously explored the property. The Company believes the significant intercepts to be accurate and comply with industry best practices at the time of drilling.

Links to Figures

Figure 1:
http://sunsummitminerals.com/wp-content/uploads/2020/06/Buck_Drilling_Sampling_Jun16_NR.pdf

Figure 2:
http://sunsummitminerals.com/wp-content/uploads/2020/06/Buck_Trench_Zone_Jun2020_NR-v2.pdf

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc, and copper projects with a focus in mining friendly jurisdictions in both British Columbia and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes the several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

National Instrument 43-101 Disclosure

This news release has been approved by San Marco’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.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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Vancouver, B.C. – June 2, 2020: San Marco Resources Inc. (TSX-V: SMN) announces that it has granted stock options to two directors and officers to purchase a total of 300,000 common shares at a price of $0.30 per share for a period of five years.

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region and includes many former and current operating mines. The Company’s portfolio also includes the several prospective, early stage exploration properties in Mexico.

San Marco 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 sunsummitminerals.com

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

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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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA

Vancouver, B.C. – June 1, 2020: San Marco Resources Inc. (TSX-V: SMN) announces that it has completed its private placement announced on May 15, 2020. A total of 3,000,039 units at a price of $0.23 per unit were sold for gross proceeds of C$ 690,009. Each unit consisted of one common share and one share purchase warrant to purchase one common share for $0.30 until May 29, 2023. The shares issued and issuable under this private placement will be subject to a four month restricted resale period expiring September 30, 2020.

The private placement was 100% subscribed by members of the Augusta Group including over 50% by Augusta Investments Inc., a company beneficially held by Richard W. Warke. The Augusta Group is a mining sector focused management group based in Canada and the United States. Augusta has an industry leading track record of value creation totalling over C$ 4.5 billion in exit transactions since 2011, and has strategic partnerships with the leading entrepreneurs in the mining sector. Additional information on the Augusta Group can be found at www.augustacorp.com

Proceeds of the private placement will be used for funding exploration of the Buck property and working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available.

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region that includes many former and current operating mines. In addition, the Company’s portfolio includes the several prospective, early stage exploration properties in Mexico.

For further information, contact:

Robert Willis, P. Eng.
Executive Director

Nancy Curry
Corporate Communications

Sharyn Alexander, M.Sc.
VP Technical Services

info@sunsummitminerals.com

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA 

Vancouver, B.C. – May 15, 2020: San Marco Resources Inc. (TSX-V: SMN) announces that it has arranged a private placement of 3,000,000 units at a price of $0.23 per unit for gross proceeds of C$ 690,000. Each unit will consist of one common share and one share purchase warrant to purchase one common share for three years at a price of $0.30. No finder’s fees will be payable in connection with the placement.

The private placement is 100% subscribed by members of the Augusta Group including over 50% by Augusta Investments Inc. a company beneficially held by Richard W. Warke. The Augusta Group is a mining sector focused management group based in Canada and the United States. Augusta has an industry leading track record of value creation totalling over C$ 4.5 billion in exit transactions since 2011, and has strategic partnerships with the leading entrepreneurs in the mining sector. Additional information on the Augusta Group can be found at www.augustacorp.com

Proceeds of the private placement will be used for funding exploration of the Buck property and working capital.

All the securities issued pursuant to this private placement will be subject to a four month restricted resale period. Completion of the placement is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirement is available.

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region that includes many former and current operating mines. In addition, the Company’s portfolio includes the several prospective, early stage exploration properties in Mexico.

For further information, contact:

Robert Willis, P. Eng.
Executive Director

Nancy Curry
Corporate Communications

Sharyn Alexander, M.Sc.
VP Technical Services

info@sunsummitminerals.com

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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Vancouver, B.C. – May 12, 2020: San Marco Resources Inc. (TSX-V: SMN) (“San Marco”) is pleased to announce it has intersected wide zones of continuous gold mineralization from its recently completed Phase 1 drill program at its 100% optioned gold/silver/zinc Buck property in north-central B.C.

Highlights of the Phase 1 drill program include:

• 91 metres of 0.80 g/t AuEq (gold equivalent, gold and silver only) within 156 metres of 0.63 g/t AuEq, including 33 metres of 1.01 g/t AuEq.
• 81 metres of 0.78 g/t AuEq within 200.7 metres of 0.51 g/t AuEq, including 44 metres of 1.01 g/t AuEq.
• 2.15 metres of 6.3 g/t Au and 10.0 g/t Ag, including 0.3 metres of 20.7 g/t Au and 48.9 g/t Ag (within 4 metres of the bottom of BK20-002).
• Mineralization is hosted in highly clay altered, faulted and fractured, brecciated volcanic tuffs, as wide disseminated zones and high-grade veins. (Widths are drill core length)
• Very consistent gold and silver grades intersected at shallow depths, some of which are projected to surface.

San Marco’s Executive Director, Bob Willis, states “We are very encouraged to see significant intervals of continuous gold mineralization at Buck, which confirms our preliminary findings that this is a large, near-surface gold/silver exploration opportunity. We intend to aggressively ramp up exploration efforts, with our ‘boots on the ground’ exploration team arriving on site in about three weeks. Our drill program gave us the first opportunity to see fresh core we could log and tie to gold mineralization, and to help target the best host rocks, alteration, and structural setting for gold deposition. We will use this new information to target drilling for Phase 2 and to prioritize numerous attractive, but previously poorly understood, target areas at Buck.”

The 1,806 metre drill program was centered in an area of historically explored mineralization and consisted of a total of five holes, where three holes were drilled in an area of known mineralization near surface. An additional two short holes were collared 350 metres to the northwest in an attempt to locate a previously postulated mineralized fault zone. Drill hole locations for the Phase 1 drill program can be seen in Figure 1 and were previously announced on April 8, 2020.

The primary objective of the Phase 1 campaign was to get fresh drill core to identify styles of mineralization and detailed analysis of subtle mineralizing controls that could then be applied project-wide. This has been successful, and these observations will be a key component in the design of the Phase 2 drill program.

Significant shallow drill intersections of gold and silver has shown the robust nature of mineralization, with most of the gold mineralization hosted as disseminations in the host rock, and as high-grade veins, commonly associated with sphalerite and pyrite (see Photo 1). Most of the mineralized system has been classified as felsic lapilli tuffs (volcanic rocks), with various degrees of brecciation. Rocks that are highly faulted and clay-altered have the most elevated gold values. Schematic cross sections can be seen in Figure 2 and Figure 3.

Near-Term Focus

San Marco’s plans for the next phase of exploration include:

• Continue to compile and analyse drill results and review drill core with assays in hand
• Mobilize a field crew to the property in about three weeks
• Commence exploration activities to include detailed mapping and sampling, and prospecting new areas radiating out from current drill location
• Re-interpret historical geophysical data to be used to assist in new drill target generation
• Complete initial 3-D geological model after all drill core interpretation and field work is complete
• Generate Phase 2 drill program

Significant intercepts for the Phase 1 drill program at Buck can be found below.

• * Widths are drill core length. Insufficient drilling has been undertaken to determine true widths at this time.
• Average grades are weighted by width and calculated with uncapped gold assays.
• Average widths are calculated using a 0.2 g/t gold equivalent cut-off grade with less than five continuous metres of internal dilution below cut-off grade.
• ** Gold equivalent (AuEq) values were calculated using a gold price of US$ 1,600 per ounce and a silver price of US$ 15 per ounce. Gold equivalent values were calculated using the following formula: AuEq = (Au g/t) + (Ag g/t) x (15/1600).
• Gold equivalent assumes 100% recoveries.

Quality Assurance

All sample assay results have been monitored through a quality assurance / quality control (QA/QC) program. Industry best practices were used for defining a QA/QC program where 5% of the sampling stream was controlled by industry recognized certified reference material (CRM’s) and blanks. When necessary, additional QA/QC in the form of 5% of pulp and coarse reject duplicates were selected for laboratory verification. The drill core was logged in detail by geologists utilizing a logging approach designed by senior technical managers. Logging and sampling was completed at a secure facility in Smithers, B.C. by Coast Mountain Geological Ltd. (CMG). Drill core was sawn in half on site and half drill-core samples were securely transported to the ALS Global prep facility in Terrace, B.C. The samples were dried, crushed to 70% (< 2 mm), split to 250g, and pulverised to 85% (<75 µm). Sample pulps were sent to the ALS Global lab in North Vancouver, B.C., for analysis. Gold analysis was by 30g Fire Assay with AA finish  and automatically re-analysed with Gravimetric finish if Au >5 g/t. Some samples underwent ore grade analysis using the Four Acid method. In addition, pulps underwent Multi-Element Analysis by ICP-AES. ALS Global is registered to ISO/IEC 17025:2017 accreditations for laboratory procedures.

Links to Figures

Figure 1:
http://sunsummitminerals.com/wp-content/uploads/2020/05/Buck_Drilling_Imagery_May2020_NR_sxns.jpg

Figure 2:
http://sunsummitminerals.com/wp-content/uploads/2020/05/Simplified_CrossSection_May2020_SectionA-scaled.jpg

Figure 3:
http://sunsummitminerals.com/wp-content/uploads/2020/05/Simplified_CrossSection_May2020_SectionB-scaled.jpg

Photo 1:
http://sunsummitminerals.com/wp-content/uploads/2020/05/Buck_CorePhotos.pdf

About San Marco

San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico.

The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region that includes many former and current operating mines. In addition, the Company’s portfolio includes the several prospective, early stage exploration properties in Mexico.

San Marco is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.

Further details are available on the Company’s website at sunsummitminerals.com

On behalf of the Board of Directors:

Robert Willis, P.Eng.
Executive Director

For further information, contact:

Nancy Curry
Corporate Communications

Sharyn Alexander, M.Sc.
VP Technical Services

info@sunsummitminerals.com

National Instrument 43-101 Disclosure
This news release has been approved by San Marco’s Executive Director, 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 verified the data disclosed, including sampling, analytical and test data, underlying such technical information.

Forward Looking Information
Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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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