Rebecca Kerswell

Vancouver, B.C. March 15, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF)  is pleased to announce that it has commenced drilling on two new high priority targets at the  43,000 hectare Buck Project, central British Columbia. 

Highlights 

• Initial 2,000 metre program: The drill program will include approximately 2,000 metres of diamond drilling at two newly delineated and previously untested drill targets (IRK and Eagle Eye), with substantial new discovery potential, based on recent exploration results (see news release dated February 8, 2023). This is the first drill program undertaken by  the Company outside of the Buck Main Zone.
• IRK Target: An initial 1,200 metres of drilling is planned to test anomalous silver, zinc,  lead and copper in soil and rock samples, which are spatially coincident with geophysical lineaments, interpreted to potentially represent structurally-controlled epithermal-related  Au-Ag-Zn vein mineralization. Drilling will systematically test the strongest coincident  anomalies across the broad IRK target.
  
• Eagle Eye Target: Approximately 800 metres of diamond drilling will focus on testing a strong high-chargeability anomaly associated with a broad zone of intense phyllic alteration interpreted to represent distal alteration related to a concealed porphyry target. Drilling will focus on testing the strongest coincidental anomalies at depth.
• Ongoing exploration: The Company is continuing with exploration targeting throughout  the project area, including Silverthorne, Morice Mountain, and Dungate South, which are  being refined to establish geologic model and scale in advance of final drill hole vectoring.  Additional targets at Buck Main are being developed, where a drill program conducted in  fall 2022 (see news release dated January 19, 2023) demonstrated strong ongoing  expansion potential. 

“This is a very exciting drill campaign at the Buck Project where we’ll be testing two new targets  that have never before been drill tested”, stated Sharyn Alexander, Sun Summit’s President. “The  potential for new discoveries on the project is very high and our systematic approach to  exploration targeting gives excellent potential to develop drill-worthy targets outside the existing  Buck Main mineralized zone. Drilling at these two new targets and continued development of  additional high priority exploration targets across the project area will provide steady news flow in  the near term.”

Drill Program 

Exploration crews have mobilized to the site and drilling is underway at the first target, Eagle Eye. After completion of approximately 800 metres of drilling at Eagle Eye, the drill will mobilize further  south to the IRK Zone where approximately 1,200 metres of drilling will be completed.  

The Eagle Eye target is located three kilometres southwest of Buck Main and is characterized by  a strong chargeability-high anomaly associated with outcropping quartz-sericite-pyrite (phyllic)  altered volcanic and intrusive rocks (Figure 1). The center of the chargeability-high anomaly is  also coincident with a broad magnetic-high anomaly interpreted to reflect a deep and concealed  magnetic source, such as a porphyry. 

Figure 1. Map showing drill target area at Eagle Eye 

The IRK target is located 11 kilometres south of Buck Main and is characterized by extensive  silver-zinc-lead-copper coincidental soil and rock geochemical anomalies associated with numerous N-S trending high-resistivity and high-chargeability lineaments (Figure 2), which could  indicate structurally-controlled epithermal-related Au-Ag-Zn vein mineralization 

Although mostly concealed by young till and soils, the IRK target is 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 (Artemis Gold Inc.) and high-grade  silver-base metal veins at Silver Queen (Equity Metals Corp.). 

Figure 2. Map showing drill target area at IRK 

National Instrument 43-101 Disclosure 

This news release has been approved by Sun Summit’s Vice President Exploration, Ken  MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards  of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has 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 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 the Buck Project 

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby  infrastructure that allows for year-round, road-accessible exploration.  

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc  system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones  of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade  mineralization has also been intersected near the center of Buck Main.  

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the  entire land package through systematic exploration programs.  

About Sun Summit 

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused  on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north central British Columbia. 

Sun Summit is committed to environmental and social responsibility, with a focus on accountable  development and building respectful and beneficial relationships with Indigenous and local  communities.  

Further details are available at www.sunsummitminerals.com. 

Link to Figures 

Figure 1: 

https://sunsummitminerals.com/wp-content/uploads/2023/03/Fig-1-EagleEye_Targeting_Mar_NR.jpg 

Figure 2: 

https://sunsummitminerals.com/wp-content/uploads/2023/03/Fig-2-IRK_Targeting_Mar_NR.jpg

For further information, contact: 

Sharyn Alexander 

President 

info@sunsummitminerals.com

Roger Blair 

Acuity Advisory Corp., Corporate Communications 

rblair@acuityadvisorycorp.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.

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Vancouver, B.C. March 1, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide an update from its property-wide targeting initiatives at the 33,000 hectare Buck Project, central B.C., including the identification of several new highly-prospective targets which are currently being ranked and prioritized.

Highlights

• Property-wide exploration outlines multiple underexplored zones with significant discovery potential: Systematic project-wide field exploration has resulted in the delineation of several exploration targets outside of the Buck Main mineralized system, two of which will be drilled this quarter (IRK and Eagle Eye; see news release from February 8, 2023).
• Silverthorne Target – Possible extension of the Buck Main system: The Silverthorne area is characterized by local outcropping zones of strong epithermal-style alteration and local polymetallic veining coincident with anomalous multi-element soil geochemistry, which could indicate a NW extension of the Buck Main epithermal-related mineralized system.
• Morice Mountain Target – Potential for epithermal-related mineralization: Anomalous gold+silver in silt samples, together with the presence of widespread propylitic alteration and local zones of strong phyllic alteration with associated quartz stockworks and sulfide-cemented breccias suggest the potential of a high-level epithermal system.
• Dungate South Target: Highly anomalous gold in silt samples from two separate creeks in the Dungate South area suggest potential for gold mineralization in the area. Silt samples are all located in drainages without known mineralization and represent new exploration opportunities. 
• Ongoing drill target advancement: These new targets are being systematically advanced and prioritized for specific target delineation and drill hole vectoring.

Sharyn Alexander, Sun Summit’s President stated: “Our technical team has done an excellent job in identifying an impressive pipeline of additional targets outside of the existing Buck Main zone, with the goal of advancing them to the drill-ready stage. Our 2022 property-wide exploration program successfully allowed us to advance drill targeting on two of these targets, IRK and Eagle Eye. Field exploration in 2023 is anticipated to result in the generation of additional opportunities across the Buck Project by utilizing various exploration techniques targeting mineralization under cover. I look forward to keeping the market updated on our progress at the Buck Property.”

Exploration Targets

Silverthorne Target

The Silverthorne target area lies immediately adjacent to the Buck Main system, approximately two kilometres to the west, and includes the previously identified CC, Gossan West, and Buck West zones (Figure 1). 

Airborne geophysical survey data show subtle NW-SE trending lineaments which broadly follow the mineralization trend at Buck Main along the Buck Structural Corridor (Figure 1). Anomalous silver in soil samples define several NW trending areas up to two kilometres in length, although some areas are thought to be obscured by overlying post-mineralization basalts. Anomalous rock samples taken along these lineaments also point to a NW-trend to the mineralization. Assay highlights include:

• R266334 – 633 g/t Ag, 0.36% Cu, 0.28% Zn
• B990482 – 302 g/t Ag, 0.47% Cu, 0.18% Zn
• B990484 – 162 g/t Ag, 0.25% Cu, 0.19% Zn

Figure 1. Silverthorne Target

This NW-trend is also seen in outcropping quartz-sulfide veins as well as alteration zones trending from Buck Main. Mapping and sampling at Silverthorne revealed clay±sericite±silica alteration and local quartz-sulfide veining coincident with anomalous soil geochemistry. Terraspec analysis of hand samples indicates alteration is transitioning from sericite-dominant at Buck Main to kaolinite-dominant at Silverthorne, which could indicate argillic alteration zoning commonly associated with epithermal gold mineralization.  

Several ranked targets have been identified at Silverthorne and will be investigated further in the coming field season, including the potential for a ground Induced Polarization (IP) survey.

Morice Mountain Target

The Morice Mountain target is located approximately eight kilometres west of Buck Main on the eastern slopes of Morice Mountain near the western edge of the Buck Project claims (Figure 2). Geological mapping revealed a broad zone of strong propylitic alteration and a locally broad sericite-silica altered zone with a stockwork of druzy quartz veins and disseminated pyrite. 

Stream sediment samples from eastern drainages on Morice Mountain, downslope from the mapped alteration and vein zones, display anomalous Au ± Ag; Sample F193415 returned results of 0.06 ppm Au, sample F193428 returned results of 0.26 ppm Au and 0.6 ppm Ag, and sample F193427 returned results of 0.25 ppm Au and 0.4 ppm Ag, values which are well above background based on regional stream sediment sampling programs.

Figure 2. Morice Mountain Target

The mapped alteration and veining in outcrop and anomalous geochemical sample results suggest the potential for a high-level epithermal system. The mineralization potential at Morice Mountain will be further investigated in the upcoming field season and will include surface sampling, prospecting and geological mapping.

Dungate South Target

The Dungate South target is located at the northeast corner of the Buck Property, approximately seven kilometres to the northeast of Buck Main, in an underexplored portion of the property (Figure 3). A first pass stream sediment sampling program resulted in two anomalous gold in stream sediment samples from two separate creeks. These samples were collected in an area of mapped Kasalka Group volcanic rocks (host rock group at Buck Main) and returned values ~60 times background: sample J030453 returned 0.73 ppm Au and sample J030455 returned 0.83 ppm Au. Neither sample appears to be derived from a drainage that connects to areas of known mineralization. Additionally, both creeks drain from sources on the Buck Property, suggesting that a bedrock source of the gold also occurs on the Buck Property. 

Figure 3. Dungate South Target

As no in-depth mapping or surface sampling has been completed in the Dungate South area, soil sampling, prospecting and geological mapping is warranted to determine if a mineralized bedrock source can be located.

Quality Assurance and Quality Control

Rock, soil, and stream sediment samples were shipped by a bonded courier in sealed and secure bags to the ALS Global preparation facilities in Kamloops, BC, or Whitehorse, YT. 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 accredited to ISO 9001/2015 and ISO/IEC 17025:2017 for specific analytical procedures.

Rock samples were analyzed for 33 elements by ICP-AES on a 0.25 gram sample using a four acid digestion (method ME-ICP61). 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.

Soil and stream sediment samples were first analyzed for 39 elements including As, Cu, Pb and Zn by an Olympus Vanta pXRF at the Houston core facility. The accuracy of Cu, Pb and Zn pXRF analyzes was monitored with OREAS 25a and 131b standards, using certified values. Following completion of the pXRF analyses at the core yard, samples were shipped to ALS prep facilities as noted above. Gold was analyzed by fire assay and AAS (Au-AA23) and silver was analyzed by aqua-regia digestion and AAS (Ag-AA45).

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has 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 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 the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration. 

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main. 

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs.

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Sun Summit Minerals (TSXV: SMN) is pleased to announce that the Company will be presenting at Red Cloud’s Pre-PDAC 2023 Mining Showcase. We invite our shareholders and all interested parties to join us.

The annual conference will take place in-person at the Sheraton Centre Toronto Hotel from March 2-3, 2023.

Sharyn Alexander will be presenting on March 3rd at 3:10 pm Eastern Standard time.

For more information and/or to register for the conference please visit: https://redcloudfs.com/prepdac2023/.

We look forward to seeing you there.

Vancouver, B.C. February 8, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report that recent systematic property-wide field exploration has resulted in the delineation of several high-priority drill targets at the Buck Project, central British Columbia. These targets are located outside of the Buck Main mineralized system, which has been the focus of recent drill programs.

Highlights

• Significant discovery potential across the project: Results from the multidisciplinary 2022 field program have outlined several high-priority drill targets in previously untested areas. Planning to drill the first two targets is underway.
• IRK Target – Extensive geochemical and geophysical footprint: Anomalous silver, zinc, lead and copper in soil samples together with rock samples with up to 1.7% Zn, 95 g/t Ag and 2.4% Cu are spatially coincident with NW-trending high-resistivity and high-chargeability lineaments and are interpreted to represent structurally-controlled epithermal-related vein targets.
• Eagle Eye Target – Potential for porphyry-style mineralization: A strong 500 metre by 500 metre high-chargeability anomaly associated with a broad zone of intense phyllic alteration is interpreted to represent distal alteration related to a concealed porphyry target.
• Additional drill target generation across the project: Additional drill targets are currently being prioritized at Silverthorne (CC Zone, Buck West), Morice Mountain, Echo and Dungate South zones.  
• Drill testing of the IRK and Eagle Eye targets to commence this quarter.
• 2023 will be a pivotal year for Sun Summit: The Company is planning a significant field program across the Buck Project aimed at discovery.

Sharyn Alexander, Sun Summit’s President stated: “The potential of these highly prospective new targets substantially enhances the Buck Project with multiple new drill-worthy targets for potential discovery outside of the existing Buck Main zone. Recent integration of geochemical and lithological/alteration data allowed us to rapidly define target models with large scale potential at both IRK and Eagle Eye, while several similar targets are being advanced for possible future drilling. The Company’s systematic exploration in 2022 assisted in the development of an extensive geological, geochemical, and geophysical dataset that has been instrumental in identifying and developing these prospective areas for project expansion. We have prioritized IRK and Eagle Eye to the drill-ready stage and have defined several high-priority targets within each for drill testing in an upcoming program. 

“We are fully permitted for drilling on these targets and look forward to another active exploration year, as we seek to expand the opportunities within the broader Buck Project area.”

Exploration Targets

IRK Target

The center of the IRK target, located 11 km south of Buck Main, consists of an extensive silver-zinc-lead-copper coincidental soil and rock geochemical anomaly associated with numerous N-S trending high-resistivity and high-chargeability lineaments generated by recent induced polarization (IP) surveys by the Company (Figure 1). Assay highlights of rock samples taken from outcrops located along these lineaments include:

• F192780 – 95 ppm Ag, 0.15% Cu, and 0.72% Zn in hydrothermal breccia with oxidized sulfides.
• F192757 – 25 ppm Ag, 2.4% Cu, 724 ppm Pb, and 1.1% Zn in silica-sericite altered volcanic rock.
• F192759 – 1.5 ppm Ag, 640 ppm Cu, and 0.1% Zn in carbonate-altered volcanic rock with hematite-pyrite veinlets.

Figure 1. IRK Target

Although mostly concealed by young till and soils, the IRK target is 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 (Artemis Gold Inc.) and high-grade silver-base metal veins at Silver Queen (Equity Metals). 

A series of drill holes are planned to systematically test the strongest coincident anomalies across the broad IRK target. 

The IRK IP grid consisted of seven 200 metre spaced, northeast oriented lines, and three 400 metre spaced lines, for a total of 23.7 km of surveyed lines. Readings were collected on 50 metre spaced dipoles near the centre of the target and on 100 metre space dipoles on the margins. 

Eagle Eye Target

The Eagle Eye target, three km southwest of Buck Main, is characterized by a strong chargeability-high anomaly (see November 24, 2022 news release) associated with outcropping quartz-sericite-pyrite (phyllic) altered volcanic and intrusive rocks (Figure 2). The center of the chargeability-high anomaly is also coincident with a broad magnetic-high anomaly interpreted to reflect a deep and concealed magnetic source. 

Taken together, the Eagle Eye target is interpreted to represent the surficial expression of a concealed porphyry system. Drilling will focus on testing the anomalies at depth. 

Figure 2. Eagle Eye Target

Exploration Drilling

The high-priority and drill ready IRK and Eagle Eye targets will be fully investigated and tested in the first quarter of 2023. Additional drill targets (e.g., Silverthorne, Morice Mountain, Echo and Dungate South) are being further explored to establish geologic model and scale and finalize drill hole vectoring. Details on these other targets and exploration plans for 2023 will be released in the coming weeks.

Quality Assurance and Quality Control

Rock samples were shipped by a bonded courier in sealed and secure bags to the ALS Global preparation facilities in Langley, 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.

Rock samples were analyzed for 33 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-ICP61). 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.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has 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 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 the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration. 

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the centre of Buck Main. 

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs. 

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities. 

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/02/Fig-1-IRK_Targeting_Feb_NR.jpg 

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/02/Fig-2-EagleEye_Targeting_Feb_NR.jpg 

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com 

Roger Blair

Acuity Advisory Corp., Corporate Communications

rblair@acuityadvisorycorp.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; variations in anticipated metal recoveries; 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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Vancouver, B.C. January 25, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report final drill results from its fall 2022 exploration drill program at the Buck Project, central B.C. The program consisted of 10 diamond drill holes totalling approximately 3,000 metres. 

The focus of the drill program was to test the expansion potential of the Buck Main gold-silver-zinc epithermal-related system along strike and at depth, with step-out distances between 50 to 100 metres. Results from this phase of drilling successfully demonstrates strong expansion potential for both disseminated and high-grade gold-silver-zinc mineralization beyond the existing extent of the known Buck Main zone to the west, northwest and south of previous drill programs. The newly expanded zone of mineralization remains open in multiple directions and is expected to see further step-out drill testing in the next phase of drilling.

Highlight intervals include:

• Hole BK22-080, drilled into an untested area, significantly opens the expansion potential of near-surface gold-silver-zinc mineralization to the northwest: 
  • 81.2 metres of 0.58 g/t Au, 11.8 g/t Ag and 0.08% Zn,
    including 10.1 metres of 1.4 g/t Au, 26.6 g/t Ag and 0.20% Zn

• • 5.6 metres of 1.18 g/t Au, 43.9 g/t Ag and 0.34% Zn,
    including 1.1 metres of 5.5 g/t Au, 208 g/t Ag and 1.5% Zn

• • • This high-grade interval is located ~250m to the northwest of drill hole BK22-083 (see January 19, 2023 news release) which intersected 7.0 metres of 6.4 g/t Au, 27.6 g/t Ag, and 1.1% Zn, including 1.1 metres of 38.0 g/t Au, 137.0 g/t Ag, and 5.9% Zn.

• Hole BK22-077 extends broad zones of strong gold-silver-zinc mineralization intersected in previous holes to the south:
  • 54.6 metres of 0.83 g/t Au, 9.2 g/t Ag and 0.21% Zn,
    including 3.0 metres of 6.06 g/t Au, 62.5 g/t Ag and 0.52% Zn

• Hole BK22-079 represents the largest step-out to the west and extends the footprint of mineralization at Buck Main to over one kilometre along strike:
  • 4.7 metres of 0.91 g/t Au, 17.3 g/t Ag and 0.66% Zn,
    including 1.1 metres of 3.4 g/t Au, 68.6 g/t Ag and 2.05% Zn

• • 1 metre of 5.1 g/t Au, 2.7 g/t Ag and 0.56% Zn at bottom of hole

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.   Actual values may slightly differ from Table 1 due to rounding.

“We are very encouraged by results from all holes drilled during our last drill program, particularly holes BK22-080 and BK22-079.” stated Sun Summit’s President, Sharyn Alexander. “These holes tested new areas, previously undrilled, and expanded the known footprint of gold-silver-zinc mineralization. 

Our primary goal for the fall 2022 drill program at Buck Main was to investigate the scale potential along strike, primarily to the west, south and northwest of previous drilling. We hit mineralization in all but one step-out hole and consider the program to be an outstanding success. We now have multiple compelling target areas for ongoing exploration and drilling and anticipate an aggressive exploration campaign for 2023. Our next phase of exploration at the Buck Project will include additional step-out drilling at Buck Main, which remains open for possible expansion potential in multiple directions, and activating plans for other high-priority drill targets elsewhere on the property that could lead to additional discoveries.” 

Table 1. Assay Results

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. Actual values may slightly differ from Table 1 due to rounding.
4. Gold Equivalent (AuEq) calculations use metal prices of $1795/oz Au, $22.55/oz Ag and $1.325/lbs Zn using the equation: AuEq(g/t) = ((Au(g/t) x $Au/oz x 0.032151) + (Ag(g/t) x $Ag/oz x 0.032151) + (Zn% x $Zn/lbs x 22.0462)) / ($Au/oz x 0.032151). The Company has used conceptual metallurgical recoveries of Au 85%, Ag 65%, and Zn 95% based on assumptions that it believes to be reasonable in the circumstances. There is no guarantee, however, that the actual metal recoveries determined from metallurgical testing will be the same as the conceptual recoveries used to determine the AuEq.

Drill Program

The primary objective of the fall 2022 drill program at Buck Main was to investigate the lateral and vertical extents of near-surface gold-silver-zinc mineralization covering the mineralized footprint outlined so far over an east-west strike length of one kilometre and an approximate width of 600 metres. A total of 10 diamond drill holes were completed over 3,000 metres, two of which were terminated early due to poor ground conditions (see January 19, 2023 news release). Most holes were drilled on similar sections as previous drill programs to better facilitate modelling and structural interpretation. All five holes in this release were drilled on the western side of the Buck Main system with step-out distances between 50 to 100 metres from previous drilling (Figure 1).

Figure 1. Map showing drill collar locations with selected highlights

Hole BK22-080, collared on the same section as BK22-070 and drilled to the northeast (Figure 2), was designed to test a previously undrilled broad zone of strong gold-in-soil anomalism. The hole collared in strong disseminated mineralization highlighted by an interval of 81.2 metres of 0.58 g/t Au, 11.8 g/t Ag and 0.08% Zn including 10.1 metres of 1.4 g/t Au, 26.6 g/t Ag and 0.20% Zn from surface. The hole successfully defined a new zone of near-surface disseminated gold-silver-zinc mineralization that remains open in most directions. Additional drilling is clearly warranted to the northwest of Buck Main (Figure 1).  

Holes BK22-076, -077 and -078 were collared on the same section as holes BK22-072 and BK22-083 (Figure 3; see May 3, 2022 and January 19, 2023 news releases) and were drilled to the southwest. The holes were designed to test for the southern extent of gold-silver-zinc mineralization previously intersected in BK22-070 and -072 and to investigate lithological controls on mineralization. Drill hole BK22-083 (see January 19, 2023 news release) clearly demonstrated the high grade potential of the section, which intersected 7.0 metres of 6.4 g/t Au, 27.6 g/t Ag, and 1.1% Zn, including 1.1 metres of 38.0 g/t Au, 137.0 g/t Ag, and 5.9% Zn. Numerous broad zones of disseminated and veinlet-hosted sulfide mineralization were intersected in holes BK22-076 and -077, yielding intervals such as 54.6 metres of 0.83 g/t Au, 9.2 g/t Ag and 0.21% Zn including 3.0 metres of 6.06 g/t Au, 62.5 g/t Ag and 0.52% Zn in BK22-077 (Table 1). Hole BK22-078 collared in altered but unmineralized volcanic and sedimentary rocks, likely part of the hanging wall to the Buck Main system.

Hole BK22-079 represents the largest step-out drilled along strike west of the Buck Main system. The hole intersected multiple zones of gold-silver-zinc mineralization highlighted by 4.7 metres of 0.91 g/t Au, 17.3 g/t Ag and 0.66% Zn including 1.1 metres of 3.4 g/t Au, 68.6 g/t Ag and 2.05% Zn at 223.6 metres, and 1 metre of 5.1 g/t Au, 2.7 g/t Ag and 0.56% Zn at the bottom of hole. The hole extends the strike-length of the Buck Main system to over one kilometre east-west and defines a new target to test in upcoming drill programs.  

Figure 2. Cross section 4450 showing selected highlights

Figure 3. Cross section 4350 showing selected highlights

Table 2. Drill Collar Locations

Coordinates are in UTM NAD83 Zone 9N

Upcoming Sun Summit Events

• January 23-26, Vancouver AME Roundup
  • BC, Yukon and Alaska Session, Technical Talk January 26 at 9:45 am
• January 29 to 30, Vancouver Resource Investment Conference (VRIC)
  • Booth # 309
  • Corporate Presentation January 30: Workshop 2 at 1:30 pm
• February 11 to 12, Whistler Capital Event (CEM)

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 by a bonded courier in sealed and secure bags to the ALS Global preparation facilities in Langley, 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 33 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 a rigorous internal QA / QC program that includes the insertion of duplicates, standards and blanks into the sample stream. 

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has 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 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 and building respectful and beneficial relationships with Indigenous and local communities. 

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/01/Fig1_Buck_Drilling_Overview_Jan25-NR.jpg 

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/01/Fig2_Buck_Sxn_4450_Jan25-NR-final.jpg 

Figure 3:

https://sunsummitminerals.com/wp-content/uploads/2023/01/Fig3_Buck_Sxn_4350_Jan25-NR-final.jpg 

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com 

Roger Blair

Acuity Advisory Corp., Corporate Communications

rblair@acuityadvisorycorp.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; variations in anticipated metal recoveries; 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.

VIEW PDF

Vancouver, B.C. January 19th, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report drill results from the first five holes of its fall 2022 exploration drill program on its Buck Project, central B.C. The program consisted of 10 diamond drill holes totalling approximately 3,000 metres. 

The focus of the drill program was to test the extent of the Buck Main gold-silver-zinc epithermal-related system along strike and at depth. Analytical results from the first five expansion holes indicate the presence and continuity of gold-silver-zinc epithermal-related mineralization beyond the previously tested Buck Main mineralized system. Three of the westernmost holes intersected broad zones of strong gold-silver-zinc mineralization with numerous higher-grade intervals. 

Highlights from the first 5 holes include:

• Hole BK22-083: 
  • 72.0 metres of 0.5 g/t Au and 10.0 g/t Ag,
  • including 4.2 metres of 3.1 g/t Au and 53.8 g/t Ag;
  • 7.0 metres of 6.4 g/t Au and 27.6 g/t Ag,
  • including 1.1 metres of 38.0 g/t Au and 137.0 g/t Ag.

• Hole BK22-082: 
  • 37.3 metres of 0.7 g/t Au and 10.9 g/t Ag, including 1.5 metres of 11.8 g/t Au and 39.2 g/t Ag, before the hole was lost in bad ground.
    
• Hole BK22-081: 
  • 27.0 metres of 0.4 g/t Au and 14.9 g/t Ag before the hole was lost in bad ground.
• Results demonstrate strong expansion potential for both disseminated and high-grade gold-silver-zinc mineralization to the west and to the south of previous drill programs.

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.   Actual values may slightly differ from Table 1 due to rounding.

Sharyn Alexander, Sun Summit’s President, stated: “Our goal for the fall 2022 drill program at Buck Main was to investigate lithologic and structural controls on gold-silver-zinc mineralization as well as scale potential along strike, primarily to the west and south of where our previous drilling defined new zones of mineralization. Initial results from these five holes appear to support our objective and demonstrate the potential for expansion. With every new step out hole we gain valuable insight into the Buck Main system which helps us better plan for the next phase of drilling. Analytical results from the remaining five holes conducted in this drill program are expected shortly and will be reported as they become available.” 

Table 1. Assay Results

* Hole terminated early due to bad ground conditions 

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.   Actual values may slightly differ from Table 1 due to rounding.

Drill Program

The primary objective of the fall 2022 drill program at Buck Main was to investigate the lateral and vertical extents of near-surface gold-silver-zinc mineralization covering a known east-west strike length of one kilometre. A total of 10 diamond drill holes were completed over 3,000 metres, two of which were terminated early due to bad ground conditions. Most holes were drilled on similar sections as previous drill programs to better facilitate modeling and structural interpretation.

Three of the five holes in this release were drilled to the west of previous step-out holes (e.g., holes BK21-059, -065 and BK22-070, -072, Figure 1) to test for depth as well as southern and western mineralization extents. The two remaining holes, designed to test for mineralization potential below basalt cover rocks, were drilled on the eastern side of Buck Main.

Figure 1. Map showing drill collar locations with selected highlights

Hole BK22-083 was collared to the southwest of BK22-072 (see May 3, 2022 news release). The hole was designed to test for the western extent of strong gold-silver-zinc mineralization intersected in BK22-070 (see May 3, 2022 news release) as well as test for vertical continuity of mineralization. Numerous broad zones of disseminated and veinlet-hosted sulfide mineralization were intersected and yielded intervals such as 6.4 g/t Au and 27.6 g/t Ag over 7.0 metres, including 38.0 g/t Au and 137.0 g/t Ag over 1.1 metres. This hole successfully extended mineralization 40 metres to the west from hole BK22-072. 

Holes BK22-081 and -082 were drilled to the southwest and were designed to test for the southwestern extent of mineralization previously intersected in holes BK21-059 and -065 (see February 22, 2022 news release). Both holes collared in strong disseminated mineralization highlighted by 0.7 g/t Au and 10.9 g/t Ag over 37.3 metres, including 11.8 g/t Au and 39.2 g/t Ag over 1.5 metres in BK22-082. Both holes were terminated early due to bad ground conditions. Together with the top of BK21-059, both holes successfully defined a zone of near-surface mineralization with open depth potential to the south. 

Two holes were also drilled east of the known limits of the Buck Main zone. Holes BK22-084 and BK22-085 were collared east of BK22-075 (see June 1, 2022 news release). Both holes bottomed in mineralized rocks and returned numerous intervals of broad gold-silver-zinc mineralization (e.g., 0.5 g/t Au and 15.0 g/t Ag over 15.5 metres in BK22-084, and 0.7 g/t Au and 5.4 g/t Ag over 15.0 metres of in BK22-085) and suggest the main epithermal-related system extends below basalt cover eastward. Additional drilling is warranted to fully investigate the eastern and northeastern lateral extent of the Buck Main system.

Figure 2. Cross section showing selected highlights

Table 2. Drill Collar Locations

Coordinates are in UTM NAD83 Zone 9N

Upcoming Events

• January 23 to 26, AME Roundup, Vancouver
  • January 23 to 24: Exhibition Hall Booth # 89
  • January 23 to 24: Core Shack Booth # 922
  • January 26: BC, Yukon and Alaska Session, Technical Talk at 9:45 am
• January 29 to 30, Vancouver Resource Investment Conference (VRIC), Vancouver
  • Booth # 309
  • Corporate Presentation January 30: Workshop 2 at 2 pm

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 Langley, B.C., by bonded courier. 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 a rigorous internal QA / QC program that includes the insertion of duplicates, standards and blanks into the sample stream. 

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has 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 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 and building respectful and beneficial relationships with Indigenous and local communities. 

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/01/Buck_Drilling_Overview_Jan19-NR-final-No-AuEq.jpg

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/01/Buck_Sxn_4400_Jan19-NR-final_No-Au-Eq.jpg

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com 

Roger Blair

Acuity Advisory Corp., Corporate Communications

rblair@acuityadvisorycorp.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; variations in anticipated metal recoveries; 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.

VIEW PDF

Vancouver, B.C. December 1st, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the appointment of Ken MacDonald as Vice President of Exploration, effective immediately.

Ken is a registered professional geologist with 35 years of experience in the mining sector, including work as a consulting exploration geologist, as a senior project manager for a Canadian engineering company, and as a senior permitting official with the Mines Branch of the B.C. government. He is also a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. 

Ken has managed and participated in a wide range of exploration projects in varied terrain, principally in Western Canada, and has international experience in Mexico and South America. He has been responsible for design and implementation of exploration programs from grass-roots to advanced drill definition. He has also managed or participated in mine scoping, preliminary economic assessments, pre-feasibility and feasibility projects, bulk sample projects, and environmental assessments. He was responsible for all mine permitting for the Mt. Milligan open pit copper-gold mine. 

Sharyn Alexander, President of Sun Summit, commented “We are very pleased to have Ken join the Company as Vice President of Exploration. The Buck Project is at a pivotal phase of advancement, where the compilation and review of newly attained data will be critical in establishing the next phases of work. Ken’s project management experience and geological expertise will optimize the systematic advancement of the project towards new discoveries and expansion. We are excited to have someone with his experience leading the technical team.”

Ken MacDonald added “I look forward to working with the executive leadership and technical team to execute on the technical priorities at the Buck Project while contributing to the overall corporate strategic plan. I support the strong corporate commitment Sun Summit has made to enhancing a culture of health, safety and environmental protection on a project that has such great growth potential.”

Ken will lead the Company’s technical team and manage all aspects of exploration as well as assist with maintaining business relationships with stakeholders, contractors, governments and local communities.

In connection with his appointment, the Company has granted Mr. MacDonald a stock option to purchase 150,000 common shares. The option, which vests immediately, is exercisable for up to five years at a price of $0.16 per share.

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.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com 

Roger Blair
Acuity Advisory Corp., Corporate Communications
rblair@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.

VIEW PDF

Vancouver, B.C. November 24, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report the identification of a strong high-chargeability and coincident high-resistivity anomaly at the Eagle Eye target from its recently completed Induced Polarization (IP) geophysical survey. This IP survey was part of a systematic exploration program across the 33,000 hectare Buck Project, central British Columbia.

Highlights

• Completion of IP geophysical survey: A 34 line kilometre (km) IP geophysical survey was conducted at the Eagle Eye and IRK targets.
• Identification of a broad geophysical anomaly at Eagle Eye: A sizeable coincident high-chargeability and high-resistivity anomaly has been identified in preliminary IP results suggesting potential for sulfide-related mineralization. This geophysical signature is similar to that found at the Buck Main target.
• Property-wide exploration program now complete: Recent exploration at the Buck Project included systematic geochemical sampling, geophysical surveying, and the completion of 3,000 metres of diamond drilling in eight holes (see news release dated November 8, 2022). Assay results from drill core, rock, silt and soil samples are pending.
• Drill target generation across the project: The results of the IP survey, as well as the results from geochemical sampling, will be used to delineate additional high-priority drill targets at these untested areas.

“Results from the recently completed IP survey further confirm that additional prospective targets likely exist throughout the Buck Project, and ongoing systematic exploration has the potential to identify and advance these new targets to drill-ready stage. The coincident geophysical anomalies, favourable lithologies, and sulfide-mineralized showings at Eagle Eye are indicators of the high prospectivity at this untested target. As we await final IP results and interpretation from the IRK grid, as well as all assay results from our property-wide soil, silt and rock geochemical surveys, we will be equipped to evaluate all the available data to best define new high-priority drill targets for the resumption of drilling Buck.” stated Sharyn Alexander, President of Sun Summit.

Figure 1. IP chargeability map showing 100 m depth slice through the Eagle Eye zone

Eagle Eye Geophysics

The Eagle Eye target consists of multiple, broad high-resistivity anomalies identified in Versatile Time Domain Electromagnetic (VTEM) geophysical data (see news release dated August 11, 2022), which cover an area of approximately 3.0 by 2.5 kms. A strong, near-surface, high-chargeability anomaly has now been defined, which is locally coincident with the southeastern resistivity anomaly (Figure 1). Strongly quartz-pyrite altered volcanics and intrusive rocks have been observed in the east-west trending ravine that transects the target. The new IP geophysical data corroborates the 2004 survey data and suggests the highly-chargeable, potentially sulfide-related bedrock source covers an area of roughly 700 by 600 metres (Lloyd, 2004). The target area is also coincident with a broad zinc and arsenic soil geochemical anomaly (see news release dated September 22, 2022). Further exploration, including drill testing, is required to follow-up the target with the aim of investigating the source of the geophysical anomalies.

The Eagle Eye IP grid consisted of four 100 metre spaced, east-west oriented lines, as well as a reconnaissance east-west oriented line located 550 metres to the north, for a total of 10.3 km of surveyed lines. Readings were collected on 100 metre spaced dipoles.

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 he 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

https://sunsummitminerals.com/wp-content/uploads/2022/11/Fig-1-Buck-EE-IP-Nov-NR-scaled.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com 

Roger Blair
Acuity Advisory Corp., Corporate Communications
rblair@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.

VIEW PDF

Vancouver, B.C. November 8th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide an update on the Company’s exploration drill program at the 33,000 hectare Buck Project, central British Columbia. Drilling conducted in the latest drill program has successfully extended the footprint of near-surface sulfide-related mineralization at the Buck Main zone.

Highlights

• Over 3,000 metres of diamond drilling in eight holes have so far been completed at Buck Main: All holes successfully intersected multiple zones of disseminated, breccia- and/or vein-hosted sulfide mineralization. 
• Drill holes were predominately step-outs: Holes were designed to investigate the lateral extent of near-surface gold-silver-zinc mineralization (see news release September 8, 2022).
• System remains open: Holes covering an east-west strike length of over 1,000 metres have now intersected broad zones of sulfide mineralization. 
  • Six new holes were drilled on the western side of Buck Main targeting known zones of disseminated and vein-hosted mineralization (e.g., BK22-070; 1.09 g/t gold equivalent (AuEQ^1,2) over 73.5 metres³; see news release May 3, 2022).
  • Two new holes were drilled on the eastern side of Buck Main targeting eastward extensions of breccia-hosted and bulk-tonnage style disseminated mineralization (e.g., BK22-075; 1.08 g/t AuEQ^1,2 over 63.5 metres³; see news release June 1, 2022).
• Assay and geochemical analyses underway: Core samples from all recently completed holes have been sent to the lab for assay and geochemical analyses and will be reported once received and reviewed. Assay results will provide important information for follow up drill planning and targeting.
• Ongoing geophysical survey at priority target areas: An Induced Polarization (IP) geophysical survey is ongoing at the IRK and Eagle Eye targets to investigate potential zones of strong sulfide-related mineralization. 
• Drill target generation across the project: The results of the IP survey, as well as the results from geochemical sampling, will be used to delineate high-priority drill targets elsewhere on the property.

Sharyn Alexander, President of Sun Summit, stated, “We are very pleased with our drill progress this season. We have selected key areas at Buck Main and tested the extent of known mineralized zones. Buck Main is a complex hydrothermal system and the data from these systematic step-out holes will form a critical dataset required to target additional potential extensions. We anticipate drilling to recommence once all drill data is received and reviewed. 

“In addition, we eagerly await the results from our ground IP geophysical survey over the IRK and Eagle Eye target areas. Data from these surveys will allow us to better delineate high-priority drill targets at these untested areas.”

Figure 1. Fall 2022 Drill Program at Buck Main

Drill Program

Sun Summit has completed over 3,000 metres in eight diamond drill holes at Buck Main as part of the Company’s fully-funded fall 2022 program (see news release September 8, 2022). This program followed-up several successful drill campaigns totalling 75 diamond drill holes over 27,000 metres. Epithermal-related gold-silver-zinc mineralization has been intersected in drill holes at Buck Main covering a strike length of over one kilometre and the system remains open in all directions (Figure 1).

Six drill holes tested the western side of the Buck Main zone. The holes targeted western strike-extensions of disseminated and vein-hosted pyrite-sphalerite mineralization hosted in quartz-sericite altered volcaniclastic breccias and stratified intermediate volcanic and sedimentary rocks. These western holes were designed to follow-up on the recent significant discovery of strong gold-silver-zinc mineralization (e.g., BK22-070; 1.09 g/t AuEQ over 73.5 metres, see news release May 3, 2022; and BK21-025; 1.04 g/t AuEQ^1,2 over 62.0 metres³, see news releases June 10, 2021 and February 22, 2022) and test for possible extensions.

Two holes were also drilled on the eastern side of the Buck Main zone. The holes targeted eastward extensions of disseminated pyrite-sphalerite mineralization hosted primarily in dacitic volcaniclastic breccias. The holes were collared over 100 metres from  previously reported significant intervals (e.g., BK21-033; 0.87 g/t AuEQ^1,2 over 409 metres³ including 1.1 g/t AuEQ over 265 metres, see news release February 22, 2022, and BK22-075; 1.08 g/t AuEQ over 63.5 metres, see news release June 1, 2022).

Core samples from the drill holes are currently being analyzed at the lab and assay results will be released once they are received, modelled, and interpreted. Drilling will continue at Buck Main upon receipt of these results, which will be used to prioritize follow-up drilling. 

Geophysical Survey

Over 30 line-kilometres of IP geophysical data has been acquired at the IRK and Eagle Eye target areas. Results and associated inverted chargeability and resistivity models from the surveys, together with results from the recently completed soil geochemical surveys, will inform drill targeting elsewhere on the property.

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.

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.

Notes:

1. Calculations were uncut and length-weighted using a 0.10 g/t gold cut-off.
2. AuEq assumed 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).

3. Intervals were downhole core lengths. True widths are unknown.

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/2022/11/Fig1_Buck_Drilling_Nov_NR-v2.jpg 

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com

Tel. 778-588-9606

Roger Blair

Acuity Advisory, Corporate Communications

rblair@sunsummitminerals.com 

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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Vancouver, B.C., November 4, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) has retained Acuity Advisory Corp. of Vancouver, BC to provide communications and advisory services commencing November 3, 2022. 

Acuity was founded in 2022 to provide assistance to Canadian and U.S. listed companies with their corporate communications. Acuity’s founders and principals, Jeffrey Wilson and Roger Blair have over 25 and 22 years of experience respectively, in public markets, bringing to Sun Summit extensive experience in investor relations and corporate communications, within the global mining industry. Acuity’s network encompasses North American and international investors, consisting of institutional and retail investors, retail advisors, investment bankers, mining analysts, high net worth individuals and strategic investors.

Acuity will be paid a fee of $10,000 per month for its services until December 31, 2022, after which the fee will be $12,000 per month, which fee will be paid from the Company’s working capital. The retainer has an initial term of six months, which will continue thereafter on a monthly basis and may be terminated at any time on 30 days notice by either Acuity or Sun Summit.

Sun Summit has granted to Acuity’s shareholders options to purchase an aggregate of 200,000 shares for five years at a price of $0.16 per share. Each option vests at the rate of 50,000 shares every three months, commencing three months from granting. Acuity and its shareholders have advised Sun Summit that they do not currently own any shares of the Company nor do they have any right to purchase shares other than an option to purchase 100,000 shares from the Company at $0.25 per share until July 11, 2027 held by Jeffrey Wilson. 

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

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