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Rebecca Kerswell

Sun Summit Appoints Ken MacDonald As Vice President of Exploration

By 2022

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.

 

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Sun Summit Defines Strong Geophysical Anomaly At The Eagle Eye Zone, Buck Project, Central BC

By 2022

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.

 

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Sun Summit Completes 3,000 Metres of Drilling at the Buck Property, Central B.C.

By 2022

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 (AuEQ1,2) 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 AuEQ1,2 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 AuEQ1,2 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 AuEQ1,2 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).

  1. 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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Sun Summit Retains Acuity Advisory Corp For Communications and Advisory Services

By 2022

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.