Rebecca Kerswell

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.

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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.

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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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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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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.