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2022

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

By 2022

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

Highlights

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

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

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

Exploration Program

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

Figure 1. Buck Project exploration target areas

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

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

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

National Instrument 43-101 Disclosure

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

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

References

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

Community Engagement 

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figure

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

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

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

By 2022

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

Highlights

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

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

Geophysical Survey

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

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

Data Compilation and Interpretation

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

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement 

Sun Summit is engaging with First Nations on whose territory the Buck Property is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

 

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Sun Summit Grants Stock Options

By 2022

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

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com 

Tel. 778-588-9606

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

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

By 2022

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

Highlights

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

Sharyn Alexander, Sun Summit’s President, stated:

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

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

Geophysical Survey

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

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

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

Figure 1. Map showing the survey area

References

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

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified any data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Property is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

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

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

For further information, contact:

Sharyn Alexander
President

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

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

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Sun Summit announces final winter 2022 drilling results on Buck Property; Drills 29.17 g/t gold equivalent over 1.0 metre within 3.11 g/t gold equivalent over 13.2 metres at Buck Main, demonstrating strong high-grade potential

By 2022

Vancouver, B.C. June 1st, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report the final drill results from its winter 2022 exploration drill program on its Buck Property, central B.C.

Highlights:

  • Intersected multiple zones of high-grade and bulk-tonnage style mineralization near the centre of Buck Main:
    • BK22-069:
      • 29.17 grams per tonne (g/t) gold equivalent (AuEq) over 1.0 metre within 3.11 g/t AuEq over 13.2 metres, within broader zone of 0.91 g/t AuEq over 69.8 metres.
    • Mineralization open in all directions: The broad zone of vein-hosted, high-grade intercepts, central to Buck Main, is unconstrained both laterally and at depth and open for expansion in all directions.
  • Multiple broad intervals of near-surface, bulk-tonnage style mineralization identified on the eastern side of Buck Main: New drilling demonstrates strong grade continuity.
    • BK22-067:
      • 2.68 g/t AuEq over 11.3 metres within a broad zone of 0.98 g/t AuEq over 67.6 metres
    • BK22-075:
      • 2.22 g/t AuEq over 6.0 metres within a broad zone of 1.08 g/t AuEq over 63.5 metres

Notes:

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

Sharyn Alexander, Sun Summit’s President, stated: “The high-grade intersections in drill holes BK22-068 and -069 supports our strong view that the Buck Main system has significant high-grade gold potential. These holes were designed to target high-grade gold-silver-zinc mineralization central to the system as outlined in previous programs – highlighted by discovery hole BK20-012. The remaining holes targeted bulk-tonnage style mineralization on the eastern side of Buck Main and were successful in identifying broad zones of disseminated mineralization in previously untested areas, outlining considerable exploration potential. Planning for the summer exploration season is ongoing and we look forward to additional step-out drilling at Buck Main as well as following up on exploration targets throughout our large property package.”

The nature of the high-grade mineralization at Buck Main is complex, hosted in discreet veins and veinlets with numerous orientations all within broad zones of structural complexity. Based on new observations and assay results, together with results from the previous grid-based program, the comprehensive structural model is being refined to better inform the system-scale orientations of preferential grade-controlling structures.

In addition to the considerable exploration potential west of Buck Main discovered in three step-out holes (see news release dated May 3rd, 2022), the extent of near-surface bulk-tonnage style mineralization on the eastern-side of Buck Main represents an important target. All holes drilled in this area, as well as holes north of Bob Creek in the same host rocks, have so far intersected significant zones of disseminated and local breccia-hosted mineralization. Continued efforts will be focused on investigating the limits of this significant footprint of widespread mineralization.

Table 1. Assay Results

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

 

Drill Program

Holes BK22-068 and -069 targeted high-grade, structurally controlled mineralization as well as broad zones of disseminated gold-silver-zinc mineralization near the centre of the Buck Main epithermal-related system (Figure 1). The holes were designed to investigate the extent and continuity of high-grade gold-silver-zinc mineralization intersected in previous programs (e.g., BK20-012: 5.89 g/t AuEq over 17.0 metres including 23.10 g/t AuEq over 3.0 metres, and BK21-020: 31.75 g/t AuEq over 4.0 metres including 247 g/t AuEq over 0.5 metres; see news releases dated January 5th, 2021, and May 11th, 2021). The holes tested a broad gap in drilling above and below BK20-012 (Figure 2). Based on updated geological modelling, prior to this program, a westerly azimuth was chosen for these holes.

Figure 1. Map showing drill collar locations with selected highlights

Figure 2. EW cross section showing selected highlights

BK22-068, drilled towards the west (Figure 2), intersected multiple zones of strong gold-silver-zinc mineralization starting at the collar and throughout the entire hole highlighted by 1.16 g/t AuEq over 13.6 metres and 1.02 g/t AuEq over 27.9 metres, including 7.09 g/t AuEq over 1.5 metres, and bottomed in 0.75 g/t AuEq over 7.3 metres (Table 1). BK22-069 was collared 45 metres west of BK22-068 and was drilled at a similar azimuth and dip. The hole collared in mineralization and intersected numerous broad zones of gold-silver-zinc mineralization highlighted by 3.11 g/t AuEq over 13.2 metres within broad zone of 0.91 g/t AuEq over 69.8 metres. This broad interval included a high-grade intercept of 29.17 g/t AuEq over 1.0 metre associated with vein-hosted quartz-carbonate-sulfide mineralization.

Mineralization in both holes is hosted in a sequence of andesites and sedimentary rocks cut by northwest-trending quartz-feldspar porphyritic dykes. Higher-grade intervals (Table 1) are hosted in local quartz + carbonate + sulfide veins associated with broad zones of quartz + sericite + pyrite alteration.

Holes BK22-068 and 069 were drilled at different azimuths compared to the previous grid-based drilling completed in late 2021 (see news releases dated January 5th, 2022 and February 22nd, 2022). The aim was to investigate the potential of oblique and/or conjugate structures within the wider east-west trending Buck structural corridor. Veins along these orientations would have been missed during the previous grid-based program, which was drilled with northeast orientations. New insights into this structurally complex zone are being incorporated into the model to inform the next round of drilling, both within and peripheral to the Buck Main system.

Holes BK22-067, 073, 074 and 075 targeted bulk-tonnage style mineralization on the eastern side of Buck Main where previous drilling intersected broad zones of near-surface, strong gold-silver-zinc mineralization hosted in dacitic volcaniclastic rocks (e.g., BK21-017: 1.25 g/t AuEq over 241 metres including 2.36 g/t AuEq over 45 metres, and BK21-032: 1.03 g/t AuEq over 187 metres including 4.38 g/t AuEq over 12.3 metres; see news release dated February 22nd, 2022). Hole BK22-067 was drilled to the east and tested for mineralization continuity below previous drilling and intersected 0.98 g/t AuEq over 67.6 metres including 2.68 g/t AuEq over 11.3 metres associated with disseminated and clotted sphalerite and pyrite. Similarly, hole BK22-075 tested for mineralization continuity above previous drilling and intersected 1.08 g/t AuEq over 63.5 metres including 2.22 g/t AuEq over 6.0 metres. Hole BK22-073 was a step-out hole collared 130 metres southeast of BK20-010 and intersected numerous zones of disseminated gold-silver-zinc mineralization (Table 1) in a previously untested area. Additional drilling to the south and east is warranted.

Table 2. Drill Collar Locations

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program. Drill core was sawn in half at Sun Summit’s core logging and processing facility in Houston, B.C. Half of the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Kamloops, Langley or North Vancouver, B.C. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30 gram sample.  Samples with >100 ppm silver were re-analyzed using a four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using a four acid digestion and ICP-AES finish.

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

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

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Property is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

Corporate Communications Contract Terminated

Sun Summit also advises that it and Jasper Gatrill and have mutually agreed to terminate his corporate communications services contract announced April 14, 2022.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/05/SunSummit_BuckMainPlanMap_Updated-scaled.jpg

Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2022/05/SunSummit_BuckMainCrossSectionMap_Updated.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

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

By 2022

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

Highlights

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

Notes:

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

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

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

Figure 1. Map showing drill collar locations with selected highlights

Drill Program

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

Figure 2. Cross section 4350 showing selected highlights

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

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

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program. Drill core was sawn in half at Sun Summit’s core logging and processing facility in Houston, B.C. Half of the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Kamloops, Langley or North Vancouver, B.C. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30 gram sample.  Samples with >100 ppm silver were re-analyzed using a four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using a four acid digestion and ICP-AES finish.

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

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

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Property is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

Health and Safety

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

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

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

Figure 2:

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

For further information, contact:

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

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

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Sun Summit AGM & Corporate Update

By 2022

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

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

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

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

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

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

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

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

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

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

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Sun Summit Retains Jasper Gatrill for Corporate Communications

By 2022

Vancouver, B.C. April 14th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces it has retained Jasper Gatrill of Vancouver, B.C. to provide corporate communications services commencing April 1, 2022.

Mr. Gatrill has held various corporate communications consulting roles with TSX-V and CSE listed companies. Prior thereto he held positions with two national brokerage firms and worked as a manager and analyst in Listed Issuer Services of the TSX Venture Exchange. Mr. Gatrill is a Chartered Financial Analyst (CFA) and earned his B. Comm. (Finance) from the University of British Columbia.

Mr. Gatrill commented, “Sun Summit is a first-rate mineral exploration company and I am pleased to be joining at an opportune time. Its gold-silver-zinc Buck project is located in a safe jurisdiction with incredible infrastructure including rail, power and road access that facilitates year-round drilling. With a strong management/technical team having recently closed a $6,000,000 financing, the Company intends to complete a significant drill program in 2022 to follow up on last year’s drilling success. I look forward to working with one of the best junior exploration groups.”

Sun Summit has granted Mr. Gatrill an option to purchase 200,000 shares for a period of three years at a price of $0.39 per share. The option vests at the rate of 50,000 shares every three months, commencing three months from granting. Mr. Gatrill has advised Sun Summit that he does not currently own any shares of the Company nor does he have any right to purchase shares other than under this option.

Mr. Gatrill will be paid a fee of $7,000 per month (to be paid from the Company’s working capital) for his services for a term of six months, which term may be extended by mutual agreement of both parties.

Sun Summit thanks the Company’s previous corporate communications provider, Nancy Curry, for her many years of dedicated service.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

Jasper Gatrill
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

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

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Sun Summit Discovers Zone of Strong Copper and Silver Mineralization West of Buck Main and Provides Update From Current Drill Program

By 2022

Vancouver, B.C. April 6, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide an update from its current drill program at Buck Main and results from its recently completed property-wide exploration program across the Buck Property, central British Columbia.

Highlights

  • Drilling ongoing: Nine holes have so far been completed at Buck Main.
  • Testing for high-grade structures and the limits of the Buck Main hydrothermal system: Six holes have been completed in the core of the Buck Main and three holes on the western margin.
  • Discovery of strong copper and silver mineralization: A zone of strong copper (Cu) and silver (Ag) mineralization was discovered approximately 1.5 km west of Buck Main where assays of up to 302 grams per tonne (g/t) Ag and 0.47% Cu have been returned in rock chip samples.
  • Soil geochemical anomalies to be evaluated with VTEM: Numerous multi-element soil geochemical anomalies have been identified, which may have additional detailed exploration subsequent to the upcoming property-wide VTEM (Versatile Time Domain Electromagnetic) geophysical survey

Sharyn Alexander, Sun Summit’s President, commented:

“We are very pleased with our drilling progress so far. We have completed nine holes with many more holes planned. The focus for drilling is to build on our significant grid-based program and to investigate new target areas as well as the potential for additional high-grade structures within the Buck Main area.

“We are also very excited to announce the discovery of an outcropping zone of strong silver and copper mineralization just west of the Buck Main target known as the CC zone. Sampling there returned impressive results such as 302 g/t silver and up to 0.47% copper. The zone is open in all directions and clearly warrants significant follow-up surveys.

“The Buck property is surrounded by current and past-producing mines1 as well as multiple advanced-stage development assets. The region has seen a recent resurgence in exploration for copper-molybdenum porphyries as well as epithermal-related gold and silver systems. Our recent reconnaissance-level exploration program across the property has identified multiple geochemical anomalies that suggest proximity to concealed porphyry and epithermal systems. Outcrop is very limited across the property, therefore these prospective areas will be further evaluated with an upcoming property-wide VTEM geophysical survey to develop new drill targets.”

Buck Main Drill Program

The current drill program is designed to follow-up significant results from the recently completed, grid-based 10,327 metre drill program across Buck Main (see news releases dated January 5th, 2022 and February 22nd, 2022).

Nine holes have so far been completed. Three holes have tested the western extent of the Buck Main system where previous results suggested the system remained open (e.g., holes BK21-059 and BK21-065; news release February 22nd, 2022), two holes have tested for high-grade structures central to the Buck Main target (e.g., BK20-012; news release January 5th, 2021), and four holes have focused on testing the eastern-extent of breccia-hosted and disseminated mineralization (e.g., BK21-017; news release May 11th, 2021).

Core samples from the first four holes are in the lab and results will be released once received and interpreted.

Property-Wide Exploration

The focus of the 2021 summer reconnaissance-style exploration program was on the approximately 24 kilometre long, northwest-trending, fault-bound belt of Late Cretaceous Kasalka Group volcanic and volcaniclastic rocks, host to epithermal-related mineralization at the Buck Main target area. The program consisted of geological mapping and prospecting, soil geochemical surveys, and rock-chip sampling in areas of outcropping bedrock.

CC Zone

The CC Zone is centered approximately 1.5 kilometres west of the Buck Main target along the banks of an incised creek. The zone consists of a brecciated and well-mineralized contact between two volcanic units. Mineralization comprises multiple approximately 5 cm wide veins containing variable amounts of copper oxides and silver-bearing sulfosalts and has been traced for 25 metres where the contact is obscured by overburden. Rock chip samples taken in proximity to the contact returned up to 302 g/t Ag, 0.47% Cu as well as 162 g/t Ag, 0.25% Cu (Figure 1). Follow-up work, including grid-based soil-geochemical surveys, detailed geological mapping and prospecting, and IP geophysics, are being planned for CC target area.

Soil Geochemical Surveys

Rocks are poorly exposed across the Buck Property due to the presence of widespread overburden, therefore, the geochemistry of soils are used as a proxy for bedrock geochemistry. Soil samples were collected along property-wide transects and also on focused grids.

Epithermal and porphyry-related pathfinder elements (e.g., antimony, arsenic, zinc, copper, molybdenum) are used to identify areas of high-prospectivity and define footprints of hydrothermally altered bedrock. Areas with high zinc and arsenic are considered priority as a similar element association is associated with Buck-style mineralization.

Numerous open-ended, multi-element pathfinder anomalies were identified (e.g., single line anomalies; Figure 2) and represent key areas that require significantly more sampling to define the extent of the geochemical footprints. These anomalies will also be further investigated during the upcoming property-wide VTEM geophysical survey. This heli-borne survey is designed to map changes in conductivity of the underlying bedrock to help focus exploration on zones of potential hydrothermal-related alteration and mineralization. A full compilation of all exploration data will be reported upon its completion.

Figure 1. Geochemical Anomalies in CC Zone

Figure 2. Zinc and Arsenic Pathfinder Anomalies in Soil Geochemistry

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA/QC) program. Rock and soil samples were located in the field with a GPS and shipped in sealed and secure bags to the ALS Global preparation facilities in Kamloops, Langley or North Vancouver, B.C. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

Rock 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 >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 samples were analyzed for 53 elements by ICP-MS on a 25 gram sample using an aqua regia digestion (method AuME-ST43).

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Property is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

Health and Safety

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

Buck Property

Sun Summit’s flagship Buck Property is a high-grade and bulk tonnage gold, silver, and zinc property located near the town of Houston in central B.C. The 100% controlled property has excellent developed infrastructure and allows year-round exploration access.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/04/Buck-CC-Target-Apr-NR.jpg

Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2022/04/Buck-Regional-Soils-Apr-NR.jpg

 

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

 Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

1Their mineralization is not necessarily indicative of the same mineralization at Buck.

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Sun Summit Obtains DTC Eligibility

By 2022

Vancouver, B.C. March 30, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce it has received confirmation from the Depository Trust Company (DTC) that its common shares are now eligible for electronic clearing and settlement through the DTC in the United States.

Sharyn Alexander, President of Sun Summit, said: "We are pleased to have obtained our DTC eligibility, which streamlines the process of trading shares in the United States, and benefits our American shareholders. With DTC eligibility, the increased accessibility and visibility is expected to attract greater investment and trading liquidity from American investors as our shares will be available to a broader range of investors."

DTC is a subsidiary of the Depository Trust & Clearing Company, a US company that manages the electronic clearing and settlement of securities for publicly traded companies in the United States. With DTC eligibility, existing investors and brokers benefit from potentially greater liquidity, execution speeds, and reduction in costs, while opening the door to new investors that may have been previously restricted from the Company's common shares.

Sun Summit’s common shares now trade on the OTCQB under the symbol SMREF and will continue to trade on the TSX Venture Exchange under the symbol SMN.

About Sun Summit

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

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

info@sunsummitminerals.com 

Tel. 778-588-9606

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

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