2023

Vancouver, B.C. September 19, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce surface sampling results from the summer 2023 exploration program at its flagship Buck Project in central B.C. The field campaign focused on exploration at several high-priority targets at the Mount Morice and CR areas and resulted in the discovery of a new zone of copper mineralization.

Highlights:

• Strong copper mineralization: Rock samples returned results up to 1.00% Cu and 3.2 g/t Ag, and 0.94% Cu and 4.1 g/t Ag in a new zone that has seen limited exploration. Target areas show strong porphyry-related mineralization and alteration and remain open for expansion.

• Exploration aimed at discovery: Reconnaissance field work included detailed mapping, sampling, and prospecting around the Mount Morice and CR target areas.

• Completion of step-out drill program at Buck Main: The drill campaign consisted of 3,736 metres over 13 diamond drill holes in high-priority areas aimed at testing the lateral and vertical extents of mineralization (see June 8, 2023, news release). Assays have been released for the first two holes of the program, and remaining assays are being processed at the lab and will be released as they are received and interpreted.

Sharyn Alexander, Sun Summit’s President stated: “We are very pleased with the results from our initial exploration efforts at CR, as well as follow-up exploration at Mount Morice. Both of these targets have shown notable mineralized occurrences through previous exploration and warrant detailed systematic follow-up. The detailed geological mapping and geochemical sampling will allow us to continue to define these targets and advance them towards the drill-ready stage. The results provide evidence of the project’s ongoing potential for expansion and discovery of new mineralized zones.”

Exploration Program

Extensive surface exploration was conducted in the area of Mount Morice and the newly acquired CR project (see June 1, 2023 news release). This work included detailed geological mapping, sampling, and prospecting, with a total of 230 surface samples collected in high-priority areas (203 rock samples, 17 silt samples, and 10 soil samples). See Figure 1 for selected highlights from recent and historic exploration programs.

Figure 1. Surface samples at Mount Morice and CR with selected highlights

Rock sample highlights from the 2023 program include:

• Sample J031024: 1.00% Cu & 3.2 g/t Ag, rhyolite/andesite breccia with strong silicification and copper oxide alteration
• Sample J030700: 0.94% Cu & 4.1 g/t Ag, similar to sample J031024, strongly Cu-oxidized rhyolite
• Sample J030681: 0.64% Cu & 8.1 g/t Ag, drusy quartz veins with disseminated chalcopyrite and strong copper oxides in epidote altered rhyolite
• Sample J030756: 0.39% Cu & 2.1 g/t Ag & 81 g/t Mo, hydrothermal breccia with disseminated pyrite ± chalcopyrite-molybdenite and moderate Cu oxides

Other significant copper results from the 2023 program include:

• Sample J030746: 0.36% Cu
• Sample J030667: 0.30% Cu
• Sample J030755: 0.19% Cu
• Sample J030713: 0.19% Cu
• Sample J030718: 0.18% Cu
• Sample J030719: 0.17% Cu

The Mount Morice target is one of a number of high-priority targets selected for follow-up. This key area is located approximately eight kilometres west of Buck Main on the eastern slopes of Morice Mountain.

Field work at Mount Morice included geological mapping, prospecting, and infill silt sampling. Stream sediment samples from eastern drainages on Mount Morice, downslope from the mapped alteration and vein zones, display highly anomalous gold and silver. Samples from 2022 exploration returned results well above background based on regional stream sediment sampling programs, including 0.26 g/t Au and 0.6 g/t Ag (sample F193428), and 0.25 g/t Au and 0.4 g/t Ag (sample F193427; Figure 1). These results, together with results from mapping and previous selective sampling (see March 1, 2023 news release), suggest the potential of a high-level epithermal system peripheral to a porphyry system. The anomalous gold+silver in silt samples are downstream of widespread propylitic alteration and local zones of strong phyllic alteration with associated quartz stockworks and sulfide-cemented breccias.

The CR area adjoins the Buck project on its western edge and expands the overall property footprint for a contiguous area of 55 mineral claims totalling 52,000 hectares (520 square kilometres). This year represented the first time the CR area was accessed by Sun Summit after its acquisition (see June 1, 2023 news release), and consisted of a first pass reconnaissance assessment of the geological environment and the known zones of mineralization.

A large IP chargeability anomaly, located in the northern section of CR at the North Zone, has seen limited exploration. The anomaly is associated with strong zinc in soils, as well as historic rock samples that have returned values of up to 0.4 g/t Au and 31.7 g/t Ag (sample 3233760; Figure 1).

Previous exploration campaigns in the CR area included soil, rock, and silt sampling, airborne and ground geophysics, as well as diamond drilling. The most significant drill intercepts to date are reported from the South Zone, and include 68 metres at 0.50% Cu, 0.015% Mo in CR05-03; and 168 metres at 0.37% Cu, 0.017% Mo in CR07-14 .

The CR area contains priority targets that warrant detailed systematic follow-up. All known targets show strong porphyry-related mineralization and alteration (distal and proximal assemblages) and are open for expansion.

¹ Intervals are downhole core lengths. True widths are unknown.
² Kraft et al, 2019, Year-End Report on Geophysical, Geological and Geochemical Work Conducted During 2019, CR Mineral Tenure, Omineca Mining Division, BC Ministry of Energy and Mines, AR 39054, 352 p

Drill Program Completion

The expansion drill program at Buck Main has been completed, consisting of 13 drill holes for 3,736 metres. These holes were targeting new zones of potential high-grade and bulk-tonnage mineralization in previously untested areas, both laterally and at depth. Updated 3D modelling at Buck Main led to an improved understanding of the geological and structural controls of mineralization, and drill holes were designed to test fault structures and veins that are often associated with high-grade mineralization elsewhere within the Buck Main zone.

Initial drill results indicated significant gold, silver, and zinc mineralization extend laterally and at depth, and support the potential for depth extension of bulk tonnage-style disseminated mineralization being delineated at Buck Main (see September 6, 2023 news release).

The remaining drill holes are being processed for assay and geochemical analysis at the lab. Analytical results will be reported as they become available and undergo QA/QC.

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA/QC) program. All sample assay results have been monitored through the Company’s quality assurance / quality control (QA/QC) program. Rock, silt and soil samples collected in the field were placed in polyethylene bags (rocks), kraft paper sample bags (soils), and spunbonded polyester fabric bags (silts). UTM coordinates of sample locations were recorded using a handheld Garmin GPS device. For soil samples, sample locations were marked in the field with coloured flagging tape with unique sample number identifiers. Rock grab samples were marked using metal tags with unique coloured flagging tape and unique sample numbers. The samples were brought from the field daily to the Company’s secure core logging facility in Houston, B.C.

After drying the samples were organized by sample number and type and secured with tamper-proof security seals in rice bags for shipment. Samples were shipped by bonded courier Bandstra Transportation Systems Ltd to ALS Global preparation facilities in Kamloops, B.C., and then on 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 silt and soil samples were prepared at the lab using standard analytical preparation procedures, including weighting and screening, and for rocks, crushing, pulverizing and splitting.

Rock samples were analyzed for 33 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30-gram aliquot 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 aliquot. Samples with >100 ppm silver were re-analyzed using an ore -grade four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using an ore -grade four acid digestion and ICP-AES finish.

Soil and silt samples were analysed for gold and silver only. Gold was analyzed by fire assay on a 30-gram aliquot with an AAS finish (method Au-AA23). Silver was analyzed using aqua regia digestion followed by an AAS finish (method Ag-AA45).

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 the Buck Project

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

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

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

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure:

https://sunsummitminerals.com/wp-content/uploads/2023/09/Fig-1-Buck_MoriceMtn_CR_NR.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca

Tel. 416-817-1226

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. September 6, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces initial results from its summer 2023 exploration drill program at the Buck Main target as part of a multi-stage exploration program across its 52,000 hectare Buck project in central British Columbia.

Highlights:

• Results from the first two drill holes indicate that significant gold, silver, and zinc mineralization extend laterally and at depth, and is open to the north where previous drilling is sparse.
  • Hole BK23-086:
    • 148.5 metres of 0.46 g/t gold equivalent (AuEq) (0.33 g/t Au, 4.2 g/t Ag, 0.31% Zn)
    • 40.0 metres of 0.68 g/t AuEq (0.57 g/t Au, 5.9 g/t Ag, 0.3% Zn), including 9.0 metres of 1.43 g/t AuEq (1.27 g/t Au, 8.9 g/t Ag, 0.58% Zn)
    • 10.0 metres of 0.83 g/t AuEq (0.6 g/t Au, 2.5 g/t Ag, 0.6% Zn)
  • Hole BK23-087:
    • 185.9 metres of 0.66 g/t AuEq (0.39 g/t Au, 8.2 g/t Ag, 0.53% Zn), including 1.5 metres of 5.59 g/t AuEq (4.10 g/t Au, 20.8 g/t Ag, 3.96% Zn), 20.1 metres of 0.98 g/t AuEq (0.62 g/t Au, 3.3 g/t Ag, 0.87% Zn), and 11.9 metres of 1.45 g/t AuEq (1.26 g/t Au, 7.4 g/t Ag, 0.64% Zn)
• The broad gold, silver and zinc intervals reported in these holes supports the potential for depth extension of bulk tonnage-style disseminated mineralization being delineated at Buck Main.
• Drilling at Buck Main is ongoing, and assay results from the remaining holes are pending with results expected as they are received and analyzed.
• Results from the extensive surface exploration program in the area of Mt Morice and CR (recently acquired from Teck; see June 1, 2023 news release) are being analyzed and interpreted and will be released shortly.

Sharyn Alexander, Sun Summit’s President stated: “The first two holes of our ongoing drill program at Buck Main indicate significant mineralization extends laterally and at depth. The consistent broad mineralized intercepts in this area of Buck Main clearly demonstrate the large scale gold, silver, and zinc potential of this target. These results reinforce our belief in the value remaining to be unlocked through our ongoing exploration efforts. We look forward to receiving additional results from this step-out drill program. In addition, our team is interpreting the results of our field exploration in the Mt Morice and CR area to the west, which show tremendous potential in an underexplored area.”

Buck Main Drilling

The ongoing drill program consists of approximately 3,500 metres over 15 drill holes, with holes designed to test for potential high-grade zones of epithermal-related gold-silver-zinc system focused on previously modeled faults and high-density vein zones (see June 8, 2023 news release) as well as the limits of mineralization to the north and west.

Figure 1. Map showing drill collar locations with selected highlights

Holes BK23-086 and 087 were designed as infill and exploration holes to confirm the results of 1960’s drilling in addition to testing the depth extent of disseminated mineralization of the Buck Main east area to the north (Figure 1).

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. Gold Equivalent (AuEq) calculations use 3-year trailing metal prices current to end of August 2023 ($1840/oz Au, $23.59/oz Ag and $1.38/lbs Zn) using the equation: AuEq(g/t) = ((Au(g/t)*%recovery *$Au/oz*0.032151)+(Ag(g/t)*%recovery*$Ag/oz*0.032151)+(Zn%*%recovery*$Zn/lbs*22.0462))/($Au/oz*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.

Hole BK23-086 successfully intersected moderate to strongly sericite altered volcaniclastic rocks and hydrothermal breccias hosting 3-5% pyrite-sphalerite from 105-189 metres, 211-236 metres, and 357-431 metres with an increase to 10% (and locally 15%) pyrite-sphalerite from 189-211 metres. Mineralization is defined as dominantly fine disseminations and blebs as well as hosted in local quartz-carbonate veins. The hole bottomed in volcaniclastic rocks with weak to moderate sericite alteration, hosting 0.5% disseminated pyrite and trace vein-hosted sphalerite.

Hole BK23-087 intersected strongly sericite altered volcaniclastic rocks hosting 3-5% pyrite-sphalerite from 56.0-62.4 metres and from 76.4 metres to the final drilled depth of 446.0 metres, with intermittent quartz-felspar porphyritic and aphanitic dykes. Mineralization is dominantly fine disseminations and blebs as well as local quartz-carbonate veins and replacements.

Both holes confirm the presence of disseminated gold-silver mineralization reported in historic holes and extends the broad zone of disseminated mineralization to the north where it remains open for further expansion.

Prior to this program, the Company had completed 84 drill holes at Buck Main for over 30,000 metres. Results to date demonstrate significant mineralization potential with district-wide size and scale opportunities. Recent drilling focused on expanding the footprint of near-surface bulk tonnage-style mineralization and demonstrated strong expansion potential to the west, north and south. The known mineralized footprint measures over one kilometre in strike length with mineralization open in all directions.

Table 2. Drill Collar Locations

Coordinates are in UTM NAD83 Zone 9N

Upcoming Sun Summit Events

• September 19 to 20, 2023 – Simone Capital Investor Road Show, Vancouver, B.C.
• September 23, 2023 – GCFF Conference 2023 Main Event, Vancouver, B.C.
• September 26 to 27, 2023 – 121 Global Online EMEA / Americas / APAC
• September 29, 2023 – Capital Tides Vancouver Investor Cruise, Vancouver, B.C.

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 aliquot using a four acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram aliquot 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 aliquot. Samples with >100 ppm silver were re-analyzed using an ore -grade four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using an ore -grade 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 the Buck Project

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

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

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

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/09/Fig1_Buck_Drilling_Sept6_NR.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca

Tel. 416-817-1226

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. August 15, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces that drill crews have been remobilized to site after an evacuation order south of the town of Houston due to a wildfire was lifted. As previously announced, Sun Summit took proactive measures to temporary suspend drilling and field exploration in the area and all personnel were demobilized from site (see July 26, 2023 news release).

Highlights

• Drilling recommenced at Buck Main: The planned drill program consists of ~3,500 metres over 15 step-out drill holes targeting new zones of potential high-grade and bulk-tonnage mineralization in untested areas to the north and west of previous drilling (see June 8, 2023 news release).
• Assay results and geochemical analysis expected shortly: All drill core and surface samples collected in advance of the evacuation notice are currently being processed at the lab and results are expected shortly.

Sharyn Alexander, Sun Summit’s President stated: “We are pleased to resume our multi-stage drilling and exploration program at the Buck Property. New drilling at Buck Main has already shown encouraging zones of visible sulfide mineralization, and the upcoming assay results will help guide and refine targeting as the drill program continues.

“We are committed to conducting our programs in a safe and responsible manner, and ensuring that all necessary health and safety measures are in place for an efficient and effective work campaign. I’d like to thank our team for their proactive, organized approach during the demobilization and remobilization, and express our gratitude to the firefighters and emergency personnel who worked to bring the wildfire under control.”

Three diamond drill holes and a portion of a fourth were completed at Buck Main before the evacuation order was issued. In addition, extensive field exploration was conducted in the area of Mount Morice and CR (recently acquired from Teck; see June 1, 2023 news release), including the collection of rock, silt and soil samples. Core samples from drill holes completed in advance of the evacuation notice and all collected surface samples are currently being processed and results are expected from the lab shortly.

No damage or loss to infrastructure has been reported and the Company does not anticipate any delays to the resumption of work and ongoing exploration program.

National Instrument 43-101 Disclosure

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

Community Engagement

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

About the Buck Project

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

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

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

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca

Tel. 416-817-1226

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. July 27, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) has retained Simone Capital Corp. for investor relations and capital markets advisory services. The retainer will commence on August 1, 2023 and continue until terminated on 30 days notice.

Simone Capital will leverage its proprietary database to engage and co-ordinate road shows with retail brokers, portfolio managers, analysts and individual investors on the Company’s behalf. In consideration for the services, Simone Capital will be paid $6,500 per month from the Company’s working capital.

Simone Capital is located in Toronto, Ontario, and principally owned and operated by Anthony Simone and Matthew Benedetto. Simone Capital has advised Sun Summit that it does not currently own any shares or other securities of the Company nor does it have any intention to acquire any such securities.

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. July 26, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces that an evacuation order has been issued south of the town of Houston in response to an uncontrolled wildfire in the region. Exploration activities have been temporarily suspended and all personnel have been demobilised from site until the situation improves.

Highlights

• Work has commenced for multi-stage exploration program: Exploration is focused on step-out drilling at Buck Main, targeting new zones of potential high-grade and bulk-tonnage mineralization in previously untested areas (see June 8, 2023 news release). In addition, surface exploration includes detailed mapping, prospecting, and sampling in high-priority targets, including prospective new ground (see June 27, 2023 news release).
• Assay and geochemical analyses underway: Core samples from three completed drill holes, half of a fourth drill hole, and 230 samples from surface exploration have been sent to the lab for assay and geochemical analyses, with results expected shortly.
• No significant delays anticipated: The Company does not expect the wildfire to have a significant impact on the 2023 exploration program, which will resume as soon as it is safe and permissible to do so.

Sharyn Alexander, Sun Summit’s President stated: “We have temporarily suspended our exploration activities at the Buck Project to ensure the safety of our employees and contractors. We are closely monitoring the wildfire development in the region and are in regular contact with local authorities. The safety of our employees, contractors, and the local community is our top priority, and we extend our gratitude to the firefighters and emergency personnel working to control the wildfire. We will continue to monitor the situation and keep the market updated as the wildfire situation evolves.”

To date, three diamond drill holes have been completed at Buck Main, with a portion of a fourth drill hole recovered, for a total of 1,219 core samples. The drill rig is currently on site and has not been demobilized. Extensive surface exploration has been conducted in the area of Mt Morice and CR (recently acquired from Teck; see June 1, 2023 news release), with over 203 rock samples, 17 silt samples, and 10 soil samples (for a total of 230 samples) collected by the field crew in high-priority areas. All drill core and surface samples have been shipped to the lab for assay and geochemical analysis.

The Company is not aware of any damage or loss to infrastructure and will continue to monitor the situation and respond accordingly as the situation evolves.

National Instrument 43-101 Disclosure

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

Community Engagement

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

About the Buck Project

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

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

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

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

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

Tel. 778-588-9606

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. June 27, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) has commenced its multi-stage exploration program being conducted across its 52,000 hectare Buck Project, central British Columbia. The program will  focus on  exploration at several high-priority precious metals targets, including prospective known targets within the newly obtained CR property recently acquired from Teck Resources (see June 1, 2023 news release).

Highlights

• Exploration aimed at discovery: High-priority targets will undergo detailed field work following up on previous exploration results. The Mount Morice target was  identified  from highly anomalous gold and silver creek silt samples (see March 1, 2023 news release). In addition, ~9,000 hectares recently staked along the south and western boundaries of Buck will be prospected and sampled in detail (see March 7, 2023 news release). 
• Precious metals potential at CR: Field work will also focus on the recently acquired CR project (see June 1, 2023 news release). Previous exploration by others has mapped notable occurrences of gold and silver mineralization that have only seen limited follow-up exploration to date.
• Exploration permits in place: Property-wide exploration permits will allow drilling to be conducted throughout the expanded land package.
• Drilling has commenced at Buck Main: Drilling in untested areas at Buck Main has begun targeting new zones of potential high-grade and bulk-tonnage mineralization. Field exploration will run concurrently with drilling at Buck Main and is expected to continue through to August.

Sharyn Alexander, Sun Summit’s President, stated: “Surface exploration is being conducted across the project area to advance known targets, following up on encouraging results from the 2022 exploration program, and will include widespread prospecting, mapping, and sampling campaigns with the aim of target generation and development of drill targets. It will be a busy summer for Sun Summit, with expectations to expand and continue field work into the fall. The program will provide steady news flow from a combination of drill assay results, rock, soil, and silt sampling results, and potential new target delineation for ongoing exploration and drill testing.”

Field Exploration

Surface exploration will include detailed mapping, sampling and prospecting in the area to the west of Buck Main, specifically at the Mount Morice target and CR property (Figure 1), and will run concurrently with the drilling at Buck Main.

Figure 1. Exploration target areas at Mount Morice and CR

Work at Mount Morice is following up on highly anomalous gold and silver creek silt samples and will include mapping and prospecting and infill silt sampling. Geological mapping in 2022 revealed a broad zone of strong alteration with a stockwork of quartz veins and disseminated pyrite. Stream sediment samples from eastern drainages on Mount Morice, downslope from the mapped alteration and vein zones, display highly anomalous gold and silver. Samples returned results well above background based on regional stream sediment sampling programs, including 0.26 ppm Au and 0.6 ppm Ag (sample F193428), and 0.25 ppm Au and 0.4 ppm Ag (sample F193427; Figure 1).

Field work will also be conducted on the adjoining CR property to the west, and will include reconnaissance mapping, prospecting and targeted soil and stream sediment sampling. A large chargeability anomaly, located in the northern section of CR, has seen limited exploration. The anomaly is associated with strong zinc in soils, as well as rock samples that have returned values of 0.4 g/t Au and 31.7 g/t Ag (sample 3233760; Figure 1).

The CR property has seen several exploration campaigns including soil, rock, and silt sampling, airborne and ground geophysics, as well as diamond drilling. The most significant drill intercepts to date are reported from the South Zone, and include 68 metres∞ at 0.50% Cu, 0.015% Mo in CR05-03; and 168 metres∞ at 0.37% Cu, 0.017% Mo in CR07-14*.

∞Intervals are downhole core lengths. True widths are unknown.

*Kraft et al, 2019, Year-End Report on Geophysical, Geological and Geochemical Work Conducted During 2019, CR Mineral Tenure, Omineca Mining Division, BC Ministry of Energy and Mines, AR 39054, 352 p

National Instrument 43-101 Disclosure

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

Community Engagement 

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

About the Buck Project

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

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

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

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1: 

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig-1-Buck_MoriceMtn_CR_NR.jpg 

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com 

Roger Blair

Acuity Advisory Corp., Corporate Communications

rblair@acuityadvisorycorp.com 

Tel. 778-588-9606

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. June 20, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the results from its recent diamond drill program comprising 2,016 metres over nine diamond drill holes from the IRK and Eagle Eye targets on the Buck Project, central B.C. Exploration drilling at IRK and Eagle Eye intersected broad zones of strong alteration with anomalous pathfinder element geochemistry and zones of anomalous zinc and silver values were intersected in most holes.

Highlights

• IRK Target: Seven holes for 1,430 metres were drilled at three locations at IRK, intersecting intense alteration and veining with visible sulfide mineralization and anomalous zinc and silver.
• Eagle Eye Target: Drilling two drill holes for 586 metres, intersecting stringer pyrite associated with anomalous zinc and silver values.
• Property-wide exploration aimed at discovery: Crews have mobilized to site to begin a significant exploration program focused on high priority targets in our expanding project area, including the recently acquired CR property (see June 1, 2023, news release).
• Drilling at Buck Main: Step-out drilling, focused on new zones of potential high-grade and bulk-tonnage mineralization, has commenced (see June 8, 2023, news release).

“Significant overburden cover at both the IRK and Eagle Eye targets has required us to prospect with the drill bit. Results from drilling indicate further work may be considered in these areas,” stated Sharyn Alexander, Sun Summit’s President. “Our property-wide exploration plan has now been expanded to cover not only recently staked ground, but also the CR property. Exploration areas are being prioritized based on very positive rock and soil precious metal sample results from our previous field work, and our ability to get these targets to the drill ready stage. Our pipeline of highly prospective targets, which are primarily gold and silver, represent the exploration upside of this emerging region. The Buck property sits in the center of one of the best metal endowed regions in central B.C.”

Exploration Drilling at Eagle Eye and IRK

Over 2,000 metres of diamond drilling was recently completed at the Eagle Eye and IRK target areas (see March 15, 2023 news release). Geochemical and lithological results from Eagle Eye and IRK drilling confirm the presence of strong hydrothermal-related alteration zones with anomalous pathfinder element geochemistry interpreted to represent buried epithermal-related systems. 

Further work is required to better define vectors to potential high-grade vein-sets. Correlation of stratigraphy across the Buck property has been improved from recent drilling at Buck Main, Eagle Eye, and IRK. Drilling has led to an improved understanding of the controls on mineralization and will help to identify favourable host rock with potential economic mineralization on the Buck property.

IRK Target

Seven holes for 1,430 metres were completed at IRK (Figure 1). The holes tested a north-south inferred structure defined by coincidental resistivity, chargeability, and geochemical anomalies interpreted to be related to a large-scale porphyry system or epithermal vein system. Most holes collared in intense quartz+sericite altered volcaniclastic andesite with broad zones of intrusion-related quartz veining/stockwork (see April 4, 2023 news release). Zones of anomalous zinc and spot silver values were intersected in most holes (Table 1). Zinc appears to be associated with alteration intensity, whereas silver appears to be correlated with the presence of fine black sulphides. 

Figure 1. IRK drill hole locations

Recent mapping and sampling at IRK have confirmed the previous interpretation of a large (>1,000 ha), strong multi-element soil anomaly (Ag-Zn-Pb-As-S) with an overall NW-SE trend. Rock samples from this area returned results of up to 1.7% Zn, 95 g/t Ag and 2.4% Cu (see April 4, 2023 news release).

Table 1: Summary of anomalous assay results from IRK drilling

* Intervals are downhole core lengths. True widths are unknown.

Eagle Eye Target

Drilling at Eagle Eye was designed to test a strong IP chargeability anomaly target associated with mapped alteration that was inferred to potentially be associated with a mineralized porphyry system at depth. Two holes for 586 metres were completed at Eagle Eye, intersecting broad zones of stringer pyrite associated with quartz+sericite altered quartz-feldspar-porphyry (QFP) dykes hosted in sedimentary rocks (Figure 2). The presence of pyrite in drilling explains the strong chargeability anomaly. Zones of anomalous zinc and spot silver values were also intersected (Table 2).

Figure 2. Eagle Eye drill hole locations

Previous prospecting and mapping in the Eagle Eye area identified altered sedimentary rocks and hydrothermal breccias with sulphide mineralization. The 2022 VTEM and magnetic survey delineated resistive zones around Eagle Eye, which were inferred to be associated with silica alteration within intrusive units. Recent mapping at Eagle Eye helped to better define a volcano-sedimentary unit intruded by unaltered granodiorites with associated zones of strong silica-sericite±pyrite alteration. 

Table 2: Summary of anomalous assay results from Eagle Eye drilling

* Intervals are downhole core lengths. True widths are unknown.

Table 3: Drill collar locations

* Coordinates are in UTM NAD83 Zone 9N

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 which involves crushing the entire sample until 70% passes through 2 mm screens. A 250 g split is pulverized to better than 85% passing a 75-micron screen. 

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-AES on a 0.25 gram sample using a four-acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Gold overlimit analysis is conducted by fire-assay fusion, gravimetric finish (Au_GRA21) on a 30 g split when Au-AA23 return values >9 ppm. Ag, Cu, Pb, and Zn overlimit analyses are conducted using an ore-grade 4-acid digest and ICP-AES analysis (ME-OG62). Ag analysis triggers overlimit analysis when ME-ICP61 returns values >90 ppm. Cu, Pb, and Zn triggers overlimit analysis when ME-ICP61 return values >10,000 ppm.

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 prior to the sawn core being shied offsite.

National Instrument 43-101 Disclosure

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

Community Engagement 

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

About the Buck Project

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

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

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

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a Canadian mineral exploration company focused on expansion and discovery of district scale gold and copper assets in north-central British Columbia. 

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1: 

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig1_IRK_Drilling_June_NR.jpg 

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig2_EagleEye_Drilling_June_NR.jpg 

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com 

Roger Blair

Acuity Advisory Corp., Corporate Communications

rblair@acuityadvisorycorp.com 

Tel. 778-588-9606

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. June 13, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that it has completed the acquisition from Teck Resources Limited (Teck) of the 8,964-hectare porphyry copper-molybdenum CR property, located contiguous to Sun Summit’s 43,000 hectare Buck property in central B.C. The combined property covers 52,000 hectares (520 square kilometres), which expands the Company’s land position by more then 20%.

Sun Summit acquired the CR property by the issuance to Teck of 2,272,727 common shares valued at $250,000. Teck retains a 1.0% net smelter returns (NSR) royalty on the property, of which one-half (0.5%) may be re-purchased for $2,000,000 at any time, resulting in Teck retaining a 0.5% NSR royalty. There is a pre-existing 0.5% NSR royalty to the original landowner which can be re-purchased for $10,000,000. In accordance with Canadian securities laws, the shares are subject to a four month hold period expiring on October 13, 2023.

Termination of SmallCap Communications Inc. 

Sun Summit also announces that, effective June 30, 2023, SmallCap Communications Inc. of Vancouver, B.C. will no longer provide social media management and communication services to the Company. 

About the Buck Project

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

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

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

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a Canadian mineral exploration company focused on expansion and discovery of district scale gold and copper assets in north-central British Columbia. 

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

Further details are available at www.sunsummitminerals.com.

National Instrument 43-101 Disclosure

The technical disclosure in 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 not been able verify the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data was historical and the original drill core is not readily available.

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com 

Roger Blair

Acuity Advisory Corp., Corporate Communications

rblair@acuityadvisorycorp.com 

Tel. 778-588-9606

Forward Looking Information

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

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

VIEW PDF

Vancouver, B.C. June 8, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the commencement of drilling at its Buck Main project, which marks the beginning of a multi-stage exploration program across its 52,000 hectare project area in central  British Columbia.  

Highlights 

• Significant drilling at the Buck Main zone: Approximately 3,500 metres over 15 priority diamond drill holes in previously untested areas, both laterally and at depth. 
• Improved understanding of controls on mineralization: Recent drill intercepts at Buck  Main were incorporated into an updated 3D model which has led to an improved understanding of the geological and structural controls of mineralization, which will assist in ongoing drill planning and targeting. 
• Drilling designed to test untested areas: Planned drill holes will test recently recognized fault structures and veins that are often associated with high-grade mineralization elsewhere within the Buck Main zone. 

“We have acquired and expanded a significant land package in an emerging polymetallic belt in central B.C., and our recent oversubscribed financing allows us to hit the ground running.” stated  Sharyn Alexander, Sun Summit’s President. “Updating our geological modelling and structural  analysis at Buck Main has led to a refinement of the known controls on mineralization. This new  understanding has helped in the planning of step-out drill holes focused on targeting new zones  of potential high-grade and bulk-tonnage mineralization. In addition, our multi-stage exploration  program will provide ongoing newsflow throughout the summer as we continue to explore  emerging targets on our expanding project area.” 

Buck Main Drilling 

Drilling at Buck Main is expected to commence mid-June and will initially consist of  approximately 3,500 metres over 15 drill holes. The drill program was designed to test the  potential high-grade core of the epithermal-related gold-silver-zinc system with a particular focus  on previously unrecognized fault structures and high-density vein zones. 

Drilling will incorporate new insights from the recently updated 3D model which allowed for the  refinement of host lithologies and structures that are thought to control emplacement of hydrothermal breccias and vein sets in the overall structural corridor setting. In particular, modeling has allowed for the refinement of sub-units of key host andesitic volcaniclastic and dacitic pyroclastic rocks with a particular focus on structural controls that appear to define host  plunge orientations thus far unrecognized at Buck Main. Modeling also revealed quartz feldspar dykes (QFPs) likely were emplaced in a later mineralization event. Other targets include  hydrothermal breccias thought to occur at the modeled intersection of growth and transform faults, and presumed heavily disseminated mineralization domains where growth faults may project into coarse, dacitic pyroclastic sub-units. Additional drilling will be considered based on a successful outcome. 

Figure 1. Proposed drill areas at Buck Main 

Since 2020, the Company has completed 84 drill holes at Buck Main for over 30,000 metres. Results demonstrate significant mineral deposit potential with district wide size and scale opportunities. Recent drilling focused on expanding the footprint of near-surface bulk tonnage style mineralization and demonstrated strong expansion potential to west, north and south. The  known mineralized footprint measures over one kilometre in strike length with mineralization open in all directions. 

Broad zones of bulk tonnage-style disseminated mineralization are indicated by: 

• 0.71 g/t Au, 5.6 g/t Ag, 0.62% Zn over 187 m (BK21-033)
• 1.07 g/t Au, 5.5 g/t Ag, 0.65% Zn over 109 m (BK21-017)

Significant high-grade mineralization is indicated by: 

• 49.6 g/t Au, 10.8 g/t Ag, 0.06% Zn over 1.5 m (BK20-012)
• 246 g/t Au, 66.7 g/t Ag, 0.02% Zn over 0.5 m (BK21-020)
• 38.0 g/t Au, 137 g/t Ag, 5.9% Zn over 1.1 m (BK22-083)

Note drill intercepts are measured downhole and are not true widths.

National Instrument 43-101 Disclosure 

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

Community Engagement  

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

About the Buck Project 

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

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

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

About Sun Summit 

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a Canadian mineral exploration  company focused on expansion and discovery of district scale gold and copper assets in north central British Columbia.  

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

Further details are available at www.sunsummitminerals.com. 

Link to Figures 

Figure 1: 

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig1_Buck_Drilling_June8_NR.jpg 

For further information, contact: 

Sharyn Alexander 

President 

info@sunsummitminerals.com 

Roger Blair 

Acuity Advisory Corp., Corporate Communications 

rblair@acuityadvisorycorp.com 

Tel. 778-588-9606 

Forward Looking Information 

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

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

VIEW PDF

Vancouver, B.C. June 1, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce it has agreed to the acquisition of the 8,964 hectare CR property from Teck Resources Limited, located adjacent to Sun Summit’s 43,000 hectare Buck property in central B.C.

Highlights of the acquisition include:

• Drill-ready porphyry copper-molybdenum property: The CR property has multiple, near-surface copper zones with historic drill holes that bottomed in 0.1-0.5% Cu; highlights include: 68 metres at 0.50% Cu, 0.015% Mo; and 168 metres at 0.37% Cu, 0.017% Mo*.
• Potential for discovery and expansion: The CR property is underexplored with numerous untested porphyry and epithermal targets.
• Large property with existing exploration permit: Roughly 8,900 hectare property with an existing exploration drill permit.
• Road accessible and excellent infrastructure: The CR property straddles a well-maintained forestry road that also serves as the haul road to the Huckleberry Mine. The Huckleberry Mine is less then 100 kilometres to the south with an industrial powerline running alongside the forestry road.
• Expansion of land holdings: Expansion of a significant land position in the emerging central British Columbia porphyry-epithermal belt.
• Favourable acquisition terms: The terms include acquisition of 100% ownership interest for Sun Summit shares and a net smelter return royalty (NSR) royalty, and no cash consideration or exploration commitments.

Sharyn Alexander, Sun Summit’s President commented, “The combination of the CR property with the Buck property greatly increases our land holding in the area. This drill-ready project is located within a highly-prospective region of central British Columbia known for gold and copper systems. The property is road and powerline accessible and comes with favourable acquisition terms that provides tremendous value for shareholders. The area has excellent exploration upside and demonstrated potential for porphyry-related mineralization in two drill-tested zones, plus mapped occurrences of skarn Au-Cu and epithermal Au-Ag mineralization elsewhere on the property that have seen only limited examination. We are pleased to add a compelling copper component to our ongoing exploration efforts and see great potential to expand the mineralized areas at both CR and Buck. We are excited to begin work on our growing land package in this emerging and significant mineral district in central B.C.”

The CR property is comprised of 19 contiguous mineral claims totalling 8,964 hectares and is contiguous to the Buck property on Buck’s western border (Figure 1). Combined, these two properties total 55 mineral claims covering 52,000 hectares (520 square kilometres), which expands the Company’s land position by more then 20%.

The most significant drill intercepts are reported from the CR property’s South Zone, which includes:

• 168 metres at 0.37% Cu, 0.017% Mo (8-176 metres, DDH CR-07-14*)
• 68 metres at 0.50% Cu, 0.015% Mo (14-83 metres, DDH CR05-03*)
• 105 metres at 0.35% Cu, 0.024% Mo (bottom 195-300 metres, ending in 0.5% Cu, DDH CR07-15*)

*Kraft et al, 2019, Year-End Report on Geophysical, Geological and Geochemical Work Conducted During 2019, CR Mineral Tenure, Omineca Mining Division, BC Ministry of Energy and Mines, AR 39054, 352 p

Figure 1: Teck CR Property Location

Terms of Acquisition

Sun Summit will acquire a 100% interest in the CR property through the issuance of 2,272,727 Sun Summit common shares valued at $250,000 based on the 20-day volume weighted average price of Sun Summit shares. Teck will retain a 1.0% NSR royalty on the property, of which one-half (0.5%) may be re-purchased for $2,000,000 at any time, resulting in Teck retaining a 0.5% NSR royalty. There is a pre-existing 0.5% NSR royalty to the original landowner which can be re-purchased for $10,000,000. The shares will be subject to a four month hold period in accordance with Canadian Securities laws.

About the CR Property

The CR property is located 15 kilometres southwest of Houston in west-central British Columbia and can be accessed by the all-season Morice River Forest Service Road (FSR) which accesses commercial timber licenses and leads south to Imperial Metal’s Huckleberry Mine. The Huckleberry Mine powerline transects the property from north to south. Secondary forestry roads provide good access to various targets on the property. A major highway, high-voltage power, gas pipeline, deep seaport and airport are in close proximity.

The CR property is underlain mainly by a sequence of Jurassic andesitic to rhyolitic tuffs, flows and volcaniclastic rocks of the Telkwa Formation of the Hazelton Group cut by intrusive dykes and stocks of variable porphyritic textures. Granodiorite and quartz-feldspar porphyry intrusions are associated with Cu-Mo porphyry-style mineralization at two zones: North Zone and South Zone. The South Zone is better exposed at surface and has been partially delineated by historical diamond drilling, whereas the North Zone is variably till-covered and was drill tested with two holes for the first time in 2019. Less well-understood vein, breccia and skarn showings have been delineated across the property.

Past exploration work has focused mainly on the South Zone and includes diamond drilling by Manson Creek Resources Ltd. which completed a total of 3,567 metres of diamond drilling in 2005 and 2007. Copper mineralization in the South Zone is understood to be hosted in an east-west porphyry system that measures roughly 700 metres wide and is possibly tilted to the east. A large IP chargeability-high anomaly associated with mineralization at the South Zone extends to the north, south and east, as well as to depth. Mineralization in the granodiorite is reported as disseminated chalcopyrite with rare bornite, as well as chalcopyrite-pyrite±molybdenite veins and hydrothermal breccia cement. Higher copper grades are reported to be associated with intense K-feldspar±quartz alteration. The most significant mineralization reported to date occurs in the hydrothermal breccias which host episodic mineralization including an early phase of chalcopyrite-magnetite followed by a later quartz-sericite-pyrite event.

Manson Creek’s drill pattern tested an east-west corridor, leaving possible extensions to the north, east and south untested. Many of the historical drill holes were relatively short (i.e., less than 300 metres from surface) and some terminated in mineralization.

Teck completed a 2018 field program consisting of an airborne magnetic-radiometric survey, stream sediment sample survey, and a geological mapping program. In 2019, Teck completed the first two drill tests of the North Zone, expanded ground IP coverage over the northeast quadrant of the property, and collected soil samples over the North Zone IP anomaly.

The North Zone is poorly exposed at surface but limited mapping has shown the zone is characterized by hydrothermal breccia, sodic-calcic altered granodiorite, and quartz-sericite altered quartz feldspar porphyry over several hectares. Two diamond drill holes totalling 876.5 metres tested the southern segment of a large IP chargeability high anomaly at the North Zone and intersected widespread pyrite mineralization with weak chalcopyrite hosted in both andesitic strata and granodiorite intrusions. The style and intensity of alteration and sulphide mineralization suggest the North Zone may represent the distal portion of a copper porphyry system.

There has been no work on the property since 2019 and many targets remain to be tested. Future work will focus on expansion of the east-west corridor at the South Zone by drill testing at depth and along strike where there is significant potential to expand the mineralized footprint into untested areas of the large chargeability anomaly. The large North Zone IP chargeability high anomaly remains largely untested and further assessment is required to plan drilling on the middle and north segments. A gap of approximately 850 metres separates the chargeability anomalies of the North and South zones and requires additional survey to examine any linkages between the two zones.

Figure 2. CR Property South Zone Long Section (looking north)

National Instrument 43-101 Disclosure

The technical disclosure in 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 not been able verify the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data was historical and the original drill core is not readily available.

About the Buck Project

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

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

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

About Sun Summit

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

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/05/Fig-1-CR-Project-NR.jpg

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/05/Fig-2-CR-Project-Section.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

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

Tel. 778-588-9606

Forward Looking Information

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

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

VIEW PDF