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SUN SUMMIT MINERALS CORP - SMREF STOCK NEWS

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Sun Summit Minerals Corp (SMREF) is a mineral exploration company focused on expanding and discovering district-scale gold and copper assets in British Columbia. The company's portfolio includes the JD Project in the Toodoggone region and the Buck Project in central B.C. Recent exploration efforts have identified additional high-priority gold-silver targets at the Finn to Creek corridor on the JD Project. Historical trenching data review has confirmed significant gold-silver mineralization, with continuous zones of high-grade mineralization. The complex epithermal environment indicates strong prospectivity, supporting the upcoming 2024 exploration program, which will include drilling and various surveys.

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Sun Summit Minerals (SMREF) has provided a corporate update for 2024, highlighting key achievements and future plans. The company successfully executed an option agreement to acquire 100% of the JD Project in north-central B.C., completing over 2,500 metres of diamond drilling across 12 holes. Significant results from the Creek Zone included intersections of 122.5 metres of 2.1 g/t Au and 57.95 metres of 2.7 g/t Au.

The company completed its earn-in agreement for 100% ownership of the Buck Project and plans aggressive exploration for 2025, focusing on the Creek and Finn Zones. The exploration program will include confirmation, infill, and step-out drilling to investigate high-grade and bulk-tonnage gold mineralization potential.

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Sun Summit Minerals has outlined its 2025 exploration program at the JD Project in British Columbia. The program focuses on the Finn Zone and Creek Zone, targeting high-grade and bulk-tonnage gold potential through targeted and infill drilling. Historical intercepts at Finn Zone include up to 35.7 m of 7.26 g/t Au, while Creek Zone showed results up to 122.53 m of 2.11 g/t Au. The company plans to evaluate newly identified porphyry and epithermal targets, including Creek North, Belle North, and Fericrete. Additional geophysical and geochemical surveys will be conducted across underexplored areas with porphyry copper potential.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announces a live virtual presentation scheduled for November 18, 2024, at 1:15 pm PST / 4:15 pm EST. President Sharyn Alexander will present an overview of the JD Project located in the Toodoggone gold-copper district of northern-central British Columbia. The webinar will cover the interpretation of the 2024 exploration program and outline plans for the 2025 field season. The event includes a Q&A session and is open to all existing and potential shareholders.

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Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) has reported final results from its 2024 exploration program at the JD Project in B.C.'s Toodoggone District. Key findings include mineralization in all 12 drill holes, with the Creek Zone remaining open for expansion. Notable results include a grab sample returning 222 g/t Au and hole JD-24-011 intersecting 2.4 metres of 114.39 g/t Ag with 0.40 g/t Au. The company identified new porphyry and epithermal targets, and discovered a porphyry system north of the Creek Zone. Multiple soil geochemical anomalies were defined at Creek and Belle zones. Sun Summit is planning an aggressive exploration program for 2025, including infill and step-out drilling at Creek and Finn zones.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announced drill results from its fifth hole at the JD Project in the Toodoggone District, B.C. Hole CZ-24-005 intersected:

- 64.16 metres of 0.69 g/t gold from 46.84 metres
- 57.95 metres of 2.69 g/t gold from 145.05 metres, including:
• 19.50 metres of 7.31 g/t gold
• 362 g/t gold over 0.25 metres
• 53.60 g/t gold over 0.58 metres
• 21.60 g/t gold over 0.50 metres

The results demonstrate open high-grade gold mineralization and near-surface disseminated mineralization. The hole represents a 100-metre step-out to the east from previous drilling, showing the Creek Zone remains open in most directions.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has appointed Terry Salman, C.M., as Strategic Advisor. With 35 years of experience in exploration finance, Salman is currently Chairman of the Essential Needs Foundation and CEO of Salman Partners Inc. His career includes executive roles at Nesbitt Thomson and founding Salman Partners, where he helped raise over $20 billion for more than 400 exploration and mining companies.

Salman has received numerous accolades, including the 2016 Murray Pezim Award and induction into the Cambridge House Resource Hall of Fame. He was recently appointed to the Order of Canada and received the Public Service Star from the President of Singapore. Sun Summit's President, Sharyn Alexander, expressed confidence that Salman's strategic insights will help elevate the company's growth trajectory.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announces significant drill results from its JD Project in the Toodoggone District, B.C. Hole CZ-24-004 intersected 122.53 metres of 2.11 g/t gold, including 20.0 metres of 10.01 g/t gold and 1.52 metres of 121.0 g/t gold. These results demonstrate both high-grade and bulk-tonnage gold mineralization potential in the Creek Zone.

The drill program consisted of 2,537 metres across 12 holes, with results from the remaining eight holes pending. The company aims to confirm high-grade gold presence, define a structural model, and investigate disseminated mineralization. Additional results from soil and rock geochemical surveys, as well as geophysical data, are also expected.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has announced initial drill results from its exploration program at the JD Project in the Toodoggone District, B.C. The first three drill holes at the Creek Zone intersected high-grade vein-hosted mineralization within broad zones of disseminated gold mineralization. Highlights include:

- 61.52 metres of 1.07 g/t gold, including 43.49 metres of 1.40 g/t gold and 3.60 metres of 7.28 g/t gold (CZ-24-001)
- 29.08 metres of 1.64 g/t gold, including 9.52 metres of 3.89 g/t gold (CZ-24-002)
- 95.50 metres of 0.70 g/t gold, including 34.0 metres of 1.32 g/t gold (CZ-24-003)

These results demonstrate the potential for both high-grade and bulk-tonnage style gold mineralization in this under-explored area. Assays from the remaining nine drill holes are pending, along with results from soil and rock geochemical surveys and an IP geophysical survey.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has completed its 2024 exploration program at the JD Project in the Toodoggone mining district, British Columbia. The program included:

  • Over 2,500 metres of diamond drilling across 12 holes
  • Collection of 1,220 soil samples and 51 rock samples
  • A 20-line kilometre Induced Polarization (IP) geophysical survey
  • A project-wide LiDAR survey

The exploration focused on extending known high-grade, near-surface mineralization at the Creek Zone and testing new targets within the Finn to Creek Corridor. Assay results are pending and will guide future drill planning. Sun Summit's President, Sharyn Alexander, expressed optimism about the project's potential in this prolific and under-explored district.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has commenced its inaugural exploration campaign at the JD Project in north-central British Columbia. The project, spanning 15,000 hectares in the Toodoggone gold-copper mining district, hosts numerous under-explored gold-silver and copper-gold targets. Key highlights include:

1. An inaugural drill program targeting high-grade gold-silver mineralization, with up to 3,000 metres planned.
2. Initial focus on the Creek Zone, where historical drilling yielded impressive results like 22.0 metres of 11.7 g/t Au.
3. Complementary exploration activities including IP geophysical survey, soil geochemical survey, geological mapping, and LiDAR survey.

The company aims to explore potential extensions of high-grade gold mineralization and investigate multiple target areas across the 4.5-kilometre Finn to Creek Corridor and Belle target areas.

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FAQ

What is the current stock price of SUN SUMMIT MINERALS (SMREF)?

The current stock price of SUN SUMMIT MINERALS (SMREF) is $0.0669 as of December 20, 2024.

What is the market cap of SUN SUMMIT MINERALS (SMREF)?

The market cap of SUN SUMMIT MINERALS (SMREF) is approximately 5.4M.

What is Sun Summit Minerals Corp focused on?

Sun Summit Minerals Corp is focused on expanding and discovering district-scale gold and copper assets in British Columbia.

What recent achievements has the company made?

Recent achievements include identifying additional high-priority gold-silver targets at the Finn to Creek corridor on the JD Project.

What upcoming exploration activities are planned?

The upcoming 2024 exploration program will include drilling, geological and structural mapping, soil and rock geochemical surveys, and geophysical surveys.

What does the complex epithermal environment indicate?

The complex epithermal environment indicates high potential for prospectivity, with different silver to gold ratios suggesting strong structural complexity and multiple phases of mineralization.

How will the company utilize the proceeds from the Private Placement?

The proceeds from the Private Placement will be used for exploration and development of the Company's mineral property interests in British Columbia, Canada, and for general working capital purposes.

What community engagement initiatives is the company involved in?

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.

SUN SUMMIT MINERALS CORP

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63.96M
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