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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 Corp. (TSXV: SMN) announces a non-brokered private placement to raise up to $3,000,000 for exploration and development of mineral properties in British Columbia, Canada.
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CEO.CA Technologies Ltd., a leading investor social network, shares exclusive updates with CEOs of junior mining explorers. Founded in 2012, CEO.CA is a popular financial platform in Canada and globally, connecting millions of investors worldwide.
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Sun Summit Minerals Corp. identifies high-priority gold targets at Creek zone in British Columbia, based on historical drill hole data. Multiple new target areas defined with high-grade gold mineralization. Follow-up drill testing and field programs planned for 2024 to explore bulk-tonnage potential and high-grade veins.
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Sun Summit Minerals Corp. has closed its option agreement to acquire a 100% interest in the JD Project in British Columbia. The company also intends to consolidate its outstanding common shares and anticipates trading on the TSX Venture Exchange on a post-consolidated basis on February 8, 2024.
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Sun Summit Minerals Corp. has identified high priority gold and silver drill targets at the Finn zone, central to the recently optioned JD Project in the Toodoggone gold-copper mining district in north-central British Columbia. The ongoing comprehensive review and compilation of property-wide historical data has resulted in the definition of multiple new target areas, including mineralization expansion potential within the Finn Zone. The Finn zone consists of strongly silica+clay+sericite altered polymictic breccias, locally cemented with quartz and mineralized with pyrite with lesser sphalerite, galena, and chalcopyrite. Multiple target areas have been defined for follow-up drill testing, and the Company is currently compiling, digitizing, and interpreting all historical exploration data collected since the early 1970s. The project is host to high-grade epithermal-related gold-silver systems and porphyry-related copper-gold systems.
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Sun Summit Minerals Corp. has obtained conditional TSX Venture Exchange approval for the option agreement to acquire a 100% interest in the JD Project in British Columbia. The company also plans to consolidate its outstanding common shares and has announced the new CUSIP and ISIN numbers.
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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has entered into a definitive option agreement to acquire a 100% interest in the JD Project in the Toodoggone gold-copper district in north-central British Columbia. The project contains significant mineralization, including high-grade gold and silver mineralization and potential for porphyry-related copper-gold systems, offering diversified and expanded project portfolio. Sun Summit must make cash payments, issue post-Consolidation common shares, and incur expenditures on the JD Project over six years to exercise the option.
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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) provided a corporate update and year-end review of 2023, highlighting the acquisition of the JD Project, commencement of an initial Mineral Resource Estimate at Buck Main, completion of 5,700 meters of drilling at the Buck project, acquisition of the CR Project, oversubscribed financing, and appointment of an Executive Chairman.
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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) engages Sue Bird, P.Eng., of Moose Mountain Technical Services to complete the initial Mineral Resource Estimate for the Buck Main zone of the Buck Project in central British Columbia. The Company has drilled over 34,000 meters in 98 diamond drill holes at Buck Main since 2020, with the mineralized footprint measuring over 1.1 kilometers in strike length, 700 meters in width, and mineralization open in all directions. The reporting of the Mineral Resource Estimate will comply with all disclosure requirements for mineral resources set out in the NI 43-101 Standards of Disclosure for Mineral Projects (2016).
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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) reports the final assay results from its 2023 multi-stage exploration program on the 52,000 hectare Buck Project, central British Columbia. The results demonstrate strong expansion potential for gold, silver, and zinc mineralization. The company plans to calculate an initial Mineral Resource Estimate (MRE) on Buck Main in Q1 2024.
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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 $0.21 as of October 15, 2024.
What is the market cap of SUN SUMMIT MINERALS (SMREF)?
The market cap of SUN SUMMIT MINERALS (SMREF) is approximately 13.1M.
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
OTC:SMREF
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13.12M
62.36M
8.65%
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