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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 has mobilized its field crew to the JD Project in British Columbia's Toodoggone district, initiating its first drill campaign. The project spans 15,000 hectares and targets epithermal-related gold-silver and porphyry-related copper-gold. The inaugural campaign includes 3,000 meters of drilling, focusing on near-surface mineralization in the Creek to Finn Corridor. Additionally, a 20-line kilometer IP geophysical survey and 2,000 soil samples will be collected, supported by APEX Geoscience. The team will operate from Thesis Gold's camp. Historical drilling in 1997 at the Creek Zone revealed significant gold values. Sun Summit aims to expand on these findings and identify new targets with detailed geological mapping, LiDAR surveys, and structural analysis. The company is also engaging with local First Nations for community initiatives.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announced its 2024 exploration plans for the JD Project in British Columbia. The program includes diamond drilling at high-priority zones, LiDAR and IP surveys, structural mapping, soil geochemical sampling, and prospecting. Up to 4,000 meters of drilling are planned, starting with 2,000 meters at Creek and Finn zones. A 20-line kilometer IP survey will cover new targets. The program aims to commence in late June, with drilling expected by mid-July.

The JD Project spans 15,000 hectares in the Toodoggone gold-copper district. Historical data reveals significant gold and silver potential. For example, the Creek Zone drilling returned 22.0 meters at 11.7 g/t Au, including 4.0 meters at 61.2 g/t Au. Similarly, the Finn Zone showed 35.7 meters at 7.26 g/t Au, including 1.0 meters at 215.4 g/t Au. Detailed structural mapping and soil sampling are expected to refine targets further. Sun Summit is collaborating with APEX Geoscience for the field program and engaging with local First Nations for community support.

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Sun Summit Minerals Corp. (TSXV: SMN, OTCQB: SMREF) has confirmed significant near-surface, high-grade gold and silver mineralization along the Finn to Creek corridor at the JD Project in north-central British Columbia. Historical trenching data reveal continuous gold and silver zones with notable intervals including 45.5m at 6.1 g/t Au in the Finn Zone and 5.0m at 5.6 g/t Au with 296 g/t Ag in the JD West Zone. The 2024 exploration program will involve significant drilling, geological mapping, and geochemical surveys. The press release emphasizes the high prospectivity due to complex epithermal environments and the potential for multiple phases of mineralization at the JD Project.

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has identified multiple high-grade gold-silver targets at the JD Project in British Columbia. The extensive data review revealed priority drill targets, zones with high-grade mineralization, and broad areas of gold-in-soil anomalism. The 2024 exploration program includes geological surveys and drilling. The company aims to generate high-potential drill targets and prioritize untested areas for exploration.

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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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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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5.37M
63.96M
8.63%
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