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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) (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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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has signed a Letter of Intent to option the JD Project in the Toodoggone gold-copper district in British Columbia. The project offers high-grade gold and silver mineralization potential, significant porphyry-related copper mineralization discovery potential, and is located in a prolific exploration jurisdiction. The acquisition provides the Company and its shareholders with significant new discovery potential and ongoing value creation.
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Sun Summit Minerals Corp. plans to complete an initial Mineral Resource Estimate (MRE) for the Buck Main zone of the Buck Project in British Columbia by Q1 2024. The known mineralized footprint demonstrates strong near-surface grade continuity and has the potential for expansion. The company will continue drilling and exploration throughout the project area to identify additional mineralization. Completion of the MRE will be a significant milestone for the company.
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Sun Summit Minerals Corp. announces additional assay results from recent drilling at the Buck Main target, indicating significant expansion potential of gold, silver, and zinc mineralization.
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Sun Summit Minerals Corp. announces strong copper mineralization in new zone at Buck Project, with rock samples returning up to 1.00% Cu and 3.2 g/t Ag. Target areas remain open for expansion. Completion of step-out drill program at Buck Main with significant gold, silver, and zinc mineralization. Remaining assay results being processed. Positive potential for depth extension of bulk tonnage-style mineralization. Engaging with First Nations for community support.
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Sun Summit Minerals Corp. announces positive initial results from its summer 2023 exploration drill program at the Buck Main target, indicating significant gold, silver, and zinc mineralization. The results support the potential for depth extension of bulk tonnage-style disseminated mineralization at Buck Main. The ongoing drill program consists of approximately 3,500 meters over 15 drill holes. Results from the extensive surface exploration program in the Mt Morice and CR area are pending. The known mineralized footprint measures over one kilometer in strike length with mineralization open in all directions.
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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
OTC:SMREF
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63.96M
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