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Sun Peak Metals Corp. reports exploration and corporate updates for a mineral exploration portfolio focused on volcanogenic massive sulphide and gold systems in Saudi Arabia. Company news centers on its 100%-owned Safra, Halahila and Al Miyah projects, additional exploration licenses in the Arabian-Nubian Shield, and field programs using geological mapping, rock and soil sampling, trenching, gravity surveys, Time Domain Electromagnetic surveys and diamond drilling.
Recurring releases also cover completed portfolio expansion through the Saudi Discovery Company acquisition and Saudi licensing awards, assay results from gossans and artisanal workings, qualified-person review of technical disclosure, board and stock option matters, and other capital-structure or governance updates for SUNPF.
Sun Peak Metals (OTCQB:SUNPF, TSXV:PEAK) has started a maiden 2,500-metre diamond drill program at its 100%-owned Halahila gold-copper VMS project in Saudi Arabia.
Drilling targets a 650-metre gold- and silver-bearing gossan, EM conductors at depth, and follows 1,242 metres of recent drilling at the Safra VMS project.
Sun Peak Metals (OTCQB:SUNPF) reported strong VMS and orogenic gold potential across seven Round 9 exploration licenses in Saudi Arabia, covering 632 km². An SRK independent review and company work defined 58 direct-detection targets, including 15 priority areas, leveraging extensive historical drilling and sampling.
The licenses expand Sun Peak’s Saudi land position to 1,072 km² across 13 100%-owned licenses, near producing Ma’aden gold mines and the Nuqrah VMS deposit. Key targets include the Washaq VMS corridor and the NGZ orogenic gold target, though historical results are not yet independently verified.
Sun Peak Metals (OTCQB:SUNPF, TSXV:PEAK) has begun a fully funded maiden diamond drill program at the 100%‑owned Safra VMS Project in Saudi Arabia, with up to 1,500 metres planned. Initial drilling targets coincident gravity, TDEM conductors and high‑grade surface geochemistry beneath gossans.
Safra covers ~93 km2 in the Nuqrah VMS Belt; prior surface assays include 3.34 g/t Au, 6.72% Cu, 864 g/t Ag, and trench intervals to 22.5 m at 0.9 g/t Au. Drilling will move next to Halahila after Safra.
Sun Peak Metals (OTCQB:SUNPF) reported two new VMS gossan zones at its 100% owned Halahila project in Saudi Arabia, each ~200m long and 2–14m wide, with rock samples up to 1.32 g/t Au, 11 g/t Ag, 0.64% Cu, and 1.05% Zn. A 650m gossan at Halahila Main has modellable conductors and is drill ready, with drilling planned for late Q2.
Ongoing work includes mapping, rock sampling, ground TDEM, and detailed gravity surveys across the district-scale project.
Sun Peak Metals (OTCQB:SUNPF / TSXV:PEAK) reported initial surface sampling from the 100%-owned Al Miyah project (234 km2) in Saudi Arabia on April 23, 2026. The Hilux Zone returned up to 6.73 g/t Au from artisanal workings and up to 6.14 g/t Au from rock-chip samples. Hishashat grab samples returned up to 5.01% Cu, 1.45 g/t Au and 29.8 g/t Ag. Work to follow includes mapping, trenching, ground TDEM, gravity, IP surveys and a planned first drill program.
Sun Peak Metals (OTCQB:SUNPF) was awarded seven exploration licenses totaling 632 km2 in Saudi Arabia's Round 9 auction, finalized March 26, 2026, expanding the company's Saudi footprint to 1,072 km2 across 13 licenses with ~200 km2 under application.
New licenses sit near Bulghah and Sukhaybarat gold mines and the Nuqrah VMS deposit; initial fieldwork and geophysical surveys are underway.
Sun Peak Metals (OTCQB:SUNPF) released initial rock-chip and grab sampling results from the 100%-owned Halahila VMS project in Saudi Arabia on January 22, 2026. Mapping and sampling define a mineralized corridor of ~650 meters strike and up to 30 m width. Of 98 samples, 24 (25%) returned >1 g/t Au (max 16.35 g/t) and 28 (29%) returned >10 g/t Ag (max 180 g/t). The company plans Q1 2026 TDEM surveys and an initial drill program in Q3 2026; Sun Peak closed a $6.7M financing in December 2025 and is fully funded for systematic exploration.
Sun Peak Metals (OTCQB:SUNPF) announced it has commenced field exploration across multiple priority projects in Saudi Arabia after completing the acquisition of Saudi Discovery Company and closing a CAD$6.7M financing on November 28, 2025. Field work at Safra, Al Miyah and Halahila includes geological mapping, geochemical sampling, ~600 TDEM stations, drone and airborne surveys, and planned IP; drilling is anticipated later in 2026.
The company holds six 100%‑owned licenses (≈438 km²) and reported high surface assays, including up to 17.0 g/t Au, 6.72% Cu, and 19.05% Zn.
Sun Peak Metals (OTCQB:SUNPF) announced that its board granted 6,575,000 incentive stock options to directors, officers, employees and consultants.
The options are exercisable for up to five years at an exercise price of $0.38, equal to the closing share price on January 8, 2026, and were granted under the company's shareholder-approved stock option plan.
Contact: Greg Davis, President & CEO. The TSX Venture Exchange and its Regulation Services Provider did not accept responsibility for the adequacy or accuracy of the release.
Sun Peak Metals (OTCQB:SUNPF) completed its acquisition of Saudi Discovery Company SPV Limited on December 18, 2025 through a share exchange that issued 58,065,356 common shares to former SDC shareholders. The company also closed a related subscription receipt financing that raised $6,668,622.10 at $0.35 per receipt.
On closing, subscription receipts converted into units and warrants exercisable at $0.50 for 36 months; FinCo subsequently amalgamated and its shares and warrants were exchanged for Sun Peak shares and warrants. Sun Peak Shares issued in the Transaction are expected to be listed on the TSX Venture Exchange. Votes at the shareholder meeting represented 61.8% of outstanding shares with approval recorded as unanimous among eligible votes.