Latest news with #SunSummit
Yahoo
07-04-2025
- Business
- Yahoo
Sun Summit Files NI 43-101 Technical Report for the Inaugural Mineral Resource Estimate on the Buck Project, Central B.C.
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that it has filed an independent technical report (the "Technical Report") with a mineral resource estimate (MRE) as described more fully in the Technical Report and the Company's news release dated February 26, 2025. The Technical Report titled "2025 Mineral Resource Estimate for the Buck Main Deposit NI 43-101 Technical Report", dated April 2, 2025 (effective date of January 28, 2025), has been prepared by Moose Mountain Technical Services, and is available on the Company's Website ( and on SEDAR+ ( under Sun Summit's issuer profile. Highlights: Inferred Mineral Resources at Buck Main are estimated to include 820,400 oz AuEq1 (775,500 oz gold and 8,435,000 oz silver) at a grade of 0.489 g/t AuEq1 (0.462 g/t Au, 5.0 g/t Ag) contained within 52.2 Mt. Indicated Mineral Resources at Buck Main are estimated to include 19,100 gold equivalent ounces1 (oz AuEq) (18,300 oz gold and 158,000 oz silver) at a grade of 0.519 g/t gold equivalent1 (g/t AuEq) (0.496 g/t Au, 4.3 g/t Ag) contained within 1.15 million tonnes (Mt). The near-surface Mineral Resource at Buck Main is constrained within an optimized open-pit shell using a 0.25 g/t AuEq cutoff, ensuring reasonable prospects for economic extraction. Additional upside at Buck Main as the deposit remains open for expansion in most directions and at depth. Effective discovery with average drill costs of CAD $18 per ounce of AuEq included in the MRE. Notes: 1. Gold Equivalent (AuEq) grade is based on AuEq = Au + 0.0053*Ag (see notes to Table 1 below) The Buck MRE is centered on the Buck Main deposit, 12 km south of Houston, BC. The road accessible deposit comprises a broad, 800 metre striking zone of intermediate-sulfidation epithermal-related gold-silver mineralization hosted in intermediate to felsic volcanics and intrusions. The MRE is based on 42,440 metres of drilling in 161 holes, of which 34,386 metres in 98 holes were completed by Sun Summit between 2020 and 2023 (Figures 1 and 2, Table 3). Buck Main Mineral Resource Estimate Table 1. Summary of Indicated and Inferred Mineral Resources for the Buck Main deposit Class AuEqCutoff In Situ Tonnage and Grade AuEq Metal AuMetal Ag Metal Tonnage AuEq Au Ag NSR (gpt) (ktonnes) (gpt) (gpt) (gpt) ($CDN) (kOz) (kOz) (kOz) Indicated 0.25 1,148 0.519 0.496 4.3 40.40 19.1 18.3 158 Inferred 0.25 52,224 0.489 0.462 5.0 38.04 820.4 775.5 8,435 Notes to the 2025 Resource Table: Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines, as required National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") The base case Mineral Resource has been confined by "reasonable prospects of eventual economic extraction" shape using the following assumptions: Metal prices of US$2250/oz Gold, US$26/oz Silver Metallurgical recovery of 79% Gold and 38% Silver Payable metal of 95% Silver, 99% Gold in dore Forex of 0.72 $US:$CDN Offsite costs (transport, smelter treatment and refining) of CDN$8.50/oz Gold and CDN$0.25/oz Silver. Processing Costs of CDN$12/tonne milled and General & Administrative (G&A) costs of CDN$ 2.50/ tonne milled Mining cost of CDN$2.56 / tonne for mineralized material and CDN$2.50/tonne for waste 45-degree pit slopes The 120% price case pit shell is used for the confining shape The resulting net smelter return (NSR) for the purpose of the AuEq calculation = Au*CDN$98.60/g*79% recovery rate + Ag*CDN$1.08/g*38% recovery rate The resulting AuEq = Au + 0.0053*Ag Numbers may not add due to rounding Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated mineral resources will be converted into mineral reserves. The Mineral Resources for the Buck Main deposit have been estimated using a 0.25 g/t AuEq cutoff determined using assumptions listed in the footnotes of Table 1. These assumptions satisfy the requirements of reasonable prospects for eventual economic extraction. Table 2 shows cutoff sensitivities at different grades. Table 2. Buck Main deposit cutoff sensitivities Class AuEq Cutoff(gpt) In Situ Tonnage and Grade AuEq Metal(kOz) Au Metal(kOz) Ag Metal(kOz) Tonnage(ktonnes) AuEq(gpt) Au(gpt) Ag(gpt) NSR($CDN) Indicated 0.2 1,604 0.435 0.414 3.9 33.85 22.4 21.3 203 0.25 1,148 0.519 0.496 4.3 40.40 19.1 18.3 158 0.3 852 0.605 0.580 4.6 47.09 16.6 15.9 126 0.35 645 0.695 0.669 5.0 54.12 14.4 13.9 103 0.4 494 0.793 0.765 5.4 61.76 12.6 12.1 85 0.5 317 0.989 0.957 6.0 76.99 10.1 9.8 61 1 91 1.783 1.743 7.5 138.87 5.2 5.1 22 Inferred 0.2 70,847 0.419 0.394 4.7 32.60 953.5 897.2 10,617 0.25 52,224 0.489 0.462 5.0 38.04 820.4 775.5 8,435 0.3 39,248 0.560 0.532 5.3 43.60 706.5 670.9 6,721 0.35 30,088 0.632 0.602 5.6 49.21 611.3 582.5 5,419 0.4 23,644 0.703 0.671 5.9 54.71 534.0 510.3 4,477 0.5 15,697 0.833 0.800 6.3 64.87 420.4 403.6 3,171 1 3,126 1.485 1.440 8.5 115.64 149.2 144.7 857 Table 3. Drill data used in the Mineral Resources Estimate Year Total Number of DHs Total Depth (m) Length Assayed (m) Total % Assayed (m) Number of DHs within Domains Assayed Within Modelled Domains (m) % Assayed within the Domains Total 161 42,440 39,737 94% 123 27,034 99% Figure 1: Buck Main Drilling and Resource Pit Outline To view an enhanced version of this graphic, please visit: Figure 2: Buck Main 3D View of Resource Constraining Pit showing AuEq blocks above 0.2 g/t To view an enhanced version of this graphic, please visit: Discovery Metrics Sun Summit has efficiently delineated the Buck Main deposit with a total drilling cost of approximately CAD$18 per AuEq ounce included in the MRE. Since 2020, the Company has completed 98 drill holes at Buck Main, totaling over 36,400 meters. The MRE was informed by assay results from 123 drill holes and 27,034 metres of assayed intervals. The Company incurred CAD $15 million in drilling expenditures since 2020. The low discovery cost reflects the efficiency of Sun Summit's exploration strategy, which included systematic targeting using advanced geological modeling, geophysical surveys, and geochemical analysis. This exploration success underscores the strong potential for further resource growth, as the deposit remains open in multiple directions. Next Steps Additional metallurgical testing will be initiated to optimize metal recoveries and evaluate potential byproduct elements, ensuring the economic viability of future mining operations. Further drilling designed to investigate the extents of the Buck Main deposit is recommended. Areas open to the north, west, and east will be targeted in future drill programs. National Instrument 43-101 Disclosure The Buck Main MRE was prepared by Sue Bird, V.P. of Resources and Engineering at Moose Mountain Technical Services, an independent Qualified Person as defined by NI 43-101. Darcy Baker, President of Equity Exploration Consultants Ltd, assisted in the preparation of the report and is the Qualified Person responsible for certain sections of the report. Sue Bird has reviewed and approved the technical information about the MRE in this news release. Mineral resources that are not mineral reserves do not have demonstrated economic viability; however, a reasonable prospect of eventual economic extraction pit has been used to confine the Mineral Resource Estimate using parameters detailed in the table notes. The QP for the Mineral Resource Estimate is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the potential development of Mineral Resource Estimate. Factors that may affect the estimates include: metal price assumptions, changes in interpretations of mineralization geometry and continuity of mineralization zones, changes to kriging assumptions, metallurgical recovery assumptions, operating cost assumptions, confidence in the modifying factors, including assumptions that surface rights to allow mining infrastructure to be constructed will be forthcoming, delays or other issues in reaching agreements with local or regulatory authorities and stakeholders, and changes in land tenure requirements or in permitting requirement. This news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Upcoming Events Sun Summit is pleased to announce its participation in two regional BC events. The Company will display drill core from the 2024 JD exploration program and drill core from the Buck Main zone from April 8-9 at the KEG 2025 Conference and Trade Show ( and, again at the Minerals North Conference ( in Prince George, BC, from April 30 to May 2. Community Engagement Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration. About the Buck Project The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration. The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main. Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs. About Sun Summit Sun Summit (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C. Further details are available at Link to Figures Figure 1: Figure 2: On behalf of the board of directors Niel MarottaChief Executive Officer & Directorinfo@ For further information, contact: Matthew Benedetto, Simone Capitalmbenedetto@ Tel. 416-817-1226 Forward-Looking Information Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, estimates of mineral resources, potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
17-03-2025
- Business
- Associated Press
Eagle Plains and Sun Summit Minerals Execute Option Agreement for the Theory Copper-Gold Project, British Columbia
CRANBROOK, BC / ACCESS Newswire / March 17, 2025 / Eagle Plains Resources Ltd. (TSX-V:EPL) ('EPL' or 'Eagle Plains') and Sun Summit Minerals Corp. (SMN; SMREF) ('SMN' or 'Sun Summit') are pleased to announce that further to their respective news releases dated January 13, 2025 the parties have entered into an option agreement (the 'Option') dated February 13, 2025, pursuant to which Sun Summit has been granted the exclusive right to acquire up to a 100% interest in the Eagle Plains' wholly-owned Theory copper-gold project ('the Project'). The 9676ha Theory Project is considered to be highly prospective for both epithermal gold and copper-gold porphyry deposits. The Project is located in north-central B.C. within the Toodoggone Mining District, and is in close proximity with Sun Summit's JD Project. The project area shares similar geology to the JD Project and Thesis Gold's Ranch-Lawyers Projects. The property is owned 100% by Eagle Plains, with 122 hectares of the property subject to an underlying 0.5% Net Smelter Royalty held by a third party. To exercise the Option, Sun Summit must make a series of cash payments and share issuances to Eagle Plains and fund exploration expenditures on the Project. These payments, share issuance and expenditures are separated into two phases, with the first Option entitling the Company to acquire a 75% interest in the Project by paying CA$255,000, issuing an aggregate of 750,000 common shares to EPL and funding CA$3,000,000 in exploration expenditures on the Project by over a four-year term, including diamond drilling in years three and four. Pursuant to the second phase of the Option, the Company may acquire an additional 25% interest in the Project (for a 100% total interest) by notifying Eagle Plains of its intent to increase its interest to 100% and making an additional one-time payment of CDN$ 1,000,000 cash, of which half may be paid in Sun Summit shares valued at the time of notification. If the First Option or the Second Option is exercised, a 2% smelter returns royalty will be granted to the Eagle Plains over the entire property, 1% of which may be repurchased for CA$1,000,000. Following the exercise of the First Option by the Company, the Company and the Vendor will form a joint venture which will administer the continued exploration and operation of the Project. Eagle Plains will serve as Operator under the terms of Option 1 and will reserve the right to use Terralogic Exploration Services as geoscience consultant. Following the exercise of Option 1 and in the event of failure to exercise Option 2, Sun Summit and EPL shall then form a 75/25 joint venture ('JV') to further explore and develop the Property. Following a target identification exercise, an exploration plan and budget will be defined for the 2025 season. Minimum expenditures in 2025 are $200,000 with work expected to be conducted from the JD camp. A new mineral exploration permit ('MX permit') will need to be secured for any future diamond drilling. The application process will be initiated by Sun Summit shortly after execution of this formal agreement. Chuck Downie, President and CEO of Eagle Plains, commented: 'We are excited to partner with the Sun Summit team to advance the Theory Project. Recent success by Sun Summit at their adjacent JD project, as well as spectacular drillhole intercepts from Amarc Resources at the nearby Joy Project underline the Toodoggone District as one of the premier copper-gold exploration camps in North America. Attracting Sun Summit to advance the early-stage Theory project after EPL completed a single, low-cost exploration program, validates Eagle Plains' project generator model.' Niel Marotta, CEO of Sun Summit, commented: 'We are pleased to finalize the Theory Option Agreement. This enlarged district scale Copper-gold project represents an exciting opportunity to revive exploration in the northern part of the Toodoggone mining district. We wish to thank Eagle Plains for having the business acumen to acquire an extensive land package with regional exploration targets. This deal, combined with the JD property, adds to the potential for a significant discovery and significantly enhances our strategic position in the Toodoggone Mining District. By combining the Theory and JD Projects, we create a district-scale opportunity with exceptional exploration potential and significant logistical synergies. The option terms are both manageable and structured, allowing us to maintain financial flexibility while advancing exploration efforts. This acquisition aligns with our goal of building a robust, diversified portfolio in this highly active mining district, and we look forward to unlocking the full potential of these assets.' See Theory Project Information and Map here The 9676ha Theory Property is located in northern BC within the Toodoggone Mining District. The district is endowed with both epithermal gold and porphyry copper-gold deposits, most notably the past producing Kemess Mine owned by Centerra Gold. The Omineca Resource Road provides access to the region from Mackenzie, BC. Recent road upgrades completed in 2023 by Thesis Gold on their Lawyers-Ranch Project brought road access to within 8 kms of the Theory property. Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics which unconformably overlie late Triassic Takla Group volcanics. The entire package of rocks is intruded by late Triassic and early Jurassic stocks. The majority of the Theory property encompasses the highly prospective Jurassic-Triassic unconformity (~200 Ma), termed by the BC Geologic Survey as the 'Red-Line', which is known to have a high spatial correlation to many of the known deposits throughout the Golden Triangle and Toodoggone. Exploration by previous operators has been intermittent since the mid-1960's and regional government surveys are sparse, however encouraging mineralization and alteration commonly associated with both epithermal and porphyry systems has been documented. The most significant documented work was completed in 1988 in the north and west areas of the Theory project area. Work consisted primarily of alpine ridge and subalpine prospecting traverses as well as reconnaissance soil sample lines in areas where no outcrop was present. This work documented occurrences of low-sulphidation epithermal-related mineralization including quartz-barite veins with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at the DM occurrence (BC Minfile 094E 231)*; and a quartz carbonate vein system with up to 6.8 g/t Au and 1,480 g/t Ag at the Fred-1 occurrence (BC Minfile 094E 402)*. The BEV occurrences (BC Minfile 094E 259)*, interpreted as a Cu-Au porphyry target, returned select historical rock results up to 0.47% Cu, 10.5 g/t Ag, and 0.13 g/t Au. Detailed soils revealed a 1.6 by 2 kilometre copper-in-soil anomaly with peak soil results to 920 ppm Cu. Very little work is documented in the south and eastern parts of the property. Exploration success in the area has been highlighted by the recent announcement by Thesis Gold at their Lawyers-Ranch Project of a combined Measured and Indicated Mineral Resource of 4.0 Moz and an Inferred Mineral Resource of 727 Koz at respective grades of 1.51 and 1.82 g/t AuEq. (Thesis Gold, May 1, 2024 News Release) In late 2023 Eagle Plains acquired the property through staking and third-party agreements. After undertaking initial compilation and interpretation of historical data on the project, Eagle Plains completed a property wide, high resolution airborne magnetic and radiometric survey in July 2024. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. Qualified Persons Charles C. Downie, a 'qualified person' for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release. About Eagle Plains Resources Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy. The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd. (CSE:"ER') was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On October 2, 2024, Eagle Plains announced announce the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ('OP') will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada. Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. On behalf of the Board of Directors 'C.C. (Chuck) Downie' President and CEO For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Yahoo
29-01-2025
- Business
- Yahoo
Sun Summit Announces Management Changes
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to announce the appointment of Mr. Niel Marotta as the Company's new Chief Executive Officer ("CEO") and Director, effective immediately. The Company also announces that Ms. Sharyn Alexander will step down as President and transition into a new role as Project Advisor, where she will continue to contribute her expertise to project planning and strategic decision-making. Ms. Alexander joined Sun Summit in 2019 as VP of Technical Services and was appointed President in 2021. During her tenure, she played a pivotal role in advancing the Company's projects in British Columbia's highly prospective mining regions, building strong relationships within the industry, and strengthening the Company's technical capabilities. Her leadership has been instrumental in positioning Sun Summit for future growth, and the Board of Directors extends its heartfelt appreciation for her dedication and achievements. The appointment of Mr. Marotta marks an exciting new chapter for Sun Summit. Mr. Marotta brings an exceptional track record of leadership, investment expertise, and entrepreneurial success. He was a top-performing fund manager at Fidelity Management and Research Company (FMR Co.) in Boston, where he managed a portfolio of over $1 billion across several industries, including the Fidelity Select Gold Portfolio, a precious metals equity focussed fund. Mr. Marotta also served as Vice President of Orezone Resources, and was instrumental in its $350 million acquisition by Iamgold in 2009. Subsequently, he worked as an investment banker and entrepreneur, has been involved in financings and M&A transactions exceeding $1 billion, and was a co-founder and served as CEO of Indiva. Mr. Marotta is a graduate of McGill University with a Bachelor of Commerce with Distinction. Included in Mr. Marotta's volunteer activity has been work with the Telfer School Capital Markets Mentorship Program. "I am very excited to work with the deeply experienced board, advisory team, and strong technical team at Sun Summit Minerals. The Toodoggone district in mining-friendly northern British Columbia is quickly becoming one of the most prolific exploration areas in Canada. Sun Summit's JD and Theory properties are strategically located and have the identical geological prowess of neighboring properties where recent discoveries are prominent. This provides an immediate opportunity to enhance shareholder value," said Niel Marotta. "The outlook for precious metals prices remains very positive, and the divergence between rising gold prices and the valuations of precious metals equities has never been greater, further reinforcing the opportunity to create value for Sun Summit shareholders." "On behalf of the Board of Directors of Sun Summit Minerals, I would like to welcome Niel in his appointment as CEO and Director," said Brian Lock, Executive Chairman of Sun Summit. "We believe the timing of the appointment is at a perfect junction given the excitement surrounding the recent discoveries in the Toodoggone area of B.C. coupled with the high-grade gold discovery at our JD property late 2024. We expect an aggressive exploration program this year spearheaded by our excellent geological team." Sun Summit remains committed to delivering value to its shareholders by advancing its portfolio of high-potential exploration projects in British Columbia. The Board is confident that with Mr. Marotta's leadership, supported by the strong technical and advisory teams, the Company is well-positioned to capitalize on growth opportunities and continue its trajectory of success. About the JD Project The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and Ranch projects, TDG Gold's Baker-Shasta projects, HDI Amarc's Aurora discovery, Centerra's Gold's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine. The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line. The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored. About the Buck Project The 100% owned Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration. The project is 60 kilometres southeast of Smithers and is located west of the past producing Equity Silver Mine (Newmont) and north of the Huckleberry copper mine (Imperial Metals). The project is host to the Buck Main intermediate-sulfidation, epithermal-related, gold-silver-zinc system characterized by continuous zones of disseminated and breccia-hosted, bulk tonnage-style mineralization. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main. Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and also defining additional drill targets across the entire land package through systematic exploration programs. About Sun Summit Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C. Further details are available at On behalf of the board of directors Brian Lock Executive Chairmanblock@ For further information, contact: Matthew BenedettoSimone Capitalmbenedetto@ Tel. 416-817-1226 Forward Looking Information Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
