- Sun Summit Minerals Corp. (SMN) discovers new gold-silver-zinc mineralization on its Buck Property in British Columbia
- The zones of strong gold-silver-zinc mineralization were in the westernmost holes
- A follow-up drill program is being planned to evaluate the scale of mineralization
- Results for the remaining six holes are pending
- Sun Summit Minerals Corp. (SMN) is up 1.61 per cent and is trading at $0.31 per share as of 12:57 p.m. ET
Sun Summit Minerals (SMN) has reported initial drill results from its winter 2022 exploration drill program on its Buck Property in British Columbia.
Sun Summit discovered a new zone of strong gold-silver-zinc mineralization in the westernmost step-out holes (BK22-070, -071, -072) which intersected numerous targets of strong mineralization in a previously untested area.
These new zones significantly open exploration potential to the west, south and at depth of Buck Main. Cumulative grade thickness through all zones of mineralization in new holes compares favourably with other holes drilled about 500 metres to the east.
A systematic follow-up drill program is currently being planned to fully evaluate the scale and potential of this new discovery. Results for the remaining six holes are pending.
Sharyn Alexander, Sun Summit’s President, stated,
“These western step-out holes at Buck have significantly expanded our exploration footprint and provided us with a compelling priority target for systematic follow-up drilling… The style, polymetallic nature and grade of the new discovery zone are very similar to what is found in the Horseshoe zone 500 metres to the east.”
The holes confirm the company’s belief that it has just scratched the surface of the Buck Main system, where the limits of mineralization are still unrestricted.
Once all results have been reported, Sun Summit will compile the data to generate an updated geological model and design the systematic follow-up drill program testing these new zones of mineralization as well as previously discovered targets.
Sun Summit Minerals Corp. (SMN) is up 1.61 per cent and is trading at $0.31 per share as of 12:57 p.m. ET.