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Sun Peak Metals Confirms Strong VMS And Orogenic Gold Potential Across Newly Acquired Round 9 Licenses in Saudi Arabia
VANCOUVER, BC / ACCESS Newswire / May 26, 2026 / Sun Peak Metals Corp. (TSXV:PEAK) (OTCQB:SUNPF) ("Sun Peak" or the "Company") today provided an update on the
About this update from Sun Peak Metals Corp.
[{"type":"text","content":"\n \nVANCOUVER, BC / ACCESS Newswire / May 26, 2026 / Sun Peak Metals Corp. (TSXV:PEAK) (OTCQB:SUNPF) (\"Sun Peak\" or the \"Company\") today provided an update on the strong geological prospectivity identified across seven exploration licenses acquired through Saudi Arabia's Round 9 licensing process (see Sun Peak news release dated March 31, 2026).\nAn independent technical review completed by SRK Consulting (UK) Ltd, together with advanced remote sensing, alteration mapping, and initial fieldwork by the Company, has confirmed multiple high-priority targets prospective for volcanogenic massive sulphide (\"VMS\") and orogenic gold mineralization. Some 58 direct-detection exploration targets have been identified that will be advanced through follow-up exploration in the coming weeks.\nThe seven licenses acquired in Round 9 cover 632 km² within the highly prospective Arabian-Nubian Shield and are strategically located near the Nuqrah VMS deposit and the Bulghah and Sukhaybarat gold mines operated by Ma'aden (Map 1). The Sukhaybarat and Bulghah operations collectively produce approximately 74,000 to 82,000 ounces of gold annually.\nWith these additions, Sun Peak's total land position in Saudi Arabia now totals 1,072 km² across 13 100%-owned exploration licenses, establishing one of the largest junior-held exploration portfolios in the Kingdom.\nGreg Davis, CEO of Sun Peak Metals, commented: \"Our Round 9 license strategy was designed to secure highly prospective ground in proven mineral belts, and the results of our exploration team's initial field work along with SRK's independent review strongly validate that approach. The high number of defined exploration targets, supported by extensive historical drilling and multiple converging datasets, significantly advances our understanding of these assets and provides a clear roadmap for exploration. Importantly, this work substantially de-risks the portfolio and allows us to rapidly prioritize field programs and drill targeting.\"\nMap 1. Seven Licenses Awarded to Sun Peak in Saudi Arabia's Round 9 Auction\nReview Highlights\nSun Peak's initial assessment of the new licenses included a detailed compilation and interpretation of historical and newly available datasets, integrating geological, geochemical, geophysical, recent remote sensing analysis and initial field work to assess ...