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Sun Peak Metals Identifies Several New VMS Gossans Returning up to 29.2 g/t Gold and 118 g/t Silver and Provides Target Development Update
VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Sun Peak Metals Corp. (" Sun Peak " ...
About this update from Sun Peak Metals Corp.
[{"type":"text","content":"Sun Peak Metals Identifies Several New VMS Gossans Returning up to 29.2 g/t Gold and 118 g/t Silver and Provides Target Development UpdateVANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Sun Peak Metals Corp. (\"Sun Peak\" or the \"Company\") (TSXV:PEAK)(OTCQB:SUNPF) is pleased to announce that several new gold-rich VMS gossans representing new VMS targets, have been identified at the Shire Project in Ethiopia, with assay results returning up to 29.2 g/t gold and 118.0 g/t silver. These new VMS \"pipeline targets\" have been discovered through ongoing prospecting and geological mapping as part of the Company's target development work.The Company also provides an update on current exploration activities which are focused on the high priority targets within the Meli and Anguda Trends.Key Highlights:Detailed geological mapping and rock sampling has been conducted over numerous locations on the Shire Project resulting in the identification of several new gossanous VMS targets.Fifteen grab samples collected from the Gabat VMS gossan returned excellent grades for gold and silver, with 6 returning over 5 g/t Au and 3 returning over 20g/t Au to a high of 29.2 g/t Au, while 6 samples returned over 10 g/t Ag to a high of 118 g/t Ag.Rock sampling conducted at the Dermi VMS Target returned up to 7.32 g/t Au and 109.8 g/t Ag.The new VMS gossans will also be investigated for copper-zinc potential within the primary massive sulphide zone below the oxidize cap.Geophysical crews and equipment were mobilised to Shire in early January to conduct ground TDEM surveys over the Meli Trend, and Anguda North Target areas.2025 ExplorationGround Time-Domain Electro-Magnetic (\"TDEM\") surveys are currently being conducted on both the Meli Trend and Anguda North Target. This work is being used to prioritize the next drill locations; the drill is on site and drilling will commence once the TDEM results are received and interpreted.Field exploration crews have been active over the past five months at the Shire Project, conducting detailed geological mapping, rock sampling, and grid-based soil sampling on numerous VMS trends, priority and pipeline target areas(see Shire Project maps - Map 1 and Map 7). The newly identified gossans show significant gold and silver in grab samples at surface. The primary massive sulphide zone below the gossan targets will ...