Business
Sun Peak Metals Provides an Update on the Shire Project
VANCOUVER, BC / ACCESS Newswire / June 27, 2025 / Sun Peak Metals Corp. ("Sun Peak" or the "Company") (TSXV:PEAK) (OTCQB:SUNPF) provides an update on the explor
About this update from Sun Peak Metals Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / June 27, 2025 / Sun Peak Metals Corp. (\"Sun Peak\" or the \"Company\") (TSXV:PEAK) (OTCQB:SUNPF) provides an update on the exploration work on the Shire VMS and gold Project in northern Ethiopia. Exploration activities, including the Time Domain Electromagnetic (\"TDEM\") survey, have been temporarily paused in line with the beginning of the rainy season and seasonal planning. The TDEM program, initiated in January 2025, progressed steadily despite political challenges in the region, demonstrating the team's adaptability and commitment to advancing exploration in a dynamic environment. The survey results will be used to refine drill targets for the next phase of exploration. Highlights: TDEM program: Despite delays caused by political tension in Tigray, the Company completed TDEM coverage over several high-priority areas on the Meli and Anguda Mineral Trends. A number of additional high-priority VMS zones have been earmarked for future surveying and will be addressed as access conditions continue to improve. Detailed geological mapping and rock sampling continued over numerous locations on the Shire Project resulting in the identification of several new gossanous VMS and gold targets. Drill program: Data from the completed TDEM work will be used to refine and prioritize targets for the next drill campaign on the Shire Project. Greg Davis, President & CEO, stated: \"While the regional situation and political tensions impacted the pace of our TDEM work, we're encouraged by the quality of the data we were able to collect. These results will be instrumental in refining drill targets for the next phase of exploration. We remain committed to the Shire Project and look forward to resuming exploration work, including drilling, both after the rainy season and once stability conditions improve.\" Exploration Outlook In total, the TDEM survey completed 938 stations on 43 lines over 5 target areas. The data from the survey is being compiled with other geological, geophysical, and geochemical data to identify and prioritize drill targets. However, evolving regional conditions in Tigray influenced the pace of survey completion, and the Company remains attentive to opportunities for resuming full coverage as the situation stabilizes. The results from the compilation work and future planned TDEM surveys w...