Business
Buck Property Update and Engagement of Mackie Research Capital Corporation
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - San Marco Resources Inc. (T...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"Buck Property Update and Engagement of Mackie Research Capital CorporationVancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - San Marco Resources Inc. (TSXV: SMN) (\"San Marco\" or the \"Company\") is pleased to announce that the historical data review nears completion on the Buck gold/silver/zinc property near Houston, B.C. This database, which is the consolidation of several millions of dollars of exploration work by previous property owners over the past 75 years, is proving to be invaluable in defining new drill targets. Mineralized volcanic breccia-hosted near-surface historical drill intercepts1 have been identified over an area of approximately 0.5 km2, including:30.75 m at 2.70 grams per ton (\"g/t\") gold within 143.33 m at 0.75 g/t gold (Hole 84-13);27.43 m at 2.74 g/t gold within 91.4 m at 0.93 g/t gold (Hole 68-4);12.19 m at 2.58 g/t gold within 170.68 m at 0.61 g/t gold (Hole 04-01); and 26.5 m at 2.50 g/t gold within 265.86 m at 0.65 g/t gold (Hole 88-02). Recent re-logging of drill core for one historical hole indicates a possible diatreme geological environment. Dr. David Bailey, San Marco's consultant for the Buck property, is currently completing a detailed analysis of the alteration patterns relating to gold distribution, which will greatly assist in target generation. Sharyn Alexander, V.P. Technical Services, stated: \"The massive amount of historical data has taken quite a while to review and evaluate. With this process nearing completion, some very exciting drill targets are evolving. We look forward to commencing our exploration program early in the new year, as the Buck property allows for year round exploration and has excellent infrastructure.\" For an overview of historic drilling and our exploration strategy, please click here: https://sanmarcocorp.com/site/assets/files/2334/20191202_smn_december.pdf San Marco is also pleased to announce that it has retained Mackie Research Capital Corporation (\"Mackie\") to provide market stabilization and liquidity services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.Mackie will trade shares of San Marco on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of San Marco common shares. The agreement between Mackie and the Company is f...