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Phase 2 Diamond Drilling Underway at San Marco's Buck Gold and Silver Property, Central British Columbia; Red Cloud Appointed to Provide Marketing Services
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2020) - San Marco Resources Inc. (...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"Phase 2 Diamond Drilling Underway at San Marco's Buck Gold and Silver Property, Central British Columbia; Red Cloud Appointed to Provide Marketing ServicesVancouver, British Columbia--(Newsfile Corp. - September 8, 2020) - San Marco Resources Inc. (TSXV: SMN) (\"San Marco\" or the \"Company\") is pleased to announce the commencement of diamond drilling at its 100% controlled Buck gold and silver property. The aggressive fully-funded drill program is expected to continue well into next year, with an initial 5,000 metres planned over the next few months. The current Phase 2 drill program compliments and builds on Phase 1 success and is designed to test the lateral and vertical extent of epithermal-related mineralization within the Buck structural corridor. The Buck property is located about 12 km south of Houston, British Columbia, and is accessible via an all-weather access road. It has excellent nearby infrastructure, and allows for year round exploration. The 100% optioned property was recently expanded through the acquisition of additional ground, and now totals 22,000 hectares (see news release from August 10, 2020).Bob Willis, San Marco's CEO, commented, \"We are very excited to begin our second phase of drilling at Buck. Our recent completion of an extensive field program has given us a much better understanding on the controls of Buck-style mineralization and gives us confidence that we're on the right track for additional discoveries.\"A comprehensive geological data compilation and structural interpretation has resulted in the definition of a significant mineralized breccia complex. The breccia complex is comprised of intrusive breccias, magmatic-hydrothermal breccias, hydrothermal breccias, pebble-dikes and a thick, intermediate to felsic volcaniclastic pile. This breccia system is transected by a property-scale WNW-trending structural zone, named the Buck structural corridor, which is thought to be a first-order control on mineralization throughout the property. Phase 2 drilling will target both structurally controlled high-grade epithermal-related Au-Ag, as well as bulk-tonnage epithermal-related Au-Ag. More information about the recent field program is described in San Marco's August 6, 2020 news release.Results from the drill program will be released as they are received and compiled.Health and SafetyThe Company's e...