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Sun Summit Discovers Multiple Near-Surface Zones of Bulk-Tonnage Style Gold-Silver-Zinc Mineralization and Significantly Enhances the Exploration Potential at the Buck Property, Central B.C.
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Sun Summit Minerals Corp. ...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"Sun Summit Discovers Multiple Near-Surface Zones of Bulk-Tonnage Style Gold-Silver-Zinc Mineralization and Significantly Enhances the Exploration Potential at the Buck Property, Central B.C.Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to report drill results and the discovery of additional near-surface zones of bulk-tonnage style gold-silver-zinc mineralization from its fall 2021 exploration program on its Buck Property, central B.C. HighlightsDiscovery of new zone of near-surface, breccia-hosted, gold-silver-zinc mineralization along strike to the northwest (e.g., 1.85 g/t gold equivalent (AuEq)2 over 25 metres including 8.78 g/t AuEq over 3.9 metres; BK21-060). Discovery of additional bulk-tonnage style gold-silver-zinc mineralization in step-out holes to the west of previous drilling (e.g., 0.61 g/t AuEq over 155.8 metres including 1.37 g/t AuEq over 16.3 metres; BK21-059). Confirmation of continuity of gold-silver-zinc mineralization in the previously untested area between the historic Horseshoe and Trench zones (e.g., 1.11 g/t AuEq over 51.0 metres including 1.81 g/t AuEq over 13.6 metres; BK21-048).These new and open areas will be tested in the current drill program; crews have mobilized to site and the drill is turning.Recalculation of gold equivalent (AuEq) including zinc has yielded significant increases in values which has the potential to be a significant economic contributor to the overall metal value of the property (see news release February 8, 2022). Examples of significant recalculated3 intervals (Table 2) are: HoleFrom(m)To(m)Int(m) 1New AuEq (g/t) (AgZn) 2Previous AuEq (g/t) (Ag only) 3Au(g/t)Ag(g/t)Zn(%)BK20-002111.0202.091.01.150.840.755.60.51BK20-006121.0167.046.01.591.131.045.90.73including139.0163.724.72.321.711.597.30.97BK20-0127.548.040.51.841.050.8910.71.26including26.045.519.52.751.691.4416.21.70BK21-036145.1247.1102.01.170.960.913.70.32BK21-03853.0228.3175.31.040.740.684.80.46including120.0173.853.81.751.251.166.70.78 1 Intervals are downhole core lengths. True widths are unknown.2 New AuEq (AgZn) calculations assume metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation:   AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151)+(Ag(g/t)*$Ag/oz*0.032151)+(Zn%*$Zn/lbs*22.0462))/($Au/oz*0.032151).3 P...