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Sun Summit Minerals Phase 2 Drilling Update and Completion of IP Survey at the Buck Property
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2020) - Sun Summit Minerals Corp....
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"Sun Summit Minerals Phase 2 Drilling Update and Completion of IP Survey at the Buck PropertyVancouver, British Columbia--(Newsfile Corp. - November 5, 2020) - Sun Summit Minerals Corp. (TSXV: SMN) (\"Sun Summit\" or the \"Company\") announces the completion of 10 diamond drill holes at its 100% controlled Buck gold and silver property in north-central British Columbia. HighlightsCompletion of 10 HQ diamond drill holes totalling 4,200 metres. All samples are in the lab and assays are pending.All holes tested the lateral and vertical extent of epithermal-related gold and silver mineralization associated with the Horseshoe Zone.Continuous zones of disseminated, vein-hosted, and breccia-hosted sulfide mineralization were observed in all drill holes. A 2 by 2.5 kilometre 3D Induced Polarization (IP) survey was completed over the known extent of the breccia complex as well as over areas considered prospective for mineralization below overburden.Bob Willis, Sun Summit's CEO, stated: \"It is very encouraging to see the style and extent of mineralization identified in our drilling. We have tested only a small fraction of this breccia system and look forward to analyzing the results as soon as the assays are received and interpreted. The fact that we can drill year round gives our shareholders exposure to continued news flow throughout the winter.\"DrillingPhase 2 drilling is focussed on testing the lateral and vertical extent of epithermal-related gold and silver mineralization associated with the Buck breccia complex (see SMN news release dated August 6, 2020). Current drill collars cover a footprint of approximately 550 by 250 metres and holes were drilled to a maximum depth of 500 metres (see Figure 1). New geological observations have been used to characterize multiple breccia-hosted mineralization styles comprised of sulfide cemented magmatic-hydrothermal breccias, mineralized clast-bearing volcanic breccias and hydrothermal breccias with cross cutting sulfide-bearing veins. Pervasive and selectively pervasive hydrothermal alteration comprised of silica + sericite ± carbonate ± clay is widespread and associated with locally strong sulfide mineralization. Most holes cut long intervals of varying proportions of disseminated, clotted and vein-hosted sphalerite, pyrite, marcasite ± chalcopyrite and galena. Based on result...