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Sun Summit Options the JD Project in the Toodoggone Gold-Copper District of North-Central British Columbia
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2023) - Sun Summit Minerals Corp. (TSX...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"Sun Summit Options the JD Project in the Toodoggone Gold-Copper District of North-Central British ColumbiaVancouver, British Columbia--(Newsfile Corp. - November 9, 2023) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to announce that it has signed a Letter of Intent dated November 8, 2023 to option the JD Project in the Toodoggone gold-copper district in north-central British Columbia. HighlightsStrong high-grade gold and silver mineralization potential: The JD Project is locally characterized by high-grade epithermal gold and silver mineralization highlighted by previous drill intercepts of 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au (JD95-0471), and 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au (CZ97-0082).Significant porphyry-related copper mineralization discovery potential: The JD Project contains numerous poorly tested porphyry-related copper targets (e.g., McClair, Moosehorn, Ferricrete) that warrant considerable exploration.Prolific exploration jurisdiction in existing mining camp: The Toodoggone gold-copper mineral belt represents a historically significant mining camp which has seen a recent resurgence of activity, development of infrastructure, and advancement of projects.Strategic transaction with shareholder benefit: The acquisition of the JD Project provides the Company and its shareholders with significant new discovery potential and ongoing value creation.Diversified project portfolio: The Company will be focused on exploration and expansion of two projects in mining-friendly jurisdictions; the Buck and JD projects.Sharyn Alexander, Sun Summit's President, stated: \"The acquisition of the JD Project represents an outstanding opportunity for Sun Summit and its shareholders. We are excited for the opportunity to expand and diversify the Company's project portfolio with the addition of a high-grade precious metals project in an emerging mining district in British Columbia. The JD Project is an underexplored land package in a favourable geological environment where previous drill results have yielded significant intercepts of near-surface high grade gold and silver mineralization. As data review and compilation progresses, additional historic exploration results from drilling and sampling will be shared with the market.\"The JD Project will augment our existing Buck Project, which w...