Sun Summit Minerals Corp. · TSXV:SMN
Sun Summit Minerals — Investor Presentation (April 2024)
26 slides from Sun Summit Minerals's investor presentation, Apr 29, 2024
Slide 1: Focused on Expansion and Discovery of District-Scale Gold and Copper Assets in British Columbia
Focused on Expansion and Discovery of District-Scale Gold and Copper Assets in British Columbia APRIL 2024| SUNSUMMITMINERALS.COM | TSX-V: SMN | OTCQB: SMREF
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Forward-Looking Information Statements contained in this presentation that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied
Slide 3: Sun Summit – Investment Highlights
Sun Summit – Investment Highlights FOCUSED ON EXPANSION AND DISCOVERY IN BRITISH COLUMBIA Located in a premier / Tier 1 jurisdiction Diverse portfolio includes two Gold-Copper projects: JD Project (epithermal Au-Ag, porphyry Cu-Au) Buck Project (epithermal Au-Ag, porphyry Cu-Mo) Existing i
Slide 4: JD Project – Prolific Region
JD Project – Prolific Region BC’S NEXT PREMIERE MINING JURISDICTION Metal endowed Toodoggone Mining District Significant deposits / proven mineralization Renewal of historic mining camp Emerging district: recent project activity and infrastructure development “Golden Horseshoe”, similar ge
Slide 5: JD Project – Toodoggone
JD Project – Toodoggone Ranch (Thesis) 19.56 g/t Au over 34m SIGNIFICANT LAND PACKAGE ~15,000 ha 17.5 g/t Au over 33.1 m7 Under-explored, significant discovery potential Opportunity to explore for two deposit types: Epithermal gold-silver mineralization Porphyry-related copper-gold mineraliz
Slide 6: JD Project Multiple Priority Targets
JD PROJECT Multiple Priority Targets Oxide and Fericrete High-grade Epithermal Au-Ag and Porphyry Cu-Au Porphyry Cu-Au potential OXIDE Finn to Creek FERICRETE Significant data compilation has Epithermal Au-Ag East McClair defined multiple priority targets CREEK FINN Porphyry and Skarn Cu-Au Hist
Slide 7: JD Project Epithermal Gold Targets
JD PROJECT Epithermal Gold Targets High-Grade Epithermal Gold-Silver FINN ZONE ~270 historical drillholes CREEK ZONE ~20 historical drillholes MOOSEHORN ZONE ~40 historical drillholes CREEK ZONE FINN ZONE OXIDE FERICRETE CREEK FINN EAST McCLAIR McCLAIR MOOSEHORN BELLE SUNSUMMITMINERALS.COM | TSX-V:
Slide 8: JD Project Finn Zone
JD PROJECT Finn Zone Broad zone of near-surface, epithermal- related gold-silver mineralization Structurally controlled mineralization; hosted within low angled fault zone Open along strike and down dip Historical drill core only selectively sampled; left significant gaps in prospective geol
Slide 9: JD Project – Finn Zone
JD PROJECT – Finn Zone References for historical drill hole results can be found at the end of this presentation. SUNSUMMITMINERALS.COM | TSX-V: SMN | OTCQB: SMREF 9
Slide 10: JD Project Creek Zone
JD PROJECT Creek Zone Limited drilling, open in all directions High-grade gold potential of structurally controlled, sulfide-rich mineralization Intermittent down-hole sampling; holes that were continuously sampled demonstrate presence of continuous mineralization Priority drill target areas
Slide 11: JD Project – Creek Zone
JD PROJECT – Creek Zone SUNSUMMITMINERALS.COM | TSX-V: SMN | OTCQB: SMREF References for historical drill hole results can be found at the end of this presentation. 11
Slide 12: JD Project Finn to Creek Corridor Size and Scale Potential
JD PROJECT Finn to Creek Corridor Up to 7.5 g/t Au in soil samples Size and Scale Potential (Creek Zone5) Highly anomalous samples can be traced along strike from Finn to Creek Strong Au-Ag anomalism in soils/rocks Separated by ~3 km with limited drilling Underexplored, untested targets Si
Slide 13: JD Project Porphyry Targets
JD PROJECT Porphyry Targets Porphyry Copper-Gold Potential Numerous poorly tested porphyry-related copper targets that warrant significant exploration Strong porphyry-related alteration Potential “porphyry roots” to shallow epithermal systems Flat-lying stratigraphy; epithermal-related syste
Slide 14: JD Project Exploration Program
JD PROJECT Exploration Program PROPOSED 2024 PROGRAM Priority drill targets at Finn; step- out drilling to target high grade core, understand structural controls, high grade shoots CZ98-012 21.5m @ 3.1 g/t Au inc. Priority drill targets at Creek; step- CZ97-008 22.0m @ 11.7 g/t Au inc. 3.0m @ 18
Slide 15: JD Project – Untapped Potential
JD Project – Untapped Potential SCALE Finn to Creek zones (~3km) show continuous near-surface Au-Ag mineralization Limited drilling, promising geochemistry, systems open laterally and at depth GRADE High-grade Au-Ag intersected in historic holes (e.g., 35.7 m @ 7.26 g/t Au, JD95-0472) Select
Slide 16: Buck Project District Scale Potential
BUCK PROJECT District Scale Potential Large 52,000 ha / 520 km2 property Equity (Newmont) 34 Mt @ 65 g/t Ag (Mined)12 Near Houston, B.C., 100% controlled Houston 20 min drive Smithers 1 hr drive Emerging mineralized belt new acquisition Mining friendly jurisdiction, close proximity to former and dev
Slide 17: Buck Main Drilling and Initial MRE
BUCK MAIN Drilling and Initial MRE BUCK MAIN Initial Mineral Resource Estimate (MRE): Expected completion Q1 2024 Over 34,000 m drilled in 98 drill holes Open in all directions and at depth: Results indicate significant mineralization extends laterally beyond limits of previous drilling and de
Slide 18: Buck Main Progression from 2020 to 2023
BUCK MAIN ~400% expansion of mineralized envelope over 4 yrs Progression from 2020 to 2023 Based on Sun Summit’s drill programs 2020 Drilling 2021 Drilling 2022 Drilling 2023 Drilling 15 holes for 6,000 m 66 holes for 23,500 m 84 holes for 30,600 m 98 holes for 34,500 m (total drilling) (total drill
Slide 19: Buck Project CR and Mount Morice
BUCK PROJECT CR and Mount Morice BUCK MAIN Multiple under-explored targets within recently expanded 52,000 ha tenure package Significant discovery potential across the project: Multi-element soil anomalies with coincident geophysical anomalies Acquisition of the CR property from Teck, a drill-
Slide 20: Share Structure
Share Structure Outstanding Shares 62,200,561 52 week high/low $0.56/$0.08 Warrants 21,386,585 Market Capitalization ~$7.5 Million CAD Options 1,481,667 Working Capital ~$2.7 Million CAD Fully Diluted 85,068,813 ~8.7M warrants expiring May 10, 2025 ($0.495) ~218k warrants expiring April 25,2026 ($0.
Slide 21: Catalysts For Growth
Sun Summit Minerals Value Proposition Catalysts For Growth NEAR TERM VALUE CREATION Rapid project advancement, creating value on existing assets JD PROJECT with ounces in the ground, expansion and discovery potential EXTENSIVE HISTORIC DATA REVIEW AND DIVERSIFIED PROJECT PORTFOLIO IN BRITISH COLUMBI
Slide 22: Sun Summit Minerals Directors & Management
Sun Summit Minerals Directors & Management Brian Lock | Executive Chairman Andrew Carstensen, P.Geo. | Director Over 40 years of experience in the mining industry. Prior positions include Director, Executive VP, President and CEO of several public mining companies including Castle Peak Mining and Sc
Slide 23: SunSummitMinerals.com
SUNSUMMITMINERALS.COM TSX-V: SMN | OTCQB: SMREF Sharyn Alexander, M.Sc. Corporate Office President Suite 800 – 889 West Pender Street salexander@sunsummitminerals.com Vancouver, BC V6C 3B2 Canada
Slide 24: References
References 1. Krause, R.G. (1995), 1994 Geological and Geochemical Report on the JD Gold Silver Property, Toodoggone River Area, Omineca Mining Division, British Columbia, Assessment Report Indexing System, Report 23663, https://apps.nrs.gov.bc.ca/pub/aris. JD94-01 to 32 2. Krause, R.G. (1996), 1995
Slide 25: JD Property Acquisition Terms to Earn 100%
JD Property Acquisition Terms to Earn 100% Upon signing formal agreement and Exchange approval: As part of the option agreement, Sun Summit $175,000 cash | 2,000,000 shares completed a 3:1 share consolidation (Feb 8, 2024) First Anniversary Dec 2024: $200,000 cash | 1,000,000 shares | $1,000,000
Slide 26: Buck Property Acquisition Terms to Earn 100%
Buck Property Acquisition Terms to Earn 100% On track to acquire 100% ownership Upon signing at Exchange approval (October 2019): Currently in 5th year of option agreement $25,000 cash | 250,000 shares First Anniversary October 2020: • Sun Summit has paid $150,000 cash and 2,900,000 $25,000 cash
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