CA Market News
1週前
Sun Summit Commences Fully Funded 10,000 Meter Drill Program at the JD Project, Toodoggone Mining District, B.C.June 8, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that its fully funded, 2026 exploration drill program at the JD Project, Toodoggone Mining District, north-central British Columbia has now started. Over 10,000 meters of drilling is planned across the Creek and Finn zones.Highlights:Transformational Drill Program Has Started: One drill rig is currently in operation kickstarting a significant 10,000 meter drill program, with a second drill rig set to begin operating in the coming days. Focused and Systematic Drill Program: Results from the carefully planned 2026 drill program will contribute to an inaugural mineral resource estimate ("MRE") planned for Q1 of 2027. Creek Zone Targeted Drilling: Drilling at the Creek Zone will include step-out and infill drill holes designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization. Drilling will follow-up significant 2024 and 2025 results, including 81.0 meters of 4.80 g/t gold, including 34.0 meters of 9.07 g/t gold in drill hole CZ-25-021 (November 25th, 2025, News Release).Finn Zone Targeted Drilling: Drilling at the Finn Zone will include step-out, infill and exploration drill holes designed to investigate the extent and continuity of near-surface bulk-tonnage gold-silver mineralization. Drilling will follow-up significant historic and 2025 results, including: 17.0 meters of 2.31 g/t gold with 113.1 g/t silver, including 6.0 meters of 5.30 g/t gold with 157.9 g/t silver in drill hole FZ-25-002 (January 22nd, 2026, News Release).Project-Wide Geophysical Surveying Underway: An airborne mobile magnetotelluric ("MobileMT") survey is underway across the entire JD Project. The goal of the survey is to investigate the scale of alteration zones of known targets as well as identify new target areas."We are excited to have officially launched our fully funded 10,000 meter drill program at our JD Project," said Niel Marotta, CEO of Sun Summit Minerals. "This program will include the most significant drilling at JD since the late 1990s. The 2026 program is the largest drill program planned since Sun Summit optioned the JD property in 2024, and represents more meters of drilling at JD than the last two drill seasons combined. Importantly, this program will drive the JD project towards an inaugural mineral resource estimate, expected in Q1 of 2027." Fully Funded 10,000 Meter Drill ProgramThe recently commenced, 10,000-meter drill program at the JD project has been carefully planned with drill holes designed to contribute to an inaugural MRE for the Finn and Creek zones, anticipated to be released in Q1 of 2027 (see May 5th, 2026 News Release). Details of the 2026 drill program include:Up to 5,000 meters of drilling is planned at the Creek Zone to systematically evaluate the modelled vein-controlling structures covering a strike-length of over 600 meters and a vertical extent of over 350 meters. Results from this phase of drilling at the Creek Zone should inform grade continuity, the down-dip and strike extents of mineralization, and the presence of additional high-grade zones (e.g., 34.0 meters of 9.07 g/t gold in drill hole CZ-25-021).Up to 5,000 meters of drilling is planned at the Finn Zone to systematically evaluate the down-dip and strike-extent of the favorable, and well mineralized, volcaniclastic unit. Drill holes will cover a footprint of approximately 650 meters by 350 meters primarily down-dip from the densely drilled core of the mineralized zone. Results from this phase of drilling at the Finn Zone should inform grade continuity, the down-dip and strike extents of mineralization, verify historical data and evaluate the structural controls on high-grade silver mineralization central to the target (e.g., 6.0 meters of 5.30 g/t gold with 157.9 g/t silver in drill hole FZ-25-002).One drill rig is currently in operation, focused on the Creek Zone. A second rig is set to begin operating in the coming days. One of the drill rigs will move to the Finn Zone in the coming weeks once drill pads at Finn are constructed.Target GenerationA project-wide airborne (MobileMT) survey has commenced across the entire JD Project. The survey consists of 740 line kilometers on 250 meter spaced, northwest-southeast oriented lines. The objective of the survey is to image subsurface resistivity/conductivity to a depth of approximately 1 to 2 kilometers. The purpose of the survey is to investigate the scale of broad and locally concealed alteration zones associated with known targets as well as to identify new target areas.Figure 1. Plan map highlighting the ~4.5 km Creek to Finn Corridor showing drill collar locations as well as results from recent and historical rock and soil geochemical surveys (see October 29th, 2025 news release). The areas marked by the dashed yellow ovals will be the focus for the majority of the 2026 drilling. Targets between will be ranked and prioritised for potential drill testing. See references for sources of historical data.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/300458_ad3c271464fe3a56_002full.jpgFigure 2. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis Gold & Silver Inc., TDG Gold Corp. and Centerra Gold Inc.'s respective corporate websites. The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/300458_ad3c271464fe3a56_003full.jpgNational Instrument 43-101 DisclosureThis news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Mr. MacDonald has verified the data disclosed in this press release, including the sampling, analytical and test data underlying this information that has been collected by Sun Summit. Verification procedures include industry standard quality control practices. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Management cautions that past results are not necessarily indicative of the results that may be achieved on the property.Community Engagement Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.Option GrantThe Company has granted stock options to purchase an aggregate of 250,000 common shares in the capital of the Company (each a "Common Share") to certain investor relations service providers of the Company. The stock options have an exercise price of $0.15 per Common Share, expire 3 years from the date of grant, and vest over a twelve month period. Each grant of stock options is subject to the approval of the TSX Venture Exchange.About the JD ProjectThe JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold and Silver Inc.'s Lawyers and Ranch projects, TDG Gold Corp's Baker-Shasta projects, Amarc Resource Ltd.'s AuRORA project, Centerra's Gold Inc's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine (Figure 2).The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.About Sun SummitSun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion, and advancement of district-scale gold and copper assets in British Columbia. The Company's portfolio is anchored by its flagship JD Project, alongside the Theory Project, and Orbit Project in the prolific Toodoggone region of north-central BC, and the Buck Project in central B.C. Further details are available at www.sunsummitminerals.com.ReferencesHawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1. Davis, J.W., and Jamieson, M.D. (1998), Drilling and Geophysical Report on the M.H. Mineral Clain Group, Toodoggone District, Assessment Report Indexing System, Report 25757, https://apps.nrs.gov.bc.ca/pub/aris. 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.Krause, R.G. (1996), 1995 Geological Report on the JD Gold Silver Property, Toodoggone River Area, Omineca Mining Division, British Columbia, Assessment Report Indexing System, Report 24284, https://apps.nrs.gov.bc.ca/pub/aris.McBride, S. (2013), 2012 Geological, geochemical and diamond drilling report on the JD Property, Assessment Report Indexing System, Report 33556, https://apps.nrs.gov.bc.ca/pub/aris.McBride, S. and Leslie, C. (2014), 2013 Geological, geophysical and diamond drilling report on the JD Property, Assessment Report Indexing System, Report 34762, https://apps.nrs.gov.bc.ca/pub/aris.Link to FiguresFigure 1. https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/05/2026_JD_Plans_Figure1_20260502-scaled.jpg Figure 2. https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260121_Figure1-Toodoggone-map.jpg On behalf of the board of directorsNiel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com For further information, contact:Matthew Benedetto, Simone Capital
mbenedetto @jetfuelmillion-1226Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the planned target areas, size and timing of the drill program; timing of the arrival of drill rigs and other drilling equipment, as well as intended use thereof; the Company's intention to use the drill program to contribute to an inaugural MRE, including timing thereof; the Company's future exploration projects at its JD Project. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Sun Summit cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Sun Summit nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of Sun Summit to complete further exploration activities, including drilling; property, option and royalty interests in the JD Gold Project; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Sun Summit does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300458 Original: Sun Summit Commences Fully Funded 10,000 Meter Drill Program at the JD Project, Toodoggone Mining District, B.C.
CA Market News
1月前
Sun Summit Acquires 51% Ownership Share in the New Orbit Project, Toodoggone Mining District, B.C.May 14, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce it has received confirmation from the British Columbia Ministry of Mining and Critical Minerals that 5 new mineral claims (collectively, the "Orbit Project") totaling 6,595 hectares (66 sq. km.) have been issued in the Toodoggone Mining District, approximately 18 km equidistant north of the Flagship JD property and east of the Theory Project. The Orbit Project claims are jointly owned 51/49% with the Company's exploration partner Eagle Plains Resources Ltd. (TSXV: EPL) (OTCQB: EGPLF) ("Eagle Plains") and steps are underway to jointly prepare an exploration program for the 2026 season. A formal agreement has been reached between Sun Summit and Eagle Plains whereby a definitive joint venture will be formed by December 31, 2026 to facilitate continued exploration on the property. Eagle Plains has been named the operator of the Orbit Project, and ownership will initially be split Sun Summit (51%) and Eagle Plains (49%). Planning is underway for a follow-up program in 2026 in conjunction with both the Company's Theory and JD projects. Highlights:Strategic, low-cost acquisition: Mineral rights were acquired by staking through Mineral Titles Online and issued under the new British Columbia Mineral Claims Consultation Framework. Property acquisition increases Sun Summit's Toodoggone footprint by ~6,600 hectares, creating an attractive district-scale property portfolio of over 31,500 hectares (315 sq. km.).Increased land position in the Toodoggone District: The Orbit Project straddles the Quesnellia and Stikinia terranes and is underlain by prospective Early Jurassic granodioritic rocks of the Pitman Batholith in fault contact to the west with Lower to Middle Jurassic sedimentary and volcanic rocks of the Hazelton Group of the Stikine Terrane. Rocks to the north and east may represent a roof pendant of quartz-feldspathic metamorphic gneiss of unknown age and affinity but possibly Ordovician.Significant exploration potential: Claim staking was predicated on a jointly funded remote sensing survey completed by partners Sun Summit and EPL covering a large footprint of the Toodoggone mining district, seeking to fingerprint the alteration signature of known mineral occurrences and map the presence of alteration associated with a potential buried epithermal and porphyry systems. Within the claim boundary there are no documented Assessment Reports filed with the Government of British Columbia and no MinFile Mineral Inventory occurrences.Ongoing exploration planning: Once the definitive joint venture agreement between Eagle Plains and the Company is finalized and executed, the parties will decide on a jointly funded exploration program. "The Orbit mineral claims and our agreement with Eagle Plains further strengthen Sun Summit's foothold in the Toodoggone Mining District. Planned fieldwork in 2026 will expand our exploration presence in one of British Columbia's most active exploration districts," said Niel Marotta, CEO, Sun Summit.Figure 1. Map of the Toodoggone District showing the location of the JD, Theory and Orbit Projects in relation to other development and exploration projects. Data sourced from Thesis Gold & Silver Inc., TDG Gold Corp. and Centerra Gold Inc.'s respective corporate websites. The qualified person has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/297423_ba3f6eecd44f78db_002full.jpgOrbit Project Recent ExplorationEagle Plains and Sun Summit commissioned TerraLogic Exploration Inc. of Cranbrook, B.C. to design and execute the 2025 satellite (remote sensing) data acquisition, and follow-up field programs for the Theory and Orbit Projects. TerraLogic Exploration engaged the services of EarthDaily Analytics to interpret remote sensing datasets (SWIR-ASTER, VNIR-Sentinel, Hyperspectral-EnMap) with final products overlayed with existing compiled datasets and used to identify and prioritize targets for follow-up field study.The core area that makes up the Orbit Project was identified through the advanced interpretation of the remote sensing data originally collected to evaluate the company's Theory Project, located 14 km to the west and currently under option to Sun Summit. These data products provided lithological and alteration mapping to compositionally highlight alteration potentially associated with a buried mineralized system. Data was masked for water, vegetation, snow, cloud, cloud-shadow and topographic shadow to eliminate the potential for false-positives.The Orbit Project area was identified as being highly prospective for hydrothermal alteration minerals (white mica / sericite / illite) as observed in many products (AST641, AlOB_b6, and confirmed in HIS).Due to timing, only one field day of geological mapping, prospecting, and geochemical sampling was allocated to the Orbit Project to examine the strongest white mica remote sensing patterns. The 2025 program prospected less than 5% of the anomaly area. Several samples have been sent for petrographic analysis to Precision Petrographics Ltd. of Langley, BC, with results pending.A total of 39 rock samples were taken on two traverses, in particular targeting quartz veins and altered intrusive compositions, including granodiorite. Highlights from the reconnaissance sampling include:Grab sample JBOIR011 from quartz veining in granodiorite returned 3.8 ppm Au along with 130 ppm Ag and 134.5 ppm Mo.Grab sample THOIR009 was a strongly altered intrusive rock with stringers of chalcopyrite and bornite which returned 1.37 ppm Au, 26.9 ppm Ag, 4,780 ppm Cu and 447 ppm Sb. Sample THOIR011 was a float sample from granodiorite containing abundant malachite and semi-massive chalcopyrite and bornite locally making up 40% of the rock. The sample returned 0.780 ppm Au, 10.3 ppm Ag, and 9,640 ppm Cu. Grab sample JBOIR007 from altered diorite gneiss, with quartz veining, returned 0.7 ppm Au and 9.5 ppm Ag.Orbit Project Acquisition and AgreementThe Orbit Project (6,595 hectares) were issued under the new British Columbia Mineral Claims Consultation Framework which ensures British Columbia meets its duty to consult First Nations before registering claims under the Mineral Tenure Act. The application was made on September 4, 2026 and the Company was notified of successful issuance on April 20, 2026.Orbit Project Next StepsPlanning is underway to jointly prepare an exploration program for the 2026 season to follow-up results from the brief 2025 reconnaissance style prospecting program. Details of the program will be disclosed once budgets are set and plans are finalized.Table 1.0 Significant Assay Results - Orbit 2025 Sampling (UTM Zone 9)SampleEastingNorthingTypeAu
g/tCu %Ag
g/tField DescriptionBLOIR0036182556393344grab0.140.11329.430 cm quartz vein with chalcopyrite and galenaJBOIR0076201646392717grab0.700.0059.5chlorite & epidote altered diorite gneissJBOIR0116197146392561grab3.800.009130.0steeply dipping, 25 cm quartz vein with galenaTHOIR0076172076391154grab0.590.0572.6intensely sericitized granodiorite with malachite on fractured surfacesTHOIR0096172236391151grab1.370.47826.9strongly altered intrusive with stringers of chalcopyrite and borniteTHOIR0106172656391164grab0.240.93819.3strongly altered intrusive with stringers of chalcopyrite and borniteTHOIR0116172206391246float0.780.96410.3intensely silicified intrusive with semi-massive chalcopyrite and bornite To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/297423_ba3f6eecd44f78db_003full.jpgFigure 2.0. Select copper, gold & silver rock sample results from the Orbit ProjectTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/297423_ba3f6eecd44f78db_004full.jpgQuality Assurance and Quality ControlRock samples collected during the 2025 surface program were submitted to ALS Geochemistry Ltd. ("ALS") in North Vancouver, BC - an ISO/IEC 17025-accredited laboratory. Samples were sealed in the field, stored securely, and transported by TerraLogic personnel to maintain chain of custody. Analytical methods for rocks included full multi-element characterization by four acid digestion with ICP finish (ALS method ME-MS61). Gold was analyzed by 30 g fire assay with AAS finish (ALS method Au AA23). Samples returning >10 g/t Au were re-assayed using fire assay with gravimetric finish (ALS method Au GRA21). Due to the small sample size and brief duration of the project there were no field duplicates or Certified Reference Material standards introduced in the field. ALS preformed internal QA/QC checks including duplicates and standards. There were no significant exceedances noted by ALS. Qualified Person This news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Mr. MacDonald has verified the data disclosed in this press release, including the sampling, analytical and test data underlying this information that has been collected by TerraLogic. Verification procedures include industry standard quality control practices. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. Management cautions that grab sample results are not necessarily indicative of the results that may be achieved on the property. Community Engagement Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.About the JD ProjectThe JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold and Silver Inc.'s Lawyers and Ranch projects, TDG Gold Corp's Baker-Shasta projects, Amarc Resource Ltd.'s AuRORA project, Centerra's Gold Inc's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine (Figure 1).The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.About Sun SummitSun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion, and advancement of district-scale gold and copper assets in British Columbia. The Company's portfolio is anchored by its flagship JD Project, alongside the Theory Project, and Orbit Project in the prolific Toodoggone region of north-central BC, and the Buck Project in central B.C. Further details are available at www.sunsummitminerals.com.Link to FiguresFigure 1. https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/05/SunSummit_JDProjectOwnership_2026-scaled.jpgFigure 2. https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/05/Orbit_RockSamples_2026.jpgOn behalf of the board of directorsNiel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.comFor further information, contact:Matthew Benedetto, Simone Capital
mbenedetto @jetfuelmillion-1226Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the prospects, if any, of the Orbit Project; future exploration activities, at the Orbit Project, including timing and scope thereof; entering into a definitive joint venture agreement, including timing and scope thereof, the scope and timing of a jointly funded exploration program for the Orbit Project; and the Company's anticipated expansion of exploration presence. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Sun Summit cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Sun Summit nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of Sun Summit to complete further exploration activities, including drilling; property, option and royalty interests in the JD Gold Project; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Sun Summit does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297423 Original: Sun Summit Acquires 51% Ownership Share in the New Orbit Project, Toodoggone Mining District, B.C.
CA Market News
1月前
Sun Summit Outlines Plans for Significant Drilling at the JD Project, Toodoggone Mining District, B.C.May 5, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an overview of its upcoming 2026 exploration drill program at the JD Project, Toodoggone Mining District, north-central British Columbia. Drilling is set to commence in early June with over 10,000 meters planned across the Creek and Finn zones.Highlights:Transformational Drill Program: Over 10,000 meters of drilling will evaluate the grade, continuity and scale of near-surface gold-silver mineralization across the Creek and Finn zones. Results from the 2026 drill program is expected to contribute to an inaugural mineral resource estimate ("MRE") planned for Q1 of 2027.Creek Zone Targeted Drilling: Drilling at the Creek Zone will include step-out and infill drill holes designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization. Drilling will follow-up significant 2024 and 2025 results, including: 81.0 meters of 4.80 g/t gold, including 34.0 meters of 9.07 g/t gold in drill hole CZ-25-021 (November 25th, 2025, News Release)78.0 meters of 3.72 g/t gold, including 19.1 meters of 7.50 g/t gold in drill hole CZ-25-007 (September 8th, 2025, News Release)122.5 meters of 2.11 g/t gold, including 20.0 meters of 10.01 g/t gold in drill hole CZ-24-004 (October 2nd, 2024, News Release)Finn Zone Targeted Drilling: Drilling at the Finn Zone will include step-out, infill and exploration drill holes designed to investigate the extent and continuity of near-surface bulk-tonnage gold-silver mineralization. Drilling will follow-up significant historic and 2025 results, including:17.0 meters of 2.31 g/t gold with 113.1 g/t silver, including 6.0 meters of 5.30 g/t gold with 157.9 g/t silver in drill hole FZ-25-002 (January 22nd, 2026, News Release)45.0 meters of 3.02 g/t gold with 143 g/t silver, including 5.0 meters of 8.18 g/t gold with 918 g/t silver in historical drill hole JD95-076220.85 meters of 8.76 g/t gold with 68 g/t silver including 11.0 meters of 15.1 g/t gold with108 g/t silver in historical drill hole JD95-0972Drilling scheduled for June: Preparations are underway to mobilize crews to the project in the coming weeks. Drill crews will arrive once camp is re-opened with drilling anticipated to begin in early June. "We are excited to kick off the most significant drill program at JD since the late 1990s, as we advance towards an inaugural mineral resource estimate, expected in Q1 of 2027," said Niel Marotta, CEO of Sun Summit Minerals. "The 2026 drill program has been carefully designed to achieve a clear goal of defining a significant resource. Our 3D modeling to date suggests that drilling has defined the upper levels of potentially much larger systems, which remain open at depth and along strike - pointing to meaningful expansion potential at both the Finn and Creek zones. With 10,000 metres of planned drilling, metallurgical testing underway, and a mineral resource estimate targeted for Q1 2027, we will continue to unlock value at JD and capitalize on exploration success in the world-class Toodoggone mining district."Significant Drill ProgramDrilling in 2026 at the JD project is designed with two primary goals, 1) establish an inaugural mineral resource estimate for the Finn and Creek zones, and 2) explore the lateral and vertical extents of near surface, epithermal-related gold-silver-base metal mineralization at both targets. 2026 drill program details include:Creek Zone - Drilling at the Creek Zone in 2024 and 2025 outlined a significant northwest trending, mineralized corridor that spans at least ~750 meters by 300 meters and ~150 meters vertical depth from surface. Near-surface mineralization comprises bulk-tonnage disseminated gold and high-grade vein- and breccia-hosted gold. Up to 5,000 meters across 17 to 20 drill holes are planned at the Creek Zone to systematically evaluate the modelled vein-controlling structures on 60 to 80 meter pierce-points covering a strike-length of over 600 meters (Figure 3) and a vertical extent of over 350 meters. Results from this phase of drilling at the Creek Zone should inform grade continuity, the down-dip and strike extents of mineralization, the presence of additional high-grade zones (e.g., 34.0 meters of 9.07 g/t gold in drill hole CZ-25-021) and will contribute to the inaugural mineral resource estimate.Finn Zone - The Finn Zone represents a broad zone of near-surface, epithermal-related gold-silver-base metal mineralization hosted in the hanging wall of a gently, north-dipping, northeast-striking volcaniclastic unit. The zone is open along strike and at depth. Up to 5,000 meters across 15 to 17 drill holes are planned at the Finn Zone to systematically evaluate the down-dip and strike-extent of the favorable, and well mineralized, volcaniclastic unit. Drill holes will cover a footprint of approximately 650 meters by 350 meters on 60 to 80 meter pierce points, primarily down-dip from the densely drilled core of the mineralized zone. Results from this phase of drilling at the Finn Zone should inform grade continuity, the down-dip and strike extents of mineralization, verify historical data and will contribute to the inaugural mineral resource estimate.Additional exploration activities across the highly prospective Finn to Creek corridor (Figure 1) including exploration drilling, geological mapping, soil geochemistry, induced polarization geophysical surveying, and airborne geophysics, are also being considered. Details of these proposed complementary programs will be disclosed as budgets are finalised. Figure 1. Plan map highlighting the ~4.5 km Finn to Creek Corridor showing drill collar locations as well as results from recent and historical rock and soil geochemical surveys (see October 29th, 2025 news release). The areas marked by the dashed yellow ovals will be the focus for the majority of the 2026 drilling. Targets between will be ranked and prioritised for potential drill testing. See references for sources of historical data.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/295931_5127e55b9410fa9d_002full.jpgMineral Resource EstimateOver 46,000 meters of drilling in 366 drill holes, including results from 2024 and 2025 by Sun Summit, have been completed across the JD project. Most of the previous drilling was focused on the Finn and Creek zones (Figure 1). These compiled data, together with results from 2026 drilling and results from an ongoing metallurgical testing (see April 8th, 2026 News Release), will form the basis of the mineral resource estimate ("MRE"), planned for Q1 of 2027.The Company has engaged Dahrouge Geological Consulting USA Ltd. ("Dahrouge USA") to complete an inaugural mineral resource estimate for the JD Project. The MRE will include historical and modern drilling from the Finn and Creek epithermal-related gold-silver mineralized zones. Dahrouge will review and validate the project database and 3D geological domains and will also assist with drill targeting, compositing, statistical analysis, and block model estimation using the supplied geological interpretations. The completed MRE will be classified and reported in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects ("43-101") and Canadian Institute of Mining, Metallurgy and Petroleum standards.Figure 2. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis Gold & Silver Inc., TDG Gold Corp. and Centerra Gold Inc.'s respective corporate websites. The qualified person has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/295931_5127e55b9410fa9d_003full.jpgNational Instrument 43-101 DisclosureThis news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Mr. MacDonald has verified the data disclosed in this press release, including the sampling, analytical and test data underlying this information that has been collected by Sun Summit. Verification procedures include industry standard quality control practices. Some technical information contained in this press release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Management cautions that past results are not necessarily indicative of the results that may be achieved on the property.About Dahrouge USA.Dahrouge USA is a leading and highly experienced group of qualified professional geologists and mining engineers who provide independent consulting services to the mining and exploration sectors. Jacob Anderson (CPG) is the independent qualified person who will lead the modeling validation and estimation team for Dahrouge.Mr. Anderson is a resource geologist and is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists (AIPG). He has significant experience in gold deposits, including stratigraphic, epithermal, vein hosted and porphyry. (1)(1) For clarity, Mr. Anderson has not independently verified and is not responsible for the technical content and disclosure in this news release. The technical content herein was reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., as described above in "National Instrument 43-101 Disclosure".Community Engagement Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.About the JD ProjectThe JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold and Silver Inc.'s Lawyers and Ranch projects, TDG Gold Corp's Baker-Shasta projects, Amarc Resource Ltd.'s AuRORA project, Centerra's Gold Inc's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine (Figure 2).The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.About Sun SummitSun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion, and advancement of district-scale gold and copper assets in British Columbia. The Company's portfolio is anchored by its flagship JD Project, alongside the Theory Project in the prolific Toodoggone region of north-central BC, and the Buck Project in central B.C. Further details are available at www.sunsummitminerals.com. ReferencesHawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.Davis, J.W., and Jamieson, M.D. (1998), Drilling and Geophysical Report on the M.H. Mineral Clain Group, Toodoggone District, Assessment Report Indexing System, Report 25757, https://apps.nrs.gov.bc.ca/pub/aris.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.Krause, R.G. (1996), 1995 Geological Report on the JD Gold Silver Property, Toodoggone River Area, Omineca Mining Division, British Columbia, Assessment Report Indexing System, Report 24284, https://apps.nrs.gov.bc.ca/pub/aris.McBride, S. (2013), 2012 Geological, geochemical and diamond drilling report on the JD Property, Assessment Report Indexing System, Report 33556, https://apps.nrs.gov.bc.ca/pub/aris.McBride, S. and Leslie, C. (2014), 2013 Geological, geophysical and diamond drilling report on the JD Property, Assessment Report Indexing System, Report 34762, https://apps.nrs.gov.bc.ca/pub/aris.Link to FiguresFigure 1. https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/05/2026_JD_Plans_Figure1_20260502-scaled.jpgFigure 2. https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/01/20260121_Figure1-Toodoggone-map.jpgOn behalf of the board of directorsNiel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com For further information, contact:Matthew Benedetto, Simone Capital
mbenedetto @jetfuelmillion-1226Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the prospects, if any, of the JD Project; future exploration activities, including drilling, at the JD Project, including timing and scope thereof; the significance and reliability of historic exploration activities and results; the ability of exploration activities to predict mineralization; the ability of mineralization to be extracted on favourable economic terms; the reliability of a 3D geological and structural model; the advancement of the JD Project, including the inaugural MRE, and timing thereof; future exploration activities at the JD Project, including step-out, infill, and exploration drilling and key zones thereof; timing and size of the mobilization of drill crews and the commencement of drilling activities; the contribution of drilling results to the understanding of grade continuity, down-dip and strike extents of mineralization, and the identification of additional high-grade zones, and the expected impact on the inaugural MRE, if any; additional exploration activities, including geological mapping, soil geochemistry, geophysical surveys, and airborne geophysics. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Sun Summit cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Sun Summit nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of Sun Summit to complete further exploration activities, including drilling; property, option and royalty interests in the JD Gold Project; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Sun Summit does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295931 Original: Sun Summit Outlines Plans for Significant Drilling at the JD Project, Toodoggone Mining District, B.C.
CA Market News
2月前
Sun Summit Announces Selection of Consultants to Complete Metallurgical Testing on the JD Project, Toodoggone Mining District, B.C.April 8, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 8, 2026) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that it has engaged Fuse Advisors Inc. ("Fuse") and Blue Coast Research Ltd. ("BCR") for an initial metallurgical test program for the Creek and Finn zones at the Company's JD Project in the Toodoggone Mining District, north-central British Columbia.An initial metallurgical testwork program has commenced, focused on gaining a stronger understanding of the processing requirements for the JD Project, which encompasses the Creek and Finn zones. Details include:The metallurgical program aims to focus on the Creek and Finn zones for head characterization, mineralogy, comminution, and gold and silver recovery testwork, facilitating preliminary flowsheet development for a potential bulk tonnage mine.The testwork program will investigate gold and silver recovery methods through a combination of cyanide leach, gravity concentration, and flotation.Four master composites (MC) will be assembled from spatially distributed continuous interval composites.Two MC composite samples will be tested from the Creek zone: lower-grade altered pyrite rich material and higher-grade quartz carbonate veins and breccia zones.Two MC composite samples will be tested from the Finn zone: higher-grade, silicified and locally strongly veined/brecciated intervals; and lower-grade, variably altered footwall tuffs.Interval composites will represent a "mining unit" of 5 meters by assembling sequential samples.A total of 20 interval composites will be tested from select coarse core rejects from the 2025 drill program, totalling approximately 302 kg of material.Planned interval composite grade ranges for metallurgical testwork(*), with selections derived from previously disclosed drill assay results, include:Creek Zone Quartz Carbonate Vein: 4 - 10 g/t AuCreek Zone Altered Pyrite Rich: 0.5 - 1 g/t AuFinn Zone High Grade: 3 - 6 g/t AuFinn Zone Low Grade: 0.5 - 1 g/t Au(*) Ranges are solely for composite selection and are derived from previously disclosed assay results. They do not represent mineral resource or exploration target disclosure."We are very excited to kick off this critical first-stage metallurgical testwork program at our JD Project," said Niel Marotta, CEO of Sun Summit Minerals. "Results from this detailed study will form part of a planned NI 43-101 technical report that will also include our inaugural mineral resource estimate for JD, expected in Q1 of 2027."Sample PreparationUpon receipt at the BCR laboratory, samples will be inventoried and cross-referenced against a sample list provided by Sun Summit. Each composite will then be stage crushed to 100% passing 10 mesh (1.7mm) to minimize the further generation of fines. Composites will be homogenized by passing multiple times through a rotary splitter. Once homogeneous, triplicate head assay sub-samples will be taken, and replicate 1.0 kg charges for metallurgical testwork will be produced.Chemical and Mineralogical CharacterizationHead samples will be assayed for the following:Triplicate Au by Fire Assay with ICP-OES finishAg, Cu, Pb, Zn, Fe by four-acid digest (4AD) with ICP-OES finishTotal Sulphur and Total Carbon by combustion IR techniquesMulti-element ICP scanCyanide-soluble Au and spiked leach shake testsEach sample will also be ground and sampled for mineralogical analysis using BCR's in-house TESCAN TIMA platform. This method will generate modal mineralogy, liberation and mineral associations.Metallurgical TestworkGrind calibration testing will be completed to ensure primary grind size. Gravity assessment tests will investigate the potential for gravity recoverable gold using a Knelson MD3 lab gravity concentrator. The Knelson concentrate will then be passed over a superpanner. Each test product will be assayed for Au. A particle size distribution ("PSD") will be completed on the Knelson tailings to verify primary grind size.A number of sulphide rougher flotation tests have been allocated which will be assayed for Au, Ag, Fe, and Stotal. A PSD will be completed on the final tailings to verify primary grind size. Rougher testing will investigate the effects of primary grind size, collector type(s) and addition, and retention time.A number of cleaner flotation tests have also been allocated. Each cleaner test will be assayed for Au, Ag, Fe, and Stotal. A PSD will be conducted on the rougher tailings to verify primary grind size. Allowance has also been included for Malvern sizing of regrind products. Cleaner testwork will investigate the effects of collector type(s) and dosage, as well as regrind size.A number of 48-hour cyanidation bottle rolls have been allocated. Each test will be assayed for Au and Ag, with a multi-element ICP scan on the final PLS. A PSD will be completed on the final residue to verify primary grind size.TimelineFuse has estimated that the metallurgical testwork program will be carried out over 3 months with key results provided as received.About Fuse Advisors Inc.Fuse is a leading and highly experienced group of qualified professional geologists and mining engineers who provide independent consulting services to the mining and exploration sectors, including metallurgical resource estimation. Experience includes testwork management, conceptual flowsheet design, and owner's representative and qualified persons services. Fuse provided owner's team project management support for the Company's Buck Project and for Thesis Gold & Silver Inc.'s prefeasibility study.About Blue Coast Research Ltd.BCR provides bankable metallurgical laboratory testwork and consulting services from their laboratory facilities located in Parksville, BC. They specialise in precious, critical, and base metal metallurgical flowsheet development, evaluating a wide range of processes and technologies including grinding, froth flotation, and gravity concentration at scales from micro-testing to full continuous pilot plant. In addition, BCR has extensive capability in cyanidation, including heap leach amenability testwork.National Instrument 43-101 DisclosureThe scientific and technical disclosure in this news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P.Geo., a "qualified person" (as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators).Community Engagement Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.About the JD ProjectThe JD Project is located in the Toodoggone Mining District in north-central British Columbia, a highly prospective, deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold and Silver's Lawyers and Ranch projects, TDG Gold's Baker-Shasta projects, Amarc Resources' AuRORA project, Centerra's Gold's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine (Figure 5).The project is 450 kilometres northwest of the city of Prince George and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.About Sun SummitSun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion, and advancement of district-scale gold and copper assets in British Columbia. The Company's portfolio is anchored by its flagship JD Project, alongside the Theory Project in the prolific Toodoggone region of north-central BC, and the Buck Project in central B.C. Further details are available at www.sunsummitminerals.com.On behalf of the board of directorsNiel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com For further information, contact:Matthew Benedetto, Simone Capital
mbenedetto @jetfuelmillion-1226Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the geographical focus areas of the metallurgical program; the types and aggregate amounts of composite samples to be tested pursuant to the metallurgical program; results from the metallurgical program forming part of NI 43-101 technical report, and the inclusion therein of inaugural mineral resource estimates for the Company's JD Project, and the timing thereof, if any; the estimated time to complete the metallurgical testwork program. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Sun Summit cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Sun Summit nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of Sun Summit to complete further exploration activities, including drilling; property, option and royalty interests in the JD Gold Project; the ability of Sun Summit to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Sun Summit does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291564
Original: Sun Summit Announces Selection of Consultants to Complete Metallurgical Testing on the JD Project, Toodoggone Mining District, B.C.
CA Market News
4月前
Sun Summit Lists Warrants on the TSXVFebruary 25, 2026 12:55 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted for listing up to 102,583,760 common share purchase warrants of the Company (the "Warrants") for trading on the TSXV. The Warrants are expected to commence trading on the TSXV at the open of markets on February 27, 2026 under the trading symbol "SMN.WT". The Warrants were issued pursuant to a non-brokered private placement (the "Private Placement") of the Company closed on May 30, 2025, pursuant to which the Company issued: (i) 40,868,432 charity flow-through units of the Company (each, a "Charity FT Unit") at a price of $0.105 per Charity FT Unit; (ii) 33,832,770 flow-through units of the Company (each, a "FT Unit") at a price of $0.075 per FT Unit; and (iii) 47,338,602 non-flow-through units (each, an "NFT Unit") at a price of $0.07 per NFT Unit, for aggregate gross proceeds to the Company of $10,142,345, representing a partial exercise of the Company's over-allotment option. For more information about the Private Placement, please refer to the Company's news release dated June 2, 2025, which is available under the Company's SEDAR+ profile at www.sedarplus.ca. Each Warrant entitles the holder thereof to purchase one common share in the capital of the Company at a price of $0.11 per common share until May 30, 2027. The Warrants are governed by the terms of a Warrant Indenture (the "Warrant Indenture") dated February 26, 2026 between the Company and Computershare Trust Company of Canada (the "Warrant Agent") as warrant agent, a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca. For further details regarding the Warrants, please refer to the Warrant Indenture.No action is required by holders of Warrants as a result of this listing of the Warrants. Holders of Warrants will receive DRS statements from the Warrant Agent representing the re-issued Warrants under the Warrant Indenture, which shall bear the CUSIP of the listed Warrants, and may be deposited with the holder's broker in order to facilitate trading their Warrants on the TSXV. Holders may exercise their Warrants at any time prior to the expiry thereof, by delivering a completed and executed copy of the exercise notice, together with payment of the aggregate exercise price, to the Warrant Agent. The exercise notice is available to holders of Warrants on request from the Warrant Agent, from their respective brokers, or from the Warrant Indenture, a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca.About Sun SummitSun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.Further details are available at www.sunsummitminerals.com.On behalf of the board of directorsNiel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com For further information, contact:Matthew Benedetto, Simone Capital
mbenedetto @jetfuelmillion-1226Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things, the anticipated timing of the commencement of trading of the Warrants on the TSXV.Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Sun Summit cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Sun Summit nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Sun Summit does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285285
Original: Sun Summit Lists Warrants on the TSXV
Oleblue
8月前
Sun Summit Adds Second Drill Rig to Follow Up on Success at Creek Zone and Provides Exploration Update from the JD Project, Toodoggone District
Newsfile
September 23, 2025
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its 2025 exploration program, including the addition of a second drill rig, at the JD Project, Toodoggone Mining District, north-central British Columbia.
Highlights:
Follow-up drilling begins at Creek Zone: A second drill rig has commenced drilling at the Creek Zone with holes designed to follow-up hole CZ-25-007 (78.0 meters of 3.72 g/t gold at 30 meters down hole, see press release dated September 8, 2025). Gold mineralization intersected in CZ25-007 remains open along trend and drilling will test the strike- and dip-extent to the northwest.
Assays Pending: Assays from ten additional drill holes (totalling 3,340 meters) drilled at the Creek zone are pending.
Expansion of exploration program to 5,500+ meters: Over 5,500 meters of drilling is now planned at the JD Project, roughly 10% more than originally contemplated.
Drilling begins at Finn Zone: Drilling has also commenced at the Finn Zone, with the first rig, where six holes are designed to test the footprint near-surface gold-silver mineralization defined in historic drilling (see press release dated August 20, 2025).
Porphyry Cu-Au target tested: Over 900 meters of reconnaissance drilling across two holes at the Belle South Cu-Au porphyry target have now been completed. Samples have been sent to the lab for analysis. Results will inform the geological understanding of one of the high-priority porphyry targets identified this year within the project-scale, 12 km long JD Porphyry trend (see press release dated September 18, 2025).
"We are delighted to mobilize a second drill rig to the Creek Zone at the JD Property prior to the end of the drill season in order to follow up on the success from Hole CR-25-007," said Niel Marotta, CEO of Sun Summit Minerals. "The exceptional grades and strong continuity in this hole highlighted what we believe may be a new parallel zone, making it a top priority to test further while the drills are turning. We are also excited to begin drilling at the silver-rich Finn Zone, and, separately, to have completed 900 meters at Belle South, one of our most prospective porphyry targets. Expanding our understanding of mineralization at depth and the porphyry potential at JD will remain a key focus as we wrap up the 2025 program and look ahead to 2026 and beyond."
Ongoing Exploration Program
The primary exploration goals at JD in 2025 are to advance and expand the Creek and Finn gold-silver targets and to generate and refine new priority targets across the project. Work is currently focused on the highly prospective 4.5 km long epithermal-related Finn to Creek corridor, as well as the 12 km long JD Porphyry trend. Exploration updates include:
Drilling at Creek Zone: Follow-up drilling has begun with a second drill rig at the Creek Zone. Holes are planned to follow-up and expand on results from CZ-25-007 (78.0 at 3.72 g/t gold, from 30.0 meters down hole). Step-out holes are designed to test the down-dip and northwest strike extent of strong epithermal-related gold mineralization intersected in CZ-25-007. The upper 78.0 meter interval of CZ-25-007 is in an area not previously tested by drilling and may represent a parallel zone of mineralization north of the main series of Creek Zone high-grade veins.
Drilling at Finn Zone: Drilling at the Finn Zone will include confirmation, infill, and step-out holes. Holes are designed to evaluate the extent and continuity of high-grade and bulk-tonnage gold-silver mineralization, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone. Historical highlight intercepts (Figure 2) include:
35.7 m of 7.26 g/t Au, 94 g/t Ag including 1.0 m of 215.4 g/t Au, 308 g/t Ag (JD95-0472)
45.0 m of 3.02 g/t Au, 143 g/t Ag including 5.0 m of 8.18 g/t Au, 918 g/t Ag (JD95-0762)
20.85 m of 8.76 g/t Au, 68 g/t Ag including 11.0 m of 15.1 g/t Au,108 g/t Ag (JD95-0972)
22.0 m of 6.32 g/t Au, 46 g/t Ag including 12.6 m of 10.8 g/t Au, 66 g/t Ag (JD12-0033)
Drilling in the 1990s at the Finn zone primarily focused on a high-grade core covering an area of roughly 300 by 100 metres, with drill holes typically spaced at 25-metre intervals (see February 1, 2024, news release). Downhole sampling was inconsistent, leaving significant gaps in data, and several holes ended in strong gold-silver mineralization. Later drilling in 2012-2013 expanded the mineralized zone, extending it down-dip by 350 metres and along strike for 500 metres.
Drilling at Belle South: Over 900 meters of reconnaissance drilling across two holes at the Belle South Cu-Au porphyry target have now been completed. The significant Belle South magnetic-high was covered by the 2025 Phase I IP Survey, the results which have now been processed, inverted and interpreted (Figure 3 and see News Release Sept. 18, 2025). Similar to Amarc's AuRORA discovery, Belle South demonstrates a strong chargeability-high coincident with a strong magnetic-high anomaly. Both holes have been logged and samples will be sent to the lab in the coming weeks. Results from the two holes will inform the geological understanding of one of the higher-priority porphyry targets identified this year within the project-scale 12 km long, JD Porphyry trend (see press release dated September 18, 2025).
CONTINUED:
https://finance.yahoo.com/news/sun-summit-adds-second-drill-110000093.html
Oleblue
8月前
Eagle Plains' Partner Sun Summit Minerals Commences Fieldwork at the Theory Project, Toodoggone District, BC
ACCESS Newswire · Eagle Plains Resources Ltd.
Eagle Plains Resources Ltd.
August 21, 2025
I
CRANBROOK, BC / ACCESS Newswire / August 21, 2025 / (TSX-V:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") is pleased to announce that partner Sun Summit Minerals Corp. (TSX-V:SMN)(OTCQB:SMREF) ("Sun Summit") has mobilized exploration crews to commence 2025 fieldwork at Eagle Plains' Theory copper-gold project (the "Theory Project"), north-central British Columbia. The property is owned 100% by Eagle Plains, with 122 hectares of the property subject to an underlying 0.5% Net Smelter Royalty held by a third party.
The Theory Project borders Thesis Gold's Ranch Project to the north and is located within 10 km to the North West of Sun Summit's JD Project.Sun Summit signed an option agreement with Eagle Plains to earn up to a 100% interest in the project, located in the highly prospective Toodoggone Mining District. (see press release dated March 17, 2025)
Theory Project Exploration Program
The focus of the 2025 program will be to identify drill targets using prospecting, geological mapping, geochemical sampling and remote sensing to follow up on areas of interest generated through a 2024 airborne geophysical survey and a comprehensive, ongoing data compilation. The proposed work program will have a budget adequate to exceed the minimum required 2025 exploration expenditures of $200,000.
Eagle Plains will serve as operator for the project and the work will be completed by TerraLogic Exploration.
See Theory Project Information and Map here
The 9676ha Theory Project is located in northern BC within the Toodoggone Mining District. The district is endowed with both epithermal gold and porphyry copper-gold deposits, most notably the past producing Kemess Mine owned by Centerra Gold. The Omineca Resource Road provides access to the region from Mackenzie, BC. Recent road upgrades completed in 2023 by Thesis Gold on their Lawyers-Ranch Project brought road access to within 8 kms of the Theory Project.
Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics which unconformably overlie late Triassic Takla Group volcanics. The entire package of rocks is intruded by late Triassic and early Jurassic stocks. The majority of the Theory property encompasses the highly prospective Jurassic-Triassic unconformity (~200 Ma), termed by the BC Geologic Survey as the ‘Red-Line', which is known to have a high spatial correlation to many of the known deposits throughout the Golden Triangle and Toodoggone.
Exploration by previous operators has been intermittent since the mid-1960's and regional government surveys are sparse, however encouraging mineralization and alteration commonly associated with both epithermal and porphyry systems has been documented. The most significant documented work was completed in 1988 in the north and west areas of the Theory project area. Work consisted primarily of alpine ridge and subalpine prospecting traverses as well as reconnaissance soil sample lines in areas where no outcrop was present. This work documented occurrences of low-sulphidation epithermal-related mineralization including quartz-barite veins with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at the DM occurrence (BC Minfile 094E 231)*; and a quartz carbonate vein system with up to 6.8 g/t Au and 1,480 g/t Ag at the Fred-1 occurrence (BC Minfile 094E 402)*. The BEV occurrences (BC Minfile 094E 259)*, interpreted as a Cu-Au porphyry target, returned select historical rock results up to 0.47% Cu, 10.5 g/t Ag, and 0.13 g/t Au. Detailed soils revealed a 1.6 by 2 kilometre copper-in-soil anomaly with peak soil results to 920 ppm Cu. Very little work is documented in the south and eastern parts of the property.
Recent exploration success in the area has been highlighted by Thesis Gold's announcement at their Lawyers-Ranch Project of a combined Measured and Indicated Mineral Resource of 4.0 Moz and an Inferred Mineral Resource of 727 Koz at respective grades of 1.51 and 1.82 g/t AuEq. (Thesis Gold, May 1, 2024 News Release) and by Amarc Resources' new high-grade copper-gold-silver discovery at the AuRORA zone of the Joy Project (Amarc Resources, January 17, 2025 News Release).
In late 2023 Eagle Plains acquired the property through staking and third-party agreements. After undertaking initial compilation and interpretation of historical data on the project, Eagle Plains completed a property wide, high resolution airborne magnetic and radiometric survey in July 2024.
Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:"ER") was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER announced that it had entered into a definitive amalgamation agreement with Summit Royalty Corp. pursuant to which Summit will "go-public" by way of a reverse takeover (RTO) of ER. Eagle Royalties shareholders will receive a consideration of $0.18 per ER share, representing a premium of 47% based on ER's closing price on June 30, 2025 on the Canadian Securities Exchange. Completion of the RTO is subject to a number of conditions, including, but not limited to, Exchange acceptance and required shareholder approvals of ER and Summit. There can be no assurance that the RTO will be completed as proposed or at all.
On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ("OP") will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2024 on Eagle Plains-related projects exceed $39M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
https://finance.yahoo.com/news/eagle-plains-partner-sun-summit-110000519.html
Weekly Chart
https://schrts.co/jsjcfbwh
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
fink
4週前
メールアドレスで登録
