Sun Metals Announces Plans To Add A Third Drill And Winter Camp At Stardust Project
Press Release
September 9, 2019
Vancouver, B.C. – Sun Metals Corp. (“Sun Metals” or the “Company”) (TSXV: SUNM) announces plans for the addition of a third diamond drill rig, and for a winter program at its 100% owned Stardust project in northcentral British Columbia. The positive results from the 2019 exploration campaign confirm the 421 zone copper-gold skarn mineralization is open to the north and south. The Company is accelerating the exploration campaign which is designed to follow up and expand on the mineralization intersected in the discovery drill hole DDH18-SD-421 (see press release at https://sunmetals.ca/news/2018/).
The Stardust project is:
- A large, high-grade polymetallic copper-gold system
- Located in northcentral British Columbia, a favorable jurisdiction with advantages in infrastructure, communities, workforce and climate
- Backed by Oxygen Capital, a multi-disciplinary team with a successful track record in converting modest capital investments into exceptional shareholder returns.
Recent highlights at the Stardust project include:
- 2018 drilling discovery of the 421 zone, located near the previously defined Canyon Creek resource (see Resource Estimate table below)
- 2019 successful drilling at the 421 zone on step-outs to the north and south indicates continuation of broad intervals of high-grade copper-gold mineralization. Important intersections in the 421 zone include:Table 1: Selected Significant Intervals in 421 Zone(1)
Drill Hole Name
From (m)
To (m)
Length (m)(1)
Copper (%)
Gold (g/t)
Silver (g/t)
Zinc (%)
Copper
Equivalent (%)²Gold
Equivalent (g/t)²DDH18-SD-421
517.00
617.00
100.00
2.51
3.03
52.5
0.41
5.05
8.00
DDH19-SD-428D
493.45
635.80
142.35
1.22
1.28
21.8
0.41
2.40
3.79
DDH19-SD-429M
564.00
654.05
90.05
1.08
1.40
21.6
0.22
2.24
3.55
DDH19-SD-430D
490.60
512.60
22.00
1.53
1.02
24.6
0.03
2.40
3.79
and
546.00
653.00
107.00
1.64
1.77
28.6
0.03
3.02
4.79
DDH19-SD-437
537.60
624.00
86.40
1.65
1.56
28.8
0.28
3.00
4.75
(1) True widths of the reported mineralized intervals have not been determined
(2) Assumptions used in USD for the copper equivalent calculation were metal prices of $3.00/lb Copper, $1,300/oz Gold, $18/oz Silver, $1.25/lb Zinc and recovery is assumed to be 100% as no metallurgical test data is available. The following equation was used to calculate copper equivalence: CuEq = Copper (%) + (Gold (g/t) x 0.6319) + (Silver (g/t) x 0.0087) + (Zinc (%) x 0.4167). The following equation was used to calculate gold equivalence: AuEq = (Copper (%) x 1.5824 + Gold (g/t) + (Silver (g/t) x 0.01385) + (Zinc (%) x 0.6593). - The 2019 drilling continues to intersect broad zones of skarn alteration within which are strong intervals of high-grade copper-gold mineralization as evidenced in the highlights above. These intersections show a continuous correlation of high grades from section to section
- Mobilization of a third drill and for a winter camp will allow for all-season accelerated exploration.
DRILLING
Diamond drill contractor Matrix Diamond Drilling Ltd., based in Kamloops, BC, is working with the company to mobilize a third hydraulic diamond drill to Stardust to hasten the pace of drilling. The contractor began the 2019 exploration campaign in May with two diamond drills which have been working steadily in the 421 zone since that time. The drills are employing the use of pilot holes and directional diamond drilling to accurately test targets in the zone. The efficiency of the directional drilling tool is maximized with three drill rigs, so the addition of a third drill will allow for quicker advancement of the exploration program.
CAMP
Plans are underway for installation of an all-season winterized camp and additional roads to facilitate an extended exploration campaign. The camp is expected to support a workforce of up to 40 workers, which will be more than adequate to support a three drill rig exploration campaign.
GENERAL
Donald McInnes, Chairman of Sun Metals stated, “The continued discovery of very impressive size and grade intervals in the 421 zone in the 2019 campaign are exceeding our expectations. Timely advancement of the exploration team’s understanding of the Stardust mineralizing system is critical to the execution of our corporate vision. By adding a third drill and installing an all-season camp we will be able to achieve our goals more quickly and efficiently.”
Graphics & Table
Updated graphics including a plan map of the 2019 drill program (Figure 1), and a 421 zone vertical section with cross sections 2075N, 2125N, 2150N and (Figures 2-5), and a full table of reported results to date from the 2019 drill program (Drill Results Table) are available on the Company website(1):
Figure 1: https://sunmetals.ca/site/assets/files/3741/figure_1.jpg
Figure 2: https://sunmetals.ca/site/assets/files/3741/figure_2.jpg
Figure 3: https://sunmetals.ca/site/assets/files/3741/figure_3.jpg
Figure 4: https://sunmetals.ca/site/assets/files/3741/figure_4.jpg
Figure 5: https://sunmetals.ca/site/assets/files/3741/figure_5.jpg
Drill Results Table: https://sunmetals.ca/site/assets/files/3739/master_drill_results_table.pdf
Quality Assurance/Quality Control
Drill core samples have been shipped to the Bureau Veritas (“BV”) laboratory in Vancouver, BC. Drilling completed on the project in 2019 was supervised by on-site Sun Metals personnel who collected and tracked samples and implemented a full QA/QC program using blanks, standards and duplicates to monitor analytical accuracy and precision. The samples were sealed on site and shipped to BV in Vancouver BC for analysis. BV’s quality control system complies with global certifications for Quality ISO9001:2008. Core samples were analyzed using a combination of BV’s AQ270 process for low level concentrations (ICP-ES/MS aqua regia) and the MA270 process for higher level concentrations (ICPES/MS 4 acid digestion). Gold assaying was completed with FA330, a 30-gram fire assay with ICP-ES finish. Base metal overlimits were finalized with titration and a silica wash was used between high grade samples to ensure no sample carry over.
Technical aspects of this news release have been reviewed and approved by Ian Neill P.Geo., Vice President Exploration of Sun Metals, who is a qualified person as defined by National Instrument 43-101.
For more information, please contact Susie Bell, Investor Relations for Sun Metals at sbell@sunmetals.ca, 604-697-4953, or Steve Robertson, President and CEO of Sun Metals, at srobertson@sunmetals.ca, (604) 697-4952.
On Behalf of the Board of Directors of
SUN METALS CORP.
Steve Robertson
Chief Executive Officer
IBF4
