Sun Summit Minerals


Primary ticker: TSXV:SMN, OTCQB:SMREF
Stage of development: Exploration
Primary minerals: Gold, Silver, Zinc
Project to promote: The Buck Project
Project location: Canada
Corporate presentation: Click here

Sun Summit’s flagship Buck Project is a bulk-tonnage gold, silver, and zinc property located just south of the town of Houston in central British Columbia. The property has excellently developed infrastructure that allows year-round road access for exploration, has favourable host rock, drill-ready targets, and is located in a mining-friendly jurisdiction. Successful exploration drilling at Buck Main project in 2022 expanded the known footprint of mineralization.

Exploration plans for 2023 include the commencement of drilling this quarter at new, high-priority drill targets outside the Buck Main system called IRK and Eagle Eye targets. Progression of step-out drilling at Buck Main to investigate the extent and continuity of high-grade and bulk-tonnage mineralization. In addition, the Company is planning a significant field program to advance numerous other targets across the Buck project to provide additional discovery potential on the Buck property.

Cash: CAD~$2.5M
Debt: NIL

Major shareholders:
Tookie Angus – 10%
Dick Billingsley – 8%
Management Ownership – 11%

Management Profile

Ms. Sharyn Alexander – President
Ms. Alexander joined Sun Summit as Vice President, Technical Services, in 2019 and was appointed President in 2021. She is a qualified geologist with a 20-year background in the mining and metals sector and adds great value to the company with her diversified skillset within the industry. Through her experiences, Ms. Alexander has gained in-depth knowledge of the operational side of junior exploration companies in project management, business development, strategic planning, relationship building, social responsibility, investor relations, and marketing. She has worked with companies such as B2Gold, Barrick (Australia), and SRK Consulting.

What is your rationale for taking part in 121 Mining Investment?

With substantial news flow expected in 2023, we seek increased awareness, possible
on-market buying, and potential future financing participants.

What recent news would you like to highlight to investors attending?

February 8 – Commencement of drilling on two, new high-priority targets at Buck,
January 25 – Step-out drilling expands near surface Au-Ag-Zn mineralization at Buck,
January 19 – Sun Summit extends high-grade mineralization at Buck Project.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Recent systematic property-wide field exploration has resulted in the delineation of several new, high-priority drill targets outside the Buck main system. Sun Summit has prioritized IRK and Eagle Eye to the drill-ready stage and has defined several high-priority targets within each for drill testing in an upcoming program. Drill testing these targets is expected to commence this quarter.

6 Months:
Ongoing advancements and improved understanding of the existing Buck Main discovery will be conducted to test its potential to be expanded and developed. The continuation of step-out drilling at Buck Main to investigate the extent and continuity of high-grade and bulk-tonnage mineralization.

12 Months:
2023 will be a pivotal year for Sun Summit. The Company is planning a significant field program across the Buck project aimed at discovery.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Prevailing market headwinds.

What do you think makes your company such a compelling investment?

Sun Summit is well financed and equipped with the combined value of a known high-grade gold discovery and multiple highly prospective, yet underexplored, secondary zones for ongoing exploration and possible discovery. While many in the sector are cutting back on exploration budgets due to the current difficulty in accessing capital, Sun Summit is fully funded and poised for project advancement and a steady flow of news through the balance of 2023.

What are the top 3 key investor takeaways? 

Year-round exploration access, existing infrastructure, blue-sky potential