Sun Summit Minerals Corp. V.SMN

Alternate Symbol(s): SMREF

Metals & Mining Industrial Metals & Minerals

Sun Summit Minerals Corp. is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia (BC). The Company's diverse portfolio includes the Buck Project in central BC, and the JD Project in the Toodoggone region of north-central BC. The Buck Project is a 52,000-hectare (ha) tenure package, located approximately 10 kilometers (km) south of the town of Houston, 60 km southeast of the Smithers airport and is located west of the past producing Equity Silver Mine (Newmont) and north of the Huckleberry copper mine (Imperial Metals). The JD Project is located in the Toodoggone gold-copper district in north-central BC., a highly prospective, deposit-rich metallogenic belt. The 15,000 ha/150 square kilometers tenure package is located about 450 km northwest of the City of Prince George, and 25 km north of the Sturdee gravel airstrip. The JD Project is characterized by both high-grade epithermal gold and silver mineralization.

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Sun Summit Minerals Corp.

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Comment by esquiloon Dec 05, 2010 2:25pm

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Post# 17803105

RE: Insight Needed

I can speak to Chesapeake (CKG). Their main asset is the 20MM+ ounces AU Metates property that is being prepared for sale. Everything else in the CKG property portfolio is pretty much being sold or spun out. Gunpoint Exploration (GUN) ended up with some excellent assets (best is probably Talapoosa in NV) and cash with CKG now owning 82% of GUN. As I recall, CKG got 400,000 shares of SMN, a 1% NSR, and a little cash for Telcomate. Seems like a win-win for both SMN or CKG.

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