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Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

TSXV:SUNM - Post Discussion

Sun Metals Corp. > Huge News... No one noticed...
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Post by Goldnboy1 on Aug 17, 2019 5:46pm

Huge News... No one noticed...

Sun Metals is not entry level. Even the quality control sections come with news.

Most never even noticed it. They were blinded by ASSAY!!! ASSAY!!!

It says in the quality control section that 2327 samples have been sent to the lab for analysis in 11 holes. What is peculiar about this is that after 9 holes disclosure two weeks ago, just 1528 samples were sent in for analysis. Also it had taken 8 weeks of drilling to send in 1528 samples. But just two weeks to send in these added 799. Quite seemingly more rushed to the lab than those before it. 

Wait a second. Rewind. Holes 10 and 11 have a total of 799 samples more. Holes 1-9 just 1528 samples. 

Now let’s do some math: 
1528/9 = 169 samples per hole 
799/2 = 399.5 samples per hole

Now I was told from a reputable source that the missing 34m section in hole 430 was mineralized. However the company is only planning to disclose high grade. This is like what GTT did when they only disclosed 5 grams per ton or higher in their high grade gold zone results. I was told this section of in reported rock would meet underground bulk mine plans. So by the sounds of it 163m of that rock in 430 would be included in a resource estimate. 

If we add up all of the results. We have 396m of mineralized core length. Divided three ways is an average of 132m per core average. 132m of core divided in 169 samples = 0.781. 

If 78% of the samples in holes 10 and 11 are as mineralized as I believe they will be. That would be. 623.2m of core length or 311.6m per hole. 

Now odds are.  Both of these holes will not be the exact same. One will be longer than the other in some capacity. We know how much the market likes big true width holes. She loves them! 

Robertson was asked a question about core density by a Sprott Global analyst in the conference call. His answer “we are encountering some small voids to the east. But other than that, yes the core is really well intact”. 

Why are the voids to the east important?

First off it says one of those holes is drilled off section to the east. Second is the voids themselves. When limestone and hot acidic metal rich fluid flows interact. The result is a net volume loss for the host limestone. In highly reactive systems this leads to voids, fissures and crevasses. Essentially tiny caves that are a direct result of host rocks interacting with metal rich fluids. Voids are only 0.5-1m wide when encountered at Stardust I’m told. So do not go picturing massive gaps in a resource estimate. 

From what ive read. When you start finding voids. You start finding less garnet. When you find less garnet or no garnet. There is a good chance, you’ve found the meat of the system. Grades are likely to increase. Essentially hitting voids is another characteristic we absolutely want to see. 

Roberston said in an interview he expects results in successive weeks, just a few weeks from now. That sounds like rush results on holes 10/11. While it appears they had no rush to put out results on holes like 428-430. This represented a pattern shift for me, from non urgent to urgent.  This is very much good news. 

Full Disclosure: Long Term Shareholder
Comment by nopoo on Aug 17, 2019 7:18pm
Garnets are important. they were moving south and encountering more and more garnets. Not what you want. They are now focusing on moving north, less garnets means they are moving to the heat. All good imo. ttfn nopoo
Comment by nopoo on Aug 19, 2019 12:19pm
In regards to the depth. They are drilling from the top of a hill. IF there is a mineable deposit they will come in from the side. Makes quite a difference. ttfn nopoo I own SUNM
Comment by goindeeper on Aug 19, 2019 12:46pm
Good point on mine economics but I am just trying to get an idea of the attitude of the deposit right now.  That's why I referred to elevation.  The folds in the area plunge NNW at 10 to 60 degrees.  That can also be seen in the cross-section models by looking at the elevation and position of the anticline position of the tuff unit.  If the northern drill pads are at the ...more  
Comment by StewartCatso on Aug 17, 2019 7:22pm
Another item that no one may have noticed was the significance of historical hole LD2002-09 (which graded 15.0 m of 2.19 Cu %, 24.20 Au g/t, and 134.4 Ag g/t   including 9.7m 2.89 Cu % 36.70 Au g/t 182.7) in relation to DDH19-SD-429M.  It is roughly 250 meters vertical from 429M and 20ish meters south. refer to https://sunmetals.ca/site/assets/files/3736 ...more  
Comment by goindeeper on Aug 19, 2019 11:18am
Thank you for posting this.  Can you tell me where you found the 2002 drilling results?   Those are the only ones I couldn't seem to find.  I've included the only reference I could find below It appears that the mineralization is associated with the proximity of the glover stock to the tuff unit as the tuff unit was permeable and acted as a mineralized fluid path.  ...more  
Comment by goindeeper on Aug 19, 2019 12:55pm
Another nearby historical hole:  LD05-17(Az 50° Dip -60°, 346837E, 6161892N) 2.7 g/t Au, 85.1 g/t Ag and 2.13% cu over 8.5 meters from 372.7 to 381.2 meters.  This hole is 35 meters from LD-02-09 (36.7 g/t Au, 182.6 g/t Ag and 2.89% Cu over 9.7 meters In skarn style high-grade gold (from https://www.lorrainecopper.com/wp-content/uploads/LustDustPDF/Lustdust-Summary-March-2017 ...more  
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