Post by
MillMan123 on Jan 17, 2020 5:51pm
Not good buddy
Page 1 of 6 NEWS RELEASE 20-01 January 17, 2020 SUN METALS REPORTS FINAL RESULTS FOR 2019 DRILLING AT STARDUST 421 Zone Mineralization Shown To Extend South of Canyon Creek Fault and Plunge Length Extended To 325 Metres Vancouver, B.C. Sun Metals Corp. (Sun Metals or the Company) (TSXV: SUNM) reports final results from 2019 drilling at the 421 zone at its 100% owned Stardust project in northcentral British Columbia. Highlights from the 2019 program include: 421 zone of high-grade copper-gold mineralization extended to a plunge length of 325 metres. Average mineralized drill intercept length in the 421 zone is 34.44 metres (1). 14,066 metres drilled in 28 drill holes. 60% of drill holes intersect reportable length and grade of sulphide mineralization. Drilling has proven that sulphide mineralization is present on the south side of the Canyon Creek Fault, which shows significant potential for expansion of the 421 zone in that area. With the highly successful 2019 season behind us, the Sun Metals exploration team has a better understanding of the geologic controls of mineralization in the 421 zone and are planning for the next phase of exploration. Drilling Results Highlights from the newly reported results include a step to the south in drill hole DDH19-SD-453M which returned 26.30 metres grading 1.45% copper, 1.48 gram per tonne (g/t) gold and 33.4 g/t silver, or 2.59% copper equivalent (CuEq)(2). A second interval in the same hole returned 7.20 metres of 2.10% copper, 1.41 g/t gold and 33.4 g/t silver or 3.29% CuEq. These mineralized intervals are believed to be an offset extension of the 421 zone mineralization to the south, on the south side of a splay of the Canyon Creek Fault. This is the most southerly test of the 421 zone to date indicating mineralization remains open in several directions. Drill holes DDH19-SD-443D and DDH19-SD-444D represent step-outs down plunge and to the north on sections 2150N and 2200N respectively (see figures 3 and 4). These new intervals have revealed a lower extension of the 421 zone mineralization envelope and are still open to depth, which may have important implications for the next phase of exploration. The two most northerly fences of drilling to the north on sections 2275N and 2375N did not intersect significant intervals of sulphide mineralization. The upper holes on these sections intersected hanging wall stratigraphy where the target horizon was initially projected (See figures 5 and 6), implying that there is a faulted down drop in the area. Samples collected from drill holes DDH19-SD-452D and DDH19-SD-454D are still pending at the time of this release, however visual inspection and logging of the drill core does not indicate that significant material intersections are expected. Hole DDH19-SD-455D on section 2375N was not completed to target depth before drilling was concluded for the season. This hole has been left with the casing in place to allow continuation in the future. Page 2 of 6 New drill result highlights include: Table 1: Drill Highlights Drill Hole Name From (m) To (m) Length (m)(1) Copper (%) Gold (g/t) Silver (g/t) Copper Equivalent (%) Gold Equivalent (g/t) DDH19-SD-443D 678.30 695.30 17.00 1.17 1.05 19.2 2.00 3.17 DDH19-SD-444D 735.00 738.20 3.20 1.65 1.30 29.4 2.73 4.32 and 762.00 772.95 10.95 3.19 3.60 58.1 6.00 9.49 DDH19-SD-453 540.70 567.00 26.30 1.45 1.48 22.2 2.59 4.09 including 553.80 557.40 3.60 3.98 3.45 66.6 6.75 10.68 and 594.00 601.20 7.20 2.10 1.41 33.4 3.29 5.20 (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).