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Sun Peak Reports Copper-Zinc Drill Results from Safra Project in Saudi Arabia

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FAQSIR News Desk
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Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) has announced assay results from its maiden diamond drill programme at the 100%-owned Safra volcanogenic massive sulphide (VMS) Project in Saudi Arabia. The company reported copper- and zinc-bearing intervals from drilling at the Safra Main target, along with silver, lead and gold in some intersections.

#Drilling results at Safra

The programme comprised 10 diamond drill holes totalling 1,242 metres across the Safra Main and Safra South targets. At Safra Main, all seven holes intersected mineralised intervals ranging from disseminated to massive sulphide. The company said the mineralised system remains open at depth and along strike.

Hole SAF26DD008 returned 39.0 metres averaging 1.38% copper and 0.84% zinc, including 17.75 metres averaging 1.60% copper and 1.58% zinc.

Another reported interval measured 19.42 metres averaging 1.17% copper, 2.59% zinc and 22.35 g/t silver. This included 3.0 metres averaging 3.08% copper, 11.72% zinc and 57.25 g/t silver.

In Hole SAF26DD005, a second interval returned 13.0 metres averaging 0.49% copper, 1.77% zinc, 1.64% lead, 69.17 g/t silver and 0.61 g/t gold. Within that interval, 6.0 metres averaged 0.96% copper, 3.35% zinc, 3.15% lead, 127.43 g/t silver and 1.02 g/t gold.

Other reported intersections included 8.85 metres averaging 1.32% copper and 6.51% zinc in SAF26DD001; 6.80 metres averaging 0.48% copper, 3.19% zinc, 34.81 g/t silver and 1.33 g/t gold in SAF26DD003; and 6.0 metres averaging 2.86% copper and 5.70% zinc in SAF26DD010.

#Safra targets and project setting

Seven holes tested geological, geochemical and geophysical targets at Safra Main, while three holes evaluated conductive TDEM targets at Safra South, located approximately 1.5 kilometres south of Safra Main. The company said substantial portions of the mineralised trends, geophysical targets and the depth extent of the zones remain untested.

The Safra Main Zone remains open to the north toward Safra North, south along strike and at depth. Safra East, a parallel VMS trend approximately 1.5 km east of Safra Main, has not yet been tested by diamond drilling. Surface sampling at Safra East returned values of up to 1.38% Cu, while the zone is also associated with a strong gravity anomaly.

The Safra Project is located 185 kilometres northeast of Medina and covers approximately 93 km² within the Nuqrah VMS Belt of the Arabian-Nubian Shield. Earlier surface work at Safra Main identified multiple mineralised trends, including gossan and alteration zones.

#Follow-up exploration

Sun Peak said it is combining the assay results with geological logging, structural interpretation, surface geochemistry, gravity and TDEM data to refine the Safra geological model and prioritise follow-up drilling. Planned work will examine extensions at Safra Main and the North, South and East targets.

The company also said it had completed an initial drill programme at the Halahila VMS Project after the Safra campaign. That programme comprised 13 diamond drill holes totalling 2,521 metres. A total of 402 drill core samples were submitted to ALS Global in Jeddah, with initial assay results expected shortly, according to the company.

#Risks and technical information

Sun Peak said its forward-looking statements are subject to risks and uncertainties, and that anticipated events may not occur or may not deliver the expected benefits. The risks identified include political stability in Ethiopia and the Middle Eastern region, equity financing markets and the results of future exploration activities. The company also stated that management’s expectations, estimates and assumptions may prove incorrect and that actual results may differ materially from those expressed or implied.

The Safra results were reviewed and approved by Arron Albano, P.Geo., Sun Peak’s Exploration Manager and a Qualified Person under National Instrument 43-101. The company said its sampling programme included certified reference materials, blanks and duplicate samples as part of its internal quality assurance and quality control procedures.

#Key Takeaways

  • Sun Peak reported assay results from a 10-hole, 1,242-metre maiden drill programme at the Safra VMS Project in Saudi Arabia.
  • Hole SAF26DD008 returned 39.0 metres averaging 1.38% copper and 0.84% zinc, including 17.75 metres averaging 1.60% copper and 1.58% zinc.
  • Additional results included copper, zinc, silver, lead and gold intervals from holes SAF26DD001, SAF26DD003, SAF26DD005 and SAF26DD010.
  • Sun Peak said Safra Main remains open along strike and at depth, while Safra North and Safra East include untested targets.
  • The company said it is prioritising follow-up work at Safra and is awaiting initial assay results from its Halahila drill programme.

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Frequently Asked Questions

Sun Peak Metals Corp. announced assay results from its maiden diamond drill programme at its 100%-owned Safra VMS Project in the Kingdom of Saudi Arabia. The issuer is identified in the source as Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF).
The source reports 39.0 metres averaging 1.38% copper and 0.84% zinc, including 17.75 metres averaging 1.60% copper and 1.58% zinc in Hole SAF26DD008. It also reports 19.42 metres averaging 1.17% copper, 2.59% zinc and 22.35 g/t silver, including 3.0 metres averaging 3.08% copper, 11.72% zinc and 57.25 g/t silver.
In Hole SAF26DD005, a second interval returned 13.0 metres averaging 0.49% copper, 1.77% zinc, 1.64% lead, 69.17 g/t silver and 0.61 g/t gold, including 6.0 metres averaging 0.96% copper, 3.35% zinc, 3.15% lead, 127.43 g/t silver and 1.02 g/t gold. Additional reported intersections were 8.85 metres averaging 1.32% copper and 6.51% zinc in SAF26DD001; 6.80 metres averaging 0.48% copper, 3.19% zinc, 34.81 g/t silver and 1.33 g/t gold in SAF26DD003; and 6.0 metres averaging 2.86% copper and 5.70% zinc in SAF26DD010.
The initial programme comprised 10 diamond drill holes totalling 1,242 metres and tested the Safra Main and Safra South targets. Seven holes were drilled at Safra Main and three tested conductive TDEM targets at Safra South, located approximately 1.5 kilometres south of Safra Main. The source says all seven holes at Safra Main returned mineralised intervals and that substantial portions of the mineralised trends, geophysical targets and depth extent remain untested.
The Safra Project is 185 kilometres northeast of Medina and covers approximately 93 km² within the Nuqrah VMS Belt of the Arabian-Nubian Shield. The Safra Main Zone remains open for expansion to the north toward Safra North, south along strike and at depth, while the Safra East Zone, approximately 1.5 km east of Safra Main, remains untested by diamond drilling. These are exploration findings and targets; the source does not state an established mineral resource, mine development decision or economic assessment for Safra.
Sun Peak says it is integrating the assay results with geological logging, structural interpretation, surface geochemistry, gravity and TDEM data to refine the Safra geological model and prioritise follow-up drilling. Planned work will evaluate extensions at Safra Main and the North, South and East Targets. The source also says that, after the Safra programme, Sun Peak completed an initial drill programme at the Halahila VMS Project comprising 13 diamond drill holes totalling 2,521 metres, with 402 drill core samples submitted to ALS Global in Jeddah and initial assay results expected shortly.
The source states that forward-looking statements are subject to risks and uncertainties and that no assurance can be given that anticipated events will occur or what benefits Sun Peak will obtain from them. It identifies risks associated with the political stability of Ethiopia and the Middle Eastern region, equity financing markets and future exploration activities by Sun Peak. It also states that management’s expectations, estimates and assumptions may prove incorrect and that actual results, performance or developments may differ materially from those expressed or implied.