Sun Peak Metals Announces First Assay Results from 2024 Drill Program

Sun Peak Metals Corp. has reported initial results from its 2024 drill program at the Shire Project in northern Ethiopia. The company drilled 24 diamond drill holes, totaling 5,236 meters, targeting the Terer and Hamlo VMS zones.

At the Terer target, drill hole TR-002 intersected 18.46 meters of 1.34% copper-equivalent (CuEq), including 9.80 meters of 2.13% CuEq. Drilling revealed VMS-style alteration and mineralization, with a confirmed extension of over a kilometer.

At the Hamlo target, a new VMS mineralized zone was identified, extending over 1 km. Initial assay results from seven holes indicate a pyrite-rich system with increasing metal content at greater depths. Notably, drill hole HM-006 intersected 10.90m of 0.29 g/t Au and 1.36% Zn.

Sun Peak's findings align with their geological model, confirming a significant VMS system. Drilling will resume in October after the rainy season, focusing on further exploration at Anguda North.