Sun Peak Metals advances Shire project in Ethiopia.

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Algemeen advies 27/08/2020 17:15
The Northern Miner recently featured Sun Peak Metals Corp. (TSX-V: PEAK) in their publication following a successful first week of trading for the company. The article focuses on Sun Peak’s path from a private to a public company, management’s extensive background in the Arabian Nubian Shield, the initial drill results from the Shire Project resulting in the best gold & copper intercepts to date and future plans for the company.

David Daoud, vice president of exploration and geology at newly listed Sun Peak
Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked
for Nevsun Resources and its sister company, Sunridge Gold, in the early 2000s.
Now he believes there is an opportunity to repeat those two home-runs across the border in Ethiopia at the Shire gold project, which sits on the same Arabian Nubian Shield, about 70 km from the Asmara project, which Sunridge
Gold sold in 2016 to Shanghai Road and Bridge, a Chinese state-owned enterprise, and roughly 150 km from the Bisha mine, now in production
and owned by China’s Jinchuan Gold.
“We are very excited to be conducting mineral exploration in Ethiopia on the same Nubian Shield geology as we did in Eritrea at Bisha and
the Asmara projects,” Daoud says in an email.
“When we first visited the Shire project area, we saw the same tremendous mineral potential for discovery of large high-grade VMS deposits.”
Daoud says high-grade base and precious metal results from the junior’s first small diamond drill program that tested three VMS prospects at the
Shire project “validate our vision and theory about this prolific greenstone belt.”
Assay results released in June from the project’s Meli license included 15.30 metres grading 3.18 grams gold per tonne, 25 grams silver per tonne,
2.2% copper and 1.4% zinc from 55.6 metres downhole in ML-001; 37.23 metres averaging 2.45 grams gold, 29.4 grams silver; 2.4% copper and
1.3% zinc starting from 47.37 metres in ML-002; and 35.43 metres of 2.52 grams gold, 22.3 grams silver, 1.8% copper and 1.5% zinc in ML-oo3 starting 87.74 metres from surface.

see & read the hole story on
https://sunpeakmetals.com/site/assets/files/5627/20200821_northern_miner_reprint.pdf

Sun Peak Metals today vol.24.900
Time X Price Chg Vol Buyer Seller Markers
10:46:29 H 0.90 +0.04 2,000 85 Scotia 1 Anonymous K
10:46:29 V 0.90 +0.04 3,000 85 Scotia 1 Anonymous K
09:51:34 V 0.88 +0.02 6,500 2 RBC 1 Anonymous K



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