Welcome to our dedicated page for Sun Peak Metals news (Ticker: SUNPF), a resource for investors and traders seeking the latest updates and insights on Sun Peak Metals stock.
Sun Peak Metals Corp (SUNPF) specializes in copper-gold exploration through advanced techniques like diamond drilling and geophysical surveys at its Shire Project in Ethiopia. This page provides official updates and analysis for stakeholders tracking the company's progress in this mineral-rich region.
Access timely press releases covering exploration results, financial reports, and strategic partnerships. Our curated news collection helps investors monitor operational milestones, including geochemical findings and community engagement initiatives, without speculative commentary.
Key updates include drilling program outcomes, resource estimation developments, and regulatory compliance announcements. Each release is verified for accuracy, emphasizing technical data from VTEM surveys and geological mapping activities.
Bookmark this page for streamlined access to SUNPF's verified disclosures. Check regularly for new insights into Ethiopia's Arabian Nubian Shield exploration efforts, maintained with neutral reporting standards for informed decision-making.
Sun Peak Metals (TSXV: PEAK) (OTCQB: SUNPF) announces its participation in two major investment conferences. The company will attend the 50th Annual New Orleans Investment Conference from November 20-23, where VP Project Development Scott Ansell will present on the flagship Shire Project on November 22. Additionally, CEO Greg Davis will present at the Swiss Mining Institute in Zurich on November 20.
The presentations will focus on the company's Shire Project, located in the Arabian Nubian Shield mineral belt, including exploration targets and plans for Q4 2024 and Q1 2025. Investors can visit Sun Peak at booth 316 at the New Orleans conference.
Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) has reported promising results from its 2024 drill program at the Shire Project in Ethiopia. The company completed 24 diamond drill holes totaling 5,236 meters at the Terer and Hamlo VMS Targets. Key highlights include:
- Terer Target: Drill hole TR-002 intersected 18.46 meters of 1.34% copper-equivalent, including 9.80 meters of 2.13% CuEq.
- Hamlo Target: Defined a new VMS mineralized zone with extensive hydrothermal alteration, trending over 1 km along strike.
- The results confirm a significant VMS system extending over 10 km, validating Sun Peak's geological model and exploration methods.
Sun Peak is fully funded with over $3.3 million to continue drilling this fall after the rainy season ends in October.
Sun Peak Metals has completed its 2024 initial drill program at the Shire Project in Ethiopia. The company drilled 24 diamond drill holes on the Terer and Hamlo VMS targets, totaling 5,236 meters. Core samples have been submitted, with the first batch of results expected in July. The Terer target saw 12 holes drilled (2,660m), and Hamlo had another 12 holes (2,576m). Exploration efforts will continue through the rainy season, with drilling set to resume in Q4 2024. The Anguda VMS System, part of a larger VMS cluster, remains the focus. Quality control samples were managed by ALS Laboratory in Ethiopia and Ireland.
Sun Peak Metals (TSXV:PEAK, OTCQB:SUNPF) has announced favorable assay results from its 2020 drill program, suspended due to the Tigray regional conflict in Ethiopia. The program involved 11 holes at the Meli Main Target, 2 at the Meli Far-West, and 10 at the Anguda Southern Limb. Key findings include ML-013 intercepting 8.89 meters averaging 2.22% copper, 2.76 g/t gold, and 31.8 g/t silver, and MW-001 intercepting 15.84 meters averaging 1.90 g/t gold. These results indicate high-grade mineralization and extend the known VMS zones. The current drill program, announced in April 2024, aims to explore further within the Anguda VMS System, with initial assay results expected by June 2024.
CEO Greg Davis expressed satisfaction with the retrieval of intact drill cores and the confirmation of large VMS systems. VP of Exploration David Daoud noted the significant copper, gold, silver, and zinc content, highlighting the potential for large VMS deposits similar to those in the Arabian-Nubian shield.
Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) announced the grant of 2,150,000 incentive stock options to its directors, officers, employees, and consultants. The options are exercisable over a five-year period at an exercise price of $0.26, equivalent to the closing share price on February 21, 2023. This grant is part of the Company’s shareholder-approved stock option plan, aimed at aligning the interests of stakeholders and incentivizing performance growth.
Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) has suspended all exploration activities on the Shire Project in Ethiopia due to ongoing conflict. While a peace agreement announced in November 2022 has prompted positive developments, further stability is necessary before operations can resume. The company has approximately CDN$7.8 million in cash and continues to monitor the situation closely. Sun Peak is also exploring other opportunities both within Ethiopia and globally. Management is optimistic about future prospects but acknowledges that they will only resume activities when it is safe to do so.
Sun Peak Metals Corp. (TSXV:PEAK, OTCQB:SUNPF) announced positive outcomes from its Annual General and Special Meeting held on June 10, 2022. Shareholders supported management's director nominees, re-appointed auditors, and approved a new 10% rolling stock option plan alongside a new equity incentive plan. The Option Plan allows for stock options equal to 10% of the company's outstanding shares, while the Equity Plan reserves up to 8,709,863 common shares for various share units. These plans comply with new share-based compensation policies from the TSX Venture Exchange.
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