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.
News and updates for Sun Peak Metals Corp. (SUNPF) focus on its copper, gold, and base metal exploration activities in the Arabian-Nubian Shield. Company news releases describe exploration programs, corporate transactions, and project-level developments across its portfolios in the Kingdom of Saudi Arabia and Ethiopia.
Recent announcements highlight Sun Peak’s work on 100%-owned exploration licenses in Saudi Arabia, including the Safra, Al Miyah, Halahila, and Afif 1 projects. News items detail surface sampling results, trenching, gravity surveys, and ground time-domain electromagnetic (TDEM) surveys, as well as planned airborne geophysical work. These updates explain how the company is using geological, geochemical, and geophysical data to prioritize VMS and gold drill targets.
Sun Peak’s news flow also covers corporate milestones such as the completion of its acquisition of Saudi Discovery Company SPV Limited and related financing transactions using subscription receipts. These releases outline how the transaction adds Saudi-based VMS and gold projects and expands the company’s land position along prospective trends.
For Ethiopia, news reports provide updates on the Shire VMS and gold Project in the Tigray Region, including TDEM surveys, mapping, rock sampling, and the declaration of force majeure on exploration licenses following regional decisions affecting mining activities. The company also issues news on governance matters, such as stock option grants and appointments to its board of directors.
Investors and followers of SUNPF stock can use this news page to review Sun Peak’s disclosed exploration results, project updates in Saudi Arabia and Ethiopia, and corporate developments as reported in its public announcements.
Sun Peak Metals (OTCQB:SUNPF) has declared force majeure on all six exploration licenses within its Shire VMS and Gold Project in northern Ethiopia, effective retroactively from March 2025. The declaration follows the Interim Regional Administration of Tigray's suspension of mining activities in the region to combat illegal mining.
The company has also invoked force majeure under its Joint Venture agreement with Ezana Mining Development. While field operations are suspended, Sun Peak maintains active social engagement programs and community communications. The company is simultaneously evaluating additional global opportunities while remaining committed to advancing the Shire Project once regional conditions improve.
Sun Peak Metals (OTCQB:SUNPF) has provided an update on its Shire VMS and gold Project exploration in northern Ethiopia. The company has temporarily paused its Time Domain Electromagnetic (TDEM) survey due to the rainy season and seasonal planning. Despite political challenges in Tigray, the TDEM program completed 938 stations on 43 lines over 5 target areas.
The company conducted detailed geological mapping and rock sampling, identifying several new gossanous VMS and gold targets. The TDEM data will be used to refine drill targets for future exploration. Sun Peak is also actively evaluating additional opportunities while maintaining its commitment to the Shire Project.
Sun Peak Metals (TSXV:PEAK, OTCQB:SUNPF) has discovered several new gold-rich VMS gossans at its Shire Project in Ethiopia. Key findings include:
- Gabat VMS gossan samples yielded up to 29.2 g/t gold and 118.0 g/t silver, with 6 samples returning over 5 g/t Au and 3 over 20 g/t Au
- Dermi VMS Target samples returned up to 7.32 g/t Au and 109.8 g/t Ag
- Ground Time-Domain Electro-Magnetic (TDEM) surveys are ongoing at the Meli Trend and Anguda North Target
The company has identified multiple promising VMS targets through detailed geological mapping and rock sampling, including the 1.5km-long Gabat VMS Target and several targets in the Terer, Nefasit, and Meli License areas. Drilling will commence after TDEM results interpretation.
Sun Peak Metals (TSXV:PEAK)(OTCQB:SUNPF) has announced plans for its 2025 drilling program at the Shire Copper-Gold VMS Project in Ethiopia. The company will commence drilling in Q1 2025, focusing on the Meli Trend and Anguda North Target. Previous drilling highlights include significant intercepts at Meli (37.23m @ 2.45 g/t Au, 29.4 g/t Ag, 2.4% Cu), Keel (17.85m @ 3.95 g/t Au, 45.5g/t Ag, 1.4% Cu), and Argo (6.57m @ 1.34 g/t Au, 54.3g/t Ag, 6.3% Cu).
The exploration program includes detailed Ground Deep Time Domain Electromagnetic surveys scheduled for January to refine drill locations. The project is located in a proven VMS belt with multiple high-priority copper-gold targets, with all previously drilled targets intercepting VMS style mineralization.
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.
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