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Sun Metals Corp.
Summary
| Project: | Stardust | |
|---|---|---|
| Deposit: | Stardust | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 10/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2018: Sun Metals Corp. announces an Exploration/Drilling Update report for its Stardust deposit at the Stardust project. Amended previous announcement to retract statements. Vancouver, B.C. - Sun Metals Corp., (“Sun Metals” or the “Company”) (TSXV:S | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ian Neill (Internal) | |
| ABSTRACT: | Vancouver, B.C. - Sun Metals Corp., (“Sun Metals” or the “Company”) (TSXV:SUNM) At the request of the Investment Industry Regulatory Organization of Canada, the Company hereby retracts and corrects certain statements made in its news release dated October 25, 2018. The Company specifically retracts disclosure in Tables 1 an 2 made regarding estimated extrapolations of dollars per tonne as it constitutes restricted disclosure per National Instrument 43-101, section 2.3(1)(c). The Company also retracts disclosure in Tables 1 and 2 of the grade times length in the announced drill results from Hole DDH18-DS-421, DDS18-SD-412 and DDH18-SD-417, and hereby provides a corrected table setting out such drill results. As true widths of the drill hole intersections are not known disclosure of grade times intersected length will overstate this calculation and this calculation may be material. The Company further retract the following disclosure: “…announces that drilling into a new extension of the Canyon Creek Skarn zone at its Stardust project in north-central British Columbia has returned the thickest and richest mineralization ever intersected at the project.” and: “DDH18-SD-421 has intersected significantly longer and higher-grade intervals of mineralization than has ever been observed in the 406 drill holes (approx. 80,000 ADMIN*2714683.1 Page 2 of 2 metres) of historic Stardust drilling. The average length of intercepts comprising Stardust's NI 43-101 resource is 4.3 metres.” The Qualified Person who prepared, supervised the preparation or approved the scientific and technical disclosure in the October 25, 2018 was Ian Neill, P Geo. Mr. Neill is the Vice President, Exploration of the Company and accordingly is not independent of the Company | |
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