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New Listing: Sun Peak Metals (TSXV:PEAK)

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The Canadian junior mining company is focused on exploration and discovery of gold and copper targets on the Shire Project in Ethiopia.

Additional Information:

Company: Sun Peak Metals
Website: http://www.SunPeakMetals.com
Stock Symbol: TSXV: PEAK
Date Published: Aug 17, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Sun Peak Metals is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “PEAK”.

The Canadian junior mining company is focused on exploration and discovery of gold and copper targets on the Shire Project in Ethiopia.

Sun Peak’s management team has worked in the region for over 15 years with both Nevsun Resources on the Bisha Project and Sunridge Gold on the Asmara Project.

The Shire Project, comprised of four exploration licenses: Nefasit, Adi Dairo, Terer & Meli, covers approximately 900 square kilometers in the prospective Arabian Nubian Shield.

The licenses are on the same geological trend as both the Bisha Mine and the Asmara Projects to the north in Eritrea and Newmont’s project also in Ethiopia, to the south.

Over the last couple of years, Sun Peak has been conducting exploration on the Shire Project, applying the same exploration techniques the team used in the past.

This included a 6,000 line kilometer airborne VTEM survey completed October 2019 and detailed ground gravity surveys over several high priority targets.

Sun Peak's initial drill program was completed in March 2020 and more than 20 gold and copper targets have been defined so far.

The infrastructure on the project is excellent, with roads, power, and water available throughout the Shire Project area.

Sun Peak currently has $11.5 million to fund gold and copper exploration activities and has a proposed work program for 2020-2021 totaling more than $6.5 million as set out in the Shire Property Group Technical Report.

The shares are trading at $1.10.

For more information, please visit the company’s website www.SunPeakMetals.com contact Greg Davis, President and CEO, at 604-999-1099 or email GDavis@SunPeakMetals.com.

I’m Cassandra Bolinski for Investmentpitch Media