Sun Summit Minerals Corp. ( (TSE:SMN) ) just unveiled an announcement.
Sun Summit Minerals Corp. has finalized an option agreement with Eagle Plains Resources Ltd. to acquire up to a 100% interest in the Theory Project, expanding its footprint in the Toodoggone Mining District, British Columbia. This strategic acquisition increases Sun Summit’s land position by approximately 10,000 hectares, creating a combined district-scale project of about 25,000 hectares. The Theory Project, which is adjacent to other significant projects, offers substantial exploration potential with both epithermal-related gold and porphyry-related copper-gold targets. The option agreement allows Sun Summit to acquire a 75% interest over four years, with manageable financial commitments, enhancing its strategic position and exploration capabilities in the region.
More about Sun Summit Minerals Corp.
Sun Summit Minerals Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in the acquisition and exploration of gold and copper projects, with a significant market focus on district-scale opportunities in British Columbia, Canada.
YTD Price Performance: -16.00%
Average Trading Volume: 99,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.45M
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