Sun Metals (TSX-V: SUNM) CEO Steve Robertson on Recently Announced $3.8 Million 2020 Exploration Program at the Stardust Copper-Gold Project in British Columbia
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Sun Metals Corp. (TSX-V: SUNM)(OTC: SMTTF), Mr. Steve Robertson. Steve, how are you this morning?
Steve Robertson: I'm doing well, Gerardo. Thanks.
Gerardo Del Real: Last time we spoke, I was eager to speak to you about the news. You just announced your 2020 exploration program. I would love for you to provide a brief overview and then let's dig into the details of it.
Steve Robertson: Sure. We announced this morning that we're going to be having a 2020 program that will include surface drilling and we're going to be both working on the 421 Zone, which of course was our entire focus in 2019, and we'll also be looking at some outside targets to see if we can find more zones of mineralization like 421.
Gerardo Del Real: Now the program, I understand, is a 12,000 meter, $3.8 million program. Is that correct?
Steve Robertson: That's correct.
Gerardo Del Real: Fully funded?
Steve Robertson: Yes, it is fully funded. We've got flow-through funding that's going to have to be spent before the end of the year. So we will get the full $3.8 million into the ground this year. We think that the best way to do that is going to be using the three drills that we've got on site so that we can get the bulk efficiency effort. We've got maximum use of the camp that we expanded last year. By having all three drills running, we'll be able to get a better efficiency of getting money into the ground.
Gerardo Del Real: These CRD systems tend to happen in clusters, right? You typically don't just get one. And I noticed there's a part in the release where you mentioned new copper-gold targets. How much of this drilling will be focused on discovering similar zones of mineralization to 421?
Steve Robertson: Well, the bulk of the effort will be in finding new zones. We're very happy with what we've done so far. We've made a tremendous discovery in 2018 and in 2019 we delineated one of those zones. We've now got it out to a plunge length of 375 meters in the 421 Zone. It's still open. So we've got the opportunity to expand that, but we know that we need to find more tonnes.
So we're going to be taking a look at some of the outside targets. These things, as you said, they're found in clusters. We'd like to think of them as a string of pearls with nice pods interconnected with the thinner areas. And so we think that there's good opportunity to go and find another pod out there.
Gerardo Del Real: These new copper-gold targets that you're looking to drill out, are these going to be deeper holes?
Steve Robertson: No, we're going to focus on shallower areas. As I mentioned, 421 is still open, down plunge to the north. That's not one of our higher priority targets right now, although we think that will have to be addressed eventually. It might be better saved for a future date when we've got underground workings on the property, but right now I think we've got an abundance of shallower targets that we can go after.
Gerardo Del Real: Excellent. And lastly I have to ask, you reported the two remaining drill holes from the 2019 exploration program. Can you provide a bit of detail there?
Steve Robertson: Yeah, the one hole was as expected, had no significant results in it. But the second hole, which is actually the most northerly hole in the 421 Zone, was a nice result. It's only 3 meters but excellent copper and gold grades in there. So the gold to copper ratio is actually fairly high in that hole. Of course, we always tend to correlate the higher gold to copper ratio with being in the main fluid flow pathway. So we think that this is a good indication that this is indeed a pathway to additional mineralization that would be found further to the north, when we do get around to exploring that area.
Gerardo Del Real: Looking forward to this getting going. I know it's been months of planning and putting data together and figuring out what the strategy was going to be, so it's good to see the rubber hitting the road. Will you be at PDAC?
Steve Robertson: Yeah, absolutely. I don't have a booth out there, but I'm going to be available throughout the conference. I'm actually staying in Toronto for meetings a little while afterwards as well.
Gerardo Del Real: Fantastic. Steve, thank you so much for your time. Look forward to chatting and look forward to results from the program as it progresses.
Steve Robertson: All right. Thanks for having me on, Gerardo.