Meli

The Meli license, a joint venture with Ezana Mining, is a 100km² exploration area with a volcanic massive sulfide (VMS) trend extending over 10 kilometers in length.

Ezana has mined the main VMS gossan, which was exposed for approximately 700 meters by 20 meters, with defined gold resources totaling 70,000 ounces at a grade of 6.23 grams per ton.

Previous Exploration

Sun Peak completed an initial program consisting of 19 diamond drill holes totaling 2,167 meters on the Terer and Meli exploration licenses in 2020. Drilling intercepted significant gold and copper mineralization in every drill hole

At the Meli Target, drill holes ML-001, ML-002, and ML-003 intercepted thicker VMS mineralized intervals and show the Meli Zone to be open down dip and along strike.

• ML-001 – 15.30 meters averaging 3.18 g/t gold, 25.0 g/t silver, 2.2% copper, and 1.4% zinc
• ML-002 – 37.23 meters averaging 2.45 g/t gold, 29.4 g/t silver, 2.4% copper, and 1.3% zinc
• ML-003 – 35.43 meters averaging 2.52 g/t gold, 22.3 g/t silver, 1.8% copper