# Sun Peak Metals Announces First Assay Results from 2024 Drill Program Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c Original source: https://money.tmx.com/en/quote/PEAK/news/5563692032822521/sun-peak-metals-announces-first-assay-results-from-2024-drill-program Publisher: tmx Original announcement: 2024-07-25T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Sun Peak Metals Corp. - Ticker: PEAK - Exchange: TSX - Region: Ethiopia - Primary commodity: Copper - Secondary commodities: Gold, Zinc, Silver - Document categories: Drill results - Extracted: 2026-09-12 19:11:15 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Sun Peak Metals has reported the first assay results from its 2024 drill program at the Shire Project in Ethiopia. The results confirm VMS-style mineralization at the Terer and Hamlo targets, with drill hole TR-002 intersecting 18.46m of 1.34% CuEq and HM-006 intersecting 10.90m of 1.36% Zn. Reasoning: First assay results from the 2024 program confirm VMS mineralization at both Terer and Hamlo targets, validating the geological model. - Positive factor: Discovery of new VMS mineralized zone at Hamlo - Positive factor: Confirmation of VMS style alteration and mineralization - Positive factor: VMS trend extends over 10 km - Positive factor: QA/QC protocols disclosed including standards and blanks - Negative factor: Metal equivalent assumptions disclosed but recovery is assumed 100% without metallurgical data Facts used in scoring: 7 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions systematic submittals of standards, duplicates, and blanks. Evidence · text > This program includes the systematic submittals of standards, duplicates, and blank samples **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Defined a new VMS mineralized zone at Hamlo. Evidence · text > Defined a new VMS mineralized zone with extensive hydrothermal alteration ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### TR-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-0) Shire · copper #### Identity - Hole ID: TR-002 - Project: Shire - Commodity: copper - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 0.47 - Grade Unit: % - Intercept: 18.46 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: TR-002:unknown-unknown - Mining Method: unknown #### Location - Location: Terer - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 1.34 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Solid copper intercept in a VMS system. - Positive factor: Significant width of 18.46m Evidence · text > TR-002 intersected 18.46 meters of 1.34% copper-equivalent \("CuEq"\) comprised of 0.47% Cu #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TR-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-1) Shire · zinc #### Identity - Hole ID: TR-002 - Project: Shire - Commodity: zinc - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 1.85 - Grade Unit: % - Intercept: 18.46 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: TR-002:unknown-unknown - Mining Method: unknown #### Location - Location: Terer - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 1.34 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Zinc component of the CuEq intercept. Evidence · text > 18.46 meters of 1.34% copper-equivalent \("CuEq"\) comprised of 0.47% Cu, 1.85% Zn #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TR-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-2) Shire · gold #### Identity - Hole ID: TR-002 - Project: Shire - Commodity: gold - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 0.32 - Grade Unit: g/t - Intercept: 18.46 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: TR-002:unknown-unknown - Mining Method: unknown #### Location - Location: Terer - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 1.34 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Trace gold component. Evidence · text > 18.46 meters of 1.34% copper-equivalent \("CuEq"\) comprised of ... 0.32 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TR-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-3) Shire · silver #### Identity - Hole ID: TR-002 - Project: Shire - Commodity: silver - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 7.2 - Grade Unit: g/t - Intercept: 18.46 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: TR-002:unknown-unknown - Mining Method: unknown #### Location - Location: Terer - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 1.34 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Trace silver component. Evidence · text > 18.46 meters of 1.34% copper-equivalent \("CuEq"\) comprised of ... 7.2 g/t Ag #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### TR-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-4) Shire · copper #### Identity - Hole ID: TR-002 - Project: Shire - Commodity: copper - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 2.13 - Grade Unit: % - Intercept: 9.8 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: TR-002:sub-9.8 - Mining Method: unknown #### Location - Location: Terer - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 2.13 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Strong high-grade sub-interval within TR-002. - Positive factor: High grade sub-interval Evidence · text > including 9.80 meters of 2.13% CuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### HM-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-5) Shire · gold #### Identity - Hole ID: HM-006 - Project: Shire - Commodity: gold - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 0.291 - Grade Unit: g/t - Intercept: 10.9 m - From: 292.15 m - To: 303.05 m - Intercept Depth: 292.15 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: HM-006:292.15-303.05 - Mining Method: unknown #### Location - Location: Hamlo - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Low grade gold intercept. Evidence · text > HM-006 intersected 10.90m of 0.291 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### HM-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--718a8f81-3f6f-4676-8304-9038ea5b788c#fact-drill-facts-6) Shire · zinc #### Identity - Hole ID: HM-006 - Project: Shire - Commodity: zinc - Region: ethiopia - Reported Region: ethiopia - Ticker: PEAK #### Geometry - Grade: 1.36 - Grade Unit: % - Intercept: 10.9 m - From: 292.15 m - To: 303.05 m - Intercept Depth: 292.15 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: HM-006:292.15-303.05 - Mining Method: unknown #### Location - Location: Hamlo - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: Zinc component of HM-006 intercept. Evidence · text > HM-006 intersected ... 1.36% Zn #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.