# Sun Peak Metals Announces First Assay Results from 2024 Drill Program Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569 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: 2026-08-21 09:39:31 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Sun Peak Metals has reported its first assay results from the 2024 drill program at the Shire Project in Ethiopia. The results confirm VMS-style mineralization at the Terer and Hamlo targets, with notable intercepts including copper-equivalent at Terer and zinc-gold at Hamlo. Reasoning: First assay results from the 2024 program confirm VMS mineralization at both Terer and Hamlo targets, validating the district-scale exploration model. - Positive factor: discovery of new VMS mineralized zone at Hamlo - Positive factor: extension of Terer VMS prospect over 1 km - Positive factor: validation of geological model and discovery methodology - Positive factor: presence of massive and semi-massive sulphides Facts used in scoring: 10 ## 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 includes details on standards, duplicates, and blanks, and names ALS laboratory. 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: The results define a new VMS mineralized zone at the Hamlo target. Evidence · text > Defined a new VMS mineralized zone with extensive hydrothermal alteration ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-0) Shire Project · copper #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: copper - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 0.47 - Grade Unit: % - Intercept: 18.46 m #### Classification - Sample Type: drill - Group ID: TR-002:0-18.46 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 0.47% Cu is a component of a larger CuEq intercept in a VMS system. - Positive factor: part of a significant CuEq intercept Evidence · text > TR-002 intersected 18.46 meters of 1.34% CuEq comprised of 0.47% Cu ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-1) Shire Project · zinc #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: zinc - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 1.85 - Grade Unit: % - Intercept: 18.46 m #### Classification - Sample Type: drill - Group ID: TR-002:0-18.46 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 1.85% Zn contributes significantly to the CuEq grade. - Positive factor: significant zinc component in CuEq intercept Evidence · text > TR-002 intersected 18.46 meters of 1.34% CuEq comprised of... 1.85% Zn ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-2) Shire Project · gold #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: gold - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 0.32 - Grade Unit: g/t - Intercept: 18.46 m #### Classification - Sample Type: drill - Group ID: TR-002:0-18.46 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 0.32 g/t Au is a minor component of the intercept. Evidence · text > TR-002 intersected 18.46 meters of 1.34% CuEq comprised of... 0.32 g/t Au ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-3) Shire Project · silver #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: silver - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 7.2 - Grade Unit: g/t - Intercept: 18.46 m #### Classification - Sample Type: drill - Group ID: TR-002:0-18.46 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 7.2 g/t Ag is a minor component of the intercept. Evidence · text > TR-002 intersected 18.46 meters of 1.34% CuEq comprised of... 7.2 g/t Ag ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-4) Shire Project · copper #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: copper - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 1.34 - Grade Unit: % CuEq - Intercept: 18.46 m #### Classification - Sample Type: drill - Group ID: TR-002:0-18.46 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### 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: 1.34% CuEq over 18.46m is a significant intercept for a VMS exploration target. - Positive factor: solid CuEq intercept for VMS target Evidence · text > TR-002 intersected 18.46 meters of 1.34% CuEq ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-5) Shire Project · copper #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: copper - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 2.13 - Grade Unit: % CuEq - Intercept: 9.8 m #### Classification - Sample Type: drill - Group ID: TR-002:0-9.8 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### 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: 2.13% CuEq over 9.8m is a strong high-grade component within the TR-002 intercept. - Positive factor: high-grade sub-interval Evidence · text > including 9.80 meters of 2.13% CuEq ### TR-002 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-6) Shire Project · copper #### Identity - Hole ID: TR-002 - Project: Shire Project - Commodity: copper - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 1.04 - Grade Unit: % CuEq - Intercept: 8.71 m #### Classification - Sample Type: drill - Group ID: TR-002:0-8.71 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Metal Equivalent - Metal Eq. Grade: 1.04 - 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: 1.04% CuEq is a lower-grade sub-interval within the TR-002 intercept. Evidence · text > and 8.71 meters of 1.04% CuEq ### HM-006 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-7) Shire Project · gold #### Identity - Hole ID: HM-006 - Project: Shire Project - Commodity: gold - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 0.29 - Grade Unit: g/t - Intercept: 10.9 m - From: 292.15 m - To: 303.05 m #### Classification - Sample Type: drill - Group ID: HM-006:292.15-303.05 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 0.29 g/t Au is a low-grade component of the HM-006 intercept. Evidence · text > HM-006 intersected 10.90m of 0.29 g/t Au ### HM-006 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-8) Shire Project · zinc #### Identity - Hole ID: HM-006 - Project: Shire Project - 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 #### Classification - Sample Type: drill - Group ID: HM-006:292.15-303.05 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 1.36% Zn is a component of the HM-006 intercept. Evidence · text > HM-006 intersected 10.90m of 0.29 g/t Au and 1.36% Zn ### HM-006 [Link to this fact](https://atlas-staging.minestarters.com/news/sun-peak-metals-announces-first-assay-results-from-2024-drill-program--50a1b76f-75e3-4ee9-8dec-70e85a2fd569#fact-drill-facts-9) Shire Project · zinc #### Identity - Hole ID: HM-006 - Project: Shire Project - Commodity: zinc - Region: ethiopia - Reported Region: Ethiopia - Ticker: PEAK #### Geometry - Grade: 3.04 - Grade Unit: % - Intercept: 4.88 m #### Classification - Sample Type: drill - Group ID: HM-006:sub-interval - Mining Method: unknown #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-07-25T00:00:00.000Z Reasoning: 3.04% Zn is a higher-grade sub-interval within the HM-006 intercept. - Positive factor: higher grade sub-interval Evidence · text > including 4.88m of 3.04 % Zn ## 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.