Make Kitco Your Homepage

Why Sun Metals' Stardust Project Is Disruptive

Sponsored Content

Sun Metals' deep talent pool is set to do great things in British Columbia, says CEO Steve Robertson who spoke to Kitco Mining at the Metal Investors Forum in Toronto this month.

Late last fall, Sun Metals announced that its exploration program at its Stardust project in northcentral B.C. returned a spectacular drill result:

  • Diamond drill hole 18-SD-421 returned a total 100-metre intersection grading 2.51% copper (Cu), 3.03 grams per tonne (g/t) gold (Au) and 52.5 g/t silver (Ag) for a 4.99% copper equivalent (CuEq), including, 36.5 metres of mineralization, grading 3.89% copper (Cu), 4.47 g/t gold (Au) and 84.6 g/t silver (Ag).

  • The 100-metre intersect also includes 22.8 metres of mineralized skarn alteration in the hanging wall of the massive sulphide that averages more than 1% copper equivalent. The mineralized interval in diamond drill hole 18-SD-421 is in a newly identified mineralized area, outside of the current 43-101 resource estimate.

"I don't think anyone was expecting us to go out and hit the type of result we did," says Robertson.

"That is why we are considering this to be a disruptive discovery."

To move the project forward, Sun Metals has assembled a who's who of mining in B.C. Sun Metals director Mark O'Dea is a seasoned geologist and deal maker who runs Oxygen Capital. O'Dea's Aurora Energy Resources sold to Paladin Energy for $260M, and his Fronteer Gold was picked up by Newmont Mining for $2.3B. Robertson himself is an executive at Imperial Metals. His team took Red Chris project, located in northwest B.C., from discovery to mine. Red Chris was recently bought by Newcrest for $1.1B.

"This business is a lot about people," says Robertson.

"We really do have a star-studded cast."

Robertson says Sun Metals is using a science driven approach to analyzing opportunities. It is attracted to data-rich projects with the greatest potential for big discoveries that will grow value for shareholders and communities alike.

"No one was expecting Eskay Creek—the highest-grade gold mine in the world—to be found in Northern B.C. because there was nothing else around it at the time," says Robertson, alluding to some of Canada's top discoveries.

"Nobody was expecting Chuck Fipke to come up with diamonds in the Northwest Territories."

"These things get found and we clearly have a very strong system on our hands."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.