Why Sun Metals' Stardust Project Is Disruptive
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:
"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."