Sun Summit Minerals Corp. has initiated its fully funded US$6 million exploration program for the 2025 field season at its JD Project in British Colum

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Sun Summit Minerals Corp. (SMN:TSXV; SMREF:OTCQB)has initiated its fully funded US$6 million exploration program for the 2025 field season at its JD Project in British Columbia’s Toodoggone Mining District. The campaign, which includes over 5,000 meters of diamond drilling, builds on the 2024 program with double the budget and scope. The company aims to advance and refine targets across its extensive 25,000-hectare property, focusing on the Creek and Finn Zones, as well as new targets along the JD porphyry trend.

The program includes over 3,000 meters of drilling at the Creek Zone, designed to assess the lateral and vertical continuity of epithermal-related gold mineralization. Past highlight results include 122.5 meters grading 2.11 grams per tonne (g/t) gold (Au), including a high-grade intercept of 1.5 meters at 121.0 g/t Au in hole CZ-24-004. Similarly, the Finn Zone will see over 2,000 meters of drilling to evaluate high-grade and bulk-tonnage gold potential, building on historical results such as 35.7 meters at 7.26 g/t Au, including 1 meter at 215.4 g/t Au (JD95-0472).

Geophysical and geochemical surveys are also underway. More than 20 line kilometers of induced polarization (IP) geophysics and over 2,000 soil samples are planned across the 12-kilometer JD porphyry trend and the 4.5-kilometer Finn to Creek corridor. The company will also carry out over 30 days of geological mapping and prospecting to refine drill targets.

Niel Marotta, CEO of Sun Summit, stated in the announcment, “We are very excited to have kicked off our 2025 exploration season at our JD project, which is fully funded by the proceeds of our recently completed private placement.” He added that the Toodoggone region “has seen heightened corporate activity, combined with a large influx of capital.”

Drilling is expected to begin by mid-July. According to the company’s news release, this work builds on recent structural and geological modeling that has identified multiple mineralized vein sets at the Creek Zone and newly interpreted controls at the Finn Zone. The company is targeting both near-surface high-grade zones and bulk-tonnage style mineralization.

Gold and Silver Navigate Shifting Market Dynamics

On June 17, Bloomberg reported that Citigroup analysts expected gold to fall back below US$3,000 per ounce in the coming quarters. The analysts, including Max Layton, stated, “Our work suggests that gold returns to about US$2,500 to US$2,700 an ounce by the second half of 2026.” They attributed this projection to factors such as “weaker investment demand, improving global growth prospects, and rate cuts by the Federal Reserve.” Despite this longer-term outlook, gold had risen 30% so far in 2025, reaching record highs driven by geopolitical instability, U.S. fiscal concerns, and strong central bank buying. At the time of the report, spot bullion was trading at approximately US$3,396.

Also on June 17, 321Gold highlighted renewed interest in silver, noting that the metal had been “making new highs while gold has stalled.” Stewart Thomson wrote that “silver looks ready to essentially maul the US stock market,” and observed that silver appeared to be entering a phase of significant outperformance. He also pointed to strong performance among junior mining equities and emphasized the metal’s rising appeal among both conservative investors and more aggressive speculators.

According to a June 18 report from Market Pulse, silver extended its outperformance, climbing 3.5% to an intraday high of US$37.26 on June 17. Kelvin Wong attributed the move to “short-term positioning shifts,” as traders rotated into silver from gold. In contrast, gold declined 2.5% from its June 14 peak of US$3,452 to a low of US$3,366. Despite the pullback, gold held above its 20-day moving average, suggesting a key technical support level remained intact.

On June 19, FXStreet’s Sunil Kumar Dixit reported that gold briefly dipped to US$3,347 before rebounding to US$3,378. He noted that “buyers resurfaced with a strong buying push” after the metal failed to reclaim the US$3,400 level the previous day. Dixit explained that “bulls need to make a strong move breaking above this US$3,378 hurdle” to advance toward higher resistance zones at US$3,420 and US$3,450. He added that continued momentum depended on gold maintaining support above US$3,347.

Positioned for Discovery: Why 2025 Could Be a Defining Year

Sun Summit’s 2025 exploration campaign is a key step in its broader growth strategy. According to the company’s June 2025 investor presentation, the JD Project lies within one of Canada’s most active exploration districts and shares a geological setting with nearby assets owned by companies such as Thesis Gold and Centerra. The JD Project hosts both epithermal gold-silver and porphyry copper-gold targets and is considered underexplored despite historical work dating back to the 1970s.

The 2025 program is fully funded following the close of a US$10 million private placement in May. With a five-year permit in place and all-season access to infrastructure, the company plans to drill 25 holes, collect approximately 2,000 soil samples, complete IP geophysical surveys across 20 line kilometers, and prospect with around 150 rock samples.

The investor presentation emphasizes that Sun Summit is at the “value creation” stage of the Lassonde Curve, where successful exploration can significantly increase project valuation. The JD Project represents what the company calls “significant size and scale potential,” with most historical anomalies remaining open and under-tested. Multiple zones, including Creek, Finn, Belle, Moosehorn, and McClair, have shown prospective signatures for gold, silver, and copper, making the JD Project a strong candidate for future resource delineation.

Sun Summit’s current strategy focuses on generating data that could support a future mineral resource estimate. The company’s leadership, which includes experienced mining professionals with backgrounds in exploration, capital markets, and M&A, aims to leverage this program as a foundation for long-term growth. As exploration progresses into the fall, results from this campaign are expected to inform next steps and potential follow-up programs.

Analyst Highlights Strong Technical and Strategic Position

In a May 23 report, technical analyst Clive Maund offered a strongly positive assessment of Sun Summit Minerals Corp., describing the company as “extraordinarily attractive” based on both technical and fundamental factors. Maund highlighted that Sun Summit was advancing “two substantial, primarily copper/gold projects in British Columbia” and stated the company was “in the sweetest of sweet spots on the Lassonde Curve,” referring to the stage where junior mining companies can experience significant value creation through exploration.

He pointed to the JD Project’s location in a “safe, mining-friendly, prolific jurisdiction” within British Columbia’s Golden Horseshoe, a region with similar geological characteristics to the Golden Triangle. Maund emphasized that this area remained underexplored and offered strong potential for discovery. He also referenced the Buck Project’s “district-scale potential,” noting that both properties were surrounded by active mineral exploration, further supporting the geological prospectivity of Sun Summit’s land holdings.

According to Maund, the company’s recent private placement, which had been “expanded almost 3-fold due to strong investor demand,” suggested a low risk of failure and underscored confidence in Sun Summit’s exploration strategy. He wrote that the company was “viewed as extraordinarily attractive” at its then-current trading price, especially considering its past highs and the bullish market backdrop for gold.

Maund’s technical analysis underscored a positive momentum shift. He noted that Sun Summit’s stock had formed a “Double Bottom” pattern over the past 18 months and had recently completed a “Falling Wedge,” both of which he interpreted as bullish reversal indicators. “Downside momentum has dropped out completely in recent weeks,” he stated, and pointed to light trading volume as a sign that the stock was “poised for a breakout very soon.”

He concluded his report by rating the company “an Immediate Strong Buy for all time horizons” and outlined several price targets, beginning with CA$0.32 to CA$0.34, followed by CA$2.00 to CA$2.50, and a longer-term target at CA$4.00 and beyond.

Ownership and Share Structure

According to Refinitv, 3.29% of Sun Summit Minerals Corp is owned by Management and Insiders, with the main being Richard J. Billingsley at 2.50%. The rest is retail.

Sun Summit has a market cap of CA$11.71 million with 193.5 million free float shares and a 52-week range of CA $0.065 to $0.340