Sun Peak Metals Corp. is pleased to report final drill assay results from the suspended drill program from October and November 2020. Exploration work, including drilling with two diamond drills, had begun in October 2020 and was abruptly suspended when the Tigray regional conflict in Ethiopia began on November 4, 2020. During this time, 11 drill holes for 1,534 meters were drilled at the Meli Main Target, 2 drill holes [...]
Sun Peak Metals Corp. is pleased to report that drilling has commenced on the Shire Project in Ethiopia. The initial 2024 drill program has 6,000 to 7,000 meters planned and will focus on new, untested copper-gold VMS targets which have been developed by the Company. The target currently being drilled is the Hamlo VMS prospect on the Terer Exploration License. "It is very exciting to restart our work on the Shire Project [...]
Sun Peak Metals Corp. reports that the board of directors of Sun Peak granted a total of 1,475,000 incentive stock options of the capital stock of the Company to directors, officers, employees and consultants exercisable for up to a five year period at an exercise price of $0.50, being the closing share price on March 7, 2024, pursuant to the Company's shareholder approved stock option plan. Sun Peak Metals Corp. Greg [...]
Sun Peak Metals Corp. is pleased to report that the Company is prepared to resume exploration activities on the Shire Project, Ethiopia. Sun Peak will recommence work on three exploration licenses at the Shire Project in the first half of 2024, which will include drilling to test multiple copper-gold VMS targets developed by the Company. Further information about upcoming work programs, including a detailed summary of the [...]
Sun Peak Metals Corp. reports that the board of directors of Sun Peak granted a total of 2,150,000 incentive stock options of the capital stock of the Company to directors, officers, employees and consultants exercisable for up to a five year period at an exercise price of $0.26, being the closing share price on February 21, 2023, pursuant to the Company's shareholder approved stock option plan. Sun Peak Metals Corp. Greg [...]
Sun Peak Metals Corp. provides an update on the Company's activities in Ethiopia and other corporate activities. Currently all exploration activities on the Shire Project in the Tigray Region in northern Ethiopia remain suspended due to the conflict, which began in November 2020. Sun Peak has taken measures to continue supporting its personnel in Ethiopia despite this prolonged suspension of activities. In November 2022 [...]
Sun Peak Metals Corp. is pleased to report following the Company's Annual General and Special Meeting, held on June 10, 2022, Shareholders of the Company voted in favour of management's director nominees, re-appointment of the auditors and the Company's replacement 10% "rolling" stock option plan and a new equity incentive plan . The Board of Directors approved the Option Plan and Equity Plan on March 29, 2022, subject to [...]
Sun Peak Metals Corp. reports that the Company's common shares are eligible for delivery and depository services with the Depository Trust Company to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". This electronic method of clearing securities speeds up the receipt [...]
Sun Peak Metals Corp. provides an update on the Company's activities in Ethiopia and is pleased to announce Technical Advisory Board appointments. "The Company remains committed and excited to continue exploration on the Shire Project" states Greg Davis, Sun Peak President and CEO. "Our team has over two decades experience in this region and has learned that patience is required in times like these. We take comfort in [...]
Sun Peak Metals Corp. is pleased to announce that its common shares will commence trading at the open on March 4, 2021 on the OTCQB Venture Market in the United States. Sun Peak will trade under the symbol "SUNPF" in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol "PEAK". "We are pleased to commence trading on the OTCQB Venture Market as it is an important component of our [...]
Sun Peak Metals Corp. reports that a state of emergency declared on November 4, 2020 in the Tigray Region by the Federal Democratic Republic of Ethiopia government remains in place. Sun Peak has invoked force majeure on all four of the exploration licenses comprising the Shire Project by notification to Ethiopia's Ministry of Mines and Petroleum. Work on the Shire Project was suspended as of November 4, 2020 and will [...]
Sun Peak Metals Corp. has been made aware of news reports of armed conflicts at Ethiopian National Defense bases located in the Tigray Region in northern Ethiopia earlier today. A state of emergency has been declared in the Tigray Region by the Federal Democratic Republic of Ethiopia government. Work programs are suspended, and all employees are safe and secure in urban centres. At this time, the only priority for Sun [...]