お知らせ • Jan 14
Sun Peak Metals Corp. Commences 2026 Exploration Program in the Kingdom of Saudi Arabia
Sun Peak Metals Corp. provided an update on its 100%-owned copper and gold explora on projects in the Kingdom of Saudi Arabia ("KSA") and to report that field-based explora on projects have commenced across mul ple priority projects. The Company also announces new appointments to the Sun Peak Board of Directors. As announced on December 18th, 2025, Sun Peak completed the acquisi on of Saudi Discovery Company ("SDC"), a private explora on company ac ve in Saudi Arabia since 2023, which assembled a substan all por olio of volcanogenic massive sulphide ("VMS") base metal and gold projects. Since closing the transac on, and the associated CAD 6.7 million financing on November 28,2025, Sun Peak's technical team has compiled, validated, and interpreted historical data generated by SDC and prior operators, enabling the rapid advancement of explora on ac vi es. Data compila on has iden fied strong gold, silver, and copper values from historical and recent geological sampling, supported by coincident geophysical anomalies. These results have underpinned the launch of systema c 2026 explora on programs across the Company's priority project areas. Field explora on programs on the Safra, Al Miyah, and Halahila Projects are underway. Current work, designed to advance the most prospec ve VMS trends and determine drill targets for the Company's ini drill program, includes: Detailed geological mapping and geochemical sampling; Ground me-domain electromagne c ("TDEM") surveys; Drone-borne magne cs, induced polariza on ("IP"), and airborne electromagne c, magne c, and radiometric surveys, planned to commence in first quarter of 2026. Results from these programs will be integrated to priori all drill targets, with drilling an cipated to commence later in 2026. Summary of Previous SDC Field Work Highlights. Safra Project. A total of 85 surface grab samples returned high-grade precious and base metal values, including assays up to 3.34 g/t Au, 6.72% Cu, 864 g/t Ag, 19.05% Zn, and 9.89% Pb. Trenching returned 22.5 m grading 0.9 g/t Au, 35.6 g/t Ag, 0.20% Cu, 1.83% Pb, and 1.21% Zn, including 1.5 m grading 8.23 g/t Au, 118 g/t Ag,0.32% Cu, 11.7% Pb, and 1".62% Zn. Safra Project (93 km2) The Safra Project is located within the Nuqrah VMS Belt at the western margin of the Afif Terrane, a region hos ng numerous ancient workings and ac ve gold mines. Two documented VMS occurrences, Safra Main and Safra East, are situated approximately 1.5 km apart. Modern explora on completed by SDC, including gravity surveys, trenching, and surface sampling, has outlined mul ple sub-parallel VMS zones with strong geophysical and geochemical signatures. Al Miyah Project (234 km2) The Al Miyah Project lies within the Muhadadad VMS Belt of the Asir Terrane, a prolific VMS and gold district that hosts the Al Hajar and Al Masane mines. SDC completed detailed gravity surveys and surface sampling that confirmed strong mineraliza on associated with VMS gossans and historical workings at both the Hishashat and Al Miyah Main prospects.