Sun Peak Metals (TSXV: PEAK; US-OTC: SUNPF) plans to drill its Halahila and Safra projects in Saudi Arabia in next quarter as it builds a 15-licence land package across the emerging Arabian-Nubian Shield.
The Vancouver-based company has six granted licences, two applications pending and seven more from Saudi Arabia’s Round 9 auction being finalized. The land package would total about 1,200 sq. km. Sun Peak says it’s the first foreign junior to secure 100%-owned exploration licences in the kingdom.
“We hope to repeat what we’ve done on the west side of the Red Sea, now on the east side in the same geology,” president and CEO Greg Davis told The Northern Miner early this month during the PDAC convention in Toronto.
Sun Peak executives previously worked on the Bisha discovery in Eritrea, now controlled by China’s Zijin Mining, and later helped advance Sunridge Gold’s Asmara project. The company had 164 million shares outstanding and $5.7 million in cash as of February.
Watch the full interview below:
The preceding Joint Venture article and video are PROMOTED CONTENT sponsored by Sun Peak Metals and produced in co-operation with The Northern Miner. Visit: https://interface.ca for more information.
Be the first to comment on "PDAC JV Video: Sun Peak builds Saudi ground ahead of maiden drilling"