SUNPEAK METALS WEBSITE
Sunpeak Metals is a privately held exploration and development company focused within the highly prospective Arabian Nubian Shield in Ethiopia.
The Sunpeak Metals management team has a proven track record of success in the discovery and identification of volcanogenic massive sulphide (VMS) deposits within the Arabian Nubian Shield, having been involved in the discovery of Nevsun Resource’s Bisha Mine in Eritrea in 2003 and the development of Sunridge Gold Corp’s Asmara Project in Eritrea in 2004.
Bisha Mine (Nevsun Resources)
Senior members of the Sunpeak Metals team were involved in the discovery of Nevsun Resource’s Bisha Mine (Bisha) in Eritrea. Bisha is a large, high-grade VMS deposit located within the Arabian Nubian Shield in Eritrea and, at the initial reserve estimate prior to production, held over 28 million tonnes of high-grade gold, copper, and zinc. Production at Bisha commenced in 2011 and, to date, the mine has produced 1.25 million ounces of gold, 500 million pounds of copper, and 100 million pounds of zinc.
Asmara Mine (Sunridge Gold Corp)
The entire Sunpeak Metals team held senior management roles with Sunridge Gold and, in 2004 they began exploring the Asmara Project in the Arabian Nubian Shield in Eritrea. During their tenure at Sunridge Gold, the team completed 300,000 meters of exploration and delineation drilling to ultimately define a measured and indicated resource of over 100 million tonnes of copper, zinc, and gold within six deposits. The team then progressed four of the six deposits through feasibility before a large Chinese company acquired the Company in 2016 for $65 million.
Sunpeak Metals Corp. is considering a number of potential financing alternatives for the future which include a potential going public transaction.