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Sun Peak Metals ( (TSE:PEAK) ) just unveiled an update.
Sun Peak Metals Corp. has paused its exploration activities on the Shire VMS and gold Project in northern Ethiopia due to the rainy season and regional political tensions. Despite these challenges, the company completed a Time Domain Electromagnetic survey over several high-priority areas, which will help refine drill targets for future exploration. Sun Peak remains committed to the Shire Project and is actively engaging with stakeholders to ensure continued support. The company is also assessing additional opportunities to enhance shareholder value while maintaining its focus on the Shire Project.
More about Sun Peak Metals
Sun Peak Metals Corp. is engaged in exploring the district-scale Shire VMS Project in the Tigray Region of northern Ethiopia. The project consists of six exploration licenses covering approximately 1,450 square kilometers in the Arabian Nubian Shield, with some licenses under a joint-venture agreement with Ezana Mining.
Average Trading Volume: 29,285
Technical Sentiment Signal: Sell
Current Market Cap: C$19.6M
For an in-depth examination of PEAK stock, go to TipRanks’ Overview page.