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Sun Peak Metals Updates on Shire Project Amid Regional Challenges

Story Highlights
  • Sun Peak Metals pauses exploration in Ethiopia due to rain and political tensions.
  • Completed surveys will refine future drill targets, with continued stakeholder engagement.
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Sun Peak Metals Updates on Shire Project Amid Regional Challenges

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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.

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