From Greg Davis of Sun Peak Metals Corp. talks to Eric Coffin at Metals Investor Forum | March 2024 · · MetalsInvestorForum
“We have $6.4 million in the bank — we're well funded to execute our plans for 2024 and make discoveries.”
On , Gregory Davis, Chief Executive Officer, President & Director at Sun Peak Metals, spoke about corporate finance during Greg Davis of Sun Peak Metals Corp. talks to Eric Coffin at Metals Investor Forum | March 2024 on MetalsInvestorForum.
At the March 2024 Metals Investor Forum in Toronto, Greg Davis, CEO of Sun Peak Metals Corp., discussed the company's exploration activities on the Shire Project in Ethiopia. Davis stated that the company uses a combination of geological mapping, structural geology, airborne VTEM surveys, and detailed gravity methods to identify and target volcanogenic massive sulfide (VMS) deposits. He noted that the company has identified approximately six targets it is "extremely confident" will contain VMS, with the question being the quantity and grade. Davis cited a previous intercept from an early 2020 program of 37 meters grading 2.4 g/t gold and 2.4% copper as an example of the deposit type's potential. Davis also addressed the company's operations during a period of civil conflict in Ethiopia, stating that Sun Peak did not lay off any employees and instead accrued salaries when the banking system was not operational, while also providing shelter and food for its team. He reported that the company had $6.4 million in cash and was fully funded for its 2024 exploration program. Davis expressed confidence that the company would make a discovery in 2024, attributing this to the technical team's experience with similar deposits in the region, including work on the Bisha and Asmara projects.
This quote was transcribed and extracted with AI assistance from a verified, first-person interview, then reviewed by our team to confirm the speaker and the exact wording. See how we verify →