Sun Peak Expands Presence with New Licenses in Saudi Arabia

Sun Peak Metals Corp. has announced the acquisition of seven new exploration licenses in Saudi Arabia, totaling 632 km², from the Kingdom's Round 9 licensing auction. This strategic move increases Sun Peak's holdings to 1,072 km², spanning 13 exploration licenses in the region.

These newly acquired licenses are situated near notable mining sites, including the Bulghah and Sukhaybarat gold mines and the Nuqrah VMS deposit. Initial exploration efforts have commenced, focusing on geological mapping, sampling, trenching, and geophysical surveys.

The additional licenses complement Sun Peak's existing portfolio and demonstrate considerable potential for VMS and gold mineralization due to the favorable geological conditions identified in the Arabian-Nubian Shield.