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Sun Peak Metals said on 22 October that a 3,000-metre diamond-drilling program had begun at its 100%-owned Safra project in Saudi Arabia, using two rigs. The company describes the work as a follow-up to drilling completed in May and as a test of three target areas: extensions of Safra Main, the untested Safra North gravity anomaly, and Safra East, a parallel trend about 1.5 kilometres east of Main. The 93-square-kilometre project is in the Nuqrah volcanogenic massive sulphide (VMS) belt, approximately 185 kilometres northeast of Medina.
The exploration plan follows earlier drill intersections at Safra Main. Sun Peak reported that all seven holes drilled at Main in its May campaign intersected mineralization. The maiden program comprised ten holes and 1,242 metres at Safra Main and Safra South. One previously reported result, hole SAF26DD008, returned 39.0 metres grading 1.38% copper and 0.84% zinc, including 17.75 metres at 1.60% copper and 1.58% zinc. The company reported these assays on 8 September; they are not results from the new campaign.
Those numbers are down-hole core intervals. Sun Peak says true widths are not yet known, so the reported lengths should not be treated as the thickness of a mineralized body. The company also describes sulphide mineralization hosted in felsic and mafic volcanic rocks, with disseminated to massive sulphides including chalcopyrite, sphalerite and pyrite. Its release presents this geological interpretation and assay record as issuer-reported exploration information. It does not report a mineral resource or reserve estimate.
The next campaign expands beyond the drilled Main zone. Safra East has not been tested by diamond drilling; the company points to gossanous exhalite grab samples up to 1.38% copper and a coincident gravity anomaly. It cautions that grab samples are selective and may not represent the mineralization across the property. Safra North is also undrilled and is described as a gravity anomaly along trend, north of Main. Both are targets to test, not established deposits.
Sun Peak says a ten-line induced-polarization survey at Safra covered about 7.4 square kilometres and had a depth of investigation exceeding 500 metres. Preliminary chargeability anomalies were identified at Main, East and North, some near conductive, low-resistivity zones. The company says these data are being combined with gravity, geology and geochemistry, alongside a 33.4 line-kilometre time-domain electromagnetic survey completed earlier in 2026. It explicitly notes that IP interpretation is ongoing and that chargeability can have causes other than sulphide mineralization.
After Safra, the company plans a first drill program at the Al Miyah project and says Round 9 licence targets could advance toward drilling in early 2027. These are forward-looking plans. Sun Peak also said its Saudi exploration activities were continuing as scheduled and that it was monitoring security conditions, with personnel and contractor safety as a priority. The release is an issuer update: the planned metres, target rationale and reported historic assays have not yet demonstrated what the new holes will encounter.
The company states that the scientific and technical information in the release was reviewed and approved by Arron Albano, P.Geo., its project manager and a Qualified Person under Canada’s NI 43-101 disclosure standard. The issuer says the assays summarized in the release had been reported previously and points readers to the earlier releases for sampling, analytical and quality-control information.