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Sun Peak advances Shire polymetallic project in Ethiopia



David Daoud, vice-president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge Gold, in the early 2000s.

Now he believes there is an opportunity to repeat those two home-runs across the border in Ethiopia at the Shire gold project. The project sits on the Arabian Nubian Shield, 70 km from the Asmara project, which Sunridge Gold sold in 2016 to Shanghai Road and Bridge, a Chinese state-owned enterprise, and 150 km from the Bisha mine, now in production and owned by China’s Jinchuan Gold.

“We are very excited to be conducting mineral exploration in Ethiopia on the same Nubian Shield geology as we did in Eritrea at Bisha and the Asmara projects,” Daoud says in an email. “When we first visited the Shire project area, we saw the same tremendous mineral potential for discovery of large high-grade VMS deposits.”

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