petunia1
3 years ago
SASSY SIGNIFICANTLY EXPANDS WESTMORE HIGH-GRADE GOLD-SILVER DISCOVERY IN ESKAY CAMP
VANCOUVER, British Columbia, March 3, 2022 – Sassy Resources Corporation (“Sassy” or the “Company”) (CSE: SASY) (FSE: 4E7) (OTCQB: SSYRF) has significantly expanded the Westmore high-grade gold-silver discovery at depth and along strike with the highest grades yet from drilling at the Company’s 100%-owned Foremore Project in Northwest British Columbia’s prolific Eskay Camp, 30 miles northeast of the Eskay Creek mine.
2021 Drilling & Sampling Highlights
The last five drill holes at Westmore in 2021 each intersected shallow, high-grade mineralization (drill hole intersections are core lengths - true widths unknown at this time);
Four of the last five holes returned visible gold and confirmed the continuation to depth of high-grade Au mineralization defined by 2020 surface sampling. The newly-named 4Amigos Vein has a strike length of 160 meters and is open for expansion to depth and along strike to the west and in particular along strike and downslope to the east;
55.2 g/t Au and 32.3 g/t Ag over 0.8 m within 1.5 m @ 26.6 g/t Au and 15.7 g/t Ag (WM21-014);
86.4 g/t Au and 41.6 g/t Ag over 0.7 m within 1.4 m @ 43.2 g/t Au and 20.8 g/t Ag (WM21-015);
26.3 g/t Au and 17.0 g/t Ag over 0.7 m within 2.2 m @ 8.4 g/t Au and 6.25 g/t Ag (WM21-016);
20.2 g/t Au and 19.3 g/t Ag over 0.8 m within 1.6 m @ 10.2 g/t Au and 9.8 g/t Ag (WM21-017);
503.0 g/t Ag over 1.0 m (WM20-18), 200 m south and 112 m below the 4Amigos vein;
New discovery from channel sampling 600 m south and 300 m below the 2019 original surface discovery where a steeply dipping mafic volcanic hosted quartz vein, up to 7.7 m thick, is exposed over a distance of 130 m and is believed to continue underneath the glacier at the bottom of Westmore. A channel sample across this vein system returned 7.2 g/t Au and 230 g/t Ag over 2.0 m. This area of Westmore has yet to be drill-tested.
Mr. Mark Scott, Sassy President and CEO, commented: “The Eskay Camp is one of the best addresses in the world for high-grade gold exploration and mining. What’s so encouraging about Westmore is that this is a completely new grassroots discovery with a large surface footprint and improving early-stage drill results. As we ramp up drilling and tighten up drill spacing, the expectation is for even better results. The Eskay Camp is renowned for its upside surprises. We also look forward to providing an update soon on the highly prospective More Creek Corridor where we’re targeting gold-silver-rich VMS-style deposits.”
Westmore Discovery Highlights
18 drill holes (4,168 m) completed to date at Westmore (6 in 2020, 12 in 2021) confirm the discovery of a structurally controlled gold-silver-rich system with a large surface footprint covering the Westmore granodiorite intrusive and surrounding country rock;
1,026 surface samples collected at Westmore by Sassy, mostly during 2020 and 2021, returned an average grade of 2.65 g/t Au. The top 50 samples averaged 43.16 g/t Au and 329.26 g/t Ag;
2021 geological mapping focused on defining the outer edge of the intrusive suggests that its widest point east-west is approximately 1 km. In a north-south direction the intrusives long axis also measures approximately 1 km. Its depth extent is unknown but beyond 400 m;
A geochronology study has put the time of the emplacement of the Westmore intrusive at 189.6 Ma (Early Jurassic). Notable examples of gold deposits in the Eskay Camp of a similar age are Brucejack and Snip;Geochemically, the high-grade veins occurring in the intrusive and the encompassing mafic volcanic rock at Westmore are similar;
The associated Au-Ag-Cd-Pb-Te-Zn geochemical signature is recognized in veins occurring within the mafic volcanic unit that flanks the west-northwest side of the Westmore intrusive and on the southeast side of the intrusive where mafic volcanic hosted and very steeply dipping quartz veins have a measured thickness at surface of up to 7.7 m;
Importantly, this geochemical signature can be utilized to vector to potentially favorable quartz veins within the intrusive and surrounding country rock.
Mr. Ian Fraser, P.Geo. and VP-Exploration for Sassy, commented: “We have taken another important step forward with this early-stage discovery and we have much to follow up on from our 2021 success. The last five drill holes at Westmore all cut high-grade mineralization and we’re also greatly encouraged by the channel sampling of the wide vein system at the bottom of the Westmore intrusive leading into the glacier, perhaps our most important surface discovery since the original 2019 discovery 600 m to the northwest and 300 m higher in elevation.
“The aim this summer will be to take Westmore to yet another level and identify the significant mineralizing source which fed this apparent robust system,” Mr. Fraser concluded.
Drilling Notes
2021 Westmore drilling was designed to test the quartz vein stockwork systems occurring at the southern part of the exposed Westmore intrusive and to test other quartz vein occurrences at lower elevations than those tested by drilling in 2020. Four drill holes (WM21-014 to WM21-017) were designed to confirm the quartz vein hosted high-grade Au values sampled extensively on surface in 2020, and intersected by 2020 drilling (4Amigos Vein), are continuous along strike and to depth (see attached 2021 drill hole plan map, drill hole location table and 4Amigos long section). As illustrated in the 4Amigos long section, assay results from surface sampling and drill hole pierce points indicate a current strike length exceeding 150 m and a drill-confirmed vertical depth of 37 m in which high-grade Au values have been produced (fully open for expansion).
Notably, drill hole WM21-007 (the first hole drilled in the 2021 season following up on the six holes drilled at Westmore in 2020) was collared south of and at a lower elevation relative to the six holes drilled at Westmore in 2020 and produced a wide intersection grading 0.34 g/t Au over 28.0 m from 191.0 to 219.0 m downhole. Included within this intersection was a higher-grade result of 5.8 g/t Au over 0.8 m which contained visible gold, demonstrating the potential of this wide vein to produce high-grade results across significant widths as further drill testing is performed. The type of “blow-out” observed in WM21-007 can occur in any of the numerous east-west trending vein systems within the Westmore intrusive.
Highlight 2021 Drill Intersections – 2021 Westmore Discovery Zone
Drillhole Id From (m) To (m) Length (m) Au (g/t) Ag (g/t)
WM21-018 35.0 36.0 1.0 0.03 503.00
WM21-017 11.0 12.6 1.6 10.17 9.76
Including* 11.8 12.6 0.8 20.20 19.30
WM21-016 8.5 10.7 2.2 8.42 6.25
Including* 9.2 9.9 0.7 26.30 17.05
WM21-015 8.7 10.1 1.4 43.21 20.85
Including* 8.7 9.4 0.7 86.40 41.60
WM21-014 7.8 9.2 1.5 26.65 15.67
Including* 7.8 8.5 0.7 55.20 32.30
WM21-013 27.0 28.0 1.0 3.28 1.35
WM21-012 150.8 152.4 1.6 0.90 13.90
WM21-008 83.0 87.0 4.0 1.39 9.29
Including 85.0 86.0 1.0 3.02 26.20
WM21-007 191.0 219.0 28.0 0.34 1.89
Including 212.0 213.5 1.5 4.00 7.15
Including* 212.0 212.8 0.8 5.77 7.22
WM21-007 278.0 279.0 1.0 2.01 1.34
WM21-007 404.0 405.0 1.0 1.67 0.48
* Denotes visible gold (VG) observed in drill core
Note: Length is drill hole length and not true width
Westmore Discovery Zone – Plan View (Partial) 2020-2021 Sampling & Drilling
The collar locations of drill holes WM21-009 and WM21-010 occur just off the northeast corner of plan map.
Westmore Channel Sample Table
Sample_Id E_UTM N_UTM Sample Type Length
(m) Au
(ppm) Ag
(ppm) Pb
(ppm) Zn
(ppm)
E247135 378583 6325165 Channel 1.0 0.03 2.11 1.7 <2
E247136 378583 6325165 Channel 1.0 6.44 109.00 8.4 3
E247137 378583 6325165 Channel 1.0 8.00 351.00 29700 306
E247138 378583 6325165 Channel 1.0 0.13 5.42 90.7 12
“4Amigos” Plan View & Long Section of DDH Pierce Points Along Strike
2021 Westmore Drill Hole Locations
Drillhole_Id Easting (UTM) Northing (UTM) Elevation (ASL_m) Azimuth (°) Dip (°) Depth (m) Start Date End Date
WM21-007 378462 6325299 1404 180 -60 422 07/23/2021 07/30/2021
WM21-008 378462 6325299 1404 200 -55 350 07/30/2021 08/05/2021
WM21-009 379006 6325728 1260 130 -55 352 08/06/2021 08/10/2021
WM21-010 379006 6325728 1260 150 -55 263 08/10/2021 08/12/2021
WM21-011 378348 6325453 1524 180 -55 21 08/13/2021 08/14/2021
WM21-012 378348 6325453 1524 180 -60 458 08/14/2021 08/20/2021
WM21-013 378348 6325453 1524 165 -50 205 08/20/2021 08/22/2021
WM21-014 378354 6325501 1533 180 -45 99 09/05/2021 09/06/2021
WM21-015 378354 6325501 1533 180 -55 49 09/06/2021 09/07/2021
WM21-016 378354 6325501 1533 200 -45 32 09/07/2021 09/07/2021
WM21-017 378354 6325501 1533 200 -65 56 09/07/2021 09/08/2021
WM21-018 378419 6325305 1421 180 -50 199 09/08/2021 09/11/2021
Total 2506
No significant results reported in drill holes WM21-009 & WM21-010. Hole WM21-011 was abandoned shortly after it was collared due to a drill mechanical issue.
Illustration of Visible Gold in Core – Diamond Drill Hole WM-21-014
Quality Assurance/Quality Control
Sassy implemented an industry-standard QA/QC program for all field samples and drill core samples collected during its 2021 exploration program. The company inserted QC blanks and standards at pre-determined intervals. Drill core samples were cut in half by rock saw, half of the core remained in the labeled interval in the core box, the other half was placed in clear plastic sample bags together with pre-numbered sample tags and remained on site until transportation to the lab. Samples were transported and submitted directly by Company personnel to the ALS prep lab at Terrace, B.C. Initially, all rock and drill core samples were crushed to 70% passing 2mm, split to 500g, and pulverized to a pulp with 85% passing 75 micrometres. The pulps were then shipped to ALS facilities in Kamloops and Vancouver BC, where they were fire assayed for gold by 50g fire assay with atomic absorption finish (AAS), 48 elements by multi-element ICP-MS, 4-acid digestion. The company is in the process of re-assaying high-grade Au Samples by Metallic Screening process. Over-limit analyses for Ag, Cu, Pb, Zn were performed utilizing the Ore Grade, 4-Acid, ICP-AES procedure. ALS is an accredited lab independent of Sassy Resources.
Subscribe for Updates
Photographs and videos from the Company’s projects in Northwest B.C. and Newfoundland will be added to the Sassy website over the coming days and weeks. Visit SassyResources.com and sign up for news alerts to stay informed as exploration continues year-round.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Ian Fraser, P.Geo., Vice President of Exploration for Sassy Resources. Mr. Fraser is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Sassy Resources Corporation
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle, and the Central Newfoundland Gold Belt where Sassy is one of the district’s largest landowners.
Caution Regarding Forward Looking Statements
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward looking information”, with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.
Contact Info:
Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca
Sassy Resources
Corporate Communications/IR
Terry Bramhall
1.604.833.6999 (mobile)
1.604.675.9985 (office)
terry.bramhall@sassyresources.ca
In Europe
Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Visit SassyResources.com
petunia1
3 years ago
News: Drilling to start this month on uranium project.
SASSY COMPLETES DEFINITIVE OPTION AGREEMENT FOR HIGHROCK URANIUM PROJECT
VANCOUVER, British Columbia, February 10, 2022 – Sassy Resources Corporation (“Sassy” or the “Company”) (CSE: SASY) (FSE: 4E7) (OTCQB: SSYRF) has completed the definitive option agreement (the “Agreement”) for the Highrock Uranium Project in Saskatchewan, south of Cameco’s Key Lake site, with project operator Forum Energy Metals Corp. (refer to January 6, 2022 news release).
Mobilization for access to the Highrock drill sites by a winter haul road is in progress with the start of drilling anticipated this month.
Mr. Mark Scott, Sassy CEO, commented, “We are very pleased to have completed the definitive option agreement for the Highrock Project, following up on the terms laid out in the original Letter of Intent signed with Forum Energy Metals in early January. We have high quality drill targets at Highrock, offering shareholders excellent leverage to a potential new discovery and uranium market upside this year and beyond.”
As announced January 6, 2022, Sassy signed a binding Letter of Intent (the “LOI”) with Forum Energy Metals to acquire up to 100% of Highrock on terms spread out over four years. The definitive option agreement further details the terms originally outlined in the LOI.
Highrock Project Location Map
The Deal:
Sassy paid Forum $50,000 cash upon signing of the binding LOI. Sassy has paid Forum an additional $50,000 cash and 250,000 Sassy shares on signing of the definitive option agreement. The Agreement between Sassy and Forum describes a staged earn-in under which Sassy will initially acquire a 20% interest in Highrock by making the cash and share payments listed above and completing $1,000,000 in exploration expenditures during 2022. To date, Sassy has contributed $300,000 to the fully funded 2022 exploration program;
Sassy can earn an additional 31% interest (51% total) by paying $50,000 cash and 250,000 shares on or about January 2, 2023, and by providing $1,000,000 in exploration funding for 2023;
Sassy can earn an additional 19% interest (70% total) by paying $50,000 cash, 250,000 shares on or about January 2, 2024 and providing $1,500,000 in exploration funding for 2024;
The final 30% interest in the Property (100% total) may be acquired by Sassy by paying Forum $150,000 in cash and 3,000,000 shares on or before December 31, 2025;
In total, to acquire 100% of Highrock, Sassy will pay $350,000 in cash, issue 3,750,000 shares and provide up to $3,500,000 in exploration funding over four years between January 3, 2022, and December 31, 2025. Should the project advance to this stage, Sassy will pay Forum $1,000,000 on delivery of a Feasibility Study and a further $3,000,000 on commencement of commercial production. Forum maintains a 1% NSR on Highrock, half of which (0.5%) can be purchased by Sassy prior to the commencement of commercial production for the sum of $1,000,000. A 1% NSR on the north claim (S-113362) is shared by third parties, half of which (0.5%) may be purchased by Sassy for the sum of $1,000,000. A 2% NSR on the south claim (MC00013262) is held by a third party and at present is not subject to a repurchase clause;
Forum Energy Metals will act as project operator for 2022 and 2023 and may do so at Sassy’s option in 2024.
Subscribe for Updates
Visit SassyResources.com and sign up for news alerts to stay informed as exploration continues year-round.
About Sassy Resources Corporation
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal, base metal and uranium projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle; the Central Newfoundland Gold Belt where Sassy is one of the district’s largest landowners; and the recently acquired Highrock Uranium Project in the Key Lake region of Saskatchewan’s Athabasca Basin.
Caution Regarding Forward Looking Statements
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward looking information”, with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.
Contact Info:
Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca
Terry Bramhall
Sassy Resources
Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
terry.bramhall@sassyresources.ca
In Europe
Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu
petunia1
3 years ago
.SASSY ANNOUNCES DIVIDEND SPINOUT
OF 8.83 MILLION GANDER GOLD SHARES
VANCOUVER, British Columbia, October 15, 2021 – Sassy Resources Corporation (“Sassy” or the “Company”) (CSE: SASY) (FSE: 4E7) (OTCQB: SSYRF) is pleased to announce that its Board of Directors has approved the dividend spinout distribution (the “Spinout”) to its shareholders of an aggregate of 8,833,333 common shares (the “Gander Shares”) in the Company’s wholly-owned subsidiary, Gander Gold Corporation (“Gander”). This number of Gander Shares represents the settlement of 100% of the debt outstanding between Gander and Sassy associated with the acquisition of the Company’s Newfoundland exploration properties.
The Company currently has 47,537,506 common shares (the “Sassy Shares”) issued and outstanding. Accordingly, the planned dividend distribution of 8,833,333 Gander shares would represent a ratio of one (1) Gander share for every 5.3816 Sassy shares owned by a Sassy shareholder as of the record date of February 1, 2022, or alternatively 0.1858 Gander shares for every one (1) Sassy share owned as of the record date. The final spinout ratio is subject to any changes to the Sassy share structure between the date of this announcement and the final record date for the dividend distribution, along with the approval of Gander’s imminent application to list on a Canadian stock exchange.
Sassy is in the final stages of preparing the application to list Gander on a Canadian stock exchange. Upon listing, Gander is expected to have 71,395,556 Gander Shares issued and outstanding, with nil share purchase warrants outstanding. Following execution and completion of the Spinout, Sassy will maintain ownership of 35,330,556 Gander Shares, representing approximately 49.5% ownership of Gander. Eric Sprott will beneficially own 10,666,667 Gander Shares, representing approximately 15% ownership.
Comments From Mr. Mark Scott, Sassy President & CEO
“The planned dividend spinout of over 8.8 million Gander shares to our Sassy shareholders represents the first quantifiable delivery of value to our shareholders resulting from our strategic early move into Newfoundland and should represent a material premium to Sassy’s share price.
“We have been very effective at managing Sassy’s share structure as well as Gander’s while building for our investors a compelling portfolio of grassroots properties in Newfoundland covering 2,257 sq. km (8 separate projects), one of the largest land packages on the island. Initial work has been very promising with Gander Gold on track in management’s view to become a leading and well-financed Newfoundland discovery opportunity when it comes to trade. I wish to congratulate the Board for their efforts and thank our shareholders for their ongoing support as we work to build sustainable shareholder value in both Sassy and Gander.”
Moving Forward
Further updates on the listing of Gander and the spinout will be provided as the Gander listing application proceeds and the record date for the dividend distribution of Gander Shares approaches.
Results are pending from the Company’s ongoing early-stage exploration program across its extensive project areas in Newfoundland. Results are also pending from the recently completed 2021 field exploration program, including diamond drilling, at the Company’s 100%-owned 146 sq. km Foremore Project in Northwest B.C.’s prolific Eskay Camp.
Subscribe for Updates
Additional photographs and videos from the Company’s projects in Northwest B.C. and Newfoundland will be added to the Sassy website over the coming days and weeks. Visit www.SassyResources.com and sign up for news alerts to stay informed as exploration in Newfoundland continues year-round.
About Sassy Resources Corporation
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle, and the Central Newfoundland Gold Belt where Sassy is one of the district’s largest landowners.
Caution Regarding Forward Looking Statements
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward looking information”, with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.
Contact info:
Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca
Terry Bramhall
Sassy Resources
Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675-9985 (landline)
terry.bramhall@sassyresources.ca
In Europe:
Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
petunia1
3 years ago
Sassy Mobilizes for Drilling at Westmore Discovery
VANCOUVER, BC / ACCESSWIRE / July 13, 2021 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce that crews have mobilized for the start of 2021 drilling at the Company's Westmore gold-silver discovery where a first-ever series of relatively shallow drill holes last fall confirmed that widespread surface mineralization in quartz vein swarms and stockworks extends to a vertical depth of at least 200 meters and remains open in all directions.
Sassy is aggressively following up on this new grassroots discovery in Northwest B.C.'s prolific Eskay Camp while exploration crews are also preparing for a busy summer along the More Creek Corridor and Hanging Valley areas where upcoming results from a recently completed VTEMä Survey will serve as an important guide.
Mr. Mark Scott, Sassy CEO, commented: "This is an exciting time for Sassy as we carry out fully-funded exploration campaigns in Canada's two most exciting gold camps right now, Eskay and Newfoundland. Armed with the data gathered during the 2020 field season and our recently-completed Foremore VTEMä Survey, we now know the Westmore Intrusive to be much larger than originally thought and coeval with some of the significant economic deposits in the region. We look forward to following up this year on the extensive high-grade gold identified at surface, the very encouraging 2020 preliminary drilling at Westmore and the VTEMä results we're confident will generate a number of new targets for follow up across the Foremore Property."
Highlights:
Phase 1 diamond drilling, beginning mid-July, will focus on the Westmore Discovery Zone and will be designed to test areas where 2020 surface sampling highlighted high-grade gold and silver values hosted in quartz vein swarms and stockworks that cut the Westmore Intrusive;
2019-2020 surface sampling at Westmore produced 860 surface samples with an average grade of 2.78 g/t Au. 145 of these samples (17%) were equal to or greater than 1.0 g/t and the top 20 surface samples from Westmore averaged 74.7 g/t Au and 574.7 g/t Ag (see table below);
Sassy recently completed a 1,687 line-kilometer airborne VTEMä Survey of the entire Foremore Property. Preliminary interpretation of the data generated by this high resolution, deep penetrating survey is ongoing;
Phase 2 diamond drilling will be guided by VTEMä results and will test several gold-silver plus base metal occurrences identified by Sassy in the More Creek Corridor, and the Hanging Valley area on the east side of the Foremore Property;
Geological mapping and prospecting will continue at Westmore to define local controls to the gold-silver mineralization identified in 2020 and to define other gold-silver rich areas within the Westmore Intrusive.
Westmore Discovery zone - Top 20 SURFACE SAMPLES
Sample #
Type
Au (g/t)
Ag (g/t)
C0012933
Grab
157
83.5
B0020723
Outcrop
125.5
1900
C0012607
Chip
120.4
35.3
B0020721
Outcrop
119.6
1,036
C0012588
Chip
101
1,320
C0026497
Chip
96.9
68.1
C0026509
Chip
92.6
1,510
C0012901
Chip
82.9
35.6
B0020722
Outcrop
81.1
987
C0026571
Grab
61
39.3
C0012801
Chip
59.4
286
C0012938
Grab
54.4
40.6
C0012606
Float
49.6
1,481
C0026494
Grab
48.5
14.8
C0012511
Chip
47.5
691
B0020724
Outcrop
44.3
750
C0026552
Chip
39.8
29
C0026513
Chip
38.7
62.6
B0020725
Outcrop
36.8
450
C0026519
Chip
36.5
674
Average
74.7 g/t
574.7 g/t
Total 2019-2020 Samples: 860 | Average gold grade: 2.78 g/t | 145 samples or 17% >1 g/t Au
Note: Investors are cautioned that surface rock samples are selective in nature and are not necessarily
representative of mineralization hosted on the property.
Foremore Project Map
Sassy Launches New Website: SassyResources.com
Sassy Resources is pleased to announce the official launch of its new corporate website, SassyResources.com . The new site hosts a wealth of Company information, photo galleries, videos, a new corporate presentation and detailed project-by-project descriptions of the Company's holdings in Newfoundland and the Eskay Camp. Current and prospective investors are encouraged to visit the new site and register for Company news alerts and updates as work progresses on the ground at each of the Company's projects and information is added regularly to the new site.
Corporate Presentation
To view the new Sassy Corporate Deck, visit the home page of the website or the following URL:
https://sassyresources.com/SassyResources_July6_2021.pdf
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Ian Fraser, P.Geo., Vice President of Exploration for Sassy Resources. Mr. Fraser is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Sassy Resources Corporation
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its current focus is the Foremore Gold-Silver Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle.
Caution Regarding Forward Looking Statements
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes "forward looking information", with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.
Contact Info:
Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca
Terry Bramhall
Sassy Resources Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
terry.bramhall@sassyresources.ca
In Europe:
Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sassy Resources Corporation
petunia1
3 years ago
What the World's Greatest Gold Prospector Knows
Sassy Geologist featured in "Popular Mechanics".
https://www.popularmechanics.com/adventure/outdoors/a20066497/shawn-ryan-ground-truth-gold-rush/
The Rush: What the World's Greatest Gold Prospector Knows
Deep in the Yukon, the world’s most successful prospector is using advanced technology to find ever tinier flecks of gold that could be worth billions. How does he find what no one else finds?
GENESEE KEEVIL
MAY 17, 2018
Shawn RyanDANNY WILCOX FRAZIER
The legend appears like a ghost one afternoon, a long way from anywhere.
Deep in a valley that looks a lot like every other spruce- and poplar-filled valley sprawling hundreds of miles south from Dawson City, Yukon, a mineral-staking crew slogs up a creek humping chainsaws and smartphones. This is far-flung subarctic wilderness—no roads, no people, just a lot of bears and buckbrush. It’s late fall 2016, and the crew is fanning out across boggy moose pasture, crossing icy creeks just deep enough to soak their boots. These men are claiming ground the way prospectors have for centuries, with a few modern improvements: They drive spruce posts into the dirt, blaze them with an axe, and scrawl a name and some coordinates with a black Sharpie. On one, the crew scribbles the name of a soccer mom back home. Five miles down, the name of another local parent is scratched onto another post. Each name on a post signals the claiming of one five-mile lease, which includes rights to all the precious metals and minerals that chunk of land contains.
“THERE’S THE ARSENIC, HUH. WHERE IS THE GOLD, BABY?”
Prospecting is a billion-dollar industry in Alaska and the Yukon—hundreds of small operations and a handful of big ones employ roughly 1,500 people who do everything from geological assay to land surveying to drilling. This crew works for a man named Shawn Ryan, who is the most famous gold prospector in these parts, maybe in North America, maybe in the world. Ryan walked five hundred miles across the Arctic, alone, and chased migrating musk ox in an attempt to gather qiviut, and revolutionized the mushroom-foraging industry by applying data analysis and technology no mushroom forager had ever used. His success in prospecting for gold has been equally unorthodox. Over the past seventeen years, he has developed an extensive soil-sampling program, using machines he dreamed up and built from component parts raided from other industries. The mineral-exploration company he leads is called GroundTruth Exploration, because Ryan feels he can get to the truth of what lies beneath the earth’s surface better and faster than anyone else. It has made him a millionaire several times over. (On paper, Ryan is technically an independent prospector and his wife, Cathy Wood, works at GroundTruth. That lets him take on more jobs without the appearance of a conflict of interest. Ryan never misses a trick.) Ryan almost single-handedly kicked off the Yukon’s second gold rush in 2009. Many people in his business think he’s on the verge of doing it again.
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Mountains Dawson City
The mountains outside Dawson City are filled with relics of the region’s prospecting past—mossy, skeletal cabins and overgrown scars where miners once trenched for gold. Some of this land is now protected as part of Tombstone Territorial Park. But where it is not, prospectors continue to walk, drive, and chopper in to seek their fortunes.
DANNY WILCOX FRAZIER
There are good prospectors out there, and then there is Shawn Ryan. Successful gold-finding has always been a combination of patience, instinct, persistence, resourcefulness, and a tolerance for risk. In Ryan, each of these always seems to be calibrated in perfect proportion. And he has introduced another element to the equation: technology. He uses drones and data sets and high-tech cartographic innovations and two Astar D2 helicopters that he modified to use less fuel but develop more lift. The question for hundreds of miles in every direction is, how does Shawn Ryan do it? Is it the technology that sets him apart, or is his sense about where gold might be somehow more acute than everyone else’s?
How does anyone rise to the top of his field?
In one way, however, Ryan is no different from any other prospector in the Yukon: Everyone is limited to one five-mile lease a year. He wants 140 miles, so he went to the local soccer team he sponsors and paid the kids’ parents for their names.
It’s late in the day and one of the guys is running a creek, trying to land one more lease, when he notices something weird: The water is flowing the opposite direction from the other creeks in the area. Farther on, something else unusual: a pile of rusty prospecting tools under a big spruce tree, almost hidden by branches. They must be one hundred years old. He snaps a picture and keeps going.
A few weeks later, back in Dawson City, the crew sits around charging batteries and drying socks. Ryan pulls up, wild mushrooms rolling around the dash of his truck, looking very mad scientist—scruffy hair, stubble, eager grin. The crew smells of wood smoke. One of them pulls up a blurry picture on his phone—those rusty tools. Ryan reaches over fast and zooms in. Stares for a long moment.
“There’s this rumor,” he says, leaning in. “About two natives in the late forties, early fifties. They’d walk overland from Dawson some hundred miles to their camp at Coffee Creek. And there was this one spot they’d always deke off the trail and hand-bomb a bunch of gold.” Not just flakes, he says. Huge, fist-size nuggets. No one knew where this was, but there were clues. He drops his voice. “One clue was that the creek drained opposite to the way you thought it should.”
He pauses.
“The next was that they left all their tools under a big spruce tree.”
Prospecting
For the past seventeen years, Ryan has been running the largest geochemical sampling program on earth. When government maps proved not to have the accuracy he required for plotting findings, he started making his own. Now he can call up detailed information about his claims from just about anywhere in the world—including his home, above.
DANNY WILCOX FRAZIER
On the porch of the old mobile home GroundTruth uses as an office, a dusty baby sits eating a popsicle beside a three-legged dog. It’s summer 2017 in Dawson City, the season is ramping up again, and it is breaking-records hot. Ryan’s leaning over the railing in pale, stretched-out jeans, talking to a mining consultant in khaki shorts and a golf shirt. The guy’s up from Vancouver representing a company that just swallowed twenty thousand of Ryan’s claims. Ryan will tell you there’s probably five million ounces of gold buried under those 964,000 acres—$6.8 billion dollars’ worth. Which is what prospectors do. They claim land, promise it’s full of gold, then sell it, leaving the buyer to do the mining. Except in this case, after selling the rights to those claims, Ryan got the mining company to give GroundTruth a three-year, multimillion-dollar exploration contract to find the gold.
Inside—past the sticky baby and faux-wood paneling—sits the “war room,” a radiating sauna of stacked 100-terabyte servers, Lenovo computers souped up with high-end video cards and big monitors, and buzzing Samsung smartphones. Here, surviving on pizza and coffee, geologists hunt gold virtually. Data streams in from Ryan’s “commandos”—men and women in reflective vests who jump out of choppers outfitted with stealth drones, satellite internet, and remote-control drills—in the backcountry. They collect data on complicated electrical measures like resistivity and chargeability, and X-ray fluorescence, and generate topographic models. Data the geologists interpret to tell GroundTruth precisely where to dig. Ryan walks into the war room and stops dead in front of a screen displaying what looks like an ultrasound of a boa constrictor. “Holy cow.” He lifts up his green ball cap with the helicopter on it, scratches a heap of silver hair. “Wow, eh. Holy cow.” Out at one of his bush camps, maybe a hundred miles from GroundTruth’s trailer, a crew has dropped a $40,000 camera on a data cable down a three-hundred-foot drill hole—a system Ryan adapted from the oil-and-gas industry (and tested first by taping a flashlight to a GoPro). In the trailer, Ryan can see into the earth in real time, and he watches the feed wide-eyed and astonished. “You can’t invent that one. Holy cow.”
Maybe somewhere on the planet, someone’s already thought of throwing a rig like this down a drill hole. But Ryan’s actually done it.
Prospecting
Out at the Golden Saddle, one of the first claims where Ryan hit pay dirt, drill operator Jason Marwick takes samples with a remote-controlled hammer drill. The drill, powered by a Honda gas engine and riding on repurposed ATV tracks, was the first product of Ryan and Tao Henderson’s DIY approach to prospecting equipment
DANNY WILCOX FRAZIER
When Ryan first got to Dawson, a gold-rush town of faded, listing facades, he went after wild morel mushrooms, a lucrative crop if you can find them. He researched the places where wildfires burned hottest, soil temperatures, frost frequencies, rainfall, satellite imagery, old forestry reports, and his own harvests until he had enough data that he could fly a drone over a burn and know exactly where the mother lode would be. He’d chopper in and pick a week’s worth of mushrooms in hours. When Ryan turned his attention to gold, he realized that a prospector is really just a glorified bushman: someone who knows the land so well he thinks he can see right through it.
“WE PUT ONE ON MARS. WHY CAN’T WE PUT ONE DOWN A FIFTY-FOOT SHAFT?”
Ryan fills the trailer with the wonder and excitement of a boy digging for buried treasure. With his down-hole camera technology, he is documenting things almost no one ever gets to see, like water rushing through underground aquifers. And as he scrolls down that tube, he hesitates at a fragmented image on one of the screens. On another monitor he scans columns of assay results that tell him what metals and minerals are in the dirt. Certain minerals suggest the presence of gold nearby. The right mix could mean—“There’s the arsenic, huh. Where is the gold, baby?”
In 2016, just before he sent that staking crew into the bush, Ryan discovered something. For years, he’d been hunting hard-rock gold, the kind packed tightly in veins and faults underground. But gold also occurs as placer: raw gold that has eroded from the veins and drifted into the dirt. The kind of gold you might find in a creek bed, under a big spruce. Ryan started reading Canada’s mining laws—something anyone can do but no one actually does—and discovered he could stake the hard-rock claims he’d sold again. For placer.
Ryan scopes farther down that digital drill hole, full of shadows and pockets of golden light. He keeps glancing at assay results. Then he lets out a whoop. “There it is! There it is, Houston. Oh wow.” Ryan is the only one still surprised when he finds gold. “We’re not supposed to be surprised,” he says. “We’re supposed to be professionals, right?”
Plastic bag, Bin bag, Leaf, Tree, Plant, Waste, Flower, Bag,
Bags of pulverized rock and dirt pulled out of the ground by GroundTruth sampling teams. The samples are sent to a lab to be assayed, in hopes of finding telltale metals and minerals, like arsenic, antimony, molybdenum, and tellurium, that are known to keep company with gold. The information on the bags ties them to Ryan’s database of geochemical samples.
DANNY WILCOX FRAZIER
One of Ryan’s crew, Dillon Langelaan, is up on a ridge a couple hours south of Dawson, shacked up in a wall tent with a satellite dish, surrounded by an electric bear fence. Midsummer is GroundTruth’s high season, and Langelaan is one of 170 guys Ryan’s got out in the bush. An East Coast farm kid fresh out of rock school, Langelaan’s on a three-man exploration crew, the kind feeding the screens back in the war room. But he’s been given a robotic gold-finding contraption that wasn’t in any of his textbooks, a machine created by a man everyone here calls the Doctor.
The Doctor is Tao Henderson. He wears black latex surgeon’s gloves, black everything else, and is known to blast AC/DC from his operating theater—an insulated metal Quonsethut with a moose rack over the door adjacent to GroundTruth’s mobile-home headquarters. When things break, Henderson fixes them. He also shrinks stuff—makes big industrial drills tiny and mobile. He and Ryan ferret out parts the way small-town boys build dune buggies, using whatever is lying around—an old bed frame, a bench seat, a small-block engine. In a neighbor’s backyard they pulled the tracks off a 1970s Cushman Trackster ATV and threw them on a hammer drill. The zero-turn tracks have a 45-degree tilt front and back for tough terrain and are powered independently, so that the machine can navigate any landscape it encounters in the bush. It is part squat tank, part giant robotic mosquito. Ryan has driven two hours of bumpy back road to see this invention do what traditional exploration crews do by gashing trenches with backhoes. They watch as the machine trundles through the buckbrush. The operator tugs the stubby toggles on a heavy rubber remote and the hammer drill pivots and spins, teetering precariously before rolling clumsily down the bank. He nudges a lever and the drill head slowly rises, folding forward like a person in prayer.
The jangling whine of the engine turns into a steady jackhammer thwack as the drill pounds steel casings down two meters, then retrieves them, now full of soil samples. The drill rolls over the moss without a trace, leaving behind a tiny dribble of golf-ball-size holes.
GroundTruth
Staff in the GroundTruth trailer coordinate operations—streaming data, juggling helicopter flights and rescue operations, and monitoring forest fires. Even as GroundTruth expands to work claims in Nunavut and Newfoundland and Labrador and finds itself in demand on other continents, everything runs from this trailer.
DANNY WILCOX FRAZIER
Digging a little deeper than everybody else, a little more often, Ryan has been stockpiling dirt since 2001, collecting more than three hundred thousand samples—the largest geochemical sampling program on the planet. He used to plot his data on the government topographical maps everybody uses, until he figured out that they were inaccurate. Maybe other people had noticed this, but Ryan actually decided to make his own, with SenseFly eBee drones he started testing in 2012, long before most people had even heard of drones. These tiny stealth boomerangs wing grids autonomously, shooting pictures that are stitched together into high-resolution 3D topographic models forty times more detailed than Google Earth.
As the dirt-packed casings are pulled from the ground and threaded off the hammer drill, Langelaan bashes out the samples with a sledgehammer, catching the trickle of rocky loam in a plastic gold pan. “You’re not only looking at rocks,” says Ryan, crouching down next to Langelaan, rubbing the dirt between his fingers. “As a geo, a young guy learning, you should be trying to figure out the game.” It’s like Sasquatch hunting, Ryan likes to say, this unrelenting search for the mother lode: “I believe the beast exists, even though no one’s ever seen it.”
Langelaan just stares at Ryan. Like he can’t quite believe this legendary prospector, a guy he learned about in school, is standing out here on the side of this scrubby mountain talking to him. Langelaan has a backlog of questions: How deep should they drill to hit “the zone”? Does bagging wet dirt change the assay results? Should he dry it?
You can tell Ryan recognizes something of himself in this curious, kind of innocent kid. Ryan wants Langelaan to feel the same dazzling rush he does when he works through these puzzles. Langelaan drops the sledgehammer and shows Ryan the mustard-colored loam that keeps turning up. Ryan promises him a new X-ray gun to determine mineral content.
“I BELIEVE THE BEAST EXISTS, EVEN THOUGH NO ONE’S EVER SEEN IT.”
The right tool is always out there. Once, at what he calls a “geek conference” in Colorado, Ryan found a technology designed to spot sinkholes and assess fuel spills with probes that zap the dirt and chart electrical resistivity. He figured if it could find that stuff underground, it should find gold veins too. So he got it, and instead of spacing the probes every fifty meters, like the instructions said, Ryan put his every five meters for a sharper picture, and packed the probes in cat litter—the only bentonite source he could find in Dawson—to boost contact. That’s what Ryan’s telling this kid, Langelaan. There’s always a better way if you give yourself the time and space to think creatively. The job isn’t really the geology. The job—all jobs, really—is gathering the knowledge, the science, then learning to let instinct navigate you surely through it. “You’re actually hunting,” Ryan tells him, and he hopes he sees the special joy in hunting for gold (or Sasquatch): If you’re chasing something mythical, seemingly impossible to find, the hunt never really ends.
GroundTruth
GroundTruth geologist Greg Dawson uses a loupe to examine a rock sample. Dawson says his work at GroundTruth is “striving toward failure”: The faster, cheaper, and more efficiently he can prove there’s nothing under a given sample, the quicker the company can get to the pay dirt—and the higher the return when it strikes gold.
DANNY WILCOX FRAZIER
Fall in the Yukon means daylight is growing precious, the poplars are turning yellow, and Richard Daigle is boarding a GroundTruth helicopter to the placer leases Ryan’s crew staked one year earlier. He’s leading a team that’s going to spend a couple weeks taking drill samples, the first step to assessing the viability of the claims. The season is winding down and it’s late to head out, but Ryan’s insistent: There’s one creek that has to be drilled before the snow flies. The creek that moves in the wrong direction, where the crew found the rusty tools leaning against the old spruce tree.
Gold seems to offer itself up to Ryan. “It actually becomes pretty much anticlimactic when you find it,” he says. “Ding ding ding! It’s exciting on the first or second hole and then the euphoria’s over because, shit, it’s really there. Okay. Then you kind of stand back and go, ‘Shit. Okay, I guess I’m done. Ha ha ha.’ Then you’re like, ‘Oh my God. Okay. Now what?’ ” That’s why back at GroundTruth HQ, Ryan’s got the Doctor trying to figure out how to make a drill that can bore a shaft big enough to drop a robot—a placer mining bot that doesn’t exist yet. That’s the next step if Daigle’s drill samples come back looking good. Ryan reckons GroundTruth can build burrowing placer bots by hacking mini track machines he found online with existing remote-control technology. “It’d be easy,” he says. “We put one on Mars. Why can’t we put one down a fifty-foot shaft?” Daigle has a face like an oilskin raincoat, patinated from life on the land moonlighting for mining companies—chasing other people’s dreams. He gazes out of the chopper as it thumps over ridge after ridge before eventually perching itself above the valley formed by the creek that runs in reverse. A couple guys duck out and skid down the hill toward a miniature rotary-air-blast (RAB) drill on tracks—another of the Doctor’s remote-control contraptions, which was choppered out ahead of time. Before long the men are slinging steel drill casings and buckets of pulverized dirt. Over the next several days, their progress is marked by the phantasmic puffs of white powder that rise from the valley’s black spruce, dust kicked up as the RAB jackhammers into the ground and busts up everything in its path.
By the time the crew finally rolls under that big spruce and sets up one last target, there’s snow on the ground. The RAB starts pounding and Daigle, jacket open despite the cold, moves fast, washing samples pulled up by the drills, watching for that telltale flash of glittering light.
Gold.
Of course they find it. Ryan isn’t there—he’s not in the field nearly as much as he used to be. But he knew they would. He’d done the work to know the dirt, and he knew in his gut he could trust the legend.
The find is good enough, he’ll say later, to consider a full-fledged placer-mining operation.
“Surprisingly so,” he adds, a little tease. Even though he doesn’t know yet, he knows.
This appears in the June 2018 issue. Want more Popular Mechanics? Get Instant Access!
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Renee
3 months ago
