Sassy Kicks off Eskay Camp Exploration Season With Foremore VTEM Survey

May 10, 2021 9:02 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

VANCOUVER, BC / ACCESSWIRE / May 10, 2021 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(OTCQB: SSYRF)(FSE:4E7) has commenced a VTEM" (Versatile Time-Domain Electromagnetic System) survey at its 100%-owned Foremore Property in Northwest British Columbia's prolific Eskay Camp - the first deep penetrating, high resolution geophysics program carried out across the entire 146 sq. km project.

Goetech Airborne Geophysical Surveys is conducting the survey at 100-meter flight lines totalling 1,684 line kilometers. Included with the EM component of the VTEM" system is a high-sensitivity cesium magnetometer.

The VTEM" system is capable of detecting discrete conductive anomalies, can detect and discriminate between moderate to excellent conductors, and can map lateral and vertical variations in resistivity. Depending on ground conditions the VTEM" system can provide high-resolution EM data to depths in excess of 200 meters and up to 400 meters below surface. Additionally, the MAG component will provide valuable data to assist in mapping lithology and structure occurring at Foremore.

Westmore Discovery

Sassy has demonstrated high-grade gold and silver mineralization associated with the Westmore intrusive, now believed to be Early Jurassic in age which aligns this grassroots discovery on the geological timeline with other Jurassic-aged gold deposits in the Golden Triangle.

The VTEM" survey will map out in better detail the size, shape and orientation of this intrusive, host to numerous east-west trending vein swarms and stockworks that carry gold-silver mineralization as confirmed by first-ever drilling at Westmore last fall. Targets are being prioritized for upcoming Phase 2 follow-up drilling.

More Creek Corridor

Within the multi-kilometer-long More Creek Corridor (MCC), gold-silver mineralization occurs with VMS style mineralization and at a preferential contact that has been recognized along the eastern margin of the MCC. The VTEM" survey will provide valuable information in defining this preferred contact. It will also detect conductive targets at depth within the MCC and provide valuable insight into overall structural dynamics and the source of the VMS-style mineralization intersected by Sassy in 2020 and by previous operators (historical drilling at the Ryder Zone at the northern end of the MCC, for example, returned an 0.80-meter interval at 202.8 meters downhole that assayed 26.5 g/t Au, 85 g/t Ag, 8.6% Zn, 2.2% Cu and 1.28% Pb in drill hole FM04-32 - refer to December 17, 2020 news release).

Hanging Valley

In the upcoming field season Sassy crews will be very focused in developing drill targets within the Hanging Valley section of Foremore, east of the MCC. The VTEM" survey will be very instrumental at further defining the host lithology of the numerous precious metal and base metal association occurrences distributed within the Hanging Valley while also providing a structural setting. Sassy anticipates numerous geophysical anomalies that will need to be ground-proofed for the purpose of drill targeting in this highly prospective but under-explored area of the property.

The Hanging Valley features multiple precious and base metal showings occurring within an area at least five km north to south and five km east to west (SG, Sunday, Boulder, Heather, Zig Zag and Rhino). Recent glacial retreat is aiding the company's efforts in this part of the property where a systematic drill program has never been carried out.

Foremore Project Map

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 Gold-Silver 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.

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



View source version on accesswire.com:
https://www.accesswire.com/645919/Sassy-Kicks-off-Eskay-Camp-Exploration-Season-With-Foremore-VTEM-Survey



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Accesswire, Press Releases

Related Entities

Definitive Agreement