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Sasquatch Resources Provides Update on Mount Sicker Property

Sasquatch Resources Provides Update on Mount Sicker Property

Sasquatch Resources 提供了 Mount Sicker
newsfile ·  2023/10/04 04:47

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2023) - SASQUATCH RESOURCES CORP. (CSE: SASQ) ("Sasquatch" or the "Company") is pleased to provide an update respecting its Mount Sicker property within the Victoria Mining Division of British Columbia, Canada. 15 of the mineral claims comprising the property are covered by a property option agreement (the "Mount Sicker Agreement") dated as of October 1, 2021, 1 mineral claim is covered by a property option agreement (the "Tyee Agreement") dated as of November 5, 2021, and the remaining 4 claims were staked by the Company.

温哥华,不列颠哥伦比亚省-(Newsfile Corp.-2023年10月3日)-大脚野人资源公司。(CSE:SASQ)(“大脚野人“或”公司“)很高兴提供加拿大不列颠哥伦比亚省维多利亚矿业事业部内的菲瑟尔山矿产的最新情况。组成该矿产的15项矿物索赔由日期为2021年10月1日的财产期权协议(”瑟菲尔山协议“)涵盖,1项矿物索赔由日期为2021年11月5日的财产期权协议(”泰伊协议“)涵盖,其余4项索赔由本公司承担。

The Company has decided to not fulfill its second anniversary option obligations under the Mount Sicker Agreement, and accordingly that agreement has terminated. Sasquatch intends to focus its efforts on the remaining 5 claims comprising the Mount Sicker Property covering a total area of approximately 1,805 hectares, including in particular the mineral claim covered by the Tyee Agreement, where most if not all of the waste rock and tailings on the property are located, as further described by Sasquatch in its September 11, 2023 news release. As noted in that news release, Tetra Tech Canada Inc., a leading provider of high-end consulting and engineering services, has completed a preliminary review and memorandum outlining development options for reprocessing waste rock and tailings at the Mount Sicker property and concludes that a waste rock processing operation at Mount Sicker has the potential to be economically viable (see the September 11, 2023 news release for further details).

本公司已决定不履行MOUNT SFERER协议项下的两周年期权义务,因此该协议已终止。Sasquatch打算将重点放在其余5项索赔上,包括总面积约1,805公顷的芒特希尔山矿产,特别是包括Tyee协议涵盖的矿产索赔,正如Sasquatch在2023年9月11日的新闻稿中进一步描述的那样,该矿产上的大部分废石和尾矿都位于那里。正如新闻稿中指出的,利乐科技加拿大公司,一家领先的高端咨询和工程服务提供商,已经完成了初步审查和备忘录,概述了在芒特菲舍尔地产再处理废石和尾矿的发展选择,并得出结论,在芒特菲舍尔进行废石处理作业具有潜在的经济可行性(有关详细信息,请参阅2023年9月11日的新闻稿)。

Sasquatch CEO, Pete Smith, commented, "We continue to be excited about our prospects at Mount Sicker. Work to date, including a detailed review of historical drill hole data and further geological prospecting, has made it clear to us that the very best prospect for Mount Sicker going forward lies with the possibility of engaging in the small-scale processing of waste-rock and near-surface mineralization. Deeper mineralization that occurs throughout the larger area does not appear to be prospective enough to warrant further work, especially given the expected difficulty we would have in permitting a full-scale mine. In dropping these peripheral claims, we save the company some upcoming cash and share payments, while still maintaining what we strongly feel is the very best and most prospective area, essentially the historical mining zone. This is the area containing the vast majority of waste-rock from previous mining activities, as well as the highly mineralized and near-surface occurrence where we have focused recent back-pack drilling. Please refer to our recent press release from September 11 for more detailed information about the waste-rock and surface mineralization in this area. In addition to having some highly interesting grades of copper, gold, silver and zinc in the waste-rock and in the ground at or near surface, this area also has what we feel are the best prospects for permitting, given that small-scale processing should be relatively discrete and that the area has been badly scarred by historical mining activities, and would greatly benefit from a remediation plan which would almost certainly be a part of any future mining or processing permit."

大脚野人首席执行官皮特·史密斯评论说:“我们继续对我们在芒特希尔山的前景感到兴奋。迄今为止的工作,包括对历史钻孔数据的详细审查和进一步的地质勘探,向我们清楚地表明,Siser山未来的最好前景在于从事废石和近地表矿化的小规模处理的可能性。在整个较大范围内发生的更深矿化似乎没有足够的前瞻性来保证进一步的工作,特别是考虑到我们在允许全面开采矿山方面预期会遇到的困难。通过放弃这些外围索赔,我们为公司节省了一些即将到来的现金和股票支付,同时仍保留了我们强烈认为是最好和最有前景的地区,基本上是历史矿区。这是一个含有绝大多数以前采矿活动产生的废石的区域,以及我们最近重点关注的背包钻探的高度矿化和近地表产状。请参考我们最近于9月11日发布的新闻稿,了解更多关于该地区废石和地表矿化的详细信息。除了在废石和地表或接近地表的地下拥有一些非常有趣的铜、金、银和锌,我们认为这一地区也有最好的许可前景,因为小规模的加工应该相对独立,而且该地区已经被历史采矿活动留下了严重的伤痕,几乎可以肯定的是,补救计划将成为未来任何采矿或加工许可的一部分。

About the Company

关于本公司

Sasquatch Resources Corp. is a mineral exploration company focused on its Mount Sicker Property in southern Vancouver Island, British Columbia. For further information, please refer to the Company's disclosure record on SEDAR+ () or contact the Company by email at psmith@sasquatchresources.com or by telephone at 778.999.7030.

大脚野人资源公司是一家矿产勘探公司,专注于其位于不列颠哥伦比亚省温哥华岛南部的斯菲尔山庄。欲了解更多信息,请参考公司在SEDAR+()上的披露记录,或通过电子邮件psmith@sasquatchresource ces.com或电话778.999.7030与公司联系。

On Behalf of the Board of Directors

我谨代表董事会

Peter Smith
Chief Executive Officer
778.999.7030

彼得·史密斯
首席执行官
778.999.7030

Forward-Looking Information

前瞻性信息

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Mount Sicker Property, the proposed work program on the Mount Sicker Property and the potential and economic viability of the Mount Sicker Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

本新闻稿中的某些陈述是前瞻性陈述,包括关于未来计划和其他事项的陈述。前瞻性陈述包括非纯粹历史性的陈述,包括有关对未来的信念、计划、期望或意图的陈述。这样的信息通常可以通过使用诸如“可能”、“预期”、“估计”、“预期”、“打算”、“相信”和“继续”或其否定或类似变体的转发措辞来识别。读者请注意,在准备任何前瞻性信息时使用的假设可能被证明是不正确的,包括与公司关于勘探和开发芒特瑟尔物业的业务计划、关于芒特菲舍尔物业的拟议工作计划以及芒特菲舍尔物业的潜力和经济可行性有关的假设。由于许多已知和未知的风险、不确定性和其他因素,包括但不限于商业、经济和资本市场状况、管理运营费用的能力以及对关键人员的依赖,许多因素不是公司所能控制的,事件或情况可能导致实际结果与预期大不相同。这些陈述和信息是基于对目前和未来的业务战略以及公司未来的经营环境、预期成本和实现目标的能力的许多假设。可能导致实际结果与前瞻性陈述中的结果大不相同的因素包括:资本和融资的持续可获得性、诉讼、交易对手未能履行其合同义务、关键员工和顾问的流失以及总体经济、市场或商业状况。本新闻稿中包含的前瞻性陈述明确地受到本警示性声明的限制。提醒读者不要过度依赖任何前瞻性信息。

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

本新闻稿中包含的前瞻性陈述是在本新闻稿发布之日作出的。除法律另有规定外,公司没有任何意图,也没有义务更新或修改任何前瞻性陈述,无论是由于新信息、未来事件或其他原因。

The CSE has not reviewed, approved or disapproved the contents of this news release.

CSE没有审查、批准或不批准本新闻稿的内容。

To view the source version of this press release, please visit

要查看本新闻稿的源版本,请访问

译文内容由第三方软件翻译。


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