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Sassy Resources updates ongoing exploration work in BC and Newfoundland

Moving ahead, Sassy plans to re-deploy its prospecting team from the Foremore Project to several of its Gander Gold properties in Newfoundland once the field season at Foremore is complete. Prospecting will be carried out on outcropped areas of interest

Sassy Resources - Sassy Resources updates ongoing exploration work in BC and Newfoundland
The summer drill program has focused on mineralized quartz veins at lower elevations to the south and east of its 2020 discovery at Westmore

Sassy Resources (CSE:SASY) Corporation has released an exploration update for both of the company’s projects in Northwest British Columbia’s Eskay Camp and the Central Newfoundland Gold Belt. 

The diversified explorer noted that diamond drilling is ongoing at the Foremore Gold-Silver Project (BC) targeting the Westmore Discovery Zone within the larger 146 square kilometers (sq. km) project area. 

The summer drill program has focused on mineralized quartz veins at lower elevations to the south and east of the company's 2020 discovery at Westmore, and demonstrates the potential vertical extent of this system. 

READ: Sassy kicks off diamond drilling at Westmore Discovery Zone in its Foremore Property in British Columbia

Surface sampling and detailed geologic mapping are also being conducted with the goal of supporting both the drill program at Westmore and the ongoing interpretation of the controls on the mineralization within and around the Westmore intrusive. 

“While drilling continues at Westmore, crews are ground truthing multiple VTEM™ and magnetic anomalies identified in the preliminary data generated by the recently completed high resolution, deep penetrating 1,687 line-kilometer airborne VTEM™ Survey across the broader Foremore Property,” the company said. 

Sassy is awaiting the delivery of final data from this survey which was performed earlier in the 2021 field season. 

On the other side of the country, through its subsidiary Gander Gold Corporation, the company engaged in GroundTruth Exploration this past spring to spearhead a large-scale early-stage exploration program across its multiple project areas in the Central Newfoundland Gold Belt (CNGB). 

 In this region, Sassy controls 9,032 claims covering around 2,257 sq. km of prospective ground. 

“Approximately twelve thousand (12,000) soil and till samples from Gander North, Cape Ray II and Mount Peyton have been collected to date and submitted for assaying,” the press statement read. “The company is targeting C-horizon soils/till and will follow up initial results with deeper and more tightly spaced probe sampling aimed at testing the soil/bedrock interface where possible.” 

Assay results from this work are pending and will be released as they are received and preliminary interpretations are completed. 

Currently, a fixed-wing airborne mag/VLF geophysical survey is in progress across Sassy’s portfolio of Newfoundland properties. LiDAR surveys and airborne high resolution orthoimagery capture is also being conducted. 

"We are very pleased with the exploration progress being made in both BC and Newfoundland. At Foremore we continue to follow up on the exciting results generated during our first field season in 2020,” CEO of Sassy Resources (CSE:SASY) Mark Scott, said in a statement. “In Newfoundland we have launched an aggressive early-stage exploration program, which is already starting to generate targets for follow-up exploration, and we're only just scratching the surface of that very large land package.” 

Moving ahead, Sassy plans to re-deploy its prospecting team from the Foremore Project to several of its Gander Gold properties in Newfoundland once the field season at Foremore is complete. Prospecting will be carried out on outcropped areas of interest. 

On the corporate front, the Canadian exploration company said its subsidiary, Gander Gold Corporation closed a non-brokered private placement for $272,500 through the issuance of 1,090,000 special warrants priced at $0.25 per special warrant. 

Each special warrant is convertible into common shares of Gander at a date to be determined by the board of directors, but no later than two weeks after Gander becomes a reporting issuer. 

“Corporately, we are putting the elements in place to ensure the Gander Gold listing application process is as smooth and expeditious as possible,” Scott added. “Our new website has launched to positive reviews and is a valuable source of information for our current and prospective investors. All of which has been accomplished while maintaining focused control of our share structure.” 

He went on to say: “Overall, we are very pleased with the foundation we've built for the creation of real long-term shareholder value after just our first year as a public company."

Lastly, Sassy has commissioned a NI-43-101 technical report for the portion of the larger Gander North Project, which was optioned from Vulcan Minerals (TSX-V:VUL). The report is being drafted by Ronacher McKenzie Geoscience of Sudbury, Ontario.

 

Contact the writer at georgia@proactiveinvestors.com

Follow her on Twitter @MissInformd

 

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Sassy Resources targets new veins with diamond drilling at Westmore...

Sassy Resources (CSE:SASY) CEO Mark Scott joined Stephen Gunnion from Proactive with news that diamond drilling has commenced at the Westmore Discovery Zone in the southwest portion of its Foremore Property in Northwest British Columbia’s prolific Eskay Camp. Scott telling Proactive that...

on 30/7/21

4 min read