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New Listing: Sassy Resources (CSE:SASY)

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Sassy Resources Corporation is an exploration stage resource company currently engaged in the identification, acquisition and exploration of precious metal and base metal resources in Canada. Its current focus is on the Foremore Property located in the Eskay Camp region of Northwestern British Columbia, within the Liard Mining Division.

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Additional Information:

Company: Sassy Resources Corporation
Website: http://www.SassyResources.ca
Stock Symbol: CSE: SASY
Date Published: Aug 19, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Sassy Resources, an exploration stage resource company, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “SASY”, following its spinout Enduro Metals Corporation on February 18, 2020.

As part of the spinout, the company received two properties: the Foremore Property in British Columbia and the Nicobat Property in Ontario.

Its current focus is on the Foremore Gold-Silver Project which consists of 35 mineral claims covering 146 square kilometers of high-grade gold-silver targets in the Eskay Camp district in the heart of Northwest B.C.'s prolific Golden Triangle

In order to acquire a 100% interest in the Foremore property, Sassy will pay $300,000 and issue 1,250,000 shares staged over 4 years, and incur expenditures of $1.2 million staged over 5 years, subject to a 3% NSR.

Access to the property is by helicopter from the Bob Quinn Lake Airstrip.

An access road to the adjacent Galore Creek project from Highway 37 is planned by the Galore Creek Mining Association, which will cross the northern part of the property.

Although its route has been surveyed and cleared during the summer of 2019, the scheduled completion date is currently unknown.

The history of exploration in the area of the Foremore property extends for over 30 years and is listed in detail in the company’s NI 43-101 Technical Report.

In 2019, Sassy completed an exploration program consisting of prospecting, mapping and sampling. Prospecting focused on areas that have recently been made accessible due to the rapidly receding glaciers and resulted in the discovery of the Toe Showing.

A total of 574 samples were collected from across the property and analyzed for gold, silver, copper. Lead and zinc.

Significant assay results include sample 1291684 from the Toe Showing with 19% zinc, 17.5% lead and 4.53 grams per tonne gold, and sample B0020958 from the SG Showing with 12.5% zinc, 6.8% lead and 12.8 grams per tonne gold and sample 1291751 also from the SG Showing with 11.2% zinc, 8.5% lead and 12.8 grams per tonne gold.

Mark Scott, CEO, stated: "On behalf of the Board of Directors and Executive Officers of Sassy Resources, I am very pleased Sassy has received final listing approval from the CSE. This is a significant milestone in the development of the Company and supports the execution of our capital and operations strategy moving forward. I am equally pleased that Sassy has initiated its maiden exploration program at the Foremore Gold-Silver Project, with Phase I of a planned two-phase drilling program for 2020 having started on July 20. Sassy looks forward to sharing more detail about the exciting Foremore Gold-Silver Project and the initial results of our work in the weeks ahead. Since May we have raised approximately $3.5 million at hard dollar prices of 25 cents (May) and 30 cents (July) per share to execute at Foremore and prepare for fall/winter activity elsewhere. As the name suggests, Sassy is going to be lively, bold and full of spirit."

The shares are trading at $0.47, with approximately 29 million shares outstanding, including 10 million held by Enduro Metals.

For more information, please visit the company’s website www.SassyResources.ca, contact Mark Scott, CEO, at 604-833-6999 or by email at info@SassyResources.ca.

I’m Megan Edwards for Investmentpitch Media