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Sassy Drilling Builds out Westmore Discovery with 300-Meter Step-Out

·11 mins read

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN/

VANCOUVER, BC, Oct. 13, 2020 /CNW/ - Sassy Resources Corporation ("Sassy" or the "Company") (CSE: SASY) is pleased to provide the following update on the Westmore high-grade gold-silver target as drilling continues at this new greenfield discovery at the company's 146 sq. km Foremore Project in Northwest B.C.'s prolific Eskay Camp.

Highlights:

  • In a 300-meter step-out to the northwest of the initial two drill holes (Oct. 8, 2020 NR), the fourth drill hole at Westmore (WM20-004) has intersected the mafic volcanic hosted 2019 high-grade discovery vein mapped at surface (Sept. 4, 2020 NR) at a vertical depth of 35 meters;

  • Notably, WM20-004, drilled at a shallow angle toward the north in the opposite direction of the first three drill holes, also intersected intrusive hosted quartz stockwork below the volcanics. WM20-004 was completed to a downhole depth of 197 meters with the quartz vein stockwork system interpreted to continue to depth and the north;

  • WM-20-003 (core length 297 meters) was drilled toward the south at a minus 50° angle from a platform 111 meters east of the set-up for the first two holes. This third hole further confirmed continuity to depth and along strike of the extensive vein system mapped at surface (visible gold was also noted in WM-20-003 as in the first two holes);

  • Disseminated pyrite with associated galena and lesser sphalerite were observed in the quartz veins/quartz stockwork in each of the first four drill holes;

  • Mineralization extends into the immediate wall rock at Westmore within an alteration halo that is typically strongly altered, consisting of increased silicification and carbonatization;

  • Preliminary geochemical analyses of initial surface sample results confirmed a strong gold and silver association in addition to a gold with galena association; furthermore, a gold-sphalerite association has also now been recognized;

  • 2020 mapping, prospecting and sampling has expanded the area of exposed surface mineralization at Westmore to 500 meters x 500 meters with 12% (nine) of the first assayed batch of 77 samples returning >20 g/t Au (see table below) with new results as high as 58 g/t Au and 1,481 g/t Ag.

Mr. Mark Scott, Sassy President and CEO, stated: "The advancement of Westmore, never previously drilled or systematically explored, is a credit to the Sassy team who pursued the first encouraging clues at surface. Drilling continues for as long as weather conditions allow. The system remains open in all directions including at depth where the extent of the quartz monzonite intrusion remains unknown."

Surface Sampling Returns More High-Grade Gold-Silver

Results received to date from surface sampling illustrate not only the high-grade potential at Westmore, but the robust distribution of gold occurring within the sampled quartz veins. Mapping and sampling at Westmore to date has defined sets of east-west trending, typically north dipping, quartz veins and quartz stockworks that on surface obtain widths up to two to three meters. These veins/stockworks occur primarily within the Westmore intrusive, overlying mafic volcanic rocks and locally within the adjoining volcanoclastic and argillite units.

Select Westmore Surface Sample Results (Top 25 of Initial Batch of 77)

Sample
Number

Easting

Northing

Elevation
(m)

Sample Description

Fire Assay
Au g/t

IMS-230
Ag g/t

C0012607*

378254

6325654

1578

chip, quartz vein, 4% galena, trace pyrite,
chalcopyrite, 10 specks VG

172.80

35.29

C0012606

378231

6325635

1578

grab, angular float-quartz vein, 3%
galena, 5% pyrite

58.00

1481.00

C0012511*

378227

6325743

1585

chip, quartz vein, trace pyrite

50.30

691.00

C0012624*

378328

6325515

1546

chip, quartz vein, 2% blebby galena,
trace pyrite

40.70

26.23

C0012804

378352

6325495

1540

chip, quartz vein, 3% galena

36.50

24.62

C0012623*

378335

6325517

1544

chip, quartz vein, 5% galena,
trace pyrite,
7 specks VG

27.40

27.03

C0012609

378278

6325656

1574

chip, quartz vein, 4% galena seam /
blebby galena, trace pyrite, specks VG

23.20

6.31

C0012507*

378348

6325494

1538

chip, quartz vein, trace blebs galena,
trace pyrite

20.80

9.85

C0012614

378335

6325519

1547

chip, quartz vein, 5% galena,
trace pyrite

20.50

37.82

C0012617

378321

6325516

1547

chip, quartz vein, 2% blebby galena with
trace pyrite

16.30

19.16

C0012801

378229

6325742

1582

angular float, 1% galena, trace
chalcopyrite

14.70

286.00

C0012608

378267

6325657

1580

chip, quartz vein, 3% galena in seam,
trace pyrite, chalcopyrite

13.40

10.58

C0012530

378323

6325516

1544

select grab, quartz vein, 5% galena blebs

9.22

54.23

C0012625

378302

6325539

1552

chip, quartz vein, 1% blebby galena, 1%
pyrite, trace chalcopyrite

8.91

298.00

C0012629

378409

6325731

1489

chip, quartz vein, 1% pyritic cubes

7.55

2.04

C0012615

378364

6325520

1538

chip, quartz vein, blebby galena, minor
malachite, trace chalcopyrite

6.49

7.38

C0012616

378379

6325496

1530

chip, quartz vein, 1% blebby galena, 3% pyrite

4.70

11.35

C0012502

378177

6325718

1585

select grab, quartz vein, minor chalcopyrite

4.56

111.00

C0012537

378509

6325583

1459

chip, quartz vein, no visible sulphides

4.12

11.20

C0012513

378204

6325836

1538

chip, quartz vein, 2-3% pyrite

3.96

14.81

C0012526

378318

6325746

1541

chip, quartz vein, trace pyrite

3.87

31.56

C0012506

378313

6325495

1545

select composite, quartz vein, minor galena,
trace pyrite

3.35

17.26

C0012610

378362

6325676

1534

chip, quartz vein, trace blebby galena and pyrite

2.31

6.18

C0012627

378369

6325521

1536

chip, quartz vein, 2% galena, 10%
disseminated pyrite

2.00

14.01

C0012626

378378

6325522

1537

chip, quartz vein, 5% galena seam, 3% pyritic cubes

1.54

37.82

*Previously released in verification by second lab; results in this table are from original lab. Additional metallic assays from this initial 77-sample batch are pending.

More than one-third (27) of the first 77 samples from a broad area at Westmore (2020) returned values in excess of 1 g/t Au. Assays are pending for an additional 700+ samples.

Mr. Ian Fraser, P.Geo., Sassy VP Exploration, commented: "What's impressive is the distribution of gold within these quartz veins sampled on surface and the fact that these veins contain very little associated sulphide mineralization even when high grades are present. Fifty-three of the 77 samples assayed 0.10 g/t Au or better, while the average for the 77 samples was 7.4 g/t Au and 46.6 Ag. Silver mineralization is equally as well distributed within the mineralizing system."

Sassy's approach to sampling the quartz veins has been to collect selective mineralized material from within the veins at multiple sampling stations along the strike of the individual quartz veins. Where widths allow, chip samples have been collected perpendicular to the strike of the quartz veins. Samples collected typically weigh 2-3 kg. They are selective by nature and values reported may not be representative of mineralized zones at Westmore.

Foremore Project Map

Sassy Resources Corporation: Foremore Gold-Silver Project (CNW Group/Sassy Resources Corp.)
Sassy Resources Corporation: Foremore Gold-Silver Project (CNW Group/Sassy Resources Corp.)

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.

Quality Assurance/Quality Control

Sassy implemented an industry-standard QA/QC program for the field samples reported in this news release that included the insertion of multiple blanks and standards. Samples were bagged in clear plastic 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 MSALABS preparation facility at Terrace, B.C., for gold and multi-element analysis. Initially, samples were crushed to 70% passing 2mm, split to 250g, and pulverized to a pulp with 85% passing 75 micrometres. Sassy changed this initial approach and requested a 500g split be obtained and that the pulverizer be washed with barren material between each sample. The pulps were then shipped to MSALABS laboratory in Langley, B.C., where they were all analyzed for 48 elements by multi-element ICP-AES/IMS under 4-acid digestion and 50g fusion fire assay with atomic absorption finish. Samples that reported Au values over 10 g/t were re-analyzed by the gravimetric method, and those with Ag values over 100 ppm were re-analyzed by ICP-AES ore grade methods. In addition, Sassy has requested MSALABS to perform a metallic screening assay on all gold results ≥10.0 g/t Au. In this process a 500g sample is screened to 106 micrometers. The entire (+) fraction is assayed while the minus (-) fraction is assayed in duplicate. Both fractions use fire assay techniques with gravimetric or instrumental finish. MSALABS is an accredited lab independent of Sassy Resources.

As part of Sassy QA/QC protocol, check assays of MSALABS results were performed at Actlabs laboratory in Kamloops, B.C. Within the group of samples selected for check assay, Sassy inserted several blanks and standards. Samples were crushed up to 80% passing 2mm, a riffle split of 500g was further pulverized to 98% passing 105 micrometres. Pulps were analysed for Au by fire assay (50g) with an atomic absorption finish. All fire assays exceeding 10 g/t Au were assayed by metallic screen (500g) sieved at 100 mesh (149 micrometres) with assays performed on the entire +100 mesh and 2 splits of the -100 mesh fraction. A final assay is calculated based on the weight of each fraction. In addition, a 58 element + S, multi-element, 4-Acid "Near Total" Digestion assay was performed by ICP-MS. Over-limit analyses were performed for Ag by 4-Acid ICP-OES technique. Actlabs is an accredited lab independent of Sassy Resources.

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 on the Foremore Gold-Silver Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle.

No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.

Sassy Resources: Lively, Bold & Full of Spirit (CNW Group/Sassy Resources Corp.)
Sassy Resources: Lively, Bold & Full of Spirit (CNW Group/Sassy Resources Corp.)

SOURCE Sassy Resources Corp.

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