SASQ) Supplies Replace on Its Mount Sicker Property

Vancouver, British Columbia – January 6, 2023 (Newsfile Corp.) (Investorideas.com Newswire) SASQUATCH RESOURCES CORP. (CSE: SASQ) (“Sasquatch” or the “Firm”) is happy to announce that it has acquired a subject report outlining numerous observations made by the Sasquatch geology crew in November 2022 on the Firm’s Mount Sicker Property in southern Vancouver Island, British Columbia.

As mentioned within the Firm’s final press launch of November 7, 2022, our geological crew hung out investigating topographical anomalies outlined by LiDAR, assessing structural and mineralization continuations, refining and flagging potential drill targets, and acquiring additional samples whereas infill mapping.

As anticipated, extra rock samples have been taken, and a few beforehand drilled core was additionally logged and despatched for evaluation. Drilled core despatched for evaluation was from 4 back-pack drill holes accomplished in early 2022, three drilled within the Historic Mining Zone, and one drilled on Battery Ridge, with every gap attending to a depth of roughly 5 meters. These holes have been drilled to check the depth and consistency of what seems to be substantial mineralization at floor in every case. Outcomes from all samples are anticipated in late January 2023, at which period a extra sturdy and definitive replace might be made accessible.

Within the meantime, the preliminary subject report has been made accessible on the Firm’s web-site at sasquatchresources.com. Just a few observations from the preliminary subject report are summarized beneath.

An extra bedrock geology map was developed exhibiting all of the zones of curiosity at Mount Sicker (together with these added when the Firm almost doubled its exploration declare space shortly after itemizing – see press launch dated Sept 16, 2022). This map is reproduced instantly beneath.

It was additionally famous from the sphere that intensive and steady bedrock publicity within the Copper Canyon Zone permits the crew to watch the character of compositional variations over a big thickness, with these observations actually being relevant to the Copper Canyon Zone, but in addition probably being relevant to different zones on Mount Sicker. Some pictures taken exhibiting a few of the bigger uncovered bedrock areas are reproduced beneath.

The crew additionally hung out within the Historic Mining Zone, Battery Ridge Zone and Rusty Rock Zone. Apparently, it was noticed that mineralization patterns and kinds confirmed some continuity throughout all these zones, which additionally shared frequent traits with Copper Canyon Zone mentioned above, and which might counsel a standard, steady system, or techniques, that run all through the whole space (that space probably corresponding with the world throughout the crimson circle in Determine 1 above). Photos taken from the sphere exhibiting these similarities are reproduced beneath.

Restricted geological mapping has began to help this principle, with some essential additional steps to happen within the spring. As soon as rock samples and drill core have been returned (anticipated in late January) it’s anticipated that any probably financial mineralization in floor showings could be additional adopted and mapped inside and between these numerous zones of curiosity, probably beginning to affirm the general measurement of a few of these developments. This work might be additional supplemented with extra backpack drilling at key places to check mineralization consistency to the primary 5 meters.

A whole listing of samples taken and lab analyzed at Mount Sicker since 2010 has been reproduced on our web site, and plenty of of these are additionally totally described in our NI 43-101 Technical Report dated Could 15, 2022 (“43-101 Report”), which can be accessible on our web site. Some highlights of samples taken from the Historic Mining Zone and the Copper Canyon Zone, which can have steady techniques between them and lengthening as far the Rusty Rock Zone, are reproduced beneath.

• Our 43-101 Report describes 27 samples taken at Lenora in 2011, throughout the Historic Mining Zone, returning common values of 5.44 % copper and eight.1% zinc.
• That very same sampling program took 4 samples from the Copper Canyon Zone, which averaged 3.4% copper.
• The 43-101 Report describes additional samples taken in 2020, with 3 samples taken from adits within the Copper Canyon Zone returning 12.9%, 18.5% and 18.65% copper respectively.
• In 2021, the writer of the 43-101 Report took 12 samples from Lenora, and 4 samples from Tyee (each being former mine websites throughout the Historic Mining Zone). These samples returned averages of 4.78% copper and 10.72% zinc (for Lenora) and a pair of.23% copper and 5.61% zinc (for Tyee).
• In the identical program, the writer took 2 new samples from the Copper Canyon Zone, which returned a median of 4.98% copper and 1.83% zinc.

*Readers are cautioned that there was inadequate exploration to outline a mineral useful resource on the property and that it’s unsure if additional exploration will consequence within the goal being delineated as a mineral useful resource.

Over the spring, we are going to proceed to map, observe and pattern floor occurrences in addition to backpack drill in sure key places, in hopes of additional understanding if these developments run over vital distances and constantly all through our quite a few respective zones of curiosity.

As we work to confirm and measure the tough dimensions of those numerous occurrences proper at floor, in addition to verify their mineral composition, we can even proceed to analyze deeper constructions (these mined between 1895-1906) utilizing accessible geophysical information, in addition to all of the historic information now we have accessible (i.e. historic drilling, audit/tunnel maps, previous MINFILE studies, and so on.). To this finish, The Firm has employed a knowledge gathering and evaluation specialist, and we predict a report from them in late January.

A map exhibiting the unique 5 zones of curiosity collectively, indicating the place new samples from late 2022 have been taken, in addition to exhibiting the placement of backpack drill holes from 2022, is reproduced beneath to higher exhibit the unfolding exploration image at Mount Sicker.

Additional updates might be offered as soon as assays from new samples taken and backpack drill holes have been returned, with these outcomes anticipated in late January.

Steps Accomplished Since Itemizing

We’re additionally happy to offer the next listing of milestones and accomplishments which have occurred since our itemizing date in September 2022, which have all probably added worth to the Firm and our property on Mount Sicker.

These embody:

• The addition of 1,232 hectares of recent claims adjoining the present declare space at Mount Sicker, making the whole venture space over 3,300 hectares, including quite a lot of extra MINFILE occurrences and potential areas and making this venture one of many largest steady declare packages ever assembled at Mount Sicker.
• In September the Firm constructed and launched a complete web-site, which incorporates an “Interactive Map” part permitting customers to tour every space of curiosity in nice element, offering detailed maps, pictures, drone footage from every space of curiosity, and the power to zoom out and in and see the venture from quite a few views.
• All identified lab-analyzed samples taken from numerous places throughout the Mount Sicker claims since 2010 have been compiled on a single desk, which has drastically helped the Firm focus time and efforts within the subject – this desk has been made accessible on the Firm’s web-site (throughout the “Interactive Map” space).
• The acquisition of information from a earlier TDEM geophysical survey, and the following inversion of that information by an unbiased geophysicist, who in flip offered a report which has been made accessible on the Firm’s web-site (within the “Experiences” part).
• A LiDAR survey of the whole declare space (authentic and prolonged declare space) was accomplished by Aeroquest Mapcon Inc. A pattern of LiDAR survey highlights, in addition to an evidence of its anticipated future makes use of, has been made accessible on the Firm web-site.
• Identification of quite a lot of areas of waste rock throughout the declare areas, seemingly every corresponding with one of many mines in operation between 1895-1906, and now we have began the method of ascertaining the amount and composition of those waste piles, in addition to any potential worth they may have. Extra info might be launched about these waste rock piles as extra is realized about them over the approaching weeks.
• Completion of a geological reconnaissance program in late November, the primary date Mount Sicker was accessible resulting from an unusually dry late summer time and corresponding hearth hazard closures, which is the topic of this press launch.
• A knowledge compilation and evaluation knowledgeable has been employed to look although all accessible historic information and full a report, in addition to present suggestions and additional steering together with work accomplished thus far by Sasquatch, with first suggestions anticipated in late January.

Pete Smith, the Firm’s CEO, commented that, “We’re extraordinarily happy with our progress over the primary 4 months of being a public firm. We have added nearly 40% to our declare space, procured and analysed some very helpful historic information, and made nice strides in understanding our geology so we are able to conduct future exploration efforts extra effectively. Better of all, we have finished all of it on a shoe-string finances, sustaining the vast majority of our treasury alongside the best way. I am actually very excited to see what we be taught from our bigger historic information compilation and evaluation, at the moment underway, and to get again our lab outcomes from sampling and backpack drilling. We look ahead to advancing Mount Sicker in leaps and bounds in 2023.”

Certified Individual

Graham Leroux, P. Geo., a “Certified Individual” for the aim of Nationwide Instrument 43-101, has reviewed and accredited the scientific or technical info included on this information launch. Mr. Leroux has verified the scientific or technical info, by reviewing all accessible information underlying such info, together with all the related historic and present exploration information. Primarily based on his evaluation, Mr. Leroux is of the opinion that all the historic and present information on this information launch was collected, accomplished, and supervised by competent personnel and seems to have been correctly finished and validated by repeat strategies. There have been no limitations on the information verification course of. Additional scientific or technical info on this doc respecting the Mount Sicker Property is predicated on an unbiased geological report titled “Technical Report for the Mount Sicker Property” (an NI 43-101 compliant report) dated Could 15, 2022 ready by Jacques Houle, P.Eng.

In regards to the Firm

Sasquatch Assets Corp. is a mineral exploration firm centered on its Mount Sicker Property in southern Vancouver Island, British Columbia. For additional info, please check with the Firm’s disclosure report on SEDAR (www.sedar.com) or contact the Firm by electronic mail at psmith@sasquatchresources.com or by phone at 778.999.7030.

On Behalf of the Board of Administrators

Peter Smith
Chief Government Officer
778.999.7030

Ahead-Wanting Info

Sure statements on this information launch are forward-looking statements, together with with respect to future plans, and different issues. Ahead-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the longer term. Such info can typically be recognized by way of forwarding-looking wording comparable to “could”, “count on”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the unfavourable thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking info could show to be incorrect, together with with respect to the Firm’s enterprise plans respecting the exploration and improvement of the Mount Sicker Property, the proposed work program on the Mount Sicker Property and the potential and financial viability of the Mount Sicker Property. Occasions or circumstances could trigger precise outcomes to vary materially from these predicted, on account of quite a few identified and unknown dangers, uncertainties, and different elements, a lot of that are past the management of the Firm, together with however not restricted to, enterprise, financial and capital market circumstances, the power to handle working bills, and dependence on key personnel. Such statements and data are primarily based on quite a few assumptions concerning current and future enterprise methods and the setting by which the Firm will function sooner or later, anticipated prices, and the power to realize objectives. Elements that might trigger the precise outcomes to vary materially from these in forward-looking statements embody, the continued availability of capital and financing, litigation, failure of counterparties to carry out their contractual obligations, lack of key staff and consultants, and common financial, market or enterprise circumstances. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking info.

The forward-looking statements contained on this information launch are made as of the date of this information launch. Besides as required by regulation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case.

The CSE has not reviewed, accredited or disapproved the contents of this information launch.

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