New Risk • Mar 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.08m market cap, or US$747.6k). Annuncio • Nov 13
Sassy Gold Corp. Announces Resignation of Richard Savage as Director Sassy Gold Corp. announced the resignation of Richard Savage as Director effective October 17, 2024. Mr. Savage will continue to support the Company in an advisory capacity. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Terry Coughlan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.7m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.83m market cap, or US$2.80m). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings have declined by 4.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.5m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.07m market cap, or US$2.27m). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Annuncio • Oct 28
Sassy Gold Corp., Annual General Meeting, Dec 27, 2023 Sassy Gold Corp., Annual General Meeting, Dec 27, 2023. New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.4m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.96m market cap, or US$3.62m). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Aug 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.60m market cap, or US$4.16m). Annuncio • Dec 07
Sassy Gold Corp., Annual General Meeting, Dec 28, 2022 Sassy Gold Corp., Annual General Meeting, Dec 28, 2022, at 11:30 Pacific Standard Time. Agenda: To consider to receive the audited financial statements of the Company for the financial year ended June 30, 2022, the auditor's report thereon and the management's discussion and analysis for the financial year ended June 30,2022; to fix the number of directors for the ensuing year at four (4); to elect directors of the Company for the ensuing year; to appoint Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the board of directors to fix the auditor's remuneration; and to consider to transact such other business as may properly come before the Meeting or at any adjournment thereof. Annuncio • Nov 01
Sassy Gold Completes 18 Drill Holes At Westmore Discovery Sassy Gold Corporation provide an update on its Westmore gold discovery at its 100%-owned Foremore Project in Northwest British Columbia's prolific Eskay Camp. Eighteen drill holes (3,740 meters) were completed at the Westmore Discovery Zone. This equals the combined total number of Westmore holes drilled in 2020-2021; Twelve of the 18 drill holes were designed and completed to add additional pierce points along strike and at depth along the 4-Amigo Vein from which very high-grade, near-surface drill intercepts were encountered in 2021; Drill holes were extended past the 4-Amigo Vein to intersect other known auriferous vein structures identified by previous drilling. Vein structures that precede the 4-Amigo Vein were also intersected by drilling; 2,420 drill core samples have been shipped to the lab with assays pending. Board Change • Jul 31
High number of new directors Independent Director Terry Coughlan was the last director to join the board, commencing their role in 2021. Annuncio • Jul 15
Sassy Resources Corporation announced that it has received CAD 3.63491 million in funding On July 14, 2022, Sassy Resources Corporation closed the transaction. The company announced that it has received CAD 404,750 through the issuance of 2,075,641 common shares in its second and last tranche. The round has been oversubscribed. The company received CAD 3,634,910 in the transaction. The company paid total finder’s fees of CAD 19,792.50 and 101,500 finder’s warrants for the second tranche to PI Financial Corp. The finder’s warrants are non-transferable and exercisable at a price of CAD 0.195 per warrant for 12 months from the date of issuance. All securities issued are subject to a four-month hold period pursuant to securities laws in Canada, which expires on November 14, 2022. Annuncio • Jul 05
Sassy Resources Corporation announced that it expects to receive CAD 3.2 million in funding Sassy Resources Corporation announced a private placement of 16,410,256 shares at a price of CAD 0.195 per share for the gross proceeds of CAD 3.2 million on July 4, 2022. The transaction will involve participation from new investors. The transaction is subject to final approval by the Canada Stock Exchange. The transaction does not involve any warrants. The transaction is expected to close by July 8, 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Director Richard Savage is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 06
Sassy Resources Corporation Significantly Expands Westmore High-Grade Gold-Silver Discovery in Eskay Camp Sassy Resources Corporation has significantly expanded the Westmore high-grade gold-silver discovery at depth and along strike with the highest grades yet from drilling at the Company's 100%-owned Foremore Project in Northwest British Columbia's prolific Eskay Camp, 30 miles northeast of the Eskay Creek mine. The last five drill holes at Westmore in 2021 each intersected shallow, high-grade mineralization (drill hole intersections are core lengths - true widths unknown at this time); Four of the last five holes returned visible gold and confirmed the continuation to depth of high-grade Au mineralization defined by 2020 surface sampling. The newly-named 4Amigos Vein has a strike length of 160 meters and is open for expansion to depth and along strike to the west and in particular along strike and downslope to the east; 55.2 g/t Au and 32.3 g/t Ag over 0.8 m within 1.5 m @ 26.6 g/t Au and 15.7 g/t Ag (WM21-014); 86.4 g/t Au and 41.6 g/t Ag over 0.7 m within 1.4 m @ 43.2 g/t Au and 20.8 g/t Ag (WM21-015); 26.3 g/t Au and 17.0 g/t Ag over 0.7 m within 2.2 m @ 8.4 g/t Au and 6.25 g/t Ag (WM21-016); 20.2 g/t Au and 19.3 g/t Ag over 0.8 m within 1.6 m @ 10.2 g/t Au and 9.8 g/t Ag (WM21-017); 503.0 g/t Ag over 1.0 m (WM20-18), 200 m south and 112 m below the 4Amigos vein; New discovery from channel sampling 600 m south and 300 m below the 2019 original surface discovery where a steeply dipping mafic volcanic hosted quartz vein, up to 7.7 m thick, is exposed over a distance of 130 m and is believed to continue underneath the glacier at the bottom of Westmore. A channel sample across this vein system returned 7.2 g/t Au and 230 g/t Ag over 2.0 m. This area of Westmore has yet to be drill-tested. 18 drill holes (4,168 m) completed to date at Westmore (6 in 2020, 12 in 2021) confirm the discovery of a structurally controlled gold-silver-rich system with a large surface footprint covering the Westmore granodiorite intrusive and surrounding country rock; 1,026 surface samples collected at Westmore by Sassy, mostly during 2020 and 2021, returned an average grade of 2.65 g/t Au. The top 50 samples averaged 43.16 g/t Au and 329.26 g/t Ag; 2021 geological mapping focused on defining the outer edge of the intrusive suggests that its widest point east-west is approximately 1 km. In a north-south direction the intrusives long axis also measures approximately 1 km. Its depth extent is unknown but beyond 400 m; A geochronology study has put the time of the emplacement of the Westmore intrusive at 189.6 Ma (Early Jurassic). Notable examples of gold deposits in the Eskay Camp of a similar age are Brucejack and Snip; Geochemically, the high-grade veins occurring in the intrusive and the encompassing mafic volcanic rock at Westmore are similar; The associated Au-Ag-Cd-Pb-Te-Zn geochemical signature is recognized in veins occurring within the mafic volcanic unit that flanks the west-northwest side of the Westmore intrusive and on the southeast side of the intrusive where mafic volcanic hosted and very steeply dipping quartz veins have a measured thickness at surface of up to 7.7 m; Importantly, this geochemical signature can be utilized to vector to potentially favorable quartz veins within the intrusive and surrounding country rock. Annuncio • Mar 04
Sassy Resources Corporation Commences Diamond Drilling at Highrock Uranium Project in Key Lake Region of Saskatchewan's Athabasca Basin Sassy Resources Corporation announced that diamond drilling has commenced at the Highrock Uranium Project in the Key Lake region of Saskatchewan's Athabasca Basin. Sassy signed a staged option agreement with Forum Energy Metals in January 2022 under which Sassy may acquire up to a 100% interest in Highrock. Sassy is funding the 2022 diamond drill program while Forum is acting as project operator. The Highrock Uranium Project is located just south and on trend of Cameco's Key Lake mine and mill site where over 200 million pounds of uranium was produced at an average grade of 2.3% U3O8 during Key Lake's mine life. The 2022 exploration is focused on the discovery of basement hosted mineralization similar to NexGen's Arrow deposit and Cameco's Eagle Point mine. Gravity surveys previously conducted by Forum at Highrock identified numerous gravity lows along a 10-kilometre-long graphitic conductor. These may be zones of alteration associated with uranium mineral deposits. Eight widely spaced drill holes by Forum in 2016 tested only six kilometres of the conductor while four kilometres at the southern end of the property remain untested as well as the strongest gravity low at the north end of the project. Zones of chloritization, bleaching, elevated boron and other pathfinder elements in the north and central areas of the conductor were detected by this initial drill campaign. 2022 Highrock Drill Program: Initial drilling will focus on the North target immediately south of Cameco's Key Lake mine claim boundary. Only one drill hole in 2016 (DDH HR-08) tested the south end of a very strong gravity low where the main conductor trends to the northeast. Weak alteration along a strong conductor was encountered in this hole, plus elevated uranium (8 ppm), vanadium (442 ppm), copper (421ppm), nickel (125 ppm), lead (46 ppm) and boron (116 ppm). Over one kilometre of this conductive trend and gravity anomaly to the northeast will be drilled. Targets have also been identified in the central and south areas of the property from DDH HR-06 to HR-07 and continuing four kilometres further to the southwest border of the property. Drill target selection will be refined as the program progresses until spring breakup or until the $1 million budget is spent under terms of the Sassy option agreement. Annuncio • Jan 28
Sassy Resources Corporation Identifies New Regional Gold Trend in Gander Gold Belt Sassy Resources Corporation announce that in addition to the highly prospective Viking target covering approximately 20 sq. km on the western edge of the 490 sq. km Gander North Project, initial soil geochemistry results received from additional areas of Gander North suggest the presence of previously unrecognized large regional structures with potential to continue along a northeast trend for greater than 40 km. Assay results from combined C and B-horizon soils highlight multiple northeast and east-northeast trending gold-in- soil anomalies in multiple zones covering the northern, central and southern portions of Gander North; Clusters of high-grade gold results for soils include 58 samples assaying between 50 ppb Au and 756.1 ppb, considered highly anomalous for Newfoundland, including 23 samples 107.3 ppb Au; Prospecting teams have collected multiple samples of mineralization in quartz and mineralization associated with quartz/quartz veining and country rock at Gander North . Preliminary soil sampling results from wide-spaced grid lines at Gander North prompted immediate follow- up by infilling with tighter grid line spacing . Infill lines have confirmed the anomalous trends. The Company will complement geochemistry results with LiDAR and MAG/VLF geophysical surveys when the balance of that work is completed this spring. Additional soil sampling and other exploration initiatives are expected to produce initial high priority diamond drilling targets later this year. Sassy defines gold-in-soil results 90th percentile as elevated and those samples 97.5th percentile as anomalous. Investors are reminded that the date of record for the Gander Gold share distribution to Sassy shareholders is Tuesday, February 1, 2022. Investors are advised to be aware of any settlement period which may apply to share purchases or the conversion of other Sassy securities prior to the February 1 record date. For example, a two-day settlement period may mean that shares purchased on January 28 are settled on Tuesday, February 1. Based on the current Sassy share structure, the distribution of 8,8333,333 Gander Gold shares represents a ratio of one Gander share for approximately every 5.8 Sassy shares owned. The final ratio for the distribution of Gander Gold shares will be determined by the number of Sassy shares issued and outstanding as of the date of record. Sassy Resources Gold Corporation contracted the services of GroundTruth Exploration to conduct soil geochemistry programs on all of Sassy's properties in Newfoundland. The preferred and targeted soil horizon for sampling is the C- horizon for all programs. Glaciation and till deposition are variable throughout the province of Newfoundland. This variation has a direct effect on the "local" depth to the C-horizon. GroundTruth crews utilize a Eijklcamp hand auger which is capable of collecting a soil sample to a maximum depth of 110cm. If the C-horizon soil is beyond the depth the auger can achieve, GroundTruth crews collected a sample from the B-horizon and noted this in the metadata collected at that particular sample site. At Gander North, outside of the Viking target, the current assay database consists of 2,171 C- horizon soil samples and 999 B-horizon soil samples. As stated, the results reported in this news release comprise the combined C and B-horizons. The Company's final interpretation of all Gander North soil results will distinguish and interpret the C and B-horizons individually and the merged C and B-horizons. For all Sassy programs, soil samples are collected at pre-determined sample locations, placed in soil sample bags and all metadata associated with a sample is recorded. Once sorted and logged, samples are shipped to Eastern Analytical in Springdale, Newfoundland, for sample preparation. At Eastern Analytical individual samples are dried and sieved and 15g splits are prepared and then shipped by courier to Bureau Veritas Commodities Canada Ltd. in Vancouver British Columbia for analyses. Eastern Analytical and Bureau Veritas are ISO /IEC 17025 certified laboratories and independent of Sassy Resources Corporation and Gander Gold Corporation. At Bureau Veritas the 15g splits are partially digested by aqua regia digestion and analysed for gold plus 36 additional elements by ICP-ES/MS . GroundTruth Exploration crews took a field duplicate every 25th sample and these field duplicates were inserted into the sample stream to monitor the quality of analyses for the soil sampling program. In addition to field duplicates, standards and a blank material was systematically inserted into the sampling stream for QAQC purposes. Annuncio • Jan 17
Sassy Resources Corporation Outlines Large New Target Area in Heart of Central Newfoundland Gold Belt Sassy Resources Corporation announced the discovery of multi-kilometer-long gold and copper-in-soil anomalies associated with a significant fold structure located in the southwest section of the 949 sq. km Mt. Peyton Project. The newly-named "Golden Horseshoe" target has never been previously drilled or systematically explored and is interpreted to have a potential strike length of at least 20 km. The Mt. Peyton Property is located between the Gander Gold Belt to the East, which hosts significant recent and ongoing gold discoveries by New Found Gold, Labrador Gold and others, and the Valentine Lake Shear Zone and associated structures to the west, which host the large Marathon Gold deposit and developing discoveries by Sokoman Minerals and others. Initial interpretation of combined C and B-horizon soils (5,790 total soil sample results) from Mt. Peyton highlights several gold and copper-in-soil anomalous trends covering multiple kilometers associated with a significant fold structure located in the southwest section of the property. The fold structure is very prominent in the available regional MAG data as is an apparent "hinge" within the nose of this fold; Gold-in-soil results are as high as 186 ppb Au, with values greater than 4.7 ppb Au constituting the 97.5th percentile and considered anomalous. The highest gold-in-soil value occurs in the fold nose area in gabbro. The second highest gold-in-soil value (132 ppb) also occurs within gabbro and within a grid designed to cover a northeast lineament/structure which parallels the gabbro/granite contact; Gold-in-soil results correlate extremely well with the broader fold structure and this interpreted hinge within the fold. Furthermore, gold-in-soil plus arsenic, copper and zinc correlates directly with the northern limb of the interpreted fold hinge; Copper-in-soil results are as high as 87.0 ppm, with values greater than 18.1 ppm Cu constituting the 97.5th percentile and considered anomalous; Detailed airborne Magnetics/VLF and LiDAR over the Mt. Peyton Project area were completed in 2021 and preliminary interpretation of this data is ongoing. Existing historic regional magnetic data clearly shows the magnetic low signature overlain by multiple groupings of significant gold and copper-in-soil results at the Golden Horseshoe target and elsewhere around the property; The aim of follow-up sampling and geological mapping is to extend and potentially connect these soil anomalies, leading to high priority potential drill targets. Recent Insider Transactions Derivative • Jan 06
CFO & Corporate Secretary exercised options to buy CA$73k worth of stock. On the 4th of January, Sean McGrath exercised options to buy 125k shares at a strike price of around CA$0.56, costing a total of CA$70k. This transaction amounted to 50% of their direct individual holding at the time of the trade. Since June 2021, Sean's direct individual holding has increased from 125.00k shares to 250.00k. Company insiders have collectively bought CA$348k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Sep 11
Sassy Resources Corporation Continues Drilling at Westmore Discovery Large-Scale Newfoundland Program Intensifies Sassy Resources Corporation provided an exploration update on the Company's projects in Northwest B.C.'s Eskay Camp and the Central Newfoundland Gold Belt. Foremore Gold-Silver Project Diamond drilling is ongoing at the Company's Westmore Discovery Zone within the larger 146 sq. km Foremore Project area. This summer's drilling has focused on mineralized quartz veins at lower elevations to the south and east of the Company's 2020 discovery at Westmore, demonstrating the potential significant vertical extent of this system. Surface sampling and detailed geologic mapping are being performed to support 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. Delivery of final data from this survey, performed earlier in the 2021 field season, is pending. Central Newfoundland Gold Belt Exploration Update Sassy, through subsidiary Gander Gold Corporation, engaged 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) where Sassy controls 9,032 claims covering approximately 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 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 are pending and will be released as they are received and preliminary interpretation is completed; A fixed-wing airborne mag/VLF geophysical survey is in progress across the Company's Newfoundland properties. LiDAR surveys and airborne high resolution orthoimagery capture is also in progress across the properties; 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 mapped during the Company's early-stage work; Sassy has commissioned a NI-43-101 technical report for the portion of the larger Gander North Project which was optioned from Vulcan Minerals. The report is being drafted by Ronacher McKenzie Geoscience of Sudbury, Ontario. Delivery of the report is pending and will support Gander's planned application to list on a Canadian exchange. The Company has completed the required assessment work and expenditures to use Vulcan Gander North as the "qualifying property" for its planned application to list on a Canadian exchange. Annuncio • Jul 15
Sassy Resources Corporation Mobilizes for Drilling at Westmore Discovery Sassy Resources Corporation announced that crews have mobilized for the start of 2021 drilling at the company's Westmore gold-silver discovery where a series of relatively shallow drill holes last fall confirmed that widespread surface mineralization in quartz vein swarms and stockworks extends to a vertical depth of at least 200 meters and remains open in all directions. Sassy is aggressively following up on this new grassroots discovery in Northwest B.C.'s prolific Eskay Camp while exploration crews are also preparing for a busy summer along the More Creek Corridor and Hanging Valley areas where upcoming results from a recently completed VTEM Survey will serve as an important guide. Phase 1 diamond drilling, beginning mid-July, will focus on the Westmore Discovery Zone and will be designed to test areas where 2020 surface sampling highlighted high-grade gold and silver values hosted in quartz vein swarms and stockworks that cut the Westmore Intrusive; 2019-2020 surface sampling at Westmore produced 860 surface samples with an average grade of 2.78 g/t Au. 145 of these samples (17%) were equal to or greater than 1.0 g/t and the top 20 surface samples from Westmore averaged 74.7 g/t Au and 574.7 g/t Ag; Sassy recently completed a 1,687 line-kilometer airborne VTEM Survey of the entire Foremore Property. Preliminary interpretation of the data generated by this high resolution, deep penetrating survey is ongoing; Phase 2 diamond drilling will be guided by VTEM results and will test several gold-silver plus base metal occurrences identified by Sassy in the More Creek Corridor, and the Hanging Valley area on the east side of the Foremore Property; Geological mapping and prospecting will continue at Westmore to define local controls to the gold-silver mineralization identified in 2020 and to define other gold-silver rich areas within the Westmore Intrusive. Annuncio • Jun 12
Sassy Resources Corporation Announces Exploration Crews Southwest Corridor of it's 100%-Owned Foremore Project in Northwest B.C.'s Eskay Camp Sassy Resources Corporation announce that as exploration crews southwest corridor of the Company's 100%-owned Foremore Project in Northwest B.C.'s Eskay Camp, a geochronology study completed by Dr. Kevin Chamberlain at the University of Wyoming has put the mineralizing event at Westmore within the same geological timeline as other deposits in the district and elsewhere in the broader Golden Triangle. 189.6 Ma is the interpreted age of the Westmore granodiorite intrusive, meaning it was part of a major Early Jurassic magmatic event that was also responsible for the epithermal gold mineralization at Brucejack, Snip, Red Mountain and Spectrum, and porphyry mineralization at KSM; The gold-bearing quartz veins from the Westmore discovery zone contain galena that overlaps in composition with the field of Jurassic-aged galena from the Eskay Creek mine, and these veins cross-cut the 189.6 Ma Westmore granodiorite; Age-dating of targets within the multi-km-long More Creek VMS system and the under-explored Hanging Valley area further to the east confirms the Foremore Property experienced at least two separate periods of mineralizing events ahead of the Westmore zone (327 Ma for More Creek and 377 Ma for the Hanging Valley). This helps explain the very distinct styles of mineralization at Foremore and will help guide geologists in their modeling of new discovery opportunities. Recent Insider Transactions Derivative • May 17
Director exercised options to buy CA$819k worth of stock. On the 14th of May, Richard Savage exercised options to buy 1m shares at a strike price of around CA$0.10, costing a total of CA$130k. This transaction amounted to 92% of their direct individual holding at the time of the trade. Since December 2020, Richard has owned 1.42m shares directly. Company insiders have collectively bought CA$207k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Mar 19
Sassy Resources Corporation Announces Update from Foremore Project in the Eskay Camp Sassy Resources Corporation announced that reprocessing of historic airborne magnetic data aligns with the interpreted margins related to the Westmore intrusive. The magnetic signature suggests the Westmore intrusive is possibly a much larger intrusive than previously believed at this discovery area in the southwest portion of the Foremore Project in the Eskay Camp. The area mapped and sampled by Sassy in 2020 covers approximately 500 meters north-south and 300 to 400 meters east-west, suggesting that approximately 70% of the Westmore intrusive remains to be mapped and sampled in detail; The outside boundary of the Westmore intrusive conforms to a sharp Mag high-Mag low gradient. The internal gradient configuration within the intrusive is possibly indicative of phases or structure within the intrusive; Discovery potential remains open in all directions and there is ample, immediate opportunity to extend the gold- silver mineralization identified in 2020 along strike to the east and locally outside of the intrusive and into the neighboring country rock; Exploration strategy in 2021 will be to identify controlling features within the quartz vein swarms that influence location of high-grade gold and silver mineralization and to understand what may be controlling the magnetic gradient within and on the periphery of the intrusive. Annuncio • Mar 14
Sassy Receives Drill Permit for Gander North Sassy Resources Corporation to announced that it has received permit approval from the province of Newfoundland and Labrador to undertake an exploration program including diamond drilling on the recently optioned Gander North group of claims. Approximately eight drill holes will be completed during a Phase 1 reconnaissance program to commence this spring as soon as conditions allow. Gander North is situated approximately 15 km northeast of New Found Gold's Keats Zone and is intersected by a major regional fault zone (GRUB Line). Notably, Gander North features high historic gold-in-till anomalies up to 2 g/t along its western and northern boundaries. These till anomalies are coincident with a series of magnetic lineament structures, yet no drilling has ever been carried out at this property. Sassy expects to release an update on its 100%-owned Foremore Project in the Eskay Camp during the second half of March, including final 2020 drill results from the Westmore gold-silver discovery. Is New 90 Day High Low • Feb 17
New 90-day high: CA$0.72 The company is up 1.0% from its price of CA$0.71 on 18 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is flat over the same period. Annuncio • Feb 06
Sassy Drilling Confirms Westmore Gold-Silver Discovery Sassy Resources Corporation announced that results from the first two drill holes have confirmed a new early-stage grassroots gold-silver discovery at the Westmore target, immediately southwest of an expanded 5-km-long system of precious metal-rich copper-zinc-lead mineralization at the Company's 100%-owned Foremore Property (146 sq. km) in Northwest B.C.'s rich Eskay Camp. Additional drill results are pending and the 2021 exploration season kicks off in March-April (weather permitting) with a airborne geophysical survey over the Westmore discovery and surrounding area. The two first-ever drill holes at Westmore, completed to vertical depths up to 225 meters, have intersected multiple gold and silver-bearing quartz veins and stockworks in WM20-001 and WM20-002 with individual drill core intersections returning up to 14.2 g/t Au and 86.4 g/t Ag; The abundance of mineralized veins with pockets of high-grade combined with critical pathfinder elements in drill core (consistent with features recognized on surface) and thick zones of quartz stockworks in drill core suggest the potential for a large orogenic style gold-silver deposit at Westmore; Never previously drilled or systematically explored due to ice and snow cover that has only recently receded, Westmore's current mineralized footprint after just five months of field work is 600 meters x 600 meters x 225 meters with the system open for expansion in all directions including at depth; Assay results for four additional drill holes from 2020 will be released after they are received, verified and interpreted; Gold and silver assay results for 759 surface rock samples collected immediately over the Westmore intrusive are illustrated on the inserted figures. One hundred and thirty (130) samples returned gold values ranging from 1 g/t Au to 157 g/t Au, and 56 samples returned silver values ranging from 30.7 g/t Ag to 1,510 g/t Ag; Highlights of sample results not previously released include 157 g/t Au and 83.5 g/t Ag (grab sample C0012933) and 101 g/t Au and 1,320 g/t Ag in a 0.10 m chip sample (C0012588). Is New 90 Day High Low • Jan 19
New 90-day low: CA$0.55 The company is down 44% from its price of CA$0.99 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period. Annuncio • Dec 19
Sassy Resources Corporation Provides Exploration Update Including Phase 1 Drill Results for Its 146 Sq. Km and 100%-Owned Foremore Project in Northwest B.C.'S Prolific Eskay Camp in the Heart of the Golden Triangle Sassy Resources Corporation provided an exploration update including Phase 1 drill results for its 146 sq. km and 100%-owned Foremore Project in Northwest B.C.'s prolific Eskay Camp in the heart of the Golden Triangle. Highlights are: Initial drilling by Sassy in 2020, detailed surface sampling and mapping along with geophysical surveys have significantly expanded the More Creek Corridor (MCC). High-grade, vein-hosted gold-silver mineralization in combination with precious metal-enriched base metal mineralization now spans a distance of 7 kilometers along the MCC. Additionally, current and historical data suggest the presence of multiple parallel, well-mineralized corridors exhibiting various styles of mineralization within the Hanging Valley area in the eastern portion of the larger Foremore Property; In follow-up to the successful drilling and geophysical surveys executed in 2020, the Company is planning a property-wide high-resolution airborne geophysical survey, the first of its kind at the Foremore Property, to be flown during the spring of 2021. The survey will provide important structural data, a base for continued mapping controls on base metal and precious metal mineralization occurring throughout the property. The objective is to prioritize 2021 drill targets and vector toward potential metal-rich feeder systems at depth where, for example, historic drilling at the Ryder Zone at the northern end of the MCC cut an 0.80-meter interval at 202.8 meters downhole that assayed 26.5 g/t Au, 85 g/t Ag, 8.6% Zn, 2.2% Cu and 1.28% Pb (drill hole FM04-32); and Preliminary interpretation of the Westmore Discovery Zone at the southwest end of the MCC supports the presence of a robust gold-silver vein system that's open in all directions including at depth, with the known surface footprint expanding by more than 100% to at least 600 x 600 meters (from previously reported 400 x 400m area). Geochemical analysis is ongoing to determine the genesis/age of this style of mineralization and its potential association with the VMS-like mineralization occurring to the northeast within the MCC. A deeper understanding of the genesis and chronology of these distinct mineralizing events will greatly aid advanced exploration at the Westmore discovery and across the broader Foremore Property. Shallow BRT Drilling Intersects Semi-Massive and Massive Sulphides In 7 Of 9 Drill Holes: Drill intersections at BRT, approximately 2 kilometers south of Ryder Showing and 3 km north of the emerging Toe Showing within the More Creek VMS-style system, include 8.05 meters of 4.35 g/t AuEq (FM20-01) beginning just 24.05 meters downhole. Individual narrower intersections assayed as high as 7.97 g/t Au (FM20-03), 453.00 g/t Ag (FM20-07), 11.82% Zn (FM20-01), 0.75% Cu (FM20-02) and 6.37% Pb (FM20-08); Two sub parallel zones of near-surface precious and base metal mineralization have been identified by Sassy at BRT over a strike length of 125 meters and both zones remain open in all directions; Secondary gold-enriched quartz veining was recognized overprinting VMS-style mineralization in drill holes FM20-03 and FM20-04; Sassy's drilling suggests the stratiform style semi-massive to massive mineralization is deepening along strike to the north at BRT as evidenced by drill hole FM-20-09 and remains open to the south as evidenced by drill hole FM20-08; Stratigraphic and geochemical similarities in mineralization occurring either at surface or at depth at the Toe, Foremore, BRT and Ryder showings, combined with successful testing of conductive response of More Creek VMS-style of mineralization, is leading to a valuable model for advanced exploration of this well-mineralized multiple target area. More work is required to determine whether these occurrences are connected at depth and potentially form one large system, or are individual bodies of mineralization in a "cluster" or "camp" as is often seen in VMS districts; Preliminary geochemical studies suggest that arsenic (As), cadmium (Cd), antimony (Sb), selenium (Se) and tellurium (Te) are important pathfinder elements at BRT that will be critical in the search for new mineralized zones across the property; Hanging Valley West and Hanging Valley East: The Hanging Valley, the eastern side of the Foremore Property, is defined by multiple precious and base metal showings over broad areas, and recent glacial retreat is aiding Sassy's exploration efforts in this under-explored part of the property where only a handful of historical drill holes have been completed. Sassy continues to review extensive data, recent and historical, with early interpretations highlighting at least two possibly separate horizons and the potential for VMS and other styles of mineralization. The Company looks forward to expanding on these interpretations in the near future. Pending Surface Sample and Drill Assay Results: Phase 2 drilling at the new Westmore Gold-Silver Discovery Zone comprised 1,662 meters in six holes. Assay results from Phase 2 drilling are pending as are hundreds of additional surface sample assays from across the Foremore Property. These results will be released as quickly as possible when the final QA-checked, multi-element assay results have been received and preliminary interpretation has been performed. Annuncio • Nov 12
Sassy Resources Corporation Appoints Terence F. Coughlan as Technical Advisor Sassy Resources Corporation announced the appointment of Terence F. Coughlan, P.Geo., as Technical Advisor to the Company. Mr. Coughlan, the founding CEO of producer GoGold Resources, brings a 36-year track record of success in mineral exploration, operations and corporate development to Sassy. Annuncio • Nov 06
Sassy Resources Corporation Appoints Terence F. Coughlan, P.Geo, as Technical Advisor Sassy Resources Corporation announced the appointment of Terence F. Coughlan, P.Geo., as Technical Advisor to the company. Mr. Coughlan, the founding CEO of producer GoGold Resources, brings a 36-year track record of success in mineral exploration, operations and corporate development to Sassy. Previously, he was Vice President and Director of Gammon Gold Inc., and Vice President and Director of Acadian Mining Corporation. Annuncio • Oct 14
Sassy Resources Corporation Provides an Update on the Westmore High-Grade Gold-Silver Project in Northwest B.C.'S Prolific Eskay Camp Sassy Resources Corporation provided 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, the fourth drill hole at Westmore (WM20-004) has intersected the mafic volcanic hosted 2019 high-grade discovery vein mapped at surface 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 with new results as high as 58 g/t Au and 1,481 g/t Ag. 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. 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. Annuncio • Oct 10
Sassy Resources Corporation announced that it expects to receive CAD 5 million in funding Sassy Resources Corporation (CNSX:SASY) announced a non-brokered private placement of 2,222,222 units at a price of CAD 0.90 per unit for gross proceeds of CAD 2,000,000 and 2,500,000 flow-through units at a price of CAD 1.20 per unit for gross proceeds of CAD 3,000,000 for aggregate gross proceeds of CAD 5,000,000 on October 8, 2020. Each unit will consist of one common share and one-half of one transferable warrant with each whole warrant exercisable at a price of CAD 1.25 for a period of two years provided that in the event that the closing price of the company’s shares on the Canadian Securities Exchange is CAD 1.75 or greater per Share during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, the warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day after the date on which the company provides notice of such accelerated expiry to the holders of the warrants and each flow-through unit will consist of one flow-through common share and one-half of one transferable warrant with each whole warrant exercisable at a price of CAD 1.50 for a period of two years. The transaction will include participation from strategic investors. The first tranche of this transaction is expected to close next week. All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada. Finders’ fees of 7% cash and 7% finders’ warrants may be payable to qualified parties. Annuncio • Oct 04
Sassy Resources Corporation Announces Vein Sets Recognized at Surface at the Westmore Gold Target Sassy Resources Corporation announced that vein sets recognized at surface at the Westmore gold target, including visible gold in quartz veins, have been intersected at depth in ongoing first-ever drilling at this newly-discovered gold-silver target. Westmore is part of the Company's 146 sq. km Foremore Project in Northwest B.C.'s prolific Eskay Camp. Over 800 chip, grab, and composite samples have been collected since July over a mapped exposed surface area of 400 meters x 400 meters with initial assay results confirming high-grade gold values in samples where visible gold was observed and not observed. Surface Sampling Returns 157 g/t Au In Metallic Check Assay: Assay results are now being received for sampled quartz veins occurring 100 meters to 300 meters south of the original surface discovery reported September 4, 2020. Preliminary assay and check assay results at Westmore have highlighted widespread high-grade gold mineralization hosted within quartz veins occurring within the Westmore granodiorite intrusive and the overlying mafic volcanic (basalt) rocks. Sassy's approach to sampling the quartz veins has been to collect selective mineralized material from within the quartz 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. Sassy is currently in the process of verifying and checking numerous initial high-grade gold values with follow-up Metallic assay processes. Visible gold was noted in samples COO12607 and COO12623 and the observation of visible gold resulted in positive gold grades. Equally impressive is the amount of gold occurring in samples C0012507 and COO12511 in which no visible gold was noted and observed galena and pyrite mineralization was described as trace to minimal. This implies that fine, not visible, gold also occurs in quartz veins within the Westmore intrusive and overlying mafic volcanic rocks in substantial
amounts. 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 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. Samples were crushed to 70% passing 2mm, split to 250g, and pulverized to a pulp with 85% passing 75 micrometres. 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 multiple check assays on coarse reject material utilizing a 500g split and to perform Metallic Screening analyses on all gold results 10.0 g/t Au. MSALABS is an accredited lab independent of Sassy Resources. As part of Sassy QAQC protocol, check assays of MSALABS results were performed at Actlabs laboratory in Kamloops BC. 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. Annuncio • Sep 26
Sassy Resources Corporation Auditor Raises 'Going Concern' Doubt Sassy Resources Corporation filed its Annual on Sep 22, 2020 for the period ending Jun 30, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 
