VANCOUVER, BC / ACCESSWIRE / May 14, 2021 / Sassy Resources Corporation is pleased to announce that through its subsidiary, Gander Gold Corp., the Company has expanded its Newfoundland property holdings from 1,381 sq.
The 3,503 newly acquired claims cover a large portion of the Mount Peyton Intrusive and Gabbroic Complex situated in between New Found Gold’s Keats Zone and Sokoman Minerals’ Moosehead discovery.
Mr. Ryan, a technical adviser for Sassy, commented: “The Mount Peyton Project represents a unique opportunity in that we have a large gabbroic intrusive suite that has seen limited historic exploration work, though numerous gold showings are documented.
Mr. Mark Scott, Sassy President and CEO, stated: “Given our group’s experience with an emerging instrusive hosted gold deposit in the Eskay Camp, Mount Peyton is a perfect fit for Sassy.
Sassy will pay to Ryan a total of 2,500,000 shares in the Company in annual installments of 500,000 shares per year, the first of which is payable upon approval of the agreement and then annually on the anniversary of the original BLT & Mount Peyton South in the years 2022 – 2025.
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.
Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title.