Sassy Drilling Builds Out Westmore Discovery with Widest Intercept to Date

Rhea-AI Summary

Sassy Resources Corporation (CSE:SASY, OTCQB:SSYRF) reported promising results from its first drilling at the Westmore target in Northwest B.C.'s Eskay Camp. A total of 1,662 meters were drilled across six holes, revealing a gold-silver-rich system with a large surface footprint. Notably, drill holes WM20-005 and WM20-003 confirmed a >100-meter extension of mineralization. The findings suggest significant potential for high-grade mineralization at depth, supported by a strong alteration signature. The company plans further drilling and advanced VTEM surveys to explore the extensive mineralization.

Positive

• Successful preliminary drilling results confirming a gold-silver-rich system.
• Drill hole WM20-005 showed a significant mineralized interval of 13.95 meters grading 0.68 g/t Au and 5.53 g/t Ag.
• Establishment of a strong alteration signature indicating high potential for further discoveries.
• Plans for additional drilling and high-resolution geophysical surveys to explore further mineralization.

Negative

• Drill hole WM20-004 did not replicate previously reported high-grade values, indicating inconsistency in mineralization.

VANCOUVER, BC / ACCESSWIRE / March 31, 2021 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY) (FSE:4E7) (OTCQB:SSYRF) is pleased to announce that final results from first-ever shallow drilling comprising 1,662 meters in six holes at the Westmore target in Northwest B.C.'s Eskay Camp confirm the discovery of a structurally controlled gold-silver-rich system with a large surface footprint, open laterally and to depth. Notably, preliminary analysis has now revealed that the Westmore intrusive (see March 17, 2021 news release) is Early Jurassic in age, aligning this grassroots discovery on the geological timeline with other significant, Jurassic-aged gold deposits in the prolific Golden Triangle.

Mr. Mark Scott, Sassy President and CEO, commented: "Westmore advanced last year from a little-known Eskay Camp prospect with no previous systematic exploration to an intriguing early-stage drilling discovery after just several months of work, an unusual pace of development. Results to date are extremely encouraging and will help immensely in guiding our follow-up drill program this summer. We have drill tested just a fraction of the area of interest at Westmore, and not even our thickest vein identified at surface, given time limitations last fall. However, we have collected over 2,000 valuable data points, information that positions our team to now hone in on the source of the extensive high-grade mineralization sampled at surface.

"In addition, we have contracted Geotech Airborne Geophysical Surveys to carry out the first high resolution/deep penetrating VTEM survey at Westmore as soon as weather conditions allow. This state-of-the-art survey will be carried out across the entire 146 sq. km Foremore Property where there are also multiple VMS-style corridors (More Creek plus Hanging Valley) with potential for massive sulphide accumulations from near-surface to depths exceeding 300 meters."

Latest Westmore Drill Hole Highlights:

• Drill holes WM20-003 and WM20-005 intersected multiple quartz stockwork zones including the widest mineralized interval of this initial program, 13.95 meters grading 0.68 g/t Au and 5.53 g/t Ag starting just 16.15 meters downhole (3.60 g/t Au and 22.7 g/t Ag over 1 meter near the bottom of this zone) in drill hole WM20-005;
• WM20-003 and WM20-005 confirm a >100-meter extension along strike of quartz vein hosted gold-silver mineralization sampled on surface and intersected in previously released drill holes WM20-001 and WM20-002 (including 14.20 g/t Au and 22.6 g/t Ag over 0.90 meters in WM20-002);
• WM20-005 was terminated in a zone of quartz stockwork that hosts an interval of very anomalous gold-silver mineralization from 291.90 meters to 301.50 meters, demonstrating the potential for high-grade gold-silver mineralization at depth within the Westmore system.

Mr. Ian Fraser, Sassy VP-Exploration, commented: "Ongoing interpretation of results received to date has defined a very strong Pb-Te and Bi alteration halo/signature associated with the gold-silver mineralization at Westmore. What is highly encouraging is a repeat of this alteration signature at significant drill hole depths in WM20-002 (several vein swarms below 210 meters downhole) and WM20-005 (below 220 meters downhole), indicating strong potential to intersect high-grade gold and silver mineralization along strike at these depths and very possibly below these drill hole depths.

"Galena (Pb) has been recognized to be directly associated with high-grade gold and silver intercepts on surface and in drill holes, and galena is a very significant component within these deep alteration halos. Like galena, higher levels of tellurium correspond to higher gold and silver intercepts and tellurium is significantly present within these deep alteration halos," Mr. Fraser concluded.

Significant Drill Hole Intercepts from First-Ever Westmore Drilling

Drillhole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)
WM20-001	9.45	16.15	6.70	0.52	0.81
Including	15.00	16.15	1.15	2.89	2.55
Including*	15.80	16.15	0.35	6.35	2.49
WM20-001	33.05	37.55	4.50	0.91	1.78
Including*	35.80	36.40	0.60	6.53	11.90
WM20-001	46.70	47.60	0.90	0.78	86.40
WM20-002	17.50	18.80	1.30	2.10	1.42
Including	17.50	18.30	0.80	3.35	2.14
WM20-002	42.70	45.00	2.30	5.61	9.07
Including*	42.70	43.60	0.90	14.20	22.60
WM20-002	132.00	135.05	3.05	1.50	4.32
Including*	134.45	135.05	0.60	7.56	13.10
WM20-002	171.50	172.65	1.15	1.04	0.62
WM20-002	250.20	255.05	4.85	0.12	1.71
Including	250.20	250.70	0.50	0.62	11.60
WM20-002	269.85	270.40	0.55	0.26	11.10
WM20-003	12.25	21.05	8.80	0.42	2.81
Including	12.70	13.20	0.50	0.67	10.70
Including	20.25	21.05	0.80	3.35	14.20
WM20-003	202.05	202.45	0.40	0.51	9.58
WM20-004	51.30	52.25	0.95	0.20	4.18
WM20-004	96.20	98.45	2.25	0.21	0.25
WM20-004	103.10	103.50	0.40	0.35	1.20
WM20-005	16.15	30.10	13.95	0.68	5.53
Including	17.15	17.65	0.50	4.38	5.48
Including	27.00	30.10	3.10	2.02	21.43
Including	27.00	27.90	0.90	2.60	44.30
Including	28.45	29.45	1.00	3.60	22.70
WM20-005	256.35	256.85	0.50	1.04	2.74
WM20-006	75.55	76.50	0.95	0.17	0.44
WM20-006	111.20	111.80	0.60	0.16	0.40
WM20-006	305.30	305.70	0.40	0.30	1.77

Notes:

WM20-001 and WM20-002 were previously released (refer to February 5, 2021 news release).

*Denotes visible gold (VG) observed in drill core.

Drill hole intercepts are core lengths - true widths are unknown at this time.

WM20-004 was the only drill hole designed to test a vein, initially discovered in 2019, hosted within the mafic volcanic unit that sits atop the Westmore intrusive. The drill hole intersected the targeted vein approximately 40 meters below surface but failed to replicate the results as reported by 2020 follow-up surface sampling (values of 0.046 to 101 g/t Au and up to 1,510 g/t Ag over a 100-meter strike length). Additional drilling is required to outline the size, shape and dimensions of the high-grade zones or shoots within this vein.

WM20-006, completed from the same platform as WM20-004 but drilled to the southeast, intersected three zones of quartz veining/quartz stockwork within the mafic volcanic unit that were anomalous in gold-silver, and zones of quartz stockwork within the Westmore intrusive anomalous in Au, Ag, Pb, Te and Bi, suggesting potential for higher grade gold-silver within these zones.

Table 2: Westmore Diamond Drill Hole Location & Orientation

Drillhole #	Easting NAD83	Northing NAD83	Elevation (ASL m)	Start Date	End Date	Azimuth (°)	Dip (°)	Final Depth (m)
WM20-001	378324	6325533	1537	19-Sep-20	23-Sep-20	184.4	-45	211.0
WM20-002	378324	6325534	1537	23-Sep-20	27-Sep-20	180.0	-60	304.5
WM20-003	378428	6325513	1505	28-Sep-20	05-Oct-20	180.3	-50	297.0
WM20-004	378222	6325718	1582	01-Oct-20	03-Oct-20	360.0	-50	197.0
WM20-005	378428	6325514	1505	05-Oct-20	10-Oct-20	180.0	-65	313.5
WM20-006	378222	6325712	1582	11-Oct-20	16-Oct-20	151.8	-50	339.5
Total Drilling (first-ever at Westmore)								1662.5

Drill Hole Cross-Sections (WM20-003 and WM20-005)

Drill Hole Cross-Section (WM20-001 and WM20-002)

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 all field and drill core samples collected during its 2020 exploration program. All samples were placed in clear plastic sample 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. Initially, in 2020, 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 fire assayed for gold by 50g fire assay fusion with atomic absorption finish (AAS), 48 elements by multi-element ICP-AES/IMS under 4-acid digestion. 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. Sassy changed this initial approach and requested a 500g split be obtained and that the pulverizer be washed with barren material between each sample. As above, under this procedure all samples were assayed for gold and 48 elements by multi-element ICP-AES/IMS under 4-acid digestion. In addition, Sassy 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 QA/QC protocol, check assays of MSALABS results in 2020 were performed at Actlabs laboratory in Kamloops, B.C. Within the group of samples selected for check assay, Sassy inserted several blanks and standards. At Actlabs, 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 was 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 for Ag, Cu, Pb, Zn were performed for Ag by 4-Acid ICP-OES technique. In early September Sassy made the decision to utilize Actlabs for all assay needs to the end of the 2020 exploration program and in doing so, maintained Sassy QA/QC protocol. 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 the Foremore Gold-Silver Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle.

Caution Regarding Forward Looking Statements

Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes "forward looking information", with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. 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. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.

Contact Info:

Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca

Terry Bramhall
Sassy Resources Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
terry.bramhall@sassyresources.ca

In Europe:

Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sassy Resources Corporation

View source version on accesswire.com:
https://www.accesswire.com/638395/Sassy-Drilling-Builds-Out-Westmore-Discovery-with-Widest-Intercept-to-Date

FAQ

What are the latest drilling results for Sassy Resources (SSYRF)?

Sassy Resources reported initial drilling results from the Westmore target, revealing a significant gold-silver-rich system with a >100-meter extension of mineralization.

What is the significance of the Westmore drilling results for SSYRF investors?

The drilling results demonstrate strong potential for high-grade mineralization, which could positively impact the company's future stock performance.

When will Sassy Resources conduct further drilling at Westmore?

Sassy Resources plans to execute follow-up drilling this summer to further explore the mineralization at the Westmore target.

What geophysical surveys will Sassy Resources conduct at Westmore?

Sassy has contracted Geotech Airborne Geophysical Surveys for high-resolution VTEM surveys across the 146 sq. km Foremore Property.

What were the gold and silver grades found in the latest drill holes by Sassy Resources (SSYRF)?

Drill holes WM20-003 and WM20-005 showed gold grades of up to 3.60 g/t Au and silver grades of up to 22.70 g/t Ag.