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Sassy Outlines Large New Target Area in Heart of Central Newfoundland Gold Belt

VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce…

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VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Sassy Resources Corporation (“Sassy” or the “Company”) (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce 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.

Mr. Ian Fraser, PGeo, Sassy VP Exploration, remarked, “We’ve opened up a very broad new area for potential new high-grade gold discoveries in the heart of the under-explored Central Newfoundland Gold Belt. Extensive soil work, never previously carried out at Mt. Peyton, has returned significant anomalies, especially considering the generally thicker tills at Mt. Peyton vs. our other early-stage discovery at Gander North. These soil anomalies at the Golden Horseshoe target closely correlate with very distinctive magnetic features. We will tighten up the grids as we vector toward a mineralizing source.

Mr. Fraser added, “The large egg-shaped Mt. Peyton Property is made up of a granite intrusive surrounded by gabbro. It is conceivable given the location of the Mt. Peyton Property relative to recent gold discoveries within the Gander Gold Belt that the granite intrusive is a possible heat engine which provided an impetus for gold to mobilize in deep-rooted, favourable structures.”

Setting

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.

Golden Horseshoe Target Highlights:

  • 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 97.5 th 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 97.5 th 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.

Comments From Shawn Ryan, “The Prospector” & Sassy Technical Advisor:

“The Mt. Peyton Project was staked based on two key fundamental principles for gold exploration on the island: 1) Gabbros are very important – they are a highly favorable brittle reactive host rock; and (2) Regional structures are also key, and the regional magnetic lineaments we’re so excited about at Mt. Peyton confirm that these structures are present.

“The first pass soil program directly targeted the regional magnetic low lineaments running through the Mt. Peyton gabbro. Soil lines were placed at 90 degrees to the regional structure patterns and sampled at 25-meter station spacing on 500-meter line spacing. The program was designed to see which structures might light up.

“The results are better than expected or at least what we had hoped to find in our first pass work. The southern structure outlined the longest most continuous trend with three separated grids, each 2.5 km long that sporadically covered 16 km of a 20 km magnetic low structure with all three grids indicating anomalous gold values from line to line. This is exactly what Sassy was looking for, a kilometer scale anomalous structure that can quickly be followed up with more detailed soils that will lead us directly to drill targets later this year.

“I look forward to a comprehensive structural interpretation of the Mt. Peyton setting and this next phase of work at the Golden Horseshoe target as this is when new discoveries are made.”

Maps – Mt. Peyton Gold & Copper Soil Sampling Results (5,790 Samples Reported)

Quality Assurance / Quality Control

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 Mt. Peyton, the current assay database consists of 4,119 C-horizon soil samples and 1,671 B-horizon soil samples. As stated, the results reported in this News Release are comprised of the combined C and B-horizons. The Company’s final interpretation of all Mt. Peyton 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. (Bureau Veritas) 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 (method AQ201). GroundTruth Exploration crews took a field duplicate every 25 th 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.

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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.

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, base metal and uranium projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle, the Central Newfoundland Gold Belt where Sassy is one of the district’s largest landowners, and the recently acquired Highrock uranium project in the Key Lake region of Saskatchewan’s Athabasca Basin.

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
[email protected]

Terry Bramhall
Sassy Resources – Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
[email protected]

In Europe:

Michael Adams
Managing Director – Star Finance GmbH
[email protected]

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/683483/Sassy-Outlines-Large-New-Target-Area-in-Heart-of-Central-Newfoundland-Gold-Belt


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Precious Metals

“This Sucker’s Going Down…”

"This Sucker’s Going Down…"

Authored by MN Gordon via EconomicPrism.com,

By now, anyone with half an inkling of curiosity about why prices…

“This Sucker’s Going Down…”

Authored by MN Gordon via EconomicPrism.com,

By now, anyone with half an inkling of curiosity about why prices and values don’t add up has traced the divide back to the money itself.  It’s not hard to see.

Asset prices, like houses and the major stock market indexes, have lost all visible connection with the underlying economy.  However, wage growth has stagnated; over the last 40 years low level wages have only increased by $0.32 per hour in real inflation adjusted terms.  Stocks and residential real estate, at the same time, have gone to the moon.

Even with the NASDAQ’s 11.2 percent decline from its all-time closing high set on November 19, the index is still up over 110 percent from its March 2020 low.  What will it take for the NASDAQ to crash back to earth?

Something else that has gone to the moon is government debt.  In 1980, the national debt was $908 billion.  Today it’s over $29.8 trillion.  That’s an increase of over 3,181 percent.  Over this time, however, gross domestic product (GDP) has only increased 632 percent – from $2.86 trillion to $20.94 trillion.

Of course, these are merely the facts and figures.  The effects to countless Americans are hard to measure.  But, by and large, the last 40 years have been a great disappointment for the American worker – and an absolute boon for the political elites.

In addition to asset prices and government debt, social discontent has also gone to the moon.  Here in the LA Basin, for example, some of America’s most resourceful fellows have taken to emulating the corruption found in Washington and on Wall Street.  They’re looting stores and plundering freight trains as a matter of business.  Daring professions like these flourish when hard work and playing by the rules no longer pays.

What’s really going on…

Spineless Money

To begin, the nation, in nearly every aspect, is failing.  Such is the fate of nations who adopt spineless money.  More specifically, as 20th century currency analyst Franz Pick observed:

“The fate of the nation and the fate of the currency are one and the same.”

We’ve seen that spineless money is synonymous with spineless nations.  Nero’s Rome.  Revolutionary France.  Weimar Germany.  1980s Argentina.  Zimbabwe.  You name it…

Once a country’s economy and finances have been corrupted by fiat the fate of the nation is doom and disaster.

Yet it didn’t have to be this way.  A balanced budget.  Stable currency.  Limited government.  Industrious populace.  Personal responsibility.  Rule of law.  Commonsense.  These, and similar sensibilities, would have prevented all the wild moonshots.

Instead, we got lies, corruption, teachers unions, arbitrary rules, monster debt, Anthony Fauci, fake money, woke, and a dependent populace. 

Abhorrence like these, again, go back to the money…

Management of a spineless currency by central planners always falls to frequent debauchery…followed by short episodic periods of crushing austerity.  The central planners never seem to get it right.  Their extreme intervention lurches the economy from boom to bust.

Now they’ve done it again…

In advance of the Federal Reserve’s forthcoming rate hikes, the yield on the 10-Year Treasury note eclipsed 1.8 percent.  This is the highest its been since January 2020 – two months before the federal government declared a national emergency on coronavirus.

At the same time, the 2020 and 2021 fiscal year deficits, which covered much of the coronavirus period, were a combined $5.9 trillion.  Much of this was financed via printing press money from the Federal Reserve.

The Greatest Crackup the World’s Ever Known

Should it be any surprise that consumer prices, as measured by the consumer price index (CPI), are increasing at an annualized rate of 7.0 percent – or over 15 percent when using 1980s calculation methods?

More importantly, do you really think hiking the federal funds rate 50 basis points is going to cut it?

This may cause a tantrum on Wall Street, but it won’t do much to control raging consumer price inflation…

Let’s be clear, consumer price inflation has nothing to do with rising prices or greedy corporations.  But it has everything to do with declining money.  This can’t be said enough.  When the quantity of money goes up, the value of each money unit goes down.

The systematic destruction of the dollar has been compounding for over 107 years; since the passage of the Federal Reserve Act in 1913.  And it has been going on in earnest since President Richard Nixon closed the gold window in 1971.

But that’s not all that has been going on…

The plundering, corruption, and lies of public officials are criminal.  Federal Reserve Presidents have been buying and selling stocks to front run their market swinging policy decisions for years.  Members of Congress have long been trading off insider information related to their legislative wheeling and dealing.

Indeed, the fate of the nation and the fate of the currency are one and the same.  We’re headed for complete financial, moral, and political collapse.  But it’s not all bad…

You can count your blessings.  You have front row seats for the greatest crackup the world’s ever known.  The dollar’s doomed.  The nation is too.

…and the rush to silver and gold has only just begun.

*  *  *

This sucker’s going down.  Right now, in real time.  It’s happening.  And it ain’t pretty.  Moreover, your wealth and lifesavings are at extreme risk.  A traditional 60/40 stock to bond split will not provide the diversification needed to safely ride this out. There are, however, remarkably profitable opportunities to exploit the crackup and build geometric wealth.  At the Wealth Prism Letter that’s our aim.  Take a look, and join our burgeoning club of subscribers today!]

Tyler Durden
Mon, 01/24/2022 – 05:00








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Precious Metals

O3 Mining Intersects 12.0 g/t Gold Over 8.3 Metres

O3 Mining (TSXV: OIII) this morning provided the latest assay results from its ongoing drill programs in the Val-d’Or region
The post O3 Mining Intersects…

O3 Mining (TSXV: OIII) this morning provided the latest assay results from its ongoing drill programs in the Val-d’Or region of Quebec. The latest results come from three drill holes at the Kappa Zone of its Alpha Project.

Highlights from the drill program include:

  • O3AL-21-380: 12.4 g/t gold over 1.9 metres
  • O3AL-21-388: 12.0 g/t gold over 8.3 metres, 35.9 g/t gold over 1.1 metres
  • O3AL-21-391: 28.1 g/t gold over 0.9 metres

The firm is currently focused on increasing its resource estimate for the Kappa Zone, due to the proximity of a 1,600 tpd mill that the firm acquired an option to purchase in 2020 from GMX Gold. A 6,000 metre drill program is currently focused on the zone.

Elsewhere, the company this morning provided an update for its current drill plans for both its Alpha and Marban properties in the region. Between the two properties, a total of 73,000 metres in aggregate are planned for the winter drill season.

A total of 33,000 metres of drilling are planned for Alpha currently, with the remainder to be focused at the Bulldog deposit and Omega sector where the firm is also looking to expand known mineralization.

Marban meanwhile has 40,000 metres planned across the project, where the firm is focused on the completion of a pre feasibility study for certain deposits on the property, while greenfield exploration is planned for the remainder of the property. Marban is currently planned to enter production by 2026.

O3 Mining last traded at $2.03 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post O3 Mining Intersects 12.0 g/t Gold Over 8.3 Metres appeared first on the deep dive.


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Canada Silver Cobalt Intersects High-Grade Silver up to 6,188.43 g/t Ag with a Gold Equivalent of 74.67 g/t Au at Castle East

Excellent intercepts from the Big Silver Zone will contribute significantly to the upcoming resource update.

Coquitlam, BC – TheNewswire – January…

[nxtlink id=

Excellent intercepts from the Big Silver Zone will contribute significantly to the upcoming resource update.

Coquitlam, BC – TheNewswire – January 24, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce a continued expansion of its silver deposit at Castle East with excellent intercepts from the Big Silver Zone containing high-grade silver and cobalt grades. The drill results will be included in the planned resource update expected by the end of Q1 2022.

Drilling Highlights:

  • Big Silver intercept grading 6,188.43 grams per tonne (g/t) silver and 0.35% cobalt over 0.50m in hole CS-21-47 located 16m downdip from Big Silver’s discovery hole CS-20-39 that graded 89,853.00 g/t silver (See press release January 29, 2021).  

  • A second Big Silver intercept grading 2,509.41 g/t silver and 0.10% cobalt over 0.50m in hole CS-21-73, that is located an additional 20m downdip from the intercept in CS-21-47 noted above.  

Matt Halliday, President and Chief Operating Officer, commented: “Big Silver is living up to its name with the latest intercept of 6,188 g/t silver which has a gold equivalent of 74.67 g/t. We are especially encouraged by the 36m of total downdip extension; this type of continued expansion will be very important for our next resource update. In addition, we can’t wait to explore these structures further from underground after a ramp is constructed.”

The upcoming resource update will include Big Silver and several other high-grade veins intersected at the Castle East deposit during the 53,000 meters of drilling conducted since the last resource estimate was published in May 2020.

The Company is also well-advanced in the process of obtaining permits for a ramp down to the high-grade deposit in order to conduct underground exploration to further expand the deposit and also to access high-grade bulk samples that it can process into silver dore bars at its TTL bulk processing facility in nearby Cobalt, Ontario.  Discussions with the provincial government are underway, and baseline environmental studies are expected to be completed by mid-year with the permit application filed soon after.

Table 1: Sample Details

Hole ID

Zone

From (m)

To (m)

Length (m)

Ag (g/tonne)

AuEq (g/tonne)

Co (%)

CS-21-47

Big Silver

526.90

527.40

0.50

6188.43

74.67

0.35

CS-21-47

Big Silver

527.40

528.40

1.00

1076.08

12.98

<0.01

CS-21-73

Big Silver

512.50

513.00

0.50

2509.41

30.28

0.10

Note: Gold equivalent (AuEq) is based on USD $24.45 oz/ton Ag and USD $1,838.33 oz/ton Au calculated Jan. 20, 2022.

 

Ongoing drilling in the Castle East area is geared toward expanding the existing resource panels outlined in the Company’s maiden Resource Estimate reported in a news release May 28, 2020.  The resource estimate was the first ever in the Greater Cobalt Camp and identified zones 1A and 1B of the Robinson Zone with an average silver grade of 8,582 g/t (250 oz/ton) in a combined 27,400 tonnes of material for a total of 7.56 million Inferred ounces of silver using a cut-off grade of 258 g/t AgEq (mineral resources that are not mineral reserves do not have demonstrated economic viability). Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020 and a signature date of July 13, 2020.

Location

The Castle Property is located near the town of Gowganda and is located 80km W-NW of Temiskaming Shores, Ontario, Canada. It is also 15 km east of Aris Gold Corp’s Juby Gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.  

Qualified Person

The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO), President, COO and VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.

In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

CCW also has 39,017.96 hectares of electric vehicle (EV) battery metals exploration properties (containing nickel, copper and cobalt) with 15 properties in Quebec and 1 in Northern Ontario. Exploration is underway at the Graal massive sulphide formation in Northern Quebec. Drill core has been encouraging with initial XRF results up to 2.79% nickel and 25.68% copper in hole NRC 21 03; lab results are still pending.

Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates on site, a bulk processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver and battery metals. More information at www.canadasilvercobaltworks.com.

“Frank J. Basa”

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company’s Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company’s profile on SEDAR at www.sedar.com.

Copyright (c) 2022 TheNewswire – All rights reserved.

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