Business
Sasquatch Resources Executes Agreement to Acquire Mineral Claim on Quadra Island
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - SASQUATCH RESOURCES CORP. (CSE: SASQ) ("Sasquatch" or the "Company") is pleased to announce that it has executed an asset purchase agreement (the "Agreement") dated as of March 31, 2025 with Justin Deveault and Micheal Deveault (the "Vendors") to acquire mineral claim number 1097236, encompassing the area known as the former Santana mine (the "Claim" or "Santana") covering 517.19 hectares located on Quadra Island, British Columbia.
About this update from Sasquatch Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - SASQUATCH RESOURCES CORP. (CSE: SASQ) ("Sasquatch" or the "Company") is pleased to announce that it has executed an asset purchase agreement (the "Agreement") dated as of March 31, 2025 with Justin Deveault and Micheal Deveault (the "Vendors") to acquire mineral claim number 1097236, encompassing the area known as the former Santana mine (the "Claim" or "Santana") covering 517.19 hectares located on Quadra Island, British Columbia. Under the Agreement, to acquire the Claim the Company is obligated to issue an aggregate of 500,000 common shares of the Company (each, a "Share") to the Vendors. The Shares will be issued a price of $0.05 per Share, representing a purchase price of $25,000. When issued, the Shares will be subject to a four month hold period in accordance with applicable securities laws.","length":943,"tagName":"p"},{"type":"text","content":"The Santana mine was previously mined for copper, silver and gold in and around 1915, and there is a collection of Minfile data available online surrounding previous sampling and bulk sampling activities that have occurred there. Of particular relevance to Sasquatch is that there are substantial waste rock piles from old mining activity within the Claim area. These waste piles, as well as some areas where surface mineralization is evident, are pictured below. More details about Santana will be released once a Qualified Person under NI 43-101 has fully reviewed all of the available historical and more recent data respecting the Claim area.","length":646,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":412,"url":"https://media.zenfs.com/en/newsfile_64/62e9f2494fa345351287e91b2d59ac15"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5_blSXyTOGccaY5quNCB6w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTcxOTtjZj13ZWJw/https://media.zenfs.com/en/newsfile_64/62e9f2494fa345351287e91b2d59ac15","width":550,"height":412}},"href":"https://images.newsfilecorp.com/files/8796/246853_320ed94bd4107937_002full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Photograph 1 - Large waste rock pile at Santana.","length":48,"tagName":"p","...