Business
Sassy Resources Acquires Equity Stake in Newfoundland Exploration Company Galloper Gold Corporation
VANCOUVER, BC / ACCESSWIRE / June 16, 2022 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY) (FSE:4E7) (OTCQB:SSYRF) is pleased to provide the
About this update from Sassy Gold Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 16, 2022 / Sassy Resources Corporation (\"Sassy\" or the \"Company\") (CSE:SASY) (FSE:4E7) (OTCQB:SSYRF) is pleased to provide the following corporate update: Highlights: Through a series of transactions, Sassy has completed the purchase of 5,273 mining claims (1,318 sq. km) in Newfoundland for 4,260,000 shares of the Company and $500,000 cash. Sassy then sold these claims through a subsidiary to privately-held Galloper Gold Corp. (\"Galloper Gold\") for 8 million shares of Galloper Gold and $700,000 cash; The deal with Galloper Gold (applying to list on a Canadian stock exchange) is the culmination of a process that started in early 2021 that gave Sassy and its investors a strategic stake in the Newfoundland Gold Rush with major share positions in Gander Gold (35.3 million shares) and now Galloper Gold, with Sassy also having optioned its Nicobat Property to CSE-listed MAX Power Mining in exchange for 5 million shares of MAX Power; Sassy's primary focus going forward is its 100%-owned Foremore Project in Northwest B.C.'s prolific Eskay Camp. The Company is commencing a new drill program next month to follow up on the early-stage Westmore high-grade gold discovery and the potential for a gold-silver-rich VMS-style discovery along the adjacent More Creek Corridor, 45 km north of the Eskay Creek mine. Mr. Mark Scott, Sassy President and CEO, commented: \"Sassy has made great strides since early last year at creating a foundation for long-term financial success with strategic ownership positions in three exciting entities, each with a bright future in our view. We're now laser focused on our #1 priority of building out the high-grade gold discovery that successfully launched Sassy as a public company nearly two years ago. We've been diligent at protecting our share structure to give us maximum flexibility to build shareholder value in multiple ways.\" Mark Scott continued, \"We will soon be unveiling a new web site for Sassy as we rebrand around the Eskay Camp and a value proposition that's more compelling than ever for this young Company. We're looking forward to an exciting summer at the Foremore Project where the last five drill holes at Westmore each intersected shallow, high-grade mineralization (refer to March 3, 2022 news release). Properties In purchasing Rocky Island Gold, Galloper Gold a...