Sasquatch acquires 14 mineral claims on Mount Sicker

The October 14, 2025 news release from Sasquatch Resources Corp. details two main events: 1. Mount Sicker Property Acquisition: The company has acquired 14 new mineral claims (1,636 hectares) on Mount Sicker, BC, from vendors including a company director, Justin Deveault. The consideration was 2,000,000 common shares at a deemed price of $0.06 per share. The claims are subject to a 1.0% Net Smelter Returns (NSR) royalty for each of the two vendors (2.0% total). The company can repurchase half of each NSR (0.5% each) for $1,000,000 prior to commercial production. The release notes that new logging roads have exposed surface mineralization, which the company plans to sample. 2. Santana Property Exploration Update: The company reported results from a 61-sample grid sampling program on its Santana Property on Quadra Island, BC. The average grades from these samples were 0.818 g/t gold, 84.8 g/t silver, and 3.09% copper. Follow-up work, including channel sampling and backpack drilling, is planned for late October or November. The exploration work was conducted by 911 Exploration Corp., a company wholly-owned by director Justin Deveault.

The news is incrementally positive but does not materially change the company's investment profile.

Positive Aspects: * Active Exploration: The company is actively exploring its properties and expanding its land package in a prospective area, which is what an exploration company is supposed to do. * Encouraging Early Results: The surface sample results from the Santana Property, particularly the 3.09% copper average, are encouraging enough to justify the planned follow-up work. The discovery of new surface mineralization on the acquired Mount Sicker claims is also a positive development.

Negative/Risk-Averse View: * Related-Party Transactions: This is the most significant red flag. A director, Justin Deveault, is one of the vendors of the acquired claims, receiving shares in return. Furthermore, his private company, 911 Exploration Corp., was contracted to perform the work at Santana. While common in the micro-cap space, this arrangement creates potential conflicts of interest and raises questions about whether transactions are conducted at arm's length and for the sole benefit of all shareholders. For a risk-averse investor, this is a serious governance concern. * Misleading "Average Grades": The "average grades" from the Santana sampling program are derived from surface grab samples. Grab samples are selective by nature, often taken from the most visually promising mineralized rock, and are not representative of the potential grade over a larger, mineable area. While useful for vectoring exploration, presenting an "average" can be misleading to investors unfamiliar with exploration techniques. * Dilution for Grassroots Ground: The company issued 2 million shares for claims that are at a very early, conceptual stage. While the total value ($120,000) is not large, it is still dilutive for what is essentially unproven ground. * Royalty Burden: The newly acquired claims are encumbered by a 2.0% NSR. This is a significant royalty that could impact the economics of any future discovery. The buy-back clause is expensive ($1,000,000 for half of the royalty).

Overall, the news confirms the company is moving forward with its exploration plans. However, the positive exploration indicators are tempered by the significant governance risks associated with the related-party transactions and the very early-stage nature of the results. The news is not substantial enough to de-risk the projects or fundamentally alter the company's valuation.

Sasquatch Resources Corp. is a Canadian junior mineral exploration company focused on properties in British Columbia. Based on the current news, its primary assets appear to be the Mount Sicker and Santana properties. Both projects are located on or near Vancouver Island and are at an early, grassroots exploration stage, primarily targeting gold, silver, and copper. It is not clear from the information provided which project is considered the flagship.