Sasquatch Resources Provides Corporate Update
Executive Summary
- Completed engineering and reclamation “path to closure” reports for the flagship Mount Sicker project; submitted an updated Project Description to regulators for a novel waste‑rock reclamation permit.
- Waste‑rock sampling (97 surface + 30 deeper) shows high grades – up to 3.95 g/t Au, 79 g/t Ag, 5.7 % Cu, 8.7 % Zn in deeper samples; total waste volume ≈ 300,000 t.
- XRT ore‑sorting test on 528 kg of Mount Sicker material produced a high‑grade concentrate averaging 6.43 g/t Au, 180 g/t Ag, 4.9 % Cu, 8.7 % Zn (58 % of feed classified as high‑grade).
- Positive community and First Nations engagement; letter of support from North Cowichan City Council and ongoing MOU discussions with local Indigenous groups.
- Expanded project pipeline to include Blue Grouse, Santana, Copper Road, Slesse, and new Alberni Claims – all with identified waste‑rock volumes and preliminary grades.
- Added director Andy Holloway (metallurgist) and advisory board member Jillian Doucette (Synergy Enterprises).
- Executed agreements with Synergy (grant/funding sourcing), SOMA PR (investor outreach), Okane Consultants (reclamation plan), and an MOU with a BC university for research/learning centre.
Key Details
- Permitting Progress – Mount Sicker
- Engineering report completed; “path to closure” reclamation overview finished by Okane Consultants.
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Updated comprehensive Project Description submitted for a waste‑rock reclamation Notice of Work (novel permitting pathway).
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Waste‑Rock Sampling Results
- 2024 surface program: 97 samples – 1.86 g/t Au, 48.6 g/t Ag, 1.22 % Cu, 3.05 % Zn.
- 2025 deeper program: 30 samples (2‑3 m) – 3.95 g/t Au, 79.17 g/t Ag, 3.25 % Cu, 5.72 % Zn.
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Kenyon Wilson Surveyors estimate total waste ≈ 300,000 t (aligns with historic records).
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XRT Ore‑Sorting Test (Oct 2024 – Jan 2025)
- 528 kg composite sample processed at TOMRA lab in Germany.
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58 % of feed classified as high‑grade; concentrate assay: 6.43 g/t Au, 180 g/t Ag, 4.92 % Cu, 8.70 % Zn.
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Acid Generation Testing
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High‑sulphide waste confirmed acid‑generating; sorted rejects non‑acid generating (NAG).
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Community & Indigenous Relations
- Presentation to North Cowichan City Council – letter of support received.
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Ongoing dialogue with local First Nations; planning MOU for formal collaboration on reclamation and closure plans.
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Pipeline Expansion – Project Summaries
| Project | Waste Volume (t) | Avg. Grades (selected) |
|---|---|---|
| Blue Grouse / Sunnyside | 200‑300k | 2.37 % Cu, 12.8 g/t Ag (surface); 4.31 % Cu, 8.91 g/t Ag (deeper) |
| Santana | 20‑40k | 0.82 g/t Au, 84.8 g/t Ag, 3.09 % Cu |
| Copper Road | 150‑200k | 0.98 % Cu |
| Alberni Claims | TBD (2026) | TBD |
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Board & Advisory Additions – Andy Holloway (Director), Jillian Doucette (Advisory Board).
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New Agreements
- Synergy Enterprises: assistance securing provincial/federal grants, tax credits, and carbon‑efficiency analysis.
- SOMA Public Relations: investor outreach services.
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Okane Consultants: expanded reclamation/closure report with stakeholder review.
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MOU with BC University – collaborative research & potential “legacy mine site rehabilitation centre” at Mount Sicker.
Notable Quotes
- Peter Smith, CEO: “We are very pleased with the progress… our strategic approach to waste‑rock reclamation could be a giant leap forward for the province and mining generally.”
- Jillian Doucette, Advisory Board: “Recovering critical minerals from legacy mining waste while restoring lands is exactly the smart, future‑focused innovation we need in British Columbia.”
Materiality Assessment: Material – Positive (significant permitting milestones, high‑grade assay results, expanded project pipeline, and strategic partnerships indicate substantial upside potential for shareholders.)