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ACCESSWIRE 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) Image: https://www.accesswire.com/users/newswire/images/683483/Screenshot-2022-01-13-203322.png |