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ACCESSWIRE VANCOUVER, BC / ACCESSWIRE / January 27, 2022 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY) (FSE:4E7) (OTCQB:SSYRF) is pleased to announce that in addition to the highly prospective Viking target (Dec. 8, 2021 news release) covering approximately 20 sq. km on the western edge of the 490 sq. km Gander North Project, initial soil geochemistry results received from additional areas of Gander North suggest the presence of previously unrecognized large regional structures with potential to continue along a northeast trend for greater than 40 km. Highlights: Assay results from combined C and B-horizon soils (3,170 total soil samples or approximately 60% of soil samples collected from Gander North to date) highlight multiple northeast and east-northeast trending gold-in-soil anomalies in multiple zones covering the northern, central and southern portions of Gander North;Clusters of high-grade gold results for soils include 58 samples assaying between 50 ppb Au and 756.1 ppb, considered highly anomalous for Newfoundland, including 23 samples ? 107.3 ppb Au (see attached figure);Prospecting teams have collected multiple samples of mineralization in quartz and mineralization associated with quartz/quartz veining and country rock at Gander North (assay results pending). Mr. Shawn Ryan, Sassy Technical Adviser, stated: "These first pass soil results across broad areas of previously untested Gander North are exceptional for Newfoundland. They demonstrate that this impressive magnetic target (38 km x 10 km) represents either completely new regional structures just 25 km east of the Appleton trend that hosts the New Found Gold and Labrador Gold discoveries, or inboard sub structure(s) 12 km east of the GRUB line (Gander River Ultramafic Belt). Either scenario means Gander North is prime hunting ground for new high-grade discoveries in the Central Newfoundland Gold Belt, another example of the island's vast under-explored potential for new deposits." Mr. Ryan continued, "Gander North consists mainly of the first exploration claims ever staked on this target, covering a distinct district scale regional NNE regional magnetic anomaly. Overlying this feature were anomalous gold-in-till samples from the Newfoundland till survey. Now we have a massive amount of fresh data that puts Sassy (and Gander Gold) on the path to discovery." Sampling And Exploration Strategy Preliminary soil sampling results from wide-spaced grid lines (500 meters) at Gander North prompted immediate follow-up by infilling with tighter grid line spacing (100-250 meters). Infill lines have confirmed the anomalous trends. The Company will complement geochemistry results with LiDAR and MAG/VLF geophysical surveys when the balance of that work is completed this spring. Additional soil sampling and other exploration initiatives are expected to produce initial high priority diamond drilling targets later this year. Sassy defines gold-in-soil results ?90th percentile as elevated and those samples ?97.5th percentile as anomalous. Gander Gold Share Distribution Mr. Mark Scott, Sassy President and CEO, comments on the upcoming Gander Gold share distribution to Sassy shareholders: "With eight projects covering 2,257 sq. km, Sassy controls one of the largest claim positions in Newfoundland. Early success at Gander North, Mt. Peyton and Sassy's other Newfoundland projects bodes very well for Sassy's Gander Gold spinout." Investors are reminded that the date of record for the Gander Gold share distribution to Sassy shareholders is Tuesday, February 1, 2022. Investors are advised to be aware of any settlement period which may apply to share purchases or the conversion of other Sassy securities prior to the February 1 record date. For example, a two-day settlement period may mean that shares purchased on Friday, January 28 are settled on Tuesday, February 1. Based on the current Sassy share structure, the distribution of 8,8333,333 Gander Gold shares represents a ratio of one Gander share for approximately every 5.8 Sassy shares owned. The final ratio for the distribution of Gander Gold shares will be determined by the number of Sassy shares issued and outstanding as of the date of record. Gander North Project - Phase I Soil Sample Results (3,170 Samples Outside Viking Target) |