VANCOUVER, BC / ACCESSWIRE / January 6, 2022 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce that it has signed a binding Letter of Intent (the "LOI") to acquire up to 100% of the drill-ready Highrock Uranium Project from Forum Energy Metals Corp. ("Forum"). Cameco's former producing Key Lake mine, which extracted over 200 million pounds of uranium by open-pit methods at an average grade of 2.3% U3O8 from 1983 to 1997, is located immediately to the north of the Highrock claim boundary.
Mr. Mark Scott, President and CEO of Sassy, commented: "The drill-ready Highrock Project is a potential high impact exploration play that gives Sassy shareholders exposure to a dynamic sector benefiting from the global energy transition driving significant new investment in nuclear demand. This strategic initial foray into uranium makes Sassy the only junior resource company with exploration assets covering Northwest B.C.'s Eskay Camp (home of our flagship Foremore Project), Saskatchewan's Athabasca Basin, and the Central Newfoundland Gold Belt - three world class investor-friendly mining districts that provide a rock-solid foundation for Sassy's immediate and longer-term success."
Mr. Mark Scott continued, "Given Ian Fraser's geological background in Saskatchewan, and in the uranium sector, combined with the bold Sassy approach that has served us well in our first 16 months as a public company, I'm confident we'll take Highrock to the next level working with a strong technical team at Forum whose work has set the table for a discovery at this property."
Highrock Project Map & Area
The technical information in this news release has been reviewed and approved by Mr. Ian Fraser, P.Geo., Vice President of Exploration for Sassy Resources. Mr. Fraser is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
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About Sassy Resources Corporation
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal, base metal and uranium projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle, and the Central Newfoundland Gold Belt where Sassy is one of the district's largest landowners through its investment in Gander Gold. The acquisition of the Highrock Uranium Property in Saskatchewan gives Sassy year-round direct exploration opportunities.
Caution Regarding Forward Looking Statements
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes "forward looking information", with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.
Chief Executive Officer & Director
Sassy Resources - Corporate Communications/IR
Managing Director - Star Finance GmbH
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sassy Resources Corporation