B.C. Mining Explorer To Start Trading on CSE Sept. 6
Source: Streetwise Reports
September 6, 2022 (Investorideas.com Newswire) The company is in the process of meeting its obligations to earn 100% of a Vancouver Island property that is prospective for precious and base minerals ... and sasquatches.
The mining exploration firm, Sasquatch Resource Corp., will begin trading on the Canadian Stock Exchange (CSE) on September 6, 2022, under the symbol SASQ.
The corporation has 17,454,000 (17.454M) shares outstanding and 1.72M shares reserved for issuance.
Tradable float shares total 6.104M, given many founders and early shareholders agreed to secure their shares through a three-year escrow release arrangement.
The Canadian company's primary focus is the Mt. Sicker project on British Columbia's Vancouver Island, a 10-minute drive from the city of Duncan.
Historically, at least five mines have produced gold, silver, copper, and lead on this property spanning 2,103 hectares and encompassing 17 claims.
"British Columbia MINFILE reports contain at least 16 documented mineral occurrences that now lie within the Mt. Sicker claim area," said Sasquatch CEO Peter Smith.
Mt. Sicker also stands out as the place of more sasquatch sightings than anywhere else in the world, making "sasquatch" an apropos name for this mining entity.
Resources Map. Source: Sasquatch Resources.
Sasquatch, the corporation that is, has the option to earn 100% of the Mt. Sicker project and is working toward that end.
With about $650,000 in working capital, the company is in the process of carrying out various exploration efforts there.
The terms of the earn-in agreement for Mt. Sicker require Sasquatch to pay $285,000 in cash and issue 2.3M shares to the seller in tranches by November 2024 and conduct $250,000 worth of on-site work by October 2024.
If and when Sasquatch meets these requirements, it will own Mt. Sicker outright, but the seller will retain a 1% net smelter return royalty on it.
Various sampling programs have been conducted at Mt. Sicker since 2003 and have shown noteworthy metal values, up to 28.9% copper, 20 grams per ton (20 g/t) gold, and 397 g/t silver.
The project is likened to Nyrstar's Myra Falls, also on Vancouver Island, in terms of geological setting, host rock age, and mineralization style.
To date, Myra Falls has produced 25,000,000 tons (25 Mt) and has 10 Mt of reserves and resources.
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sasquatch Resource Corp., a company mentioned in this article.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com