Newly Acquired Claims Cover Large Portion Of Mount Peyton Intrusive
Sassy Resources Corporation (CSE:SASY) (OTCQB:SSYRF) has expanded its Newfoundland property holdings from 1,381sq. km to sq. km through its subsidiary, Gander Gold Corp.
The 3,503 newly acquired claims (876 sq. km) cover a large portion of the Mount Peyton Intrusive and Gabbroic Complex situated in between New Found Gold’s Keats Zone and Sokoman Minerals’ Moosehead discovery.
These claims were staked by and optioned from prospector Shawn Ryan and Wildwood Exploration Inc. whose extensive area research has recently led to a new understanding of the potential of the under-explored Mount Peyton Intrusive.
“The Mount Peyton Project represents a unique opportunity in that we have a large gabbroic intrusive suite that has seen limited historic exploration work, though numerous gold showings are documented,” Mr Ryan, a technical adviser for Sassy, said.
“A new magnetic structural interpretation of the Mount Peyton Intrusive is clearly indicating numerous NNE and EW structures that are coincidentally anomalous with gold-in-tills. This project checks all the boxes we look for: structure, geochemistry, the right type and age of rocks, not to mention emerging high-grade gold deposits in the immediate area.
“With this acquisition Sassy is also now the largest landholder among public companies in the region.”
Sassy President and CEO, Mark Scott, said that given the group’s experience with an emerging instrusive hosted gold deposit in the Eskay Camp, Mount Peyton is a perfect fit for Sassy.
“We are very pleased to acquire such a large prospective area in the middle of this increasingly exciting and still very under-explored district.
“These 3,503 claims also link two previously non-contiguous groups of claims held by the company on the margins of the intrusive. Backed by fresh interpretations, we see real potential at Mount Peyton.
“We look forward to completing airborne geophysics and widespread soil and till sampling this summer in the pursuit of new surface discoveries ahead of drilling.”
Highlights:
- The expanded Mount Peyton package includes extensive southwest-northeast trending geophysical structures and a potentially significant fold nose in the southwest portion of the project area. Several historic anomalous gold-in-till results overlay this structure;
- The intrusive and gabbroic rocks found at Mount Peyton are commonly associated with gold mineralization. Combined with known geophysics and geochemistry in the area, and the presence of two adjacent high-grade gold deposits (Keats & Moosehead), the under-explored Mount Peyton Project is considered highly prospective for new discoveries. A network of secondary roads covers much of the project and facilitates access;
- The company, through its subsidiary Gander Gold, will soon launch into an extensive non-stop exploration programme covering its significant holdings in the Central Newfoundland Gold Belt, including airborne geophysical surveys, widespread soil/till sampling, and Phase 1 drilling along the GRUB Line at Gander North.
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its focus is the Foremore Gold-Silver 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.
