Mount Sicker: copper, gold, silver, zinc prospect near Duncan, BC

HIGHLIGHTS

  • Listed in September 2022 (CSE: SASQ), just over 23 million shares issued and outstanding, sufficient capital to complete exploration plans to 2024
  • Mt. Sicker, located near Duncan, BC, area owned or optioned by Sasquatch is over 1,800 hectares – prospective for copper, gold, silver and zinc, among other minerals
  • Mt. Sicker is the former site of at least 4 producing mines
  • Extensive review of new and historical information leads to decision to focus on small-scale processing opportunities including waste rock and at or near surface mineralization
  • LiDAR Survey completed and geophysical data acquired summer 2022, additional sampling, mapping and backpack drilling completed 2022 and 2023
  • Waste rock study completed by Tetra Tech Canada in 2023, showing positive economic potential for processing of waste rock at Mt. Sicker

MOUNT SICKER - REGIONAL LOCATOR

MOUNT SICKER WORK COMPLETED

  • Extensive geological mapping conducted throughout the property
  • Old sampling programs compiled and combined with recent work
  • NI 43-101 compliant “Technical Report for the Mount Sicker Project” dated May 15, 2022 was completed and is available on sedarplus.ca*
  • Previously flown geophysical data located and acquired, LiDAR survey completed
  • Technical Report indicates Mt. Sicker has similar rock and mineralization type to nearby Myra Falls Mine, which has produced for over 50 years
  • Tetra Tech Canada completes preliminary evaluation of waste rock at Mt. Sicker in 2023 concluding positive economic potential
.
*This Technical Report is based upon a larger property area which has been reduced.
See press release dated 2023/10/03

HISTORY

  • Historical information accessible online about previous operations on Mt. Sicker, including Lenora, Richard III, Tyee, Victoria and Twin J, all located within our current claim boundaries
  • Significant historical production prior to 1909, with several hundred thousand tonnes at economic grades of copper and gold
  • Additional mining occurred 1935-1953, and non-43-101 compliant resources are discussed in various publications

CLAIM BOUNDARIES AND ZONES OF INTEREST

Claim boundaries encompass historical mining zones and other newly discovered
zones of interest prospective for gold, silver, copper, and/or zinc

NEW FOCUS

  • In the summer of 2023, Sasquatch completed a comprehensive review of new and historical data including a number of historical drill holes
  • It was determined that the best prospects at Mt. Sicker are in (1) waste rock and (2) surface mineralization within the Historic Mining Zone
  • In October 2023, Sasquatch dropped a number of claims now considered unimportant in light of the above

TETRA TECH CANADA REPORT

  • In the summer of 2023, Sasquatch hired Tetra Tech Canada to complete a site visit and preliminary evaluation surrounding waste rock potential at Mt. Sicker
  • The report determined that small-scale processing of waste rock could be profitable
  • In finding potential profitability, the report was focused exclusively on waste rock processing and did not include high grade mineralization in ore at surface
  • Please see this video for more information about waste rock at Mt. Sicker

BACKPACK DRILLING

  • Among waste rock within the Historic Mining Zone, Sasquatch has encountered high mineralization at surface
  • Several backpack holes have been drilled with very encouraging results
  • All holes encountered mineralization top to bottom, including one six meter hole returning 8.32 to 11.25 g/t gold, 4.19 to 9.55% copper, 98.8 to 142 g/t silver and 2.57 to 6.77% zinc (see press release dated May 1, 2023)
  • Areas of high mineralization at surface may add significantly to the economics of small-scale waste rock processing
  • Ground geophysical surveys are being conducted to better understand how much surface mineralization might be available

PERMITTING

  • Permitting is always a significant challenge for junior mining projects and some would argue especially on Vancouver Island
  • However, in the case of Mt. Sicker, there is already extensive evidence of past mining activity (at least four operations between 1895 and 1945)
  • This creates a potential reclamation opportunity for Sasquatch
  • By focusing on waste rock processing and high-grade surface mineralization only, with a reclamation component, we believe the chances of successful permitting are maximized

(Not so) SMALL-SCALE PROCESSING

  • Even as a “small-scale” operation, there is a significant amount of copper, gold, silver, and/or zinc to potentially be processed at Mt. Sicker
  • Historic estimates suggest 300,000 tonnes or more of waste rock – with waste rock samples returning a range of values, but as high as 20.1 g/t Au, 4.7% Cu, and 9.8% Zn (see press release dated January 18, 2023)
  • Moreover, Sasquatch is continuing to evaluate the extent of “easy access” surface mineralization in and around the waste rock, which would add further processing material

EXPLORATION PLANS

  • Better define volume of waste rock in Historic Mining Zone
  • Better define average mineralization for copper, gold, silver, and zinc in waste rock
  • Continue to define and verify surface mineralization at Lenora using backpack drill
  • Continue to define and verify extent of surface mineralization at Lenora using geophysics
  • Explore potential small-scale processing permit options

PHOTO GALLERY

BOARD OF DIRECTORS & MANAGEMENT

  • Peter Smith Director & CEO
    30 years pubco experience, Cambridge grad, Supreme Court Clerk, Lawyer, co-founder Less Mess Storage ($400m CAD value).
  • Thomas Lamb Independent Director
    30 years pubco experience, Lawyer, LBS grad, co-founder Gold Group and M2 Cobalt, former Jervois executive, 20 plus years mining exp.
  • Justin Deveault Director and VP
    Assembled current land package at Mt. Sicker, founder of Mining 911, decades experience in prospecting, intimately knows Mt. Sicker
  • Fred Bonner Chief Geologist
    P. Geo, Fellow of Geoscientists Canada, Fellow of the Society of Economic Geologists, 22 years with Nova Scotia Gov