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September 6, 2021

Salt Wars (Part 1)

11:00 am Pacific

BullMarketRun.com

Salt Wars, Part 1:

Meet North America’s New Commodities Kingpin 

Sixty-four year-old American entrepreneur Mark Demetree, part owner of MLB’s Kansas City Royals, has made a $5.2 billion (U.S.) bet on the North American Salt market.

That’s right, $5.2 billion on Salt (not Gold, not Lithium, not Uranium, not Nickel, but Salt).

And he’s not finished yet. He could strike again, literally any day.

As the saying goes, Follow The Money – especially when it’s “smart” money invested by a super successful business tycoon who has made all the right moves to become the Kingpin of Salt in North America.

BMR has followed that money trail and it leads to Newfoundland, interestingly, where Demetree is now eyeing the “jewel” of the Atlantic in terms of Salt deposits, a nearly billion tonne high-grade resource with perfect geology and a nearby deep water port. At a time of security of supply issues in the most important sector of the continental Salt market, with Demetree’s group also in a spat with the union at the ageing Pugwash mine in Nova Scotia, a battle is brewing over who may acquire this “jewel” of the Atlantic that could serve both Eastern Canada and the Northeast USA. There are 3 main contenders, and the aggressive Demetree appears to hold the early advantage.

Grade, size, location, and management – Great Atlantic has it all, including a Salt expert (Atlas President Rowland Howe) who Demetree has enormous respect for (in fact, he recruited Howe from the UK for North American Salt in the mid-1990’s). Atlas, formerly Red Moon Resources, now trades under the rather appropriate and memorable ticker symbol “SALT” on the TSX Venture Exchange.

Historical photo of Mark Demetree (left) with his late father, Jack Demetree.

A Harvard Business School grad, Demetree comes from a family with an impressive history in Florida. They’re even part of the story of how Walt Disney World came to Orlando, and how cable TV came to Jacksonville. Mark’s late father, Jack Demetree, was a top real estate developer and banker who was known for his civic and philanthropic activities. He was voted into the Florida Housing Hall of Fame in 1993 and the National Housing Hall of Fame in 1997. Demetree Brothers, Inc. became a full-service real estate developer and property manager in 1985 and excels to this day (Jack Demetree, also a U.S. Air Force veteran, passed away in 2015 at the age of 87).

From Mark Demetree’s perspective, Salt is a tremendous wealth creator, just like real estate. Efficient underground Salt mines are known to be “Cash Cows”, decades-long profit centers (through all economic cycles) like the Goderich mine in southern Ontario that Demetree had some valuable experience with in the 1990’s. He left North American Salt for other ventures by the late 90’s, but he watched Howe as mine manager turn Goderich into the largest underground Salt operation in the world after it became the cornerstone asset of a public company (Compass Minerals, CMP: NYSE) in 2003. Compass rocketed to $100 (U.S.) a share thanks to Howe’s engineering exploits, and Goderich is still going as strong as ever as evidenced by Compass‘ latest financials and its 4% annual cash dividend.

Demetree formed Silverhawk Capital Partners, a company that specializes in management buyouts and other private equity transactions in the growth industrial, energy/natural resources and business service sectors, and also Demetree Salt, LLC (a family investment vehicle focusing on investments in the chemicals, minerals and energy sectors) before resurfacing in a big way in the Salt sector when he became Chairman of Kissner in 2015. Within 6 years, during this pandemic, he would leverage his negotiating skills, knowledge of the Salt market and a myriad of business relationships to spearhead 2 separate buyouts totalling $5.2 billion (U.S.) through Los Angeles-based conglomerate Stone Canyon Industries (SCIH). He is now effectively the Kingpin of Salt in North America and controls even more annual road Salt production than Compass.

Oh, yes, road Salt – this is a huge specialty business within the broader Salt industry. In fact, the single biggest use of Salt in North America (>40%) is for de-icing our roads, highways and parking lots. It’s estimated that 25 million tons of road Salt is scattered across U.S. roads each year (~150 pounds for every American). It’s a major expense for cities and states, and commercial customers like shopping malls. And because weather leads to demand spikes, and both the U.S. and Canada tend to operate in just-in-time style inventory models instead of managing risk by storing surpluses of critical commodities, there are often shortages of road Salt precisely when everyone needs it most.

“Climate change” isn’t making things easier, either. Weather events are becoming more extreme, as Texans recently discovered, and road Salt is most effective when temperatures are actually closer to freezing (if it’s too cold, like below 15 F or –9 C, the Salt won’t have any effect on the ice). And no economic substitutes or alternatives for road Salt exist in most applications.

Given all of the above, it’s astonishing that North America has left itself so vulnerable when it comes to the supply of road Salt (but, of course, look at how we’ve handled other commodities and strategic metals). Indeed, there are concerns about “security of supply” for critical markets in the Northeast USA and Eastern Canada. We haven’t built any new underground Salt mines in the last 20 years, and some of the ageing existing operations can’t convert to new technology and won’t be around a lot longer. We actually now rely on overseas imports from Chile and North Africa to the tune of 8 to 10 million tonnes a year to meet demand. Meanwhile, rapidly escalating shipping costs from overseas, labor issues and greedy governments wanting more of a “slice of the pie” from resource projects in jurisdictions like Chile are the “final straw”, putting upward pressure on Salt prices and creating urgency around bringing a top tier undeveloped project like Great Atlantic into production.

Not hard to understand why Mark Demetree believes $5.2 billion (U.S.) is a very smart bet on this sector.

Coming Soon: Salt Wars Part 2.

Note: John, Jon and Daniel hold share positions in SALT.

Disclaimer: BullMarketRun.com is strictly reader/subscriber funded and we accept no advertising on our site and no fees or compensation for any of our coverage. Our material is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment adviser, one licensed by appropriate regulatory agencies in your legal jurisdiction, and perform your own due diligence and research before making any investment decisions. The stocks we cover, by definition. are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks. We are not Registered Secuirites Advisers. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Adviser operating in accordance with the appropriate regulations in your area of jurisdiction. It should be assumed that BMR personnel, writers and associates may hold or dispose of or trade in positions in any securities mentioned herein at any time. BMR or its personnel were not compensated in any way for the creation or distribution of this article.

9 Comments

  1. Nice piece. Do you think a $2.5-$3 billion buyout is doable here?

    Comment by Labrador — September 6, 2021 @ 11:45 am

  2. Only in a scenario where Atlas ultimately turns into a producer, Labrador, and follows the path of Compass – a believable possibility given what Rowland Howe did with Compass starting in 2004. The much more likely scenario is an opportunistic buyout over the near to medium term at multiples to current share price. This is a very undervalued deal right now from many perspectives, including overall valuations of Newfoundland stocks, even though it’s the #1 performing stock in that area this year and the most de-risked with the exception of Marathon Gold.

    Comment by Jon - BMR — September 6, 2021 @ 4:51 pm

  3. Jon
    In the near to medium time frame is a billon dollar buy out realistic?

    Comment by GREGH — September 6, 2021 @ 10:56 pm

  4. Demetree is aggressive and is capable of pouncing at any time; the sooner he pounces the better the price. Keep an eye on how his group handles the Pugwash situation. The thinking is that Demetree knows that operation isn’t part of his long-term plans, and Great Atlantic is the obvious replacement + will provide significant additional tonnage to reach into the Northeast U.S.

    Comment by Jon - BMR — September 7, 2021 @ 5:59 am

  5. Salt – early bid could be 5 times the current market cap. I think that would be reasonable.

    Comment by Dan1 — September 7, 2021 @ 6:15 am

  6. AMEX DRILLS 102.07 G/T GOLD OVER 6.10 METRES AND ANNOUNCES ASSAY RESULTS FROM 31 ADDITIONAL DRILL HOLES SIGNIFICANTLY EXPANDING THE HIGH GRADE ZONE VERTICALLY AND ALONG STRIKE

    Amex Exploration Inc. has released results from a multitude of drill holes focused on expansion and definition drilling of the high-grade zone (HGZ). See an image on the company’s website for a plan view of the geology of the EGZ and the mineralized zones.

    Today’s results are focused on on-strike expansion as well as definition drilling of the high-grade zone as the company works toward its maiden resource on the Perron project. A complete list of results is available in the associated table and presented in images on the company’s website. Photos of visible gold in selected drill holes are presented on the company’s website. In addition to the results detailed in the associated table, Amex is awaiting results on over 17,359 samples at three labs from holes targeting the HGZ and Denise, as well as regional exploration drilling.

    Jacques Trottier, PhD, executive chairman of Amex Exploration, commented: “I am very excited with today’s results for several reasons. Firstly, we have drilled the highest-grade hole at depth to date with hole PE-21-386W1 returning 102.07 grams per tonne of gold over 6.10 metres. We can now trace the high-grade core of the HGZ over 800 vertical metres, which is a very significant development in the expansion of this important zone. Also, it clearly demonstrates the zone is richer at depth and wider along strike. In addition to this very high-grade drill hole, our shallower drilling on the western portion of the HGZ has significantly expanded the bonanza area of the HGZ proving the superhigh-grade core is continuous.”

    Dr. Trottier added: “The HGZ is becoming one of the richest single gold zones of all the Canadian Archean orogenic gold deposits ever discovered. Almost every hole we drill confirms expansion, both laterally and vertically and significantly increases its overall grade and gold content per vertical metre. In addition to this, we recently reported a new copper-rich VMS zone. Follow us closely, we are delivering and awaiting results from 18 holes which contain visible gold.”

    Full News Release

    Comment by Jon - BMR — September 7, 2021 @ 6:28 am

  7. Another chapter in the Noront sweepstakes…

    Noront Receives Arrangement Agreement From Wyloo and Executes Confidentiality Agreement

    TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — The Board of Directors of Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) acknowledges receipt of a form of Arrangement Agreement from Wyloo Metals (“Wyloo”) on the evening of Friday September 3, 2021 (the “Arrangement Agreement”), which provides the terms and conditions of the potential transaction proposed by Wyloo to acquire all of the outstanding common shares of Noront for C$0.70 per share.

    Noront and its advisors are reviewing the Arrangement Agreement and the Noront Board and Special Committee remain focused on fulfilling their fiduciary duties and on surfacing maximum value for the Noront shareholders. At the current time, Noront understands that the potential transaction proposed by Wyloo remains subject to satisfaction of preconditions, including completion of due diligence. Noront intends to negotiate with Wyloo directly and constructively, with a view to the best interests of Noront minority shareholders, as it has always been willing to do.

    Noront confirms it has signed and returned to Wyloo a Confidentiality Agreement in the form provided by Wyloo, thus allowing Wyloo the ability to conduct due diligence on the terms it requested. Noront views the terms and conditions of its initial confidentiality agreement and of the support agreement with BHP Western Mining Resources International Pty Ltd (“BHP”) and its parent, BHP Lonsdale Investments Pty Ltd (the “Support Agreement”) as entirely in line with prevailing market practice; however, Noront sought and received the agreement of BHP to enter into the modified form of Confidentiality Agreement requested by Wyloo in order to facilitate completion of due diligence by Wyloo. This consent is required pursuant to the Support Agreement which requirement is customary for transactions of this nature.

    Noront further confirms that there are no undisclosed agreements, understandings, payments or other incentives for Noront’s directors or officers in connection with the transaction with BHP. Wyloo’s assertions that, among other things, the exercise of options and share awards by Noront officers and directors is unusual is simply incorrect. The acceleration provisions provided in the Support Agreement for the options and share awards are also customary for a transaction of this nature and are fully disclosed in the Support Agreement and other public filings relating to the proposed transaction with BHP. As is customary, the lock-up agreements BHP entered into with the directors and officers of Noront will automatically terminate if the Support Agreement is terminated in accordance with its terms, including if Noront terminates the Support Agreement to accept a superior proposal.

    Noront looks forward to providing its shareholders with updates in respect of the transaction proposed by Wyloo in due course.

    About Noront Resources

    Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. http://www.norontresources.com

    Contact Information

    Media Relations Investor Relations
    Ian Hamilton Greg Rieveley
    Tel: +1 (905) 399-6591 Tel: +1 (416) 367-1444
    ihamilton@longviewcomms.ca greg.rieveley@norontresources.com

    Janice Mandel
    Tel: +1 (647) 300-3853
    janice.mandel@stringcom.com
    Forward Looking Statements

    Certain statements contained in this news release contain “forward-looking information” within the meaning of applicable securities laws and are prospective in nature. Forward-looking information and statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the Wyloo arrangement agreement; the BHP offer; and the intentions of Wyloo to make a binding offer to acquire Noront (if at all).

    Although Noront believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs that the Offer will be successful, that all required regulatory consents and approvals will be obtained and all other conditions to completion of the transaction will be satisfied or waived, and the ability to achieve goals. Noront cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of Noront, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by Noront will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, Noront or its future results and performance.

    Forward-looking information and statements in this news release are based on Noront’s beliefs and opinions at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Noront disavows and disclaims any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Noront.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Comment by Jon - BMR — September 7, 2021 @ 6:50 am

  8. This should be the start of significantly increased news flow for NFG after a mostly quiet summer…NFG drills 111.4 g/t Au over 2.65 and 76.8 g/t over 2.80 m as vertical depth is doubled at Lotto Main Vein, 2 km north of Keats…

    NEW FOUND INTERCEPTS 111.4 G/T AU OVER 2.65 M AND 76.8 G/T AU OVER 2.80 M AT LOTTO MAIN VEIN: DOUBLES THE VERTICAL DEPTH TO 200 M

    New Found Gold Corp. has released recently received assay results from seven holes drilled at the Lotto zone, located approximately two kilometres north of the Keats zone discovery. These holes were completed as part of the Company’s ongoing 200,000 m diamond drill program at its 100% owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland.

    Highlights

    – The interval of 76.81 g/t Au over 2.80 m in NFGC-21-311 is almost 90 m vertically deeper than the previously reported interval in NFGC-21-201 which yielded 683.1 g/t Au over 2.45 m (see press release dated June 23, 2021) and has doubled the depth of the Main Vein to over 200 m vertically, starting at surface and open to depth.
    – The high-grade intervals reported to date occur in a steeply (78degree) east-dipping vein that is part of a network of north-south striking vein arrays that are spatially associated with the Lotto Baseline Fault Zone, a splay of the Appleton Fault Zone. Recent drilling has defined the vein network over a 340 m x 325 m area that remains open in all directions (see the plan view, 2D cross section, 3D composite cross section and long section in Figures 1, 2, 3 and 4 below).
    – The Company continues to test new targets at Lotto with current exploration focused on extending the Lotto Main Vein to depth and along strike.
    – The mineralization drilled at Lotto is often characterized by massive and vuggy textured veins containing very fine visible gold, arsenopyrite, chalcopyrite, boulangerite and ammonium-illite which are common traits found in epizonal systems, similar to the high-grade gold mineralization encountered at Keats (Figure 5).

    Greg Matheson, P.Geo. COO of New Found, stated: “The Lotto Main Vein structure continues to show strong continuity and consistent widths of high-grade gold mineralization from two to ten plus meters width downhole (note that true widths are estimated at 80% to 90% of reported drill interval widths). While numerous secondary mineralized structures exist outside the Main Vein structure, we have started to target expansion of the Main Vein at depth with significant intercepts of 111.36 g/t over 2.65 m (NFGC-21-233) and 76.81 g/t Au over 2.80 m (NFGC-21-311). NFGC-21-311 is the deepest hole drilled to date and demonstrates significant persistence of continuity of the Lotto Main Vein to depth. The grades and widths at Lotto are outstanding and we are very excited to be consistently hitting these high-grade intervals as we step out to depth and along strike.”

    Queensway 200,000m Drill Program Update

    Approximately 38 percent of the 200,000 meters have been drilled to date with approximately 21,000 meters of core pending assay results. Nine core rigs are currently operating, with a tenth scheduled to start in Q3 2021.

    Full News Release

    Sampling, Sub-sampling and Laboratory

    True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 80% to 90% of reported core lengths. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional variability in true width. Assays are uncut, and calculated intervals are reported over a minimum length of 2 meters using a lower cut-off of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30-gram fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

    Qualified Person

    The technical content disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this news release dated Sept 8, 2021, by New Found. Mr. Matheson certifies that this news release fairly and accurately represents the information for which he is responsible.

    About New Found Gold Corp.

    New Found holds a 100% interest in the Queensway Project, located 15 km west of Gander, Newfoundland, and just 18 km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 200,000 m drill program at Queensway. Nine rigs are currently in operation at Queensway with the drill count planned to increase to ten rigs in Q3 2021. With a current working capital balance of approximately $115 million, New Found is well funded for this program.

    Comment by Jon - BMR — September 8, 2021 @ 6:29 am

  9. Update from SASY this morning; with only 45 million O/S, remains 1 of the best value deals in Newfoundland and the Eskay Camp.

    Sassy Continues Drilling at Westmore Discovery; Large-Scale Newfoundland Program Intensifies

    VANCOUVER, BC / ACCESSWIRE / September 10, 2021 / Sassy Resources Corporation (“Sassy” or the “Company”) (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to provide an exploration update on the Company’s projects in Northwest B.C.’s Eskay Camp and the Central Newfoundland Gold Belt.

    Foremore Gold-Silver Project

    Diamond drilling is ongoing at the Company’s Westmore Discovery Zone within the larger 146 sq. km Foremore Project area. This summer’s drilling has focused on mineralized quartz veins at lower elevations to the south and east of the Company’s 2020 discovery at Westmore, demonstrating the potential significant vertical extent of this system. Surface sampling and detailed geologic mapping are being performed to support both the drill program at Westmore and the ongoing interpretation of the controls on the mineralization within and around the Westmore intrusive;
    While drilling continues at Westmore, crews are ground truthing multiple VTEM™ and magnetic anomalies identified in the preliminary data generated by the recently completed high resolution, deep penetrating 1,687 line-kilometer airborne VTEM™ Survey across the broader Foremore Property. Delivery of final data from this survey, performed earlier in the 2021 field season, is pending.

    Central Newfoundland Gold Belt Exploration Update

    Sassy, through subsidiary Gander Gold Corporation, engaged GroundTruth Exploration this past spring to spearhead a large-scale early-stage exploration program across its multiple project areas in the Central Newfoundland Gold Belt (CNGB) where Sassy controls 9,032 claims covering approximately 2,257 sq. km of prospective ground;
    Approximately twelve thousand (12,000) soil and till samples from Gander North, Cape Ray II and Mount Peyton have been collected to date and submitted for assaying. The company is targeting C-horizon soils/till and will follow up initial results with deeper and more tightly spaced probe sampling aimed at testing the soil/bedrock interface where possible. – Assay results are pending and will be released as they are received and preliminary interpretation is completed;
    A fixed-wing airborne mag/VLF geophysical survey is in progress across the Company’s Newfoundland properties. LiDAR surveys and airborne high resolution orthoimagery capture is also in progress across the properties;
    Sassy plans to re-deploy its prospecting team from the Foremore Project to several of its Gander Gold properties in Newfoundland once the field season at Foremore is complete. – – Prospecting will be carried out on outcropped areas of interest mapped during the Company’s early-stage work;
    Sassy has commissioned a NI-43-101 technical report for the portion of the larger Gander North Project which was optioned from Vulcan Minerals. The report is being drafted by Ronacher McKenzie Geoscience of Sudbury, Ontario. Delivery of the report is pending and will support Gander’s planned application to list on a Canadian exchange. The Company has completed the required assessment work and expenditures to use Vulcan Gander North as the “qualifying property” for its planned application to list on a Canadian exchange.

    Gander Gold Financing

    The Company announces that its subsidiary, Gander Gold Corporation (“Gander”), has closed a non-brokered private placement (the “Private Placement”) raising gross proceeds of $272,500 through the issuance of 1,090,000 special warrants (the “Special Warrants”) at a price of $0.25 per Special Warrant. The Special Warrants are convertible into common shares of Gander at a date to be determined by the board of directors of Gander, but no later than two weeks after Gander becomes a reporting issuer. The 109 individual investors who participated in the Private Placement were limited to an allotment of 10,000 Special Warrants ($2,500) per participant, for the purpose of achieving the share distribution required for Gander’s planned application to list on a Canadian exchange.

    No finder’s fees were paid in connection with the Private Placement. To date, Gander has raised $5,273,708 through the issuance of convertible Special Warrants.

    Mr. Mark Scott, Sassy CEO, commented: “We are very pleased with the exploration progress being made in both B.C. and Newfoundland. At Foremore we continue to follow up on the exciting results generated during our first field season in 2020. In Newfoundland we have launched an aggressive early-stage exploration program which is already starting to generate targets for follow-up exploration, and we’re only just scratching the surface of that very large land package.

    Sassy’s CEO continued, “Corporately, we are putting the elements in place to ensure the Gander Gold listing application process is as smooth and expeditious as possible. Our new website has launched to positive reviews and is a valuable source of information for our current and prospective investors. All of which has been accomplished while maintaining focused control of our share structure. Overall, we are very pleased with the foundation we’ve built for the creation of real long-term shareholder value after just our first year as a public company.”

    Subscribe for Updates

    Photographs and videos from the Company’s projects in Northwest B.C. and Newfoundland will be added to the Sassy website over the coming days and weeks. Visit SassyResources.com and sign up for news alerts to stay informed as exploration continues year-round.

    Qualified Person

    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.

    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 and base metal 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.

    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.

    Contact Info:

    Mark Scott
    Chief Executive Officer & Director
    info@sassyresources.ca

    Terry Bramhall
    Sassy Resources – Corporate Communications/IR
    1.604.833.6999 (mobile)
    1.604.675.9985 (office)
    terry.bramhall@sassyresources.ca

    In Europe:

    Michael Adams
    Managing Director – Star Finance GmbH
    info@star-finance.eu

    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

    View source version on accesswire.com:
    https://www.accesswire.com/663405/Sassy-Continues-Drilling-at-Westmore-Discovery-Large-Scale-Newfoundland-Program-Intensifies

    Comment by Jon - BMR — September 10, 2021 @ 5:35 am

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