Sassy Resources (CSE:SASY, OTCQB:SSYRF) Corporation said it had discovered, via soil sampling, a "multi-kilometer-long" gold and copper anomaly at the newly-named "Viking" target at its Gander North project in Newfoundland ahead of a potential drill program.
The results included very high gold-in-soil assays, such as 1,432 parts per billion (ppb) gold (1.43 grams per ton (g/t) and 1,154 ppb gold (1.15 g/t), and suggest the presence of a nearby mineralizing source.
"Phase 1 soil results have identified a few spectacular sample results as evidenced by 1,432 ppb Au, trends and anomalous zones occurring within a northeast orientation, but also suggest the historic gold-in-till trend identified by Noranda is significantly larger and remains open," said Ian Fraser, the company's vice-president of exploration.
"Currently the source of this gold and copper dispersion in tills is unknown. We look forward to identifying the source."
READ: Sassy Resources announces dividend spinout of 8.83 million shares in subsidiary Gander Gold
CEO Mark Scott added: "These initial results bode very well for our upcoming Gander Gold spinout with February 1, 2022, being the share distribution date of record for Sassy shareholders.
"Gander North is one of eight Sassy projects going into Gander Gold, collectively covering 2,257 sq. km, and we will have early exploration results to report on each of these projects thanks to an aggressive ongoing campaign funded by the Gander Gold subsidiary."
The anomaly now covers the entire upper section of the Viking target over a northeast-southwest length of 4.25 km and a northwest-southeast width of up to 1.5 kilometers (km), said Sassy.
Notably, it is also open for expansion to the southeast where assay results are pending for around 1,000 additional soil samples, some of which were collected by GroundTruth Exploration's deep penetrating GT Probe.
The Viking target covers 20.5 sq km and yet is still only 4% of the entire Gander North project, underscoring the potential within the prospective 490 sq km land package wholly-owned by Sassy, the company highlighted.
"Plans are being discussed for RAB (rotary air blast) drilling at the Viking target in preparation for a maiden diamond drilling program," it added.
Explorer Sassy is focused on the Foremore project in the Eskay Camp in the heart of British Columbia's prolific Golden Triangle, and the Central Newfoundland gold belt where Sassy is one of the district's largest landowners.
Contact the author at giles@proactiveinvestors.com