SASQUATCH RESOURCES CORP. (CSE: SASQ) (“Sasquatch” or the “Company“) is pleased to provide updates surrounding permitting for the Mount Sicker legacy mine site land rehabilitation project, as well as recent results for exploration work completed at its recently acquired Alberni Claims, including from the Golden Dome, Golden Eagle and Star of the West areas within those claims.
“First and foremost, we are a legacy mine site rehabilitation company, and our focus is to identify such sites where historical mine operations have left behind both economic levels of valuable minerals in waste rock as well as a variety of corresponding environmental hazards,” Peter Smith, the Sasquatch CEO, commented. “Recently added to this general mandate is to identify areas where logging roads have inadvertently been constructed through sulphide mineralized outcrops.
“The approach to both scenarios is essentially the same – evaluate the grade, volume and metallurgy of sulphide-bearing mine waste and, if found to be potentially economic, proceed to crush and ore-sort the material, which should alleviate ongoing environmental issues while creating a high-grade concentrate which can be sold. This approach allows the Company to add critical and other minerals to the supply chain without the need to create permanent mining and processing infrastructure, while simultaneously allowing us to address other hazards left unaddressed from past activities, including acid run-off, open mine shafts and the like. To this end, we have added a number of properties to Mount Sicker, our flagship project, that serve as our prospective project pipeline, including Copper Road, Blue Grouse, Santana, Slesse, and the project discussed here, the Alberni Claims. Given that all these prospects are either historical mines and/or in areas of known mineralization, they are also evaluated at a high level for their hard-rock potential. This is essentially the Company’s ‘secondary’ focus; however, we plan to spend the majority of our time and resources on the rehabilitation mandate, identifying and permitting waste rock processing opportunities. Our plan with projects that demonstrate substantial ‘discovery’ potential is to seek joint venture partners or optionors with proven abilities in the development of mining prospects.”
Permitting
Sasquatch’s most advanced project is Mount Sicker, held since 2022, and the site of significant historical mining (mostly occurring between 1895 and 1915). Over the past few years the Company has taken steps to ascertain the approximate overall volume of waste rock and the corresponding grades for gold, silver, copper and zinc within the waste rock (see March 27, 2024 news release), has conducted testing to assess the potential for ore sorting and recovery of higher grade waste (see October 9, 2024 news release), and has initiated engagement with the BC Ministry of Mining and Critical Minerals (the “Ministry”) to explore permitting for the removal of the high grade waste and reclamation of the site (see May 27, 2025 news release).
The Company recently received comments regarding its ongoing Notice of Work application from the Ministry, and many of those comments have been addressed and resubmitted. However, many of the Ministry questions pertain to a detailed reclamation and mine-site closure report by Okane Consultants (“Okane”) which is currently in process. The detailed Okane report underway is a follow up to a more general report already completed by Okane in the summer of 2025. While there are still a number of project details to be addressed, significant progress has been achieved to date, including the completion of an engineering study describing the proposed crushing and sorting process and substantial strides toward ensuring community support of that process and the lands’ ultimate rehabilitation. In addition, discussions with several potential offtake partners have confirmed that there is demand for the sulphide concentrate created by the rehabilitation process at Mount Sicker. The Company plans to finalize offtake agreements once permitting nears completion. Once Okane has completed its new report, responses to the Ministry will be submitted together.
The Company’s general approach with permitting will be to seek permits for projects where there are clear existing hazards, environmental and otherwise, to be addressed. In doing so, it is assumed there will be a benefit to both the Province and the surrounding communities which should ensure support, provided the rehabilitation methods used are both environmentally sound, and address the hazards in question. In the case of Mount Sicker, large volumes of waste rock left behind from historical mining have been found to be potentially acid generating, and there are a number of old open mining shafts left unmarked, some of them hundreds of feet deep. The Okane report noted above will create a roadmap detailing how the site’s hazards can be properly addressed while safely removing the high-sulphide material, which contains gold, silver, copper and zinc.
Alberni Claims
In February 2026, Sasquatch acquired 9 mineral claims covering approximately 2,520 hectares located on Vancouver Island, British Columbia, as well as 10 mineral claims under application covering an additional 201 hectares (see news release of February 18, 2026). The claim locations are depicted in Map 1 below. Within the claims, there are three areas of particular interest that have undergone preliminary work, including at Golden Eagle, Star of the West, and Golden Dome, with the majority of the focus thus far at Golden Dome.
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