Sasquatch Resources Corp. Acquires Mineral Claims South of Chilliwack near the USA Border

Core Viewpoint - Sasquatch Resources Corp. is acquiring 14 mineral claims known as the Slesse Gold Claims, covering approximately 1,989 hectares near Chilliwack, British Columbia, close to the USA border [1][2]. Acquisition Details - The acquisition includes 11 claims covering about 1,567 hectares through an asset purchase agreement with Justin Deveault, a director of the company [1][11]. - An application has been made for 3 additional claims covering approximately 422 hectares, with an expected registration confirmation timeframe of 60 to 120 days [1][2]. Historical Context - The additional claims applied for encompass the former Mountain Goat Mines, which were active in the early 1900s and contain several historic mining waste piles [2]. - Historical exploration in the Mountain Goat Mines area suggests the presence of gold-bearing quartz veins of considerable grade [6]. Exploration Activities - Sasquatch's CEO reported extensive mineralization in the Slesse Gold Claims area, including large float boulders, outcrops, and quartz veins [6]. - The company has taken several samples from the area and anticipates reporting results once received [6]. Related Party Transaction - The agreement with the vendor includes a covenant for Sasquatch to utilize the vendor for exploration activities, provided compliance with applicable laws and market rates [11][12]. - The vendor will receive a 2% net smelter returns royalty on the claims, with an option for Sasquatch to buy back half of the NSR for $1,000,000 [11]. Company Overview - Sasquatch Resources Corp. focuses on mineral exploration, with interests in various properties including the Mount Sicker Property, Blue Grouse Property, Santana Property, and the newly acquired Slesse Gold Claims [13].