Sasquatch Resources Executes Framework Agreement for Processing Waste Rock at Its Mount Sicker Property
Sasquatch Resources Executes Framework Agreement for Processing Waste Rock at Its Mount Sicker Property
VANCOUVER, BC / ACCESSWIRE / June 24, 2024 / SASQUATCH RESOURCES CORP. (CSE:SASQ) ("Sasquatch" or the "Company") is pleased to announce that it has executed a framework agreement with Sulphide Remediation Inc. ("SRI") dated as of June 20, 2024 (the "Framework Agreement") respecting sorting and processing of waste rock found at Sasquatch's Mount Sicker Property in southern Vancouver Island, British Columbia, and the reclamation/remediation of the Property (collectively, the "Project").
SASQUATCH RESOURCES CORP. (CSE:SASQ)(以下简称“Sasquatch”或“公司”)非常高兴地宣布,公司已于2024年6月20日与Sulphide Remediation Inc.(以下简称“SRI”)签署了框架协议(以下简称“框架协议”),就位于不列颠哥伦比亚省温哥华岛南部Sasquatch的Mount Sicker房地产发现的废石排序和处理以及地产复垦/治理(统称“项目”)达成了一致。
As previously reported by Sasquatch, an independent engineering firm visited the Mount Sicker Property and concluded that small-scale processing of the waste-rock was potentially profitable. For more information about the waste rock potential at Mount Sicker please see our press release from January 18, 2023, entitled "Sasquatch Resources Highlights Waste Rock Opportunity at its Mount Sicker Property", and our press release dated September 11, 2023, and please also feel free to enjoy the following video link below: Sasquatch Waste Rock Video
正如Sasquatch之前所报道的,一家独立的工程公司访问了Mount Sicker地产,并得出结论,废石小规模处理有可能带来盈利。有关Mount Sicker废石潜力的更多信息,请参见我们2023年1月18日发布的新闻稿,标题为“Sasquatch Resources Highlights Waste Rock Opportunity at its Mount Sicker Property”以及我们于2023年9月11日发布的新闻稿,并请随时观看以下视频链接,Sasquatch Waste Rock Video。
Under the Framework Agreement, Sasquatch and SRI have agreed to split net profits from the Project on a 50/50 basis. SRI will be responsible for all capital costs for the Project, including all required capital equipment, and for providing ongoing technical advice and assistance respecting the Project. Sasquatch will be responsible for all Project costs respecting mineral claim maintenance, permitting costs and Property reclamation/remediation costs. Sasquatch will be the operator for the Project, with all technical Project operations being coordinated with SRI.
根据框架协议,Sasquatch和SRI已同意按50/50的比例分配项目的净利润。SRI将为项目承担所有资本成本,包括所有必需的资本设备,并提供有关项目的持续技术咨询和协助。Sasquatch将负责所有项目成本,包括矿产权维护、许可成本以及地产复垦/治理成本。Sasquatch将是项目的运营商,所有技术项目操作将与SRI协调。
With the Framework Agreement now executed, SRI will prepare a detailed study respecting the Project (the "Project Study"), which will include but not be limited to: (a) a reasonably comprehensive financial model for the Project based on all available information; and (b) potential plans and options for off-take / toll processing of all materials derived from the Project. Provided that the Project Study confirms that the Project will result in reasonable net profits for both parties, SRI and Sasquatch will negotiate, execute and deliver a more comprehensive agreement respecting the Project (the "Project Agreement"), which will be based on the terms of the Framework Agreement and will provide greater detail respecting the Project, Project operations and decision-making, Project accounting and determination of net profits from the Project.
随着框架协议的签署,SRI将准备一份关于项目的详细研究(以下简称“项目研究”),其中将包括但不限于:(a)根据所有可用信息制定项目的相对全面的财务模型;和(b)所有物质衍生物的产物的离线/通行费处理潜在计划和选项。只要项目研究确认项目将为双方带来合理的净利润,SRI和Sasquatch将就项目达成更全面的协议,该协议将基于框架协议的条款,并且将提供有关项目、项目运营和决策、项目会计以及从项目获得净收益尽可能详细的信息。
As a part of the Project Study, Sasquatch has already randomly collected and sent approximately 500kg of waste-rock for an initial test run. Sampled material will be crushed and screened to between 10mm and 65mm, and then run through a Tomra Duoline Transmission mobile sorting unit, which uses density, X-ray and artificial intelligence to sort higher grade rocks from low-grade or no-grade rocks. Results are expected shortly, and Sasquatch will provide an update respecting the initial test run in due course.
作为项目研究的一部分,Sasquatch已经随机收集并发送约500kg的废石进行了初始测试。样品将被破碎和筛分至10mm至65mm之间,然后通过一个Tomra Duoline Transmission移动排序单元运行,该单元使用密度、X射线和人工智能将高品位矿石与低品位或无品位矿石进行排序。结果预计不久会出现。Sasquatch将在适当的时候提供有关初始测试运行的更新。
If the Project proceeds, waste-rock on the Property would be processed using a mobile crushing and sorting unit, with higher-grade material containing copper, gold, silver, zinc and lead shipped off-site for further processing. The site would then be reclaimed in consultation with local government and First Nations.
如果项目得以实施,则将使用移动破碎和分选装置对房地产上的废石进行处理,其中含有铜、金、银、锌和铅的高品位物质将被运往外部进一步处理。地点将在与当地政府和第一民族进行协商的情况下得以恢复。
The Company has already had an initial meeting with representatives from the Ministry of Energy, Mines and Low Carbon Innovation, and intends to submit a "Project Description", which will outline the key components of the proposed Project, including a schedule, description of proposed works and activities, anticipated permitting requirements and implications of the proposed Project to the environment, worker health and safety, and First Nations (including socio-economic and cultural impacts) in the near future. The Company is also actively consulting with affected local First Nations.
公司已经与省能源、矿业和低碳创新部门的代表举行了初步会议,并计划近期提交一份“项目描述”,概述拟议项目的关键组成部分,包括时间表、拟议作业和活动的描述、预计的许可要求以及拟议项目对环境、工人健康和安全以及第一民族(包括社会经济和文化影响)的影响。公司还积极与受影响的当地第一民族进行磋商。
Peter Smith, Sasquatch's CEO, said, "Although there is a great deal of work yet to be done, we are extremely excited about recent developments at Mount Sicker, an area traditionally known as Skw'aakw'unu. Historical mining, primarily occurring between 1895 and 1915, has left a large amount of waste-rock, which has proven in testing thus far to still have high grades of copper, gold, silver, zinc and lead. Moreover, the historical mining site contains numerous hazards, some of them potentially life-threatening, and a reclamation/remediation component, which would certainly be attached to this Project, would not only clean up the massive mess which has remained on Skw'aakw'unu for over 100 years, but would also address all these hazards. Unsurprisingly, thus far we have received enthusiastic local support and we feel this Project could be a tremendous win-win, economically and environmentally, for the people of the Cowichan Valley."
Sasquatch的首席执行官彼得·史密斯(Peter Smith)说:“虽然还有大量的工作要做,但我们对Mount Sicker的最新进展非常兴奋,这个地区传统上被称为Skw'aakw'unu。历史矿业主要发生在1895年至1915年之间,留下了大量的废石,在测试中仍然证明具有高品位的铜、金、银、锌和铅。此外,历史矿业遗址包含许多危险,其中一些可能具有危及生命的潜在威胁,而复垦/治理部分无疑将与该项目相关联,不仅可以清理Skw'aakw'unu上超过100年的庞大混乱,而且还可以解决所有这些危险。毫不奇怪的是,到目前为止,我们已经得到了当地的热情支持,我们认为这个项目对于Cowichan Valley的人们在经济和环境方面都可能是一个巨大的双赢。”
Brent Hilscher, P.Eng., of SRI said, "The proposed remediation of the Mount Sicker Property is an excellent example of new technology being used to clean the environment while potentially generating significant cash flow."
SRI的Brent Hilscher说:“在清洁环境的同时,使用新技术进行Mount Sicker房地产的治理是创造巨大现金流的绝佳示例。”
About Sulphide Remediation Inc.
关于硫化物治理公司
Sulphide Remediation Inc. is focused on cleaning legacy mine sites while generating critical minerals in a sustainable manner. SRI is led by Brent Hilscher. Brent has over 25 years of experience in mining and mineral processing. He has designed, built, and operated major processing plants. He has published papers, patented technologies, and been a speaker at over a dozen conferences and universities around the world. Brent has won national awards for technical excellence and has been consulted as an advisor for the World Bank, United Nations, Government of Canada, and NASA mining research projects. He has volunteered as an executive for both the CIM and CMP. With over 65 successful projects and studies Brent is one of the world leaders in the field of mineral grade sorting.
硫化物治理公司专注于以可持续的方式清理历史矿山,同时生成重要的矿物。SRI由Brent Hilscher领导。Brent在采矿和矿物处理方面拥有超过25年的经验。他设计、建造和运营了主要的处理厂。他发表了论文、获得了专利技术,并在世界各地的一打大学和会议上担任讲师。Brent因技术卓越获得了国家级奖励,并且曾作为世界银行、联合国、加拿大政府和NASA采矿研究项目的顾问进行咨询。他已担任CIM和CMP的执行成员。约有65个成功的项目和研究使Brent成为矿物等级分选领域的世界领先者之一。
About Sasquatch Resources Corp.
关于Sasquatch Resources Corp.
Sasquatch Resources Corp. is a mineral exploration company focused on its Mount Sicker Property in southern Vancouver Island, British Columbia. For further information, please refer to the Company's disclosure record on SEDAR+ () or contact the Company by email at psmith@sasquatchresources.com or by telephone at 778.999.7030.
Sasquatch Resources Corp.是一家专注于不列颠哥伦比亚省南温哥华岛的Mount Sicker Property的矿产勘探公司。如需更多信息,请参阅公司在SEDAR+上的披露记录(),或通过电子邮件(psmith@sasquatchresources.com)或电话(778.999.7030)联系公司。
On Behalf of the Board of Directors
Peter Smith
Chief Executive Officer
778.999.7030
董事会代表
Peter Smith
首席执行官
778.999.7030
Forward-Looking Information
前瞻性信息
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Mount Sicker Property, the proposed work program on the Mount Sicker Property and the potential and economic viability of the Mount Sicker Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
此新闻稿中的某些陈述是前瞻性陈述,包括未来计划和其他事项。前瞻性陈述包括不纯粹是历史性陈述的陈述,包括关于未来信仰,计划,期望或意图的任何陈述。这种信息通常可以通过使用前瞻性措辞来确定,例如“可能”,“预计”,“估计”,“预期”,“打算”,“相信”和“继续”或其否定语或类似变体。请警惕读者,在准备任何前瞻性信息时使用的假设可能证明是不正确的,包括有关公司在探索和开发Mount Sicker Property方面的业务计划,Mount Sicker Property上拟议的工作计划以及Mount Sicker Property的潜力和经济可行性的假设。事件或情况可能导致实际结果与预测的结果不同,因为存在许多已知和未知的风险,不确定性和其他因素,其中许多因素超出了公司的控制范围,包括但不限于业务,经济和资本市场条件,管理营业费用的能力和对关键人员的依赖。此类陈述和信息基于对现在和未来业务战略以及公司将来经营环境的估计,预期成本和实现目标的许多假设。导致实际结果与前瞻性陈述不同的因素包括,持续获得资本和融资,诉讼,交易对方未能履行其合同义务,失去关键员工和顾问以及一般经济,市场或业务条件。此新闻稿中包含的前瞻性陈述明确受到这一警示声明的约束。务必提醒读者不要过分依赖任何前瞻性信息。
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
本新闻稿中包含的前瞻性陈述是自本新闻稿日期起的陈述,除非法律要求,公司否认任何意图并不承担更新或修订任何前瞻性陈述的义务,无论是因为新信息、未来事件还是其他原因。
The CSE has not reviewed, approved or disapproved the contents of this news release.
加拿大证券交易所未审查,未批准或不批准此新闻稿的内容。
SOURCE: Sasquatch Resources Corp.
消息来源:Sasquatch Resources Corp.