SASQUATCH RESOURCES provided an update respecting its Mount Sicker property within the Victoria Mining Division of British Columbia, Canada. 15 of the mineral claims comprising the property are covered by a property option agreement (the "Mount Sicker Agreement") dated as of October 1, 2021, 1 mineral claim is covered by a property option agreement (the "Tyee Agreement") dated as of November 5, 2021, and the remaining 4 claims were staked by the Company. The Company has decided to not fulfill its second anniversary option obligations under the Mount Sicker Agreement, and accordingly that agreement has terminated. Sasquatch intends to focus its efforts on the remaining 5 claims comprising the Mount Sicker Property covering a total area of approximately 1,805 hectares, including in particular the mineral claim covered by the Tyee Agreement, where most if not all
of the waste rock and tailings on the property are located, as further described by Sasquatch in its September 11, 2023 news release. As noted in that news release, Tetra Tech Canada Inc., a leading provider of high-end consulting and engineering services, has completed a preliminary review and memorandum outlining development options for reprocessing waste rock and tailings at the Mount Sicker property and concludes that a waste rock processing operation at Mount Sicker has the potential to be economically viable.