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An update from Sasquatch Resources Corp. ( (TSE:SASQ) ) is now available.
Sasquatch Resources reported encouraging new sampling results from its Mount Sicker Main Waste Pile and nearby Copper Road projects, including higher-than-expected grades from deeper hand- and auger-dug samples and strong continuous channel samples from mineralized outcrops, with notable concentrations of gold, silver, copper and zinc. The company highlighted average copper grades approaching 1% from grid samples along the newly built Copper Road and higher-grade copper from adjacent mineralized veins, reinforcing the potential for both economic recovery of waste rock and further hard-rock exploration, while advancing its broader strategy of turning historical mine waste liabilities into revenue-generating, environmentally rehabilitated sites across multiple properties in British Columbia.
Spark’s Take on TSE:SASQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:SASQ is a Neutral.
Sasquatch Resources Corp. is under pressure due to financial challenges, including no revenue and shrinking cash reserves. While technical indicators and corporate events suggest potential stability and growth, the lack of earnings and negative cash flow present significant risks. The absence of debt offers some flexibility, but the company needs to secure additional funds to improve its financial standing.
To see Spark’s full report on TSE:SASQ stock, click here.
More about Sasquatch Resources Corp.
Sasquatch Resources Corp. is a Vancouver-based exploration company focused on legacy mining sites in British Columbia, targeting high-grade waste rock from historical operations containing gold, silver, copper and zinc. Its model aims to monetize near-surface waste piles while rehabilitating environmentally impacted sites and evaluating broader hard-rock mining potential at projects such as Mount Sicker, Blue Grouse, Santana, Copper Road and the Slesse Gold Claims.
Average Trading Volume: 89,725
Technical Sentiment Signal: Buy
Current Market Cap: C$3.02M
For a thorough assessment of SASQ stock, go to TipRanks’ Stock Analysis page.