Sasquatch Resources Executes Option Agreement for Additional Mineral Claims on Vancouver Island

Sasquatch Resources Corp. (CSE:SASQ) has entered into an option agreement with Justin Deveault regarding two mineral claims on Vancouver Island. Covering 340.13 hectares, the claims grant Sasquatch three years to explore and process minerals, including waste rock from historical mining activities as deep as 10 meters from the surface.

Located near Blue Grouse claims and accessible via logging roads, the area includes a historical mine that produced copper, silver, and gold between 1917-1919 and 1956-1960. Sasquatch plans to assess the waste rock's economic potential over the coming months.

As part of the agreement, Sasquatch must maintain the claims in good standing and, upon commercial production, pay $25,000 and a 2% net smelter returns royalty to Deveault. The deal is classified as a "related party transaction" but is exempt from certain valuation and minority shareholder approval requirements due to its size.