Sassy Gold Corp. Expands Uranium Holdings in Utah's Lisbon Valley

Sassy Gold Corp. has provided an update on its acquisition of uranium properties, securing its position as the leading landholder in Utah's Lisbon Valley, a historically significant uranium-producing area. With the inclusion of a state lease in Utah adjacent to the Central Lisbon Project, Sassy's land package now covers a substantial portion of this district. The Lisbon Valley, which stretches 16 miles in length and up to a mile wide, was responsible for producing 78 million pounds of uranium between 1948 and 1988, making up 9% of the total U.S. uranium output during that period.

There is significant potential for new discoveries in Lisbon Valley, especially in the under-explored Cutler Formation, known for hosting massive sandstone units with economic uranium deposits identified in the late 1970s. Besides uranium, the valley has also yielded over 24 million pounds of vanadium oxide, predominately from the central and southern sectors of the valley.

Sassy's President and CEO, Mark Scott, has indicated that the company is moving forward with finalizing the definitive agreement necessary to complete these acquisitions. Scott highlighted the strategic importance of Utah for business and uranium milling, pointing out the exceptional exploration upside and historical production significance of the Lisbon Valley District. With 14 past producing properties under its belt, Sassy is positioned to unlock substantial value for its shareholders.