SILVER SPRUCE RESOURCES INC. SILVER SPRUCE
RESOURCES INC. | TSX Venture: SSE |
AIRBORNE SURVEY, GOLD GRAIN TILL SAMPLINGat MYSTERY Au,
AIRBORNE SURVEY, SPARTAN MT SURVEYON MELCHETT LAKE VMS-Au,DRILLING PHASE 1 atJACKIE Au-Ag and PHASE 2 atEL MEZQUITE Au-Ag, and DRILL TARGET MAPPINGOF DIAMANTE Au-Ag
Silver Spruce Resources Inc. is a Canadian publicly traded company that trades on the TSX Venture Exchange under the symbol SSEwith 186 MM shares outstanding. The Company has an experienced management team in the areas of exploration, prospect development, corporate finance, legal and public company management.
Silver Spruce recently signed an option agreement to acquire 100% of three grassroots Au properties, designated Mystery, in the Exploits Gold Belt in central Newfoundland. Sampling reported Au to 12.5 g/t and strong As±Sb association in abundant quartz±carbonate veins with complex laminated to multi-stage brecciation common to epithermal to mesothermal textures reported from nearby exploration projects and international analogues. An airborne survey and gold grain till sampling are readied for Q4 2021 given the recent receipt of our exploration permit.
Silver Spruce has an option to earn 100% interest in the 4,716-hectareMelchett Lakeproject. The Company controls Melchett Lakemineralization reported over 22 km of strike length. Surface samples at Melchett Lakeyielded up to
28.8 g/t Au and 19.1% Zn. Airborne survey flown Q4 2021; line-cutting and SPARTAN MT deferred to Q1 2022.
Silver Spruce has signed options with Colibri Resource Corp. and Yaque Minerales to acquire up to 50% interest in the 180-haEl MezquiteAu-Ag project, the 1,130-haJackieAu-Ag property, and the 1,057-haDiamanteAu-Ag property.
El Mezquitehas small mine workings, coincident chargeability anomalies, discrete geochemical and structural trends containing broad areas of elevated precious metal values to 3.41 g/t Au and 198 g/t Ag. Phase 2 drilling planned early 2022.
Jackie'sfirst prospecting program discovered a pristine, high-quality geochemical anomaly showing up to 9.65 g/t Au and 515 g/t Ag with intense alteration. Phase 1 drilling planned on geochemical targets in early 2022 pending SEMARNAT permit.
Diamanteexhibits multiple targets and artisanal workings, extensive alteration with disseminated, vein and stockwork style low to high sulphidation mineralization with up to 39.8 g/t Au, 3,460 g/t Ag with polymetallic values (e.g., 7.6% Pb, 6.87% Zn). Mapping and target verification for drilling planned in Q4 2021 to Q1 2022.
Silver Spruce has an option to acquire 100% of the 397-hectarePino de Plataproject, 15km west from the Coeur Mining's flagship Palmarejo Mine, Chihuahua, Mexico. Surface sampling at Pino de Platayielded silver grades over 1,100 g/t Ag with Pb, Zn and Au. Twelve Phase 1 targets at Gossan zone, skarn at Santa Elena, El Terrero mine, La Perla vein and associated alteration zone, Santa Clara, Theodora, Muro and Sierpe veins. Permitted for diamond drilling pending land access agreement.
Suite 440, 1600 Bedford Highway, Bedford, Nova Scotia, B4A 1E8 Canada
1-902-402-0388info@silverspruceresources.com www.silverspruceresources.com
- Actively exploring in Newfoundland and Ontario, Canada, and Sonora and Chihuahua, Mexico
- Gold, silver, zinc and copper; precious metal to polymetallic
- Current geological, geochemical, hyperspectral, geophysical and drilling programs funded through Q1 2022
Board and Management
Michael Kinley, CEO
- 25 years as Officer and/or Director including Opus One Resources Inc., Canada One Mining Corp. and EXMceuticals Inc., KPMG Partner.
Kevin Thieneman, Chairman and Director
- 25+ years of global company directorship and management, licensed attorney and CPA.
Greg Davison, MSc, PGeo, Vice-President Exploration and
Director, Qualified Person
- 40+ years as professional exploration geologist licensed with Engineers & Geoscientists of British Columbia (EGBC).
Kevin O'Connor, Director
- Corporate attorney based in Chicago, IL, focused on M&A, Joint Ventures and divestitures.
Art Brown, Director
- 25+ years of public company directorship and management.
Camilla Cormier, CPA, CFO
- 30 years experience as CFO and Controller, including 14 years with public companies.
Craig Gibson, PhD, CPG, Qualified Person - Pino de Plata
- 25+ years of exploration in Mexico; Certified Professional Geologist.
June 25, 2021 | |
Exchange Listings | TSX Venture: SSE FSE: S6Q1 |
OTCQB:SSEBF | |
Head office | Bedford, Nova Scotia |
Shares Outstanding | 161,933,500 |
Warrants | 72,358,508 |
Options | 7,916,667 |
Fully diluted | 242,208,675 |
Share Price Range | $.04 - $0.12 |
Debt | Nil |
Tax Loss Carry Forward | > $10 M |
Bank | TD Commercial Banking |
Auditors | Grant Thornton LLP |
"Seizing Opportunity and Creating Value"
Suite 440, 1600 Bedford Highway, Bedford, Nova Scotia, B4A 1E8 Canada
1-902-402-0388info@silverspruceresources.com www.silverspruceresources.com
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Silver Spruce Resources Inc. published this content on 31 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 19:45:04 UTC.
