SILVER SPRUCE RESOURCES INC. SILVER SPRUCE
RESOURCES INC. | TSX Venture: SSE |
PHASE 1 DRILLINGON THE EL MEZQUITE Au-Ag PROJECT,
NEW DISCOVERYAT JACKIE Au-Ag PROJECT,
ACQUISITIONOF HIGH GRADE DIAMANTE Au-Ag PROJECT,
and SPARTAN MT SURVEYON MELCHETT LAKE VMS-Au PROJECT
Silver Spruce Resources Inc. is a Canadian publicly traded company that trades on the TSX Venture Exchange under the symbol SSEwith 161 MM shares outstanding.
The Company has an experienced management team in the areas of exploration, prospect development, corporate finance, legal and public company management.
Actively exploring in Canada; Sonora and Chihuahua, Mexico
Silver Spruce has an option to earn 100% interest and also acquired by staking the 4,716-hectareMelchett Lakeproject located within an historically active region north of the Marshall Lake VMS and O'Sullivan Lake Au projects. 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. Camp construction, line-cutting and SPARTAN MT Q1-3 2021.
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 highly anomalous 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.
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. Drilling scheduled for June 2021.
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 2 to focus on target definition and coverage of ASTER anomalies starting June 2021.
Diamanteexhibits multiple targets and artisanal workings, extensive alteration with disseminated, vein and stockwork style low to high sulphidation mineralization. Historical and recent assays range up to 39.8 g/t Au, 3,460 g/t Ag with moderate to high grade polymetallic values (e.g., 7.6% Pb, 6.87% Zn). Mapping and target verification to define drill targets planned in Q3/4 2021.
Suite 440, 1600 Bedford Highway, Bedford, Nova Scotia, B4A 1E8 Canada
1-902-402-0388info@silverspruceresources.com www.silverspruceresources.com
- Actively exploring in Canada; Sonora and Chihuahua, Mexico
- Gold, silver, zinc and copper; precious metal to polymetallic
- Surface mineralization and drill intervals to >500m depth
- Phase 1 hyperspectral, geophysical and drill programs funded
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 O'Connor, Director
- Corporate attorney based in Chicago, IL, focused on M&A, Joint Ventures and divestitures.
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).
Art Brown, Director
- 25+ years of public company directorship and management.
Kevin Thieneman, Director
- 25+ years of global company directorship and management, licensed attorney and CPA.
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.
March 31, 2021 | |
Exchange Listings | TSX Venture: SSE FSE: S6Q1 |
OTCQB:SSEBF | |
Head office | Bedford, Nova Scotia |
Shares Outstanding | 160,789,167 |
Warrants | 73,369,508 |
Options | 7,300,00 |
Fully diluted | 241,458,675 |
Share Price Range | $.015 - $0.090 |
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 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 00:58:00 UTC.
