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 Gold and 19.1% Zinc. 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 lead, zinc and gold. 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 MezquiteGold 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
Silver Spruce Resources Inc. published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 00:20:05 UTC.
Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario. The Project is an advanced precious and base metal property located in the Thunder Bay Mining District, northern Ontario, Canada. The Project covers 11,236 hectares with volcanogenic massive sulphide (VMS) and Au targets located in east to southeast-striking, subvertical to moderately Archean metavolcanic quartz-sericite schists to coarse fragmental units. The Company intends to own 100% interest in the Mystery Au project in the Exploits Subzone Gold Belt, Newfoundland and Labrador; 100% interest in the Pino de Plata Ag project located 15 kilometers (kms) west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico; 50% interest in the Jackie Gold project, located 5 km south-southwest of the towns of Tepoca and Carrizal, and up to 50% interest in Diamante Au-Ag project located from 5 to 15 kms northwest from Nicho deposit in Sonora, Mexico.