Sparton Resources Inc.

Sparton Resources Inc. announced the following today. Exploration Update At the Bruell Project, east of Val D’Or, Quebec, Eldorado Gold Corp. has completed a detailed airborne magnetic survey over the claim area as well as a mechanized till sampling program. Prospecting and geologic mapping is underway. The magnetic and till sampling data are being compiled to assist in guiding the field work. At the Oakes Project, near [...]

Sparton Resources Inc. announced today that it has completed, effective July 29, 2020, a $533,250 private placement financing through the sale of 3,620,000 Non-Flow Through Share Units and 5,870,333 Flow-Through Share Units to a number of individual accredited investors . A total of 9,490,333 units are to be issued. No Quebec Flow Through Share Units were sold as Eldorado Gold Corp. is carrying all the costs for the [...]

Sparton Resources Inc. announced today that it intends to enter into agreements for a private placement financing totalling up to $500,000 through the sale of up to a total of 8,333,333, Non-Flow Through Share Units, Flow Through Share Units and Quebec Flow Through Share Units, , in aggregate, to accredited investors. Each NFTSU is priced at $0.05 and each FTSU is priced at $0.06. QFTSUs are priced at $0.065 each. The [...]

Sparton Resources Inc. announced today that it has acquired eighteen additional mining claim units adjacent to or nearby to the Company’s Sir Harry Oakes Mining Leases held in the Matachewan gold mining area of northern Ontario . CLAIM PURCHASE AGREEMENT Sparton has executed a Purchase Agreement with a private owner to acquire a 100% unencumbered interest in the 18 claim units for a cash consideration. This increases the [...]

Sparton Resources is pleased to announce that VRB Energy Solutions Inc. announced via Twitter on June 2, 2020, the commissioning of a 5 kW vanadium redox battery, as part of a 10 kW photo-voltaic plus energy storage system pilot demonstration project with Hesteel Group Company Ltd, the largest steel and vanadium supplier in China. This solar-shifting pilot project is just the first step toward widespread deployment of the [...]

Sparton Resources Inc. announced updated plans today for its gold exploration projects in Ontario and Quebec. Sparton, as a requirement for exploration permit applications, has begun consultation with the Matachewan Ontario area Affected First Nations . These include the Matachewan First Nation, the Temagami First Nation, the Metis Nation and the Wabun Tribal Council. Support is expected from all groups and initial [...]

Sparton Resources Inc. announced today that, due to restricted working conditions related to the current COVID-19 Pandemic it has extended the date for filing its 2019 year end Financial Statements and Management Discussion and Analysis . On March 23, 2020 Canadian securities regulators granted public issuers a 45-day extension of time for filing these documents and companies with December 31 year fiscal ends such as [...]

Sparton Resources Inc. announced today that it has acquired an additional fourteen mining claim units adjacent to and nearby the 3 former Sir Harry Oakes Mining Leases held under option in the Matachewan gold mining area of northern Ontario. Sir Harry Oakes is one of Canada’s most successful mining figures, who originally acquired claims central to this land package in the 1930s. See Sparton News release dated [...]

Sparton Resources Inc. announced today that it has executed definitive agreements, including an option agreement with Eldorado Gold Corp. an international mid-tier gold and base metals producer, under which Eldorado was granted an option to earn up to an initial 75% interest in the Company’s 51-claim Bruell Gold Project in Vauquelin Township, Quebec . During its 2018-2019 2,000 metre drill program, Sparton located [...]

Sparton Resources Inc. announced today that it has successfully completed initial reconnaissance work on three Mining Leases near Hawley Lake in the Matachewan gold mining area of northern Ontario. See Sparton News Release dated September 25, 2019. HISTORICAL TECHNICAL INFORMATION The three Mining Leases were historically held by the Sir Harry Oakes Interests in the 1930s and explored by a shallow shaft with lateral [...]