Silver Spruce Resources Inc. is deeply saddened by the passing of its longtime friend, collegue and CFO, Gordon Harold Barnhill. He passed away peacefully in the Halifax Infirmary, QEII, Halifax on August 28, 2019 at the age of 77. Gordon was dedicated to to his family and to professional excellence. He will be greatly missed. The Company extends its deepest condolences to his family and friends for our collective loss [...]
- Silver Spruce Resources Inc. is pleased to announce the closing of its financing. The Company has issued 5,225,000 units at $0.05 per unit for gross proceeds of $261,250. Each unit consisted of one common share and one, full, two-year warrant, exercisable at $0.075 into one common share. All units acquired pursuant to the private placement, and shares which may be acquired upon the exercise of the warrants, are subject [...]
- Silver Spruce Resources Inc. is providing the following information regarding the Company’s news release of 15 July 2019. As a result of a review by the Nova Scotia Securities Commission, we are issuing the following news release to clarify our disclosure. The Company was notified that an estimate of mineral resources in the section titled, “Non-Qualified Resource” of the 15 July 2019 news release was not acceptable [...]
- Silver Spruce Resources Inc. is pleased to announce that it has received assays from due diligence samples taken from the Timmins Gold reverse circulation drill program stored at the project and assays from new surface samples taken by the independent Qualified Person preparing the maiden NI 43-101 report on the Cocula project in Jalisco State, Mexico. The reverse circulation drill samples for due diligence purposes [...]
Silver Spruce Resources Inc. is pleased to announce that it has received the final payment for Kay Mine from CroesUS Gold Corp. The Company would like to thank CroesUS Gold Corp. for its final payment of $150,000 which concludes Silver Spruce €™s sale of the Kay Mine project. Silver Spruce extends best wishes to Croesus on its endeavour to advance the project. Silver Spruce will use some of the proceeds from the sale of the Kay Mine to immediately fund the due diligence program at its advanced Cocula gold project. Current Financing Update The Company has eliminated the forced conversion provision on its warrants to be issued in conjunction with its current financing. Silver Spruce is offering units at $0.05 which include one share and one, full, two-ye... [...]
Silver Spruce Resources Inc. announces a non-brokered private placement to sell up to 15,000,000 units in the capital of the Company at a price of $ 0.05 cents per Unit for total proceeds of up to CDN $750,000. Each unit will consist of one common share in the capital of Silver Spruce and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Silver Spruce for $0.075 [...]
Silver Spruce Resources Inc. is pleased to announce that the Company has received a $200,000 cash payment from Croesus Gold Corp. that purchased the Kay Mine project from Silver Spruce. According to terms of the sale agreement with Croesus, the Company elected to receive all cash in lieu of shares of Croesus, which intends to complete a go-public transaction later this year. After that go-public transaction is completed [...]
Silver Spruce Resources Inc. is pleased to announce that the Company has awarded the contract for the imminent Phase I drill program at Pino de Plata to ECODRILL of Mexico. ECODRILL will mobilize equipment and personnel immediately and plans to begin drilling within a week. ECODRILL is an industry leader in environmentally sound drilling practices, and uses a proprietary process to conserve water for drilling. The [...]
Silver Spruce Resources Inc. is pleased to announce the very positive results and conclusions from the recently completed field program at Pino de Plata project in western Chihuahua State, Mexico, located just 15 straight-line kilometres from Coeur Mining's Palmarejo gold and silver mine. The work program was conducted by ProDeMin geological services company under the direction and supervision of Qualified Person, Dr [...]
Silver Spruce Resources Inc. is pleased to announce that it has received the assays from confirmation samples taken by a third-party, arm's length company at the two, large potential bulk tonnage targets, El Terrero and the Gossan areas on its Pino de Plata project in western Chihuahua State. The Company contracted Prospeccion y DesarrolloMinerodel Norte, S.A. de C.V. to complete detailed geologic mapping, sampling and [...]
Silver Spruce Resources Inc. is pleased to announce that its ongoing field exploration work continues to expand the known mineralized areas and has identified additional drill targets for its upcoming program at the Pino de Plata project in western Chihuahua State, Mexico. "The more work we complete, the better I like it!" stated Karl Boltz, CEO. "ProDeMin geologists have discovered new veins and expanded mineralized [...]
Silver Spruce Resources Inc. is pleased to announce that CroesUS Gold Corp. announced that it entered a Letter of Intent for a proposed Qualifying Transaction to become listed on the TSXV via reverse takeover. The completion of the transaction ensures that Silver Spruce will receive $100,000 cash payment and receive $250,000 worth of shares of the new company once it is listed. These cash and share payments were terms of the sale of the Kay Mine project to Croesus . "The Croesus announcement is a positive step toward bolstering our balance sheet and increasing our diversity of assets. We believe the historic resource at the Kay Mine to be robust in grade and open to expansion, with significant exploration activities. We extend best wishes to Croesus as they advanc... [...]
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