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... [...]
Silver Spruce Resources Inc. is pleased to announce that its exploration team has identified additional areas for further field investigation as potential drill targets for its upcoming program at the Pino de Plata project in western Chihuahua State, Mexico. Reinterpretation of current and historical data from the project and ongoing field examination by Dr. Craig Gibson, Ph.D., CPG, have identified new areas to map and [...]
Silver Spruce Resources Inc. is providing guidance to its shareholders that, although the Company has garnered support to complete the one for five rollback of its common shares at its upcoming Annual General Meeting on April 16, 2019, the Board is reconsidering that action. Based upon ongoing interpretation of current and historical data from the Pino de Plata project, Silver Spruce's board of directors feels it may not [...]
Silver Spruce Resources Inc. announces that further to its news release dated November 26, 2018, to complete a non brokered private placement of up to 60,000,000 units at a price of $0.025 and one common share purchase warrant at $0.05 the TSX Venture Exchange has granted an extension to the deadline to complete the previously announced private placement to on or before February 22, 2019. The net proceeds of the financing [...]
Silver Spruce Resources is pleased to announce that it has filed the Informe Preventivo which is required in the permitting process for initiating the drill program at its Pino de Plata silver project. The 397-hectare (Ha) project is located in the Sierra Madre Occidental of Western Chihuahua State, pproximately 15 kilometres west from Coeur Mining’s Palmarejo silver project and approximately 12 km due south of the town [...]
BRIDGEWATER, Nova Scotia, May 07, 2018 -- Silver Spruce Resources Inc. announces that it has closed its current non-brokered private placement and raised gross proceeds of $287,700.00 . The offering will consist of the issuance of 5,754,000 shares and 5,754,000 warrants. Units at $0.05 cents were offered which consisted of one common share in the capital of Silver Spruce and one purchase warrant. Each whole warrant will [...]
Silver Spruce Resources Inc. is pleased to announce that it has received its second batch of assays of mineralized rock samples taken from the development/production dumps at the Kay Mine in Arizona. This second batch consisted of fourteen additional samples taken for data verification purposes to confirm the tenor of mineralization reported by Exxon Minerals Corporation and previous developers of the mine. The samples [...]