Silver Spruce Resources Inc. announces that it will undertake a non-brokered private placement financing for up to $500,000 in the form of Units . Each Unit is comprised of an unsecured note in the principal amount of $10,000 and 80,000 common shares of the Company at a deemed price of $0.025 per Bonus Share. Notes are non-transferrable, will bear interest at 8% per annum and will mature 18 months from the date of issue [...]
- Silver Spruce Resources Inc. , with its partner Colibri Resources Corp. , announces further promising intersections of gold, silver and base metals from near-surface to 75 metres depth in the first shallow R/C drilling program on the Diamante project which has had no prior drilling history. Ten holes were drilled in the 2,006-metre program at the La Prieta Au-Ag-Pb-Zn-Cu targets . The highest-grade samples returned [...]
Silver Spruce Resources Inc. announced today a second and final closing of its private placement of up to $300,000. The second closing of the private placement consisted of the issuance of 5,880,000 units at a price of $0.025 per unit for gross proceeds of $147,000. Each unit consisted of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share on or before September [...]
Silver Spruce Resources Inc. , with its partner Colibri Resources Corp. , announces promising shallow intersections of base metal, silver and gold values from the first R/C drilling program on the Diamante project . Nineteen holes were drilled in its 2,005-metre program at the La Prieta and El Pillado Au-Ag-Pb-Zn-Cu targets . "We are pleased to report the initial results from our maiden exploration drilling program on two [...]
Silver Spruce Resources Inc. , with its partner Colibri Resources Corp. , announces that their Hermosillo-based team of geologists and service contractors has completed the first R/C drilling program on the Diamante project. Nineteen holes were drilled in its 2,005-metre program at the La Prieta and El Pillado Au-Ag-Pb-Zn-Cu targets . The drill-ready Diamante gold-silver property is located 5 km northwest of Tepoca, and [...]
- Silver Spruce Resources Inc. announced today a first closing of its private placement of up to $300,000. The first closing of the private placement consisted of the issuance of 4,690,000 units at a price of $0.025 per unit for gross proceeds of up to $117,250. Each unit consisted of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share on or before July 26, 2025 [...]
Silver Spruce Resources Inc. is pleased to announce the mobilization of its local exploration team, managed by the Property Vendor, to resume the gold grain in till sampling and soil geochemical sampling on the Mystery Au project . The Company signed a Definitive Agreement in September 2021 with two parties to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, located near Grand [...]
Silver Spruce Resources Inc. announces that the Company has fulfilled the terms of the earn-in agreement with Colibri Resource Corp. , earned its 50% interest and signed a Joint Venture Agreement to move forward with additional exploration at the Jackie project, Sonora, Mexico. "We are pleased to have expedited the earn-in requirements, signed the JV with Colibri and, with operating permits in place from SEMARNAT, look [...]
Silver Spruce Resources Inc. with its partner Colibri Resources Corp., announces that the Company has mobilized its Hermosillo-based team of geologists and support personnel to the Diamante project, and collared the first hole of its 2,000 metre R/C program at the Pillado Au-Ag-Pb-Zn-Cu target. "We are pleased to begin our maiden exploration drilling program on several highly prospective areas of Diamante. Our first two [...]
Silver Spruce Resources Inc. announced today a private placement of up to 12,000,000 units at a price of $0.025 per unit for gross proceeds of up to $300,000. Each unit will consist of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share for a period of three years from the closing of the private placement. The proceeds from the private placement will be used for [...]
Silver Spruce Resources Inc. announces that the Company has signed contracts with Constructora Trax and Minera Drilling, both from Hermosillo, Mexico, respectively, for the preparation of access trails and pads, and drilling 2,000 metres of reverse circulation drill holes on the principal drilling target areas of the Diamante 1 and 2 concessions, specifically on the first-priority targets at Pillado , La Prieta and Calton [...]
Silver Spruce Resources Inc. announces that the Company has received high-grade Au-Ag-Pb-Zn-Cu assays upon completion of its Phase 1 geological mapping program on the principal drilling target areas of the Diamante 1 and 2 concessions. "We are pleased to report Au values to 51.5 g/t from silicified breccias in the Calton target, the highest Au grade yet reported from Diamante, and Ag values >1,000 g/t were recorded from [...]
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