Silver Spruce Resources Inc. announced today that a finder's fee of 7% in cash and shares , will be paid to Golden Salmon Capital Corp., an arm's length party, in accordance with the scheduled payments provided for in the Agreement relating to the acquisition by the Company of the Mystery, Till and Marilyn mineral properties Option and Purchase Agreement dated September 7, 2021 . The finder's fee will be paid subject to [...]
Silver Spruce Resources Inc. is pleased to announce a technical services agreement signed with MPX Geophysics Ltd. to carry out an airborne survey of the Melchett Lake Zn-Cu-Au-Ag volcanogenic massive sulphide project . Melchett is an advanced precious and base metal property located in the Thunder Bay Mining District, northern Ontario, Canada . The Property lies 110 km north of Geraldton and 60 km north of Nakina. "With [...]
Silver Spruce Resources Inc. announced today that it has closed its private placement for proceeds of $1,205,800. The private placement consisted of the issuance of 24,116,000 units at a price of $0.05 per unit with each unit consisting of one common share and a warrant to purchase an additional common share at an exercise price of $0.075 per share on or before September 29, 2024. The securities issued pursuant to the [...]
Ginoogaming First Nation and Silver Spruce Resources Inc. are pleased to announce entering into an exploration agreement by which Ginoogaming in exercising its inherent jurisdiction has issued its permit and approval to Silver Spruce to undertake mineral exploration in part of Ginoogaming's territory known as Melchett Lake, in northwestern Ontario. "We are happy to see things progress the way they should be done," says [...]
- Silver Spruce Resources Inc. announces the receipt of all assays from the twenty holes of its Phase 1 exploration drilling at the El Mezquite Au-Ag property . "We are pleased to report encouraging precious metal assays in nineteen of the first twenty holes drilled at El Mezquite. The second group of results returned gold values to 1.435 g/t Au. As noted previously, the drilling data are consistent with our exploration [...]
Silver Spruce Resources Inc. is pleased to announce that it has signed a Definitive Agreement with two parties to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, located near Grand Falls, Newfoundland, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokoman Minerals Corp.'s Moosehead gold project. Figure 1. Location Map of [...]
Silver Spruce Resources Inc. announced today that the Board of Directors has appointed Kevin Thieneman as Chairman of the Board of Directors effective September 10, 2021. Mr. Thieneman was appointed to the Board on April 28, 2020. Mr. Thieneman was formerly the President of Caterpillar Inc. Forest Products Business Unit, and currently serves as Chairman for LiuGong North America and Vice President of Guangxi LiuGong [...]
- Silver Spruce Resources Inc. is pleased to announce the receipt of its report from Strategic Consultants IGIS, based in Chihuahua, Mexico, providing a comprehensive interpretation of regional ASTER and LANDSAT 8 OLI data over three exploration properties comprising El Mezquite, Jackie and Diamante . Figure 1. El Mezquite, Diamante 1 and 2, and Jackie Concession Location Map. Nicho mine development by Minera Alamos [...]
Silver Spruce Resources Inc. announced today that it has increased its private placement up to $1,500,000. The private placement will now consist of the issuance of up to 30,000,000 units at a price of $0.05 per unit with each unit consisting of one common share and awarrant to purchase an additional common share at an exercise price of $0.075 per share for a period of three years from the closing of the private [...]
- Silver Spruce Resources Inc. is pleased to announce the receipt of assays from the first ten holes of its Phase 1 exploration drilling at the El Mezquite Au-Ag property . A total of 2,485 metres were drilled in twenty holes covering eight collar locations. Figure 1. El Mezquite property showing RC rig from Layne de Mexico "We received favourable precious metal assays in nine of the first ten holes consistent with our [...]
Silver Spruce Resources Inc. announced today a private placement of up $1,000,000. The private placement will consist of the issuance of up to 20,000,000 units at a price of $0.05 per unit with each unit consisting of one common share and a warrant to purchase an additional common share at an exercise price of $0.075 per share for a period of three years from the closing of the private placement. The proceeds from the [...]
Silver Spruce Resources Inc. is pleased to announce promising gold and multi-element assay results of its Phase 2 ground exploration program on the 1,130-hectare Jackie Au-Ag property . The program was focused around a pristine exploration target with encouraging Au-Ag assays from our Phase 1 prospecting and rock sampling . The work was performed on a 100-hectare section of the Property with grid-controlled detailed [...]
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