Sparton Resources Inc.

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 [...]

Sparton Resources Inc. announced today that it has executed a Term Sheet with an international mid-tier gold and base metals producer by which the Producer will, subject to certain terms and conditions, acquire an option to earn up to an initial 75% interest in the expanded Bruell Project in Vauquelin Township, Quebec . The non-binding TS contemplates execution of a definitive option agreement between Sparton and the [...]

Sparton Resources Inc. announced today that it has increased the size of Bruell Gold Property in Vauquelin Township, Quebec, by approximately thirty percent. Fifteen additional mining claims have been acquired from a private prospector and these represent an approximate four kilometer easterly extension of the original 36 claim Bruell claim group which hosts newly discovered gold mineralization contained in a number of [...]

Sparton Resources Inc. announced today that it has secured an option to purchase a strategic gold prospect, comprising 3 Mining Leases in the Matachewan gold mining area of northern Ontario. In addition, the Company has also acquired through staking an additional 12 Mining Claim Units adjacent to the area of the Mining Leases . OPTION TO PURCHASE AGREEMENT Sparton has executed a 4-year Option to Purchase Agreement with a [...]

Sparton Resources Inc. is pleased to announce the results of additional testing conducted on its behalf by Central America Nickel Inc. on the vanadium mineralization hosted in black shale from Jiangxi Province in China, using CAN’s Ultrasound Assisted Extraction technology . The results reported are from the Quankeng Stone Coal Mining License in the Xiushui area of Jiangxi, which has been under evaluation by the [...]

Sparton Resources Inc. announced today that it has received final assay results from the second three-hole drill program completed on the Bruell Gold Property in Vauquelin Township, Quebec. The three holes all intersected gold mineralization and were completed for a total of 818 metres. Mineralization in five of the six holes completed appears to be continuous along the 200 metre strike length tested. Please see Company [...]

Sparton Resources Inc. is pleased to announce that its 90% owned subsidiary VStar Industries Inc. , has signed a binding term sheet to acquire 100% of the Bei An Mining License in Jiangxi Province China. The BAML is a fully permitted 1.8 sq. kilometre vanadium mining license located in the Xiushui area of Jiangxi where the Company has been developing and evaluating vanadium opportunities for over 10 years. TERM SHEET [...]

Sparton Resources Inc. is pleased to announce the test results conducted on their behalf by Central America Nickel Inc. on the vanadium mineralization hosted in black shale from Jiangxi Province in China, using the CAN’s Ultrasound Assisted Extraction technology . The material tested was taken from the Quankeng Stone Coal Mining License in the Xiushui area of Jiangxi, which has been under evaluation by the Company [...]

Sparton Resources Inc. announced today that it has closed, effective February 20, 2019, agreements for private placement financing totalling $100,000 through the sale of 1,430,000 flow through shares to three accredited investors. Each Flow Through Common Share. is priced at $0.07. The placement is non-brokered and finder’s fees and commissions totalling $5,219.50 are being paid from the proceeds of the financing [...]