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 [...]
Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Intent 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 Sokomon Iron Inc.'s Moosehead gold project. "Newfoundland offers a [...]
Silver Spruce Resources Inc. is pleased to announce the completion 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. The first seven drill holes were completed on June 14th and the Company is anticipating the final results of gold, silver and multi-element analyses by mid-August. The remaining thirteen holes were [...]
Silver Spruce Resources Inc. is pleased to announce the continuation of its Phase 1 exploration drilling at the El Mezquite Au-Ag property . The first seven drill holes are complete and have been submitted to the laboratory, and Layne de Mexico has added a second drill to the Property to aim to complete the 2,475 metres of drilling by the end of next week. "We are pleased that the arrival of a second drill at El Mezquite [...]
Silver Spruce Resources Inc. is pleased to announce the signing of a contract with Strategic Consultants IGIS, based in Chihuahua to conduct a comprehensive interpretation of regional ASTER and LANDSAT 8 OLI data over three exploration properties comprising El Mezquite, Jackie and Diamante. The 180-ha El Mezquite and 1,057-ha Diamante Concessions are drill-ready precious metal projects located 10 km and 5 km [...]
Silver Spruce Resources Inc. is pleased to announce the commencement of its Phase 2 ground exploration program on the 1,130-hectare Jackie Au-Ag property. The current program will concentrate around a pristine exploration target with promising Au-Ag assays from our Phase 1 prospecting and rock sampling program. The work will be performed on a 100-hectare section of the Property with grid-controlled detailed geological [...]
Silver Spruce Resources Inc. is saddened to report the passing of Dr. Brian Penney, Chairman of the Board of Directors, and past CEO and CFO of the Company. Brian was born in London, England on June 6th, 1944 and passed on June 5th, 2021 in Halifax, Nova Scotia, his home for many years, at the age of 76 years. The Company extends its deepest condolences to his family and friends for our collective loss. Dr. Penney was [...]