Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino De Plata project in western Chihuahua State, Mexico. The Company has signed a binding Letter of Intent to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, Canada and a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
The Cocula Project
The Cocula project covers a 233.5 hectare land package that hosts part of a regional structural trend of gold, silver and base metal prospects. Cocula is an epithermal deposit with veins and breccia zones forming mineralized shoots hosted in intrusive rocks. The gold-rich breccia structure has a surface expression on the project of at least 800 metres along strike and is open in both directions and down dip. The project was previously explored by Timmins Gold, now Alio Gold, ("Timmins") until July 2011, when the company focused on its operating San Francisco mine.
The Melchett Lake VMS Project, Thunder Bay Mining District, Ontario
The Melchett Lake belt contains several occurrences of polymetallic Zn- Pb-Cu-Ag-Au VMS style mineralization similar in character to ore deposits exploited at Mattabi, Winston Lake, Geco, Brunswick, Rouyn-Noranda and Uchi Lake.
The Ontario Geological Survey Exploration Highlights in 2016-2017 reported "The potential of discovery of economic zinc-lead-silver-gold-bearing VMS deposits in the Melchett Lake greenstone belt is high."
The multi-kilometre strike length of the known areas of mineralization, depth potential indicated by the Maxwell modelling, broad intervals of mineralization, intense alteration profile similar to well-known polymetallic deposits, and presence of high grade values of both precious metals and base metals clearly provide Silver Spruce Resources Inc. with an opportunity to grow with the strong gold, silver and zinc markets.
Pino de Plata
Epithermal silver/base metal/gold project located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico. The property consists of 397 ha concession containing a number of historic artisanal mine workings dating back to the Spanish Colonial era. The Company has completed a maiden 43-101 exploration assessment on the property and based on high silver values in surface channel samples (>500 opt Ag) is pursuing a targeted exploration program which will include geophysics, geochemistry and a drilling program on three identified targets.
Silver Spruce Resources Inc. is a publicly traded company listed on the TSXV under the ticker symbol SSE. If you are a U.S resident and would like to purchase Canadian securities traded on the TSXV or CSE please open an account at Interactive Brokers (Phone # 877-442-2757). Interactive Brokers is an online discount brokerage that offers U.S residents access to trading Canadian securities.