Sparton Resources Inc. - Oakes and Bruell Gold Projects: Winter Work Programs Underway
Sparton Resources Inc. - Oakes and Bruell Gold Projects: Winter Work
Programs Underway
TORONTO, Feb. 23, 2022 -- Sparton Resources Inc . ( TSXV-SRI) ("Sparton" or the " Company") is pleased to announce
that the Induced Polarization (IP) survey covering the Oakes area and surrounding claims near Matachewan Ontario has
started. As well, mobilization in order to carry out the 5,000 metre drill program at the Bruell Project in Quebec is in process,
with drilling expected to begin the first week of March.
OAKES IP PROGRAM
The survey has been contracted to Canadian Exploration Services Ltd. of Larder Lake, Ontario, and will involve the use of a
“distributed array IP electrode system”. This will enable effective data to be generated under Hawley Lake. Only limited line
cutting is required for this method which can use existing trails and roads on the property.
Project objectives are to establish size geometry and extent of the mineralization in the vicinity of the old Oakes supported
shaft and other zones nearby. The work is expected to be completed by mid March and results available by the end of that
month.
BRUELL DRILLING PROGRAM
As reported in the Company news release dated January 25 th, 2022, Eldorado Gold Corp. has indicated that the 5,000 metre
core drilling program at Bruell will begin the first week of March 2022. The work will comprise a number of holes to test several
target areas located by Eldorado in their comprehensive work program as well as the new mineralization located by the
Company in its earlier work. It is expected to continue for several months depending on weather conditions. Access has been
prepared and equipment is being mobilized to the property.
“We are looking forward to positive results from these programs”, stated Lee Barker, Company CEO. “The Oakes geophysical
work should provide a clearer understanding of the geometry and distribution of structures and mineralization at Oakes and
help guide a new drilling program there later this year. Eldorado’s comprehensive drill testing of the various targets outlined is
expected to greatly enhance the potential of the Bruell Property.”
ABOUT THE COMPANY
Sparton is a mineral exploration company currently focused on exploring gold projects near producing mines on or near the
major gold producing trends in eastern Ontario and western Quebec where it holds interests in two exploration prospects. The
Bruell Property in Quebec, which hosts a new gold discovery, is under option to Eldorado Gold Corp., which owns the nearby
producing Lamaque Mine. The Sir Harry Oakes Gold Property in Ontario, is in close proximity to Alamos Gold’s producing
Young Davidson Mine.
Sparton also holds a 9.8% interest in VRB Energy Inc., a leading vanadium flow battery manufacturing company that is
currently private.
A. Lee. Barker M.A.Sc., P. Eng., is the Qualified Person under NI 43-101 responsible for the technical information in this news
release, has reviewed all available data for the projects discussed here, and has approved the contents of this news release.
For more information contact:
A. Lee Barker, M.A Sc., P. Eng.
President and CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: [email protected], Website: www.spartonres.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-
looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such
forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking
statements included in this news release are made as of the date hereof and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the
expectations represented in such forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements.
This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.
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