Sparton Resources Inc. Announces Bruell Project Results Exploration Permit Received for Oakes Project Area
Sparton Resources Inc. Announces Bruell Project Results
Exploration Permit Received for Oakes Project Area
TORONTO, Dec. 13, 2022 -- Sparton Resources Inc. (the “Company”) (“SRI”-TSX-V) is pleased to report summary results
from the Eldorado Gold Corporation drill program, completed at the Company’s Bruell property east of Val d’Or Quebec. On
October 26, 2022, Sparton reported that it has completed the earn-in and exercised its option to acquire 100% of the 51 claim
Bruell Property in Vauquelin Township, Quebec (the “Bruell Property”) from the underlying vendors. Please see Company news
release dated October 26, 2022, for details.
It was also announced at that time that Eldorado had requested, and Sparton had agreed to a one-year extension on the
Eldorado Option Agreement. In consideration for the extension, Eldorado has agreed to carry out a minimum of 4,000 meters
of additional drilling as a new option commitment. The additional drilling will test several geochemical (till) anomalies, as well
as follow-up holes on positive results from the recently completed 2022 drilling program, and test other areas of the property.
Bruell Project
In 2022, Eldorado completed 11 diamond drill holes totaling 4,745 meters. Complete assays are now available. The drilling
work (9 holes) concentrated on the area between the Avocalon /Aurora shaft and the area where Sparton drilling in 2018-2019
located several wide shear zones with anomalous gold mineralization. Please see Sparton News Release dated April 25,
2019. Two holes (numbers 10 and 11) were drilled about 2,500 meters to the east of this area to test a gold-in-till geochemical
anomaly. Highlights of the assay results follow:
Hole ID Zone From To Core length True thickness Au selection (ppm)
BU-22-001 BRU 265.30 266.10 0.80 0.53 0.76
BU-22-002 BRU 149.70 152.40 2.70 2.05 1.26
BU-22-002 BRU 167.60 170.20 2.60 1.97 1.71
BU-22-002 BRU 251.95 253.00 1.05 0.76 3.44
BU-22-002 BRU 289.75 298.00 8.25 5.90 0.51
BU-22-005A BRU 75.90 77.00 1.10 0.88 0.71
BU-22-005A BRU 125.50 126.00 0.50 0.39 1.76
BU-22-005A BRU 195.30 199.80 4.50 3.39 0.60
BU-22-005A BRU 370.10 377.40 7.30 5.18 0.91
BU-22-009A BRU 189.70 191.40 1.70 1.14 7.46
BU-22-009A BRU 232.50 234.20 1.70 1.11 4.22
BU-22-009A BRU 246.00 252.00 6.00 3.87 0.93
BU-22-011A BRU 347.80 348.30 0.50 0.33 12.26 VG
BU-22-011A BRU 416.20 418.60 2.40 1.53 2.25
Eldorado’s 2022 work also involved structural analysis of the geometry of the mineralized intervals to determine true thickness.
As well, limited trenching, stripping and sampling where feasible, was completed in the central claim area. No drilling was
done in the vicinity of the Bruell 1 and Bruell 2 shaft areas to the north and west of Avocalon/Aurora area. A map showing the
drill hole locations will be posted on the Sparton website at www.spartonresources.com. The Hole Collar Table for the Bruell
drilling follows the text of this news release.
Exploration activities on the Bruell project have been conducted under the direct supervision of Eldorado Gold Québec
employee Nathalie Prud’homme, P.Geo. from Eldorado Gold who is a qualified person as defined by National Instrument 43-
101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and has verified and approved, the scientific and technical
disclosure contained in this press release in relation to the Bruell project. Eldorado operates its exploration programs
according to industry best practices and employs rigorous quality assurance and quality control procedures. All results are
based on half-core samples of diamond drill core. Drill core samples were prepared and analyzed at ALS-Chemex Laboratories
in Val d’Or, Quebec. All gold assays are based on fire assay analysis of a 30 gm charge followed by an atomic absorption
finish. Samples with gold grades above 5.0 g/t were re-assayed and completed with a gravimetric finish. Some of the samples
were prepared and analyzed at the MSA Lab in Val-d’Or where a 500 gm charge is analyzed for gold by gamma ray with
photon assay instrumentation. Certified standard reference materials, field duplicates and blank samples were inserted
regularly and were closely monitored to ensure the quality of the data.
Company President, A. Lee Barker commented: “We are delighted that Eldorado will carry on the work at Bruell in 2023 and
have been very pleased at the systematic work program completed so far. The new zone discovered in Hole 11 has confirmed
the effectiveness of Eldorado’s approach and we are looking forward to more positive results going forward. Bruell’s strategic
location in the Val D’Or East Gold Area and proximity to Eldorado’s Lamaque Operations are strategic factors warranting the
additional work at Bruell and we believe that the added drilling planned for the 29 square kilometer property can enhance the
prospects of discovering an economic gold deposit.”
Oakes Project Area New Exploration Permit
The Company also reports that it has now received an exploration permit from the Ontario Ministry of Natural Resources to
allow up to 2,000 meters of drilling, and overburden stripping and sampling on claims west of Hawley Lake, Ontario, adjacent
to where the old Oakes Syndicate supported shaft is located, and Sparton focused it past work. These claims were not part of
the original property package and contain a number of high priority induced polarization (“IP”) anomalies located in Sparton’s
earlier work programs. These are associated with syenite Porphyry intrusive rocks which host both gold and base metal
mineralization in the area. Testing them will be part of the Company’s planned 2023 exploration work.
VRB Energy Update
Final decisions on the large Hubei Project battery contract in China are now expected to take place before the Chinese New
Year which occurs on January 22, 2023. Delays in the decision process have been mainly due to COVID issues in PRC and
their effects on the multiple parties involved in the contract, which will be with the Hubei State Power Company.
A. L. Barker M.A.Sc., P. Eng., is the Qualified Person under NI 43-101 for the technical information in this news release and
has reviewed current data for the Bruell Property and approved the contents of this news release.
Bruell 2022 Drilling Collar Table Status Azimuth Dip Length (m) Easting UTM NAD 83 Northing_UTM NAD 83
BU-22-001 4.04 -50 299.79 329662 5332764
BU-22-002 345.04 -50 342.09 329669 5332624
BU-22-003 2.04 -50 364.6 329530 5332291
BU-22-004 2.04 -50 394.21 329859 5332770
BU-22-005 Abandoned 2.04 -50 46.25 330054 5332765
BU-22-005A 2.04 -55 440.64 330054 5332765
BU-22-005B Abandoned 2.04 -50 33 330054 5332765
BU-22-005C Abandoned 2.04 -55 27 330054 5332765
BU-22-006 4.04 -55 484.63 330155 5332787
BU-22-007 10.04 -55 24.2 330228 5332780
BU-22-007A 10.04 -55 29.5 330228 5332780
BU-22-007B 10.04 -55 457.82 330228 5332780
BU-22-008 2.04 -50 447.12 330347 5332766
BU-22-009 Abandoned 178.04 -50 21 330466 5333000
BU-22-009A 178.04 -50 446.52 330466 5333000
BU-22-010 20.04 -50 402 332458 5332666
BU-22-011 Abandoned 11.04 -50 37.5 332610 5332684
BU-22-011A 11.04 -50 444.32 332610 5332684
Total 4742.19
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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