Silver Spruce engages Environmental Report for Drill Permit, updates historical sampling from Diamante Au-Ag Concessions, Sonora, Mexico - Artisanal Workings to 25.69 g/t Au, 1,360 g/t Ag, 18.2% Pb, 33.5% Zn, 1.47% Cu
Silver Spruce engages Environmental Report for Drill Permit, updates historical sampling
from Diamante Au-Ag Concessions, Sonora, Mexico - Artisanal Workings to 25.69 g/t Au,
1,360 g/t Ag, 18.2% Pb, 33.5% Zn, 1.47% Cu
January 24, 2022 - Bedford, NS - (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce"
or the "Company") announces that the Company has initiated its Informe Preventivo for
application to the Mexican government environmental authority SEMARNAT for the Diamante
drilling permit . Silver Spruce engaged Green & Ceo, Asesorío Profesional y Securidad en
Ambiente, of Hermosillo, Sonora to manage the environmental permitting process. The
SEMARNAT permit is expected within four to six weeks of submission.
The Company also is pleased to provide high -grade results from additional historical rock
sampling at several known targets with artisanal workings. Recent literature research identified
reports with maps, field sampling sections and assays for seventy-seven (77) previously unreleased
samples with precious and base metal values reporting up to 25.69 g/t Au, 1,360 g/t Ag, 18.2% Pb,
33.5% Zn and 1.47% Cu. The surface and U/G channel samples (to 2.5 metres) were collected
from Diamante 1, the northern concession, at the La Prieta, Aguaje, El Chon, El Chon Oeste , El
Chon Sur, Hacia del Oeste, La Olla, Lupita, Pillado, Pillado Sur and Pillado Grande targets (Figure
1). The highest-grade individual sample was collected from a 15cm vein in the La Prieta workings
(25.69 g/t Au, 1,265 g/t Ag, 18.2% Pb, 23.0% Zn and 1.47% Cu).
The Diamante gold-silver (Au-Ag) project (“Diamante” or the Property”) is a drill-ready precious
metal property located 5 km northwest of the town of Tepoca, and 165 km southeast of the capital
city of Hermosillo, eastern Sonora, Mexico (Figure 2).
Diamante offers strong precious metal tenor with a polymetallic endowment like the Company’s
Pino de Plata project, and both contain multiple quality targets, limited artisanal mining and small-
scale production , of particular significance for our exploration moving forward, no records of
drilling on either property.
“Diamante provides our third opportunity to work again with Saul Ruiz and his team at Green and
Ceo to advance the permitting process for our maiden drilling program proposed for the property.
The original environmental application for our El Mezquite property attested to their high-quality
technical reporting skills and expertise ,” stated Greg Davison, Silver Spruce Vice -President
Exploration and Director. “The recent desktop research in Hermosillo contributes significantly to
our geological and assay database. This work confirms additional vein samples with excellent
polymetallic grade of the mineralization ahead of the target mapping program scheduled during
February 2022. Most importantly, the strong results are represented in multiple targets. The
upcoming geological work will focus on several priority targets documenting detailed lithologies,
mineralization, structural measurements and verification of sampling coordinates with a view to
optimization of the proposed drill target depths and orientations.”
Media Release
Figure 1. Diamante 1 Concession Map with location of known mineralized targets and sampled surface
and underground artisanal workings. Recent LiDAR analysis identified >50 surface pits and workings.
Figure 2. Diamante 1 and 2 Concession Location Map. Note adjacent El Mezquite and Jackie
Concessions. Nicho mine development by Minera Alamos is located 12 km SE of Diamante.
Diamante
Jackie
El Mezquite
“Additionally, the areas of alteration reported using hyperspectral imaging require authentication
by ground exploration and hand-held spectral data as part of the drill target definition,” said Mr.
Davison. “The property earn -in requires Silver Spruce to conduct an initial 2,000 metre drilling
program to test first priority targets defined by the Phase 1 exploration program.”
Historical Rock Sampling
The recently acquired reports and maps contained polymetallic assays of rock samples from La
Prieta, Aguaje, El Chon, El Chon Oeste, El Chon Sur, Hacia del Oeste, La Olla, Lupita, Pillado,
Pillado Sur and Pillado Grande targets (Figure 2). Table 1 and 2 provides geochemical results for
select samples (n=30 of 77) sorted by Au and Ag, respectively from seven target areas.
Table 1. Select precious metal and base metal assays (n=11) sorted by Au (>1 g/t).
Table 2. Additional select assays (n=19) sorted by Ag with anomalous Pb, Zn and/or Cu.
Location Sample ID Au ppm Ag ppm Pb ppm Zn ppm Cu ppm
La Prieta D-4 25.69 1,265 182,200 230,720 14,700
La Prieta 30257 5.21 446 96,600 12,900 5,420
La Prieta 1886 4.979 260 7,273 19,347 953
El Chon 30293 3.03 1,360 103,500 327 ---
La Prieta D-6 2.77 172 3,900 3,860 400
La Prieta 30259 2.14 4 299 291 61
El Chon Oeste 1920 1.54 746 16,781 1,145 517
La Olla D-4 1.19 85 36,000 184,000 ---
La Prieta D-5 1.04 226 19,900 24,330 2,600
Aguaje 1882 1.028 310 19,892 4,290 181
La Prieta 1885 1.013 81 20,556 12,074 1,138
Location Sample ID Au ppm Ag ppm Pb ppm Zn ppm Cu ppm
El Chon 1891 0.292 1,067 3,990 264 39
Aguaje 1883 0.902 321 20,355 5,100 207
El Chon 30292 0.796 185 11,500 287 ---
Hacia el Oeste D-13 0.23 170 4,400 15,780 1,300
Pillado 1876 0.306 159 20,085 285,520 783
La Olla D-5 0.16 150 28,000 156,000 ---
La Olla D-1 0.98 145 25,000 35,000 ---
La Olla D-6 0.366 90 19,800 225,000 ---
El Chon 1917 0.174 86 4,787 539 131
La Prieta 30256 0.976 86 20,200 32,800 1,110
Pillado D-9 0.27 84 23,500 197,200 500
La Prieta D-3 0.89 79 11,900 10,460 1,100
Pillado 30254 0.331 79 19,150 29,400 806
La Olla D-2 0.85 68 34,500 165,000 ---
La Olla D-3 0.5 65 46,000 285,000 ---
La Olla D-7 0.61 58 17,800 335,000 ---
El Chon Oeste 1922 0.143 42 16,500 751 737
El Chon D-2 0.46 39 9,300 1,560 1,700
Pillado 30251 0.3 25 3,820 99,300 271
Diamante includes twelve known occurrences at La Prieta, El Aguaje, El Chon, El Pillado, La
Olla, La Cruz and El Caso, Mezquite Raizudo, El Puerto, El Cumbro, Calton and the Southern
Anomaly (Anomalía Sur) (see Press Release - April 12, 2021).
Sampling hig hlights from these areas of interest, some with artisanal mining, have reported
significant precious and base metals in samples collected from historical mine dumps, small-scale
processing slag and assays from vein and stockwork-style mineralization (see Press Release - April
12, 2021).
Silver Spruce sent a team of two geologists to the Diamante Concessions to check the known
targets and conduct preliminary sampling from the artisanal workings at Calton, El Cumbro, La
Olla, La Prieta and El Chon (see Press Release - April 26, 2021). The due diligence visit verified
the location and presence of high -grade Au-Ag and Pb -Zn-Cu values, and pathfinder elements
including As, Sb, Hg, Cd and Bi, from selected small-scale workings and dumps which provide an
excellent starting point for building discoveries in several diverse geological settings.
Based on the distribution of the overall sampling (n=354), several new ly renamed targets are
designated, and the Diamante concessions overall comprises eighteen mineralized areas with seven
under consideration for the Phase 1 drilling. These include La Prieta, El Cumbro, Mezquite
Raizudo, El Chon, La Olla, Calto n and Pillado. Disseminated and stockwork mineralization at
Anomalía Sur and El Puerto offer bulk low-grade targets.
Figures 3 and 4 illustrate the La Prieta and El Chon drilling vein target areas with precious metal
values by class, and artisanal pits and workings. The latter follow projected surface exposures of
vein mineralization.
Figure 3. El Chon drill target on LiDAR high resolution base map showing easy access from Highway 16.
Au and Ag in graduated symbology. LiDAR analysis shows surface pits and workings.
Project Geology
The Property is located within the west -central portion of the Sierra Madre Occidental Volcanic
Complex within the prominent northwest -trending “Sonora Gold Belt” of northern Mexico and
parallel to the well-known, precious metals-rich Mojave-Sonora Megashear.
Exploration identified geological features of epithermal low to intermediate sulphidation Ag -Au
(Pb-Zn), high sulphidation Au-Cu, and potential transition to porphyry style Au-Cu. Precious and
base metal polymetallic mineralizatio n occurs as disseminated, stockwork and vein styles
accompanied phyllic, argillic, advanced a rgillic and propylitic zones, with near -surface
overprinting by weathering with iron oxide and oxyhydroxide staining, jarosite and relict vuggy
silica.
New TLALI a lgorithm maps for the LANDSAT 8 OLI and LANDSAT/ASTER data ( see Press
Release - September 9, 2021) confirmed the spectral response for silicification and argillic
alteration, including generic clay, alunite, pyrophyllite, kaolinite and silica coincident with known
artisanal vein workings and disseminated gold targets.
Figure 4. La Prieta drill target on LiDAR high resolution base map showing easy access from Highway
16. Au and Ag in graduated symbology. LiDAR analysis shows surface pits and workings.
Mineralization is reported visually as pyrite, arsenopyrite, chalcopyrite, sphalerite, argentiferous
galena, argentite, hematite and probable metal oxides, carbonates and sulphates, including copper
carbonate (malachite), copper sulphates and plumbojarosite.
Structural lineaments with ENE, NE and NW orientations identified in the historical exploration
correspond to known vein systems. Branching and oblique vein sets to the N -S direction were
noted from the ENE veins.
Project Background
Silver Spruce can acquire up to 50% interest in four Diamante concessions, with a cumulative land
position of 1,057 hectares, from Colibri Resource Corp. (TSXV:CBI) (“Colibri”), and its wholly-
owned Mexican subsidiary, Yaque Minerales SA de CV (“Yaque”). The adjacent El Mezquite and
Jackie projects currently are subject to option agreements with Colibri wherein SSE can earn 50%
of the gold and silver projects , and their proximity provides opportunities for cost -effective
exploration and drilling synergies.
The nearby large operating mines include Alamos Gold’s Los Mulatos gold mine and Agnico
Eagle’s La India gold mine, Agnico’s Pinos Altos mine and Argonaut’s La Colorada Mine.
Exploration in the surrounding area is very active with adjacent and nearby properties held by
Evrim, Newmont, Garibaldi, Kootenay Silver and Penoles.
The Property is very well situated in terms of logistics for exploration and twelve to fifteen
kilometres west and northwest of the Nicho deposit currently under mine development by Minera
Alamos. The Property is easily accessible from Mexican Highway #16 which transects Diamante
1 and on ranch trails and dry river beds to Diamante 2. High voltage power lines are positioned
along Highway #16.
Geochemical Analysis, Quality Assurance and Quality Control
All metal values disclosed herein by historical operators (Pan American Silver, Minera Teocuitla)
are reported from grab and chip samples which may not be representative of the metal grades. The
Company has reviewed the available historical property reports and copies of assay certificates
from International Plasma Labs Ltd. (“IPL”), later known as Inspectorate Americas, and currently
Bureau Veritas Group, and compared the grades with sampling programs and assays reported by
the Vendors and Silver Spruce (see Press Releases - April 12 and April 26, 2021) . IPL was an
independent commercial laboratory with ISO 9001 -2000 certification during the 2005 -20011
period of the historical work. The Company’s Qualified Person believes that the sampling,
analytical protocols and data will withstand scrutiny for inclusion.
Qualified Person
Greg Davison, PGeo , Silver Spruce VP Exploration and Director, is the Company’s internal
Qualified Person for the Diamante Project and is responsible for approval of the technical content
of this press release within the meaning of National Instrument 43 -101 Standards of Disclosure
for Mineral Projects ("NI 43-101"), under TSX guidelines.
About Green & Ceo
Green & Ceo, Asesorío Profesional y Securidad en Ambiente (Professional Advisory and Safety
in the Environment), based in Hermosillo, Mexico, specializes in solving, optimally and
sustainably, all matters of Environmental Management, Safety and Hygiene, typical of current
Economic Development. Green & Ceo is a CEDES Accredited Service Provider (Prestador de
Servicios Acreditado por CEDES).
With its background of knowledge and more than 12 years of experience in this type of permit for
the mining industry, Green & Ceo takes investors hand in hand to obtain Authorizations, Licenses,
Permits, as well as the Environmental Management and Security of any economic venture
(www.green-ceo.com). In particular, the report wi ll be prepared by Sr. Saul Ruiz (Green Star)
who has a track record of more than twenty-seven years.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed
Definitive Agreements to acquire 100% of the Melchett Lake Zn -Au-Ag project in northern
Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque
Minerales S.A de C.V. holding the El Mezquite Au project, a drill -ready precious metal project,
and up to 50 % interest in each of Colibri's early stage Jackie Au and Diamante Au -Ag projects,
with the three properties located from 5 kilometres to 15 kilometres northwest from Minera
Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready
and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's
Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce signed a Definitive Agreement to
acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located
15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp.,
central Newfoundland and Labrador . Silver Spruce Resources Inc. continues to investigate
opportunities that Management ha s identified or that have been presented to the Company for
consideration.
Contact:
Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
Michael Kinley, CEO
(902) 826-1579
www.silverspruceresources.com
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.
Notice Regarding Forward-Looking Statements
This news release contains "forward -looking statements," Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future,
including but not limited to, statements regarding the private placement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing
on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-
looking statements are made as of the date of this news release, and we assume no obligation to update the forward -looking
statements, or to update the reasons why actual results could differ from those projected in the forward -looking statements.
Although we believe that the beliefs, plans, expectations and i ntentions contained in this press release are reasonable, there can
be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.