Silver Spruce prospecting and geological program identifies drill targets on epizonal arsenopyrite-quartz-carbonate veins and breccias in Marilyn claims at Mystery Au Project, Exploits Gold Belt, Newfoundland and Labrador
Silver Spruce prospecting and geological program identifies drill targets on epizonal
arsenopyrite-quartz-carbonate veins and breccias in Marilyn claims at Mystery Au
Project, Exploits Gold Belt, Newfoundland and Labrador
November 27, 2023 - Bedford, NS - (TSXV:SSE) - Silver Spruce Resources, Inc. ("Silver Spruce"
or the "Company") is pleased to announce completion of our Phase 2 prospecting, mapping, rock
sampling, and structural overview as integral aspects of its ongoing exploration program at the
602-claim Mystery Au project (“Mystery”) (see Figure 1).
“As per our planned summer programs, we initiated and completed in three stages, over the
Marilyn claim block, prospecting, rock and soil sampling, structural mapping and further regional
till sampling with a primary view to drill target generation in Q4 20 23. Prospecting of the new
Marilyn claims identified localized float and outcropping rock samples showing intense
silicification with iron carbonate accompanied by multi -phase siliceous veins and breccias, and
minor to trace arsenopyrite, pyrite, chalcopy rite and malachite (see Figures 2, 3 and 4 ). Gold to
1035 ppb, arsenic to >1000ppm and antimony to 346 ppm are typical to the coincident precious
metals and pathfinder elements of the regional orogenic mineralizing systems”, said Greg Davison,
Silver Spruce VP Exploration and Director . “Structural geological mapping on the ground and
desktop analysis of the property geophysics reported an E -W trending topographic and magnetic
lineament associated with steeply south-dipping quartz veins, brecciation and carbonate alteration
exposed along the banks of Tote Brook. Mineral textures of vuggy quartz and laminated
chalcedony point to high-level epizonal veins though more evaluation of the spatial position within
the system is clearly warranted.”
“We are pleased to announce that an initial 4-hole drilling plan was developed to target the
downdip projection of the surface vein exposures at Tote Brook (Figures 4 and 5). Further work
to isolate and orient the bedrock source and define Au-bearing drill targets in the southern Marilyn
claim also will be a focus of the follow-up field program,” added Mr. Davison. “The drill permit
application was submitted to the Mineral Lands Division of the Department of Industry, Energy
and Technology (IET). Diamond drilling is scheduled to follow immediately upon receipt of all
requisite IET and MOT permits.”
Recent map staking (see Press Release February 8, 2023) of additional claims tied to both the
Marilyn and Till properties effectively doubled property coverage to 148 square kilometres
(14,790 ha). The new claims occur adjacent to several gold grain and g eochemical anomalies
reported from the Company’s 2021 and 2022 Phase 1 programs.
A total of twenty-seven (27) rock samples, one hundred and eight (108) soil samples and sixty-
five (65) till and soil samples were collected during the recent exploration programs. As per the
previous campaigns, the tills, averaging 12kg in weight of screened -¼” or -½” material, were
shipped to Nepean, Ontario and submitted to Overburden Drilling Management (“ODM”) for
Media Release
processing and gold grain size and morphological analysis. The soil samples were shipped to ALS
Global in North Vancouver for gold and multi-element analysis. Rock samples were delivered to
Eastern Analytical in Springdale, NL for precious metal and multi-element analysis.
Figure 1. Map of the Marilyn and Mystery properties showing gold grain frequency recovered during
over major structural features (red) and geological contacts. Rock sampling noted in Marilyn claim.
Figure 2. Marilyn property showing central (Tote Brook) and southern clusters of sampling in siliceous
veins, carbonate alteration and breccias. Anomalous gold, arsenic and antimony values were reported.
Figure 3. Marilyn property showing southern cluster of rock sampling in siliceous veins, carbonate
alteration and breccias. Anomalous gold, arsenic and antimony values are tabulated.
Figure 4. Marilyn sampling from southern cluster (747011 - top, 747012 - bottom) showing brecciation,
episodic massive to vuggy silica veining and surface oxidation of sulphides including arsenopyrite.
Sample Au Ag As Sb
Number ppb ppm ppm ppm
747007 136 >6.0 >1000 346
747008 1035 5.7 >1000 287
747009 174 <0.2 511 17
747010 108 0.2 >1000 60
747011 104 0.2 178 31
747012 23 <0.2 518 136
747014 76 3.4 >1000 173
747015 9 <0.2 >1000 85
747017 142 0.3 >1000 47
747007, 747008
Figure 5. Marilyn property showing plan view of Phase 1 drill targeting on Tote Creek along coincident
E-W topographic and magnetic lineament (yellow dash), in the Badger Group and western contact of the
Mount Peyton Intrusion, with surface exposures of multi-stage quartz-carbonate veins and breccias with
vuggy quartz and laminated chalcedonic textures. Four holes (two scissor sections) are proposed from
the collars TB01 and TB02 to intersect the down-dip projection of the veins.
Exploration
The Properties comprise a large, virtually untested area with many outcrop showings and
mineralized float, prospective geology, and regional and second order geophysical structures
within and adjacent to our holdings. The Company has staged plans to continue regional till
sampling for gold grain analysis and soil geochemistry, regional and property scale airborne
geophysical compilation and interpretation, prospecting, ArcGIS geological and geophysical data
compilation and grid soil sampling with a tighter grid spacing. Further wide-spaced sampling also
is proposed for both the currently incomplete areas near anomalous sample results and infill
sampling for several targets of the claim package. Contracting for detailed interpretation of the
regional geophysics and Property airborne data was announced recently (see Press Release of
November 9, 2023).
Project Background
The Company signed a Definitive Agreement in September 2021 with two parties (the “Vendors”)
to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, (the
“Property” or the “Properties”) located near Grand Falls, Newfoundland and Labrador , Canada,
20-25 kilometres west of New Found Gold Corp.’s Queensway project and 15-35 kilometres south
of Sokoman Minerals Corp.’s Moosehead gold project. The recently staked claims are contiguous
to this property and subject to first rights under the 5 km Area of Interest in the Agreement.
The 14,790-hectare project is located within the Exploits Subzone, an extensive area of mineral
exploration activity and discoveries over the past four years. The Properties are well situated in
terms of exploration logistics, located close to each other and 10 -45 kilometres south by Bay
d’Espoir Highway from Bishop’s Falls, Newfoundland. The Properties are located <70 kilometres
from the Gander International Airport and are easily accessible from major paved roads and local
logging and bush roads and trails.
The region is structurally complex and located, in large part, between several major crustal
lineaments. Numerous major to lesser sub -parallel features merge and bifurcate along strike and
are transected by NW and EW -trending faults. These deep -seated structures, which juxtapose
geological terranes over hundreds of kilometres, are key to the location and formation of orogenic
gold deposits containing several million ounces of gold as reported by junior companies in the
district.
Early work in 2003-2004 by Rubicon Minerals on the Mystery Lake area reported massive to semi-
massive occurrences of arsenopyrite and gold assay values to 17,678 ppb (17.7 g/t Au). Historical
assays were reported for 123 samples collected by the Vendor from Mystery and Marilyn (see
Press Release of September 14, 2021). Eighteen samples reported Au >0.5 g/t (max. 12.5 g/t Au).
Cu values were reported up to 9.85% with minor Ag, Pb and Zn. Arsenic was highly anomalous
in thirty-six samples reporting over 2,200 ppm upper limit for Inductively Coupled Plasma (ICP -
OES) analysis, strongly associated with elevated Au values and displayed as minor to abundant
arsenopyrite.
Multiple surface occurrences are reported of agate chalcedony to colloform and crystalline silica
veining and multi-phase breccias, carbonate replacement by quartz, and open-space filling quartz
and calcite, all textures indicative of the upper zones of epithermal systems and structural conduits
in orogenic systems, and are accompanied by gold, arsenopyrite, stibnite, chalcopyrite, bornite and
Cu carbonate mineralization in quartz veins, black shale and other sedimentary units, and
ultramafic and gabbroic intrusions.
Silver Spruce collected new rock samples and received an independent report on the mineral and
rock textures potentially related to shallow epithermal and/or orogenic vein -style mineralization.
The Company completed an initial phase of till and soil sampling in late 2021, and an airborne
magnetic, VLF-EM and radiometric survey in February 2022 (see Press Release of February 23,
2022).
The Company’s reconnaissance sampling (95 sites) was completed before the winter 2021
shutdown and an additional thirty-four of the readily accessible sites were tested during the 2022
field season. The 2023 till sampling (66 sites) of the new claims iden tified our best gold grain
frequency data so far with a maximum of thirty-nine grains in GR-37 (see Figure 6) in the southern
part of the claims and other significant results spread from north to south throughout the Marilyn
claims.
Figure 6. Marilyn property showing till sampling with gold grain frequency recovered during 2021-2023
programs. Sample GR-37 (max. 39 grains) noted.
Geochemical Analysis, Quality Assurance and Quality Control
ALS Global (“ALS”) is a North Vancouver, BC facility certified as ISO 9001:2008 and accredited
to ISO/IEC 17025:2005 from the Standards Council of Canada. Multi-element analysis - Pulps
(50g) were analysed by Aqua Regia digestion followed by a combination of Inductively Coupled
Plasma Atomic Emission Spectrometry ICP Mass Spectrometry (ICP-AES and ICP-MS) (AuME-
TL44).
Eastern Analytical (“EA”) is a Springdale, NL facility accredited to ISO/IEC 17025:2005 from
the Standards Council of Canada . Fire assay (30g) - A sub-sample is subjected to lead-
collection/fusion into a silver dore bead which is dissolved by Aqua Regia digestion with analysis
by Atomic Absorption (AA). Multi-element analysis - The 200mg samples of the pulps were
totally dissolved in four acids and analyzed by 34 element Inductively Coupled Plasma - Optical
Emission Spectrometry (ICP-OES) (Au + ICP-34).
All sample and pulp rejects will be stored pending full review of the analytical data, and future
selection of pulps for independent third-party check analyses, as requisite.
ALS and EA conduct their own internal QA/QC program of blanks, standards and duplicates, and
the results are provided with the Company sample certificates. The results of the internal and
control samples were reviewed by the Company's QP and evaluated with acceptable tolerances for
disclosure. The Company’s Qualified Person believes that the sampling documentation, analytical
protocols and quantitative data will withstand scrutiny for inclusion.
Qualified Person
GR-37
Greg Davison, PGeo , Silver Spruce VP Exploration and Director, is the Company’s internal
Qualified Person for the Mystery 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 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, 100% interest in the Mystery Au project near recent discoveries by Sokom an Minerals
Corp. and New Found Gold Corp. among others in the Exploits Subzone Gold Belt, Newfoundland
and Labrador, 100% interest in the Pino de Plata Ag project located 15 kilometres west of Coeur
Mining's Palmarejo Mine in western Chihuahua, Mexico and up to 50% interest in Colibri
Resource’s Diamante Au-Ag project located from 5 kilometres to 15 kilometres northwest from
Minera Alamos's Nicho deposit in Sonora, Mexico. Silver Spruce signed a 50:50 joint venture
agreement with Colibri on the nearby Jackie Au project. Silver Spruce Resources Inc. continues
to investigate opportunities that Management has 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) 402-0388
www.silverspruceresources.com
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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”.
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 finan cing
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 intentions contained in this press release are reasonable, ther e can
be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.