Silver Spruce Receives Drill Permit for Cocula Gold Project
Silver Spruce Receives Drill Permit for Cocula Gold Project
September 17, 2019 - Bridgewater, NS - (TSXV:SSE) – Silver Spruce Resources Inc. ("Silver
Spruce" or the "Company") is pleased to announce that it has received approval of its Informe
Preventivo, the environmental application required for drilling at the Cocula gold project in Jalisco
State, Mexico.
The permit allows for forty-seven (47) drill sites over the 750-metre strike length of the known
mineralized area. The Company is preparing a drilling strategy to evaluate the current
mineralization and new exploration targets identified in recent geological mapping.
“With surface access agreements and the drill permit in place, the Company is quickly advancing
its technical studies to support a decision to earn a 100% interest in the project,” stated Karl Boltz,
CEO of Silver Spruce. “We continue to check the boxes we require in order to prepare and execute
a definitive purchase agreement with all par ties for the project. So far , the results from surface
geological mapping, chip and trench sampling and assaying, check assaying of the historical
reverse circulation drill chip samples and re -interpretation of the drill sections, and recent
completion of an independent 43-101 report have been quite positive.”
The occurrence of widespread gold mineralization at surface, including high grades of select
samples (12.55 grams per tonne (g/t) gold (“Au”), 16.65 g/t Au and 23.7 g/t Au) assayed from rock
and drill chip sampling, indicate robust gold mineralization along with significant silver and base
metal values.
The Company will continue its due diligence designed to support a definitive purchase decision,
subject to its binding Letter of Agreement with ProDeMin, SA de CV (“ProDeMin”).
Qualified Person
Dr. Craig Gibson, Ph.D., CPG, Qualified Person, is responsible for the technical content of this
press release.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of
the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western
Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire
100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc.
Media Release
continues to investigate opportunities that Management has identified or that have been presented
to the Company for consideration.
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. The company seeks Safe Harbour.
Contact:
Silver Spruce Resources Inc.
Karl Boltz, President/CEO/Director
(866) 641-3397
www.silverspruceresources.com