Silver Spruce Resources and Ginoogaming First Nation announce the engagement of Western Heritage archeological and cultural study, receipt of ENDM exploration permit for Melchett Lake VMS Ag-Zn-Au-Cu Project, Ontario
Silver Spruce Resources and Ginoogaming First Nation announce the engagement of
Western Heritage archeological and cultural study, receipt of ENDM exploration permit
for Melchett Lake VMS Ag-Zn-Au-Cu Project, Ontario
March 1, 2022 - Bedford, NS - (TSXV:SSE) –Silver Spruce Resources Inc. (“Silver Spruce” or
the “Company”) is pleased to announce the receipt of a multi -year exploration permit to the
claimholders from the Ministry of Energy, Mines and Northern Development (“ENDM”) for the
Melchett Lake project.
Melchett is an advanced precious and base metal property located in the Thunder Bay Mining
District (the “Property”). The Property lies 110 km north of Geraldton and 60 km north of Nakina,
in part of Ginoogaming First Nation’s (“Gi noogaming”) territory known as Melchett Lake, in
northwestern Ontario.
Silver Spruce and Ginoogaming jointly announce the engagement of Western Heritage to conduct
and complete an independent Phase 1 archeological and cultural study on the Melchett Lake area.
Following receipt of the ENDM permit on January 14, 2022, Silver Spruce signed an agreement
on January 25, 2022, with Western Heritage after detailed review by, input from and acceptance
of the contractor by Ginoogaming.
The Company entered into an ex ploration agreement by which Ginoogaming in exercising its
inherent jurisdiction has issued its permit and approval to Silver Spruce to undertake mineral
exploration (see Press Release – September 23, 2021).
“We are pleased to receive our 3 -year exploration permit allowing the Company to advance its
multi-phase program on the Zn -Ag-Au project which will be managed through a mutually
respectful and consent-based relationship with Ginoogaming,” stated Greg Davison, Silver Spruce
VP Exploration and Director. “The engagement of Western Heritage will provide an opportunity
for direct and extensive input by Ginoogaming in documentation of the historical, cultural and
spiritual importance and heritage values of the Melchett Lake area. This independent reporting
will allow both parties to receive information, as deemed necessary by Ginoogaming, with respect
to knowledge of subjects and areas of specific interest to Ginoogaming prior to joint planning and
Media Release
execution of Exploration Activities including land use, environmental management, trenching or
drilling. We look forward to the completion of this important document in Q2 2022.”
Mr. Davison added, “Our recent high -resolution airborne data from MPX Geophysics in hand,
in3D Geoscience is advancing a comprehensive interpretation and compilation of the historical
and current survey data prior to our planned spring exploratio n program. With the receipt of
ENDM permitting for ground activities, the Company is scheduling contractors to re -start after
spring ice breakup and complete camp construction and line -cutting with the Quantec deep-
penetrating SPARTAN MT survey booked to follow grid completion.”
Qualified Person
Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company’s internal
Qualified Person for the Melchett Lake Project and is responsible for approval of the technical
content of this pre ss release within the meaning of National Instrument 43 -101 Standards of
Disclosure for Mineral Projects ("NI 43-101"), under TSX guidelines.
About Western Heritage
Western Heritage was founded in 1990 to serve the growing need for specialized cultural heritage
services. Since then, we have grown to provide science -based solutions to the needs of our
customers in the resource industries. Western Heritage has a long hi story of working with First
Nation and Métis communities both in documenting cultural heritage and in engagement and
consultation work.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company which has signe d
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 investiga te
opportunities that Management has identified or that have been presented to the Company for
consideration.
For more information on the situation, please contact:
Ginoogaming First Nation
Chief Sheri Taylor
807-876-2242
Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
Michael Kinley, CEO and Director
(902) 402-0388
www.silverspruceresources.com
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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 statemen ts 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 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.