Silver Spruce signs pad preparation and drilling contracts, engages on-site logistics for 2,000 metre R/C drill program at Diamante Au-Ag-Pb-Zn-Cu project, Sonora, Mexico
Silver Spruce signs pad preparation and drilling contracts, engages on-site logistics for
2,000 metre R/C drill program at Diamante Au-Ag-Pb-Zn-Cu project, Sonora, Mexico
BEDFORD, NS / ACCESSWIRE / May 26, 2022 / Silver Spruce Resources Inc.
(TSXV:SSE)(FRA:S6Q1) ("Silver Spruce" or the "Company") ("Silver Spruce" or the
"Company") announces that the Company has signed contracts with Constructora Trax (“TRAX”)
and Minera Drilling, both from Hermosillo, Mexico, respectively, for the preparation of access
trails and pads, and drilling 2,000 metres of reverse circulation drill holes on the principal drilling
target areas of the Diamante 1 and 2 concessions, specifically on the first-priority targets at Pillado
(see Figures 1 and 2), La Prieta and Calton with Aguaje, El Chon-El Chon Oeste and Mezquite
Raizudo next in line.
The drill-ready Diamante gold-silver (Au-Ag) property (“Diamante” or the Property”) is located 5
km northwest of the town of Tepoca, and 165 km southeast of the capital city of Hermosillo,
eastern Sonora, Mexico.
Figure 1. Intense wallrock alteration and primary sulphide to secondary oxide mineralization exposed at
the entry to workings at the Pillado drill target.
“We are pleased to sign operating contracts with both TRAX and Minera Drilling for the Phase 1
drilling program on highly prospective areas of Diamante. Importantly, despite the number and
quality of known mineralization targets, there is no recorded historical drilling on Diamante to
date,” stated Greg Davison, Silver Spruce Vice -President Exploration and Director. “TRAX
provided excellent heavy equipment services for the 2021 El Mezquite drill program and we look
Media Release
forward to working once again with their experienced operators on Diamante. Minera Drilling
recently completed successful programs with our partner, Colibri Resource Corp. (“Colibri”), in
northern Sonora and we anticipate high quality and timely drilling results from their experienced
operating and management teams.”
Mr. Davison added, “TRAX equipment and personnel are starting mobilization to Diamante with
our exploration team to optimize access routes to the drill pads. The Minera Drilling program is
scheduled for mobilization next week and is anticipated to continue for four to five weeks through
June 2022. Sample shipments to ALS Global in Hermosillo will be delivered on a weekly basis.”
Figure 2. Orthophoto view of the Pillado drill target. Adit (from Figure 1) located on north-facing
exposure at center intersected by proposed trace projection from DDH pad 42. Both N- and NE-trending
vein targets exhibit polymetallic Cu-Pb-Zn mineralization with intense alteration. Anomalous Au-Ag-Cu-
Pb-Zn geochemical values shown in graduated symbols. 1:1,000 scale.
Our recent geological mapping programs conducted over multiple targets reported Au values to
51.5 g/t from silicified breccias in the Calton target (see Press Release of April 27, 2022) , the
highest Au grade yet reported from Diamante, and Ag values >1,000 g/t were recorded from base
metal sulphide -bearing veins at Pillado, El Chon and El Cumbro accompanied by high -grade
primary and supergene Pb+Zn+C u up to a combined grade of 50.9 wt.% from grab and channel
sampling at surface and within historical trenches and artisanal workings.
Specifically, geochemical results from surface and underground sampling of eight target areas
reported precious metals (Au to 51.5 g/t, Ag to 2,270 g/t), base metals (Pb to 42.3 wt.%, Zn to 22.9
wt.% and Cu to 3.2 wt.%) and pathfinder s each exhibit ed weak to highly anomalous values
commonly with high Ag;Au and low to high Pb:Zn. Elevated Cu, Cd, Sb, Hg, As and Bi are linked
commonly to Pb and/or Zn.
The current assays are consistent with historical surface and U/G channel samples reported up to
39.8 g/t Au, 3,460 g/t Ag, 18.2% Pb, 33.5% Zn and 1.47% Cu (see Press Releases of April 12,
2021, and January 24, 2022). Most drill targets are polymetallic vein style with precious metal -
dominant targets also identified at Calton, El Chon and Aguaje. Metal zoning or pulses of
mineralization may be indicated at each of these three locations.
Project Geology
The Property is located within the west -central portion of the Sierra Madre Occidental Volcanic
Complex within the northwest-trending “Sonora Gold Belt” of northern Mexico. Diamante offers
strong precious metal tenor with a polymetallic endowment, multiple quality targets, styles of
mineralization, of particular significance for our exploration movi ng forward, no records of
drilling. Historical exploration and artisanal activities are indicated by surface trenches and
subsurface workings parallel to and cutting the vein mineralization were measured up to 100
metres in length, with the latter showing shafts and short lateral drifts.
Geological features of epithermal Au, low to intermediate sulphidation Ag -Au (Pb -Zn), high
sulphidation Au-Cu, and potential porphyry style Au -Cu occur as disseminated, stockwork and
vein styles. Silicification with sericitic, argillic and propylitic alteration were accompanied by
drusy to vuggy quartz, black tourmaline, multiple disseminated to vein sulphides with incipient to
pervasive oxidation to carbonates, sulphates such as jarosite, hematite and iron hydroxide. Recent
exploration verified pathfinder elements including As, Sb, Hg, Cd and Bi . 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 show i ntersecting and splaying vein patterns with steep to moderately
dipping northwest, northeast and north -striking orientations were confirmed and spatially
coincident with parallel to oblique faults and shears which control and locally offset the
mineralization.
Project Background
Silver Spruce can acquire up to 50% interest in four Diamante concessions with a cumulative land
position of 1,057 hectares (see Press Release of April 29, 2021).
The Property is well situated in terms of logistics for exploration and is easily accessible from
Mexican Highway #16 which transects Diamante 1 and along several trails and dry river beds
southward to Diamante 2.
Mining and exploration in the surrounding area is very active with adjacent and nearby properties
held by Alamos Gold, Argonaut, Agnico Eagle, Evrim, Newmont, Garibaldi, Kootenay Silver and
Penoles among others.
Geochemical Analysis, Quality Assurance and Quality Control
Drilling samples will be delivered by the Project Geologist from the Property to the ALS sample
preparation facility in Hermosillo, Sonora, Mexico. ALS Global in North Vancouver, British
Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005
from the Standards Council of Canada. Local chain of custody will be monitored and maintained
by the Project Geologist under the direction of the QP.
The samples w ill be crushed to 70% passing 2mm (PREP -31) and a split of up to 250 grams
pulverized to 85% passing 75 micrometres (-200 mesh). The sample pulps and crushed splits will
be transferred internally to ALS Global's North Vancouver, Canada or Lima, Peru analytical
facility for gold and multi-element analysis. Pulps (50gram split) will be submitted for Au analysis
by Fire Assay with Atomic Absorption finish (Au-AA24).
The retained pulps also will be analysed by Four Acid Digestion followed by Inductively Coupled
Plasma Atomic Emission Spectrometry (ICP-AES) multi-element analyses (ME-ICP61m) with Hg
by Aqua Regia and ICP-MS (Hg-MS42).
Over-limit Au and Ag samples will be analyzed by Fire Assay with Gravimetric Finish Ore Grade
(Au-GRA21 or Au -GRA22, Ag -GRA21). Overlimit base metals will analyzed by Four Acid
Digestion followed by Ore Grade Inductively Coupled Plasma Atomic Emission Spectrometry
(ICP-AES) for Cu, Pb and Zn (Cu -OG62, Pb-OG62, Zn-OG62). High grade samples above the
range of the Ore Grade OG62 analysis will be digested, as above, and analyzed using Titration
(e.g., Pb-Vol70).
In-house quality control samples will be inserted into the sample set by the Project Geologist. ALS
Global conducts its 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 ALS
control samples w ill be reviewed by the Company's QP and evaluated for acceptable tolerances
prior to disclosure.
All sample and pulp rejects will be stored at ALS Global pending full review of the analytical data,
and future selection of pulps for independent third-party check analyses, as requisite.
All metal values disclosed herein by Silver Spruce are reported from grab and channel samples
which may not be representative of the metal grades. The Company’s Qualified Person believes
that the sampling documentation, analytical protocols and quantitative data will withstand scrutiny
for inclusion.
About Minera Drilling
Minera Drilling, offering reverse circulation and diamond drilling, has its drilling equipment and
technical team based in Hermosillo, Sonora, Mexico.
About Constructora Trax
TRAX offers a comprehensive, high -level response for civil engineering, construction and
development in the states of Sonora, Sinaloa, Chihuahua, Zacatecas, Guerrero among others.
TRAX has extensive project experience since 1990 specializing in earthworks, de molition,
explosives, drilling and blasting, mineral exploitation in both underground and open pit mines,
feasibility analysis of mining projects and a wide range of infrastructure projects.
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 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 nort hern
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, and up to 50% interest in each of
Colibri's Jackie Au and Diamante Au -Ag projects. Silver Spruce ha s signed Definitive
Agreements to acquire 100% interest in the Mystery Au project in the Exploits Subzone Gold Belt,
Newfoundland and Labrador, and the Pino de Plata Ag project in western Chihuahua, Mexico.
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
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 m ineral 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 r elease, 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 int entions contained in this press release are reasonable, there can
be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.