Silver Spruce Stakes 400 Acres Covering Down Dip Extensions of Mineralization At The Kay Mine Project in Arizona, USA
Silver Spruce Stakes 400 Acres Covering Down Dip Extensions of
Mineralization At The Kay Mine Project in Arizona, USA
April 3, 2017 - Bridgewater, NS - (TSXVSE:SSE) – Silver Spruce Resources Inc. ("Silver Spruce"
or the "Company") is pleased to announce it has staked an additional 400 acres of unpatented claims,
increasing the Company’s contiguous land position to over 470 acres of patented and unpatented claims.
The new claims cover the areas of mineralization identified in 1972-1982 by Exxon Minerals Company, a
subsidiary of Exxon Petroleum, as being the down dip extensions of the two known lenses of volcanogenic
massive sulphide. Au-Ag-Cu-Pb-Zn mineralization. (Please see Silver Spruce News Release of 21 March
2017)
As per the press release of March 21, 2017, a November 1982 internal Exxon Minerals report by M.L.
Fellows stated that the deposit contains a resource of proven and probable ore with a tonnage of 6.4 million
short tons grading an estimated 2.2 per cent copper, 3.03 per cent zinc, 1.6 ounces per ton silve r and .082
ounces per ton gold. Exxon’s use of the word ore is not to be construed in the strict sense. Additional
drilling is needed to verify this estimate. The qualified person for Silver Spruce has not conducted sufficient
work to definitively classify Exxon’s resource estimate to be compliant with National Instrument 43- 101
resource definitions. The issuer is not treating the historical estimate as current mineral resources or mineral
reserves. Exxon also reported the deposits to be open down dip, with significant additional potential for the
discovery of new deposits.
“We endeavo r to execute our plan to verify Exxon’s historical results as quickly and efficiently as
possible, thereby raising the value o f the Company for all stakeholders ,” stated Dr. Brian Penney,
Chairman of Silver Spruce Resources Inc.
Qualified Person
Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines, is the author of
the Company's NI 43 -101 report on the Pino de Plata project, dated 7 July 2015, and is responsible for the
technical content of this press release.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a well -positioned Canadian junior exploration company pursuing
development of the Kay Mine volcanogenic massive sulfide project in Arizona, USA, and the Pino De Plata
and the Encino De Oro e pithermal silver/ base metal/ gold projects , located in the prolific Sierra Madre
Occidental region of western Chihuahua State in Mexico. Silver Spruce also retains a portfolio of uranium
and rare earth element properties in Labrador.
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
Toll Free: (866) 641-3397
www.silverspruceresources.com