Silver Spruce Staking Builds 20km Strike of Melchett Lake VMS-Au Targets
Silver Spruce Staking Builds 20km Strike of Melchett Lake VMS-Au Targets
December 4, 2019 - Bedford, NS - (TSXV:SSE) – Silver Spruce Resources Inc. ("Silver Spruce"
or the "Company") is pleased to announce the acquisition of additional mineral claims contiguous
to its Melchett Lake Zn -Au-Ag volcanogenic massive sulphide (“VMS”) project, an advanced
precious and base metal project in the Thunder Bay Mining District, Ontario, Canada (“Property”).
“We are very pleased to acquire the additional property to the east and west covering eleven (11)
kilometres of known extensions of the Melchett Lake mineralized horizons. The cost-effective
acquisition by staking nearly doubles the size of the Property . The new claims also include high
potential VMS and Au targets in a tightly folded metavolcanic structure interpreted from the 2010
regional airborne magnetic survey and 2001 government releases of acquired exploration magnetic
and GEOTEM data ,” s tated Greg Davison, Director of Silver Spruce. “We continue with our
interpretation of the recently received multi-element geochemical data, while building our GIS
database focusing on the next phase of the ground exploration program and identifying priority
drill targets”.
Recent map staking by Silver Spruce has doubled the size of the Property from 2,124 hectar es to
the current 3,996 hectares and, of principal value to the Company, increased the coverage of the
Melchett Lake mineralized horizons to a combined strike length of more than twenty (20)
kilometres. The Property was increased by staking 104 single cell (18ha - 400m x 450m) mineral
claims and currently consists of 190 single cell mineral claims and two multi-cell mineral claims.
The Property lies 110 km north of Geraldton and 60 km north of Nakina at 50°45' north l atitude
and 86°59' west longitude.
The mineralized horizons recently acquired to the east and west exhibit either chargeable, weakly
magnetic trends or coincident EM and magnetic responses with the latter related to variable oxide
and sulphide content including pyrrhotite and pyrite with base metal sulphides and gold. Only
limited and shallow exploration diamond drilling was conducted in both the Key Lake area to the
west and Iron Lake area to the east. GIS compilation of the surface geology and prior drilling is in
progress and will be reported and posted on the Company website in due course.
The additional claims are subject to the Area of Interest terms in the Definitive Agreement (Silver
Spruce Press Release November 26, 2019).
Maps and site photographs , are available on the Silver Spruce website at Melchett
Maps and Melchett Photos. A detailed powerpoint presentation of the Melchett Lake Property is
available on the website Project Page.
Geology and Mineralization
The Property, located within Melchett Lake greenstone belt of the English River Sub-province of
the Archean-age Superior Province, is underlain by a sequence of pyroclastics, tuffs and flows
with cherts and Fe-lean to Fe-rich iron formation.
Web Site Infill Media Release
The Melchett Lake belt contains several occurrences of polymetallic Zn - Pb-Cu-Ag-Au VMS
mineralization similar to ore deposits exploited at Mattabi, Winston Lake, Geco, Brunswick and
Rouyn-Noranda. Base metal sulphide mineralization consisting of pyrite, pyrrhotite, sphalerite,
chalcopyrite and galena occurs within the intermediate to felsic metavolcanic sequences and
adjacent chemical metasediments of the Property. There are locally high-grade lenses of Zn & Ag
with variable Cu, Au and Pb, and historical gold grades to 28.8 g/t Au, silver grades to 560 g/t Ag
and zinc grades to 19.1%.
Highlights of the Property geology, alteration and mineralization include multiple folded or
stacked horizons of coincident alteration and metal mineralization, high Zn/Cu, Zn/Pb and Ag/Au
ratios, extensive remobilization of major and trace elements with defined enrichment (Fe, Mg, Co,
Cr, Cd) and depletion (Na, Sr, Ca) zones, and continuity, increased alteration and anomalous metal
values over large intervals with a strong electromagnetic off-hole response.
Silver Spruce reported (Silver Spruce Press Release November 12, 2019) precious and base metal
assay data from the first batch of thirteen (13) rock samples collected from the Nakina and Relf
Zones. Zinc values range up to 14.7%, lead to 0.96%, copper to 0.52%, silver to 301 g/t, and gold
to 0.737 g/t and clearly represent the polymetallic nature of the mineralization from both targets,
particularly the Relf Zone. The samples exhibit low alkali conte nt, favourable pathfinder ratios,
e.g., Zn/Na , and elevated values of heavy metals, including Te, Bi, Se, Sb, Hg, Cd and In,
associated with sphalerite, galena, chalcopyrite and pyrite observed in the rock samples.
All of the metal values reported herein by current and past operators in the Melchett Lake area,
were sourced from grab samples which may not be representative of the metal grades, and may be
historical in nature.
Qualified Person
Greg Davison, MSc, PGeo and Silver Spruce Director, is the Company’s internal Qualified Person
(QP) for the Melchett Lake Project and is responsible for 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. Mr. Davison explored the Mel chett Lake area as Project
manager and VP Exploration for Kerr Addison Mines (1983 -84) and Tribute Minerals (1999 -
2002), respectively.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed a
Definitive Agreement to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario
and is pursuing development of the Pino De Plata Ag project in western Chihuahua State, Mexico.
Silver Spruce Resources Inc. continues to investigate opportun ities 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