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Be the first with the news that moves the market- Silver Spruce Resources (SSE) has acquired additional 6,040 hectares of claims connected to the Newfoundland-based Marilyn and Till properties
- The new properties cover a total of 242 claims in three property blocks and doubled the company’s overall property coverage
- The new claims fall within an area of interest included in a current definitive agreement signed by Silver Spruce
- Next steps include designing a program for detailed infill soil and till sampling around the anomalous sampling sites to advance the known targets
- Silver Spruce Resources Inc. (SSE) is unchanged, trading at $0.02 at 1:50 p.m. EST
Silver Spruce Resources (SSE) has acquired additional 6,040 hectares of claims.
The properties, connected to the Newfoundland-based Marilyn and Till properties, were acquired through staking.
The new properties cover a total of 242 claims in three property blocks and doubled the company’s overall property coverage for its Mystery Project. The new claims fall within an area of interest included in a current definitive agreement signed by Silver Spruce.
Widely spaced gold grain was reported in previous till sampling results identified anomalous sites with more than 20 gold grains on each of the Marilyn, Till East and Mystery Lake properties. Three sites containing anomalous gold grains were primarily found within the Botwood Group and another within the marginal phases of the intrusion.
“In addition, the new claims occur adjacent to several gold grain and geochemical anomalies reported from the 2022 and 2022 phase one programs,” noted Greg Davison, Silver Spruce Vice-President Exploration and Director.
The company’s next steps include designing a program for detailed infill soil and till sampling around the anomalous sampling sites to advance the known target sites and contracting the detailed interpretation of a previous survey.
Prospecting, mapping and further regional sampling have also been proposed for Phase 2 fieldwork.
According to the company, 22 sites contained elevated visible gold. Modified gold grains were reported from 25 sampling sites including eight accompanied by pristine grains across the properties.
Silver Spruce Resources Inc. (SSE) is unchanged, trading at $0.02 per share at 1:50 p.m. ET.
