BEDFORD, NS / ACCESSWIRE / August 12, 2020 / Silver Spruce Resources Inc. (TSXV: SSE) (Frankfort: S6Q1) (“Silver Spruce” or the “Company”) is pleased to announce the mobilization of its exploration team and the launch of its Phase 1 program in El Mezquite Au (the “property”), an allocation of valuable metals ready to drill 170 km southeast of Hermosillo, Sonora, Mexico.
In addition, the Company is pleased to announce the full payment of C$109,000, ahead of schedule, to fulfill its first-year commitment to Colibri Resource Corp (“Colibri”). The Company would likely make payment of the assets for the current year before August 31, 2021 or make a reduced payment until December 31, 2020 to fulfill its obligations to obtain a 50% stake in the Mexican subsidiary of Colibri, Yaque Minerales S.A. de C.V. (“Yaque”) under Silver Spruce’s press release of June 11, 2020.
“We are very happy to have the boots on the floor for our Phase 1 mapping and sampling in El Mezquite, a low-law epithermal target in a highly productive and mine-friendly region,” said Greg Davison, PGeo, Director and QP of Silver Abeto. “Once the main assets are paid, we can in paint formulas and look forward to add other objectives related to widespread surface alteration, remarkable values of valuable steel, and regional and asset structural models. In addition to our Au research -With knowledge of the workplace of the Ag epithermal formula and a complex spectral and fotilineal study, we will expand a drilling program for the first time and provide the Company with a significant expansion opportunity.”
The assignment of El Mezquite is located in the central-western component of the western volcanic complex of the Sierra Madre, in the vital “Oro belt of Sonora” oriented towards the northwest of northern Mexico and parallel to the well-known Megashear Mojave-Sonora, rich in valuable metals.
Exploration in the surrounding domain is very active with the adjacent and nearby houses owned by Evrim, Newmont, Garibaldi, Kootenay Silver and Penoles. Other primary operational mines and nearby progression projects come with the Nicho depot of Minera Alamos just 12 kilometers to the southeast, the Los Mulatos de Alamos Gold gold mine and the Agnico Eagle Indian gold mine 50 and 58 km to the northeast, the Pinos Altos de Agnico mine a hundred km to the southeast and the La Colorada de Argonaut mine in Argonaut , respectively, one hundred km to the west.
Phase 1 exploration program
The Company, with a team of 4 with two senior geologists and two samplers, with all the mandatory logistical support, undertake a more detailed exploration program that has been advised in component through the independent report 43-101, adding geological mapping of all the assets and additional sampling of rocks for valuable steel analysis, as well as the intensity and taste of the alteration using the hypoconsistente spectral tool of Terraspec for the definition of species key silicate, carbonate and hydrated oxide. Geological mapping and sampling of alterations shall be carried out on a consistent plate-per-hectare basis for the collection of representative samples and for mineralization, and the degree and type of alteration, observing the structural tissues and vein orientations that may correlate with known geophysical trends. , and implemented for the interpretation of asset-level mapping and the development of well guidance plans. The expansion of the geophysical prospecting policy to the south and west would possibly be justified once the Phase 1 program ends and is compared to the known geological characteristics of the main target area.
The Phase 1 paint program will come with a QA/QC program with standards, whites and duplicates for ALS Global’s internal systems (“ALS”). Samples will be delivered to ALS pattern preparation facilities in Hermosillo, Sonora, Mexico and divisions will be sent to ALS in North Vancouver, British Columbia for the search for gold by pyroresearch and to ALS in Reno, NV for hyperspectral research using the identity of Terraspec four and aiSIRIS of the main minerals of alteration. Multi-elementary research will be conducted at the SLA in North Vancouver on determined patterns, as evidenced through the effects of the distribution of gold values and spatial anomalies that match the mapping of alterations.
All facets of the exploration program will be carried out in strict compliance with COVID-19 protection protocols.
At the same time, the Company began to collect knowledge and analyze the geological structures and guidelines of ortho-mosaic photography from February 2020, obtaining maps of ASTER images for spatial alteration and distribution of rock types, and planning the location of the necklaces for the first time. exploration drilling campaign, and will soon begin the Leapfrog 2D and 3-d modeling and the necessary environmental permits for drilling rigs.
Property exploration
Mineralization in the region is composed of scattered gold deposited in very clayy andesitic rocks, typical of the geological style of the Sierra Madre of the largest deposits. Gold and silver mineralization appears to be similar to a silicified feldspar porphyry, which emerges along the south coast at the back of the larger creek. There are also rhylite ruptures and multiphase rupture veins.
There are at least 4 hydrothermally changed oxidized zones oriented north to northwest, the main mineralization trend within the assets has been reported as NE-SO. The effects of the analysis of 362 rock splinter samples imply that 22 of the samples report gold values of 0.5 g/t, an average of 1.35 g/t Au and 54.4 g/t Ag along a doleading that extends six hundred meters north-south. and three hundred meters EW. The highest gold and silver values recorded are 3.41 g/t Au and 198 g/t Ag. The maximum recent surface sampling cross in 2019 showed abnormal values, with valuable steel values up to 1.63 g/t Au and 155 g/t Ag.
The presence of historical artisanal mining in highly altered and oxidized andesites, veins and rhyolithic gaps, matching load capacity anomalies and discrete geochemical and structural trends containing giant valuable metal spaces obviously justify the Company’s exploration efforts on the El Mezquite property.
Website update
Maps, documents that add the recent NI 43-101 report and photographs of it are published on the Silver Spruce website and can be discovered by accessing the “The Mezquite” tab on the home page (www.silverspruceresources.com) and the geological program. updates will be communicated and published in due course.
Qualified person
Greg Davison, MSc, PGeo and Silver Spruce Director, is the company’s qualified internal user for the assignment of El Mezquite and is guilty of approving the technical content of this press release within the National Mining Project Disclosure Standard 43-101 (“NI 43-101”), in accordance with TSX guidelines.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a small Canadian exploration company that has signed agreements to obtain one hundred percent of Melchett Lake Zn-Au-Ag’s allocation in Northern Ontario and colibri Resource Corp. to obtain a 50% stake in Yaque Minerales S.A. de C.V. occupying the allocation of El Mezquite Gold, an allocation of valuable metals in a drilling position in Sonora, Mexico. The Company is also continuing the exploration of the Pino De Plata Ag assignment, in a position for drilling and authorized, in western Chihuahua, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities whose control has been known or submitted to the company for review.
Neither TSX Venture Exchange nor its regulatory service provider (as explained in TSX Venture Exchange policies) assumes the duty of the relevance or accuracy of this release. The company is for Safe Harbor.
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SOURCE: Silver Spruce Resources Inc.