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Silver Spruce Resources Inc V.SSE

Alternate Symbol(s):  SSEBF

Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario. The Project is an advanced precious and base metal property located in the Thunder Bay Mining District, northern Ontario, Canada. The Project covers 11,236 hectares with volcanogenic massive sulphide (VMS) and Au targets located in east to southeast-striking, subvertical to moderately Archean metavolcanic quartz-sericite schists to coarse fragmental units. The Company intends to own 100% interest in the Mystery Au project in the Exploits Subzone Gold Belt, Newfoundland and Labrador; 100% interest in the Pino de Plata Ag project located 15 kilometers (kms) west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico; 50% interest in the Jackie Gold project, located 5 km south-southwest of the towns of Tepoca and Carrizal, and up to 50% interest in Diamante Au-Ag project located from 5 to 15 kms northwest from Nicho deposit in Sonora, Mexico.


TSXV:SSE - Post by User

Comment by PonyHunteron Aug 17, 2021 10:28am
59 Views
Post# 33716507

RE:Promises, promises, promises.....

RE:Promises, promises, promises.....I understand the frustration but it sounds like you're looking for a quick turn around and dump. I don't think this is the right stock to for that strategy.

It still is Mid-august, its not that they promised results on Sunday Aug 15th, its a rough guide to help expectations for the news. Also, the entire industry IS struggling with getting assay results back (due to COVID). Its not uncommon for Au / Ag assays to have a turn around of 4-6 weeks from the date they are received at the lab in Canada / US, I assume its slower in Mexico. Secondly, the samples will be run for multi-element which typically take an extra 2 week after the Au-Ag results. They are hostage to the lab in that sense and blaming SSE isn't very constructive.

They put out some news regarding NFDL this morning so for those complaining that Mgnt is sitting on their butt is not true. They are working on multiple fronts in Mexico and Canada. This is a stock that you go long on IMO.

Also, not sure why people were blaming mgnt for the pump and dump a little while ago. That was caused by Reddit Wallstreet Silver hype causing lots of people jump into silver stocks, then a week later leaving. Pure speculation play that didn't benifit anyone unless they sold >8 cents /share and bought back in at 5 cents. 

I suspect results will be put out before the end of the month. Trust the mgnt and believe in the projects or invest in a different company would be my suggestion. 
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