Osisko Metals Inc V.OM

SRI OSK Finalize Work Program

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Sparton and Osisko Finalize $1.2 Million Joint Work Program for 2011 on Area Surrounding Hammond Reef Gold Deposit

Sparton and Osisko Finalize $1.2 Million Joint Work Program for 2011

Finalize $1.2 Million Joint Work Program

May 17, 2011 - 09:10:09 AM

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TORONTO,ONTARIO--(Marketwire - May 17, 2011) - SPARTON RESOURCES INC. (TSXVENTURE:SRI), (the "Company') is pleased to announce that the 2011exploration program on Sparton's claims in the Atikokan, Ontario, goldarea have been finalized with Osisko Hammond Reef Gold Ltd. theoperating subsidiary of Osisko Mining Corporation ("Osisko", TSX-"OSK","EWX"-Deutsche Boerse). The properties straddle Osisko's Hammond ReefGold Project property, which hosts a NI 43-101 compliant inferredresource of 6.7 million ounces of gold (259.4 million tonnes at a gradeof 0.8 grams per tonne, using 0.3 grams per tonne cut-off), of which 97%lies within 300 metres of surface. The Sparton property package issubject to a recently executed joint venture agreement with Osisko. (SeeSparton News release dated March 21, 2011).

WORK PROGRAM

Osisko,as the manager of the project, submitted a comprehensive $1.2 milliondollar work program to the project management committee which gave itsunanimous approval. The planned work will cover both the West Hammondand Clement Lake claims. It will consist of at least 3300 metres of newdiamond drilling following up the discoveries made by Sparton on theWest Hammond claims, as well as new exploration and follow-up on theprospective zones identified elsewhere on the claim areas. There arealso provisions for a comprehensive airborne and ground geophysicalprogram, new grid preparation and geochemical surveys, as well asprovision for new stripping, trenching and additional drilling. A teamof approximately 8 people will be assigned to the various work programs.

Field work at West Hammond is expected to begin in mid-May andwith grid extension line cutting, soil sampling and induced polarizationsurveys in the northern part of the West Hammond claim area. Severalareas of anomalous gold values were located by Sparton in this area in2010. Assay results from prospecting (grab) samples taken during thisindicated several new areas of anomalous gold mineralization. TheClement Lake program will begin later in the field season.

DISCUSSION

"Clearly,the past season's work at West Hammond by Sparton has indicated thepotential for new discoveries in this emerging gold mining camp in theAtikokan area. Osisko's Hammond Reef program, with 20 drills operatingin the property area, is one of the largest mineral development programsin North America" stated Lee Barker, Sparton's President and CEO. "Weare excited and committed to working diligently with Osisko to advancethe potential of the properties".

Sparton's domestic andinternational exploration, development, and evaluation programs arebeing carried out under the direct supervision of A. Lee Barker, P.Eng., P Geol., Sparton's President and CEO who is a Qualified Personunder National Instrument 43-101. Mr. Barker has prepared the contentsof this release.

Sparton Resources Inc. is an exploration anddevelopment company with uranium, germanium and vanadium interests inChina, gold interests in Ontario and Nevada, and silver and goldinterests in Mexico. The Company also has an
off-shore Nova Scotianatural gas interest. There are currently 94,283,930 shares issued andoutstanding.

https://www.canadianminingjournal.com/press-releases/story.aspx?id=1000432668