Silver Spruce Resources Inc V.SSE

Alternate Symbol(s): SSEBF

Metals & Mining Industrial Metals & Minerals

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.

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Silver Spruce Resources Inc

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Comment by Silverichmanon Feb 14, 2019 10:24am

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Post# 29363688

RE:3.2 million shares

I remember having read about a financing that is made via rollover shares. So this itself coult be one tranche of the current financing.

Assuming that a very solid drill program needs over 150'000, we would need about one or two rollover buys more to cover the drill cost. Unless they want to do a smaller drill program. (I hope for a good program at 150'000$ or more)

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