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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

Bullboard Posts
Comment by Silverichmanon Aug 20, 2019 3:10am
116 Views
Post# 30045507

RE:RE:@ Rari

RE:RE:@ RariVery good - I know, but sometimes I like to give more room to certain good stocks (from top to bottom: SSE, CBI, AUMN, Hecla, GORO, ALO, BHS, Bear Creek and after that small to mid-holdings, not to mention here...... But I will certainly look into your idea of LYD).

I personally guess we might be close to the end of the financing. If we get the metals to run up again after their pause, we might be on to a huge year and to mention.. a great pre-winter-drill-result-season. SSE might touch a dollar and more this year, CBI coming in also at nice levels, they also have good properties. But pino the plata is the most undervalued property I have ever seen. - The mexicans are bidding 250k for 5% of it, valuing the property at only 6 Millions - but this is before drilling. The property might be worth from 10 to 200 times that, so they are getting their 5% at a brutally low price. Don't forget that SSE is ok with the deal as it brings in direct money and enhances their drill chances on both properties, so it can very well be considered a win-win. Once it closes (The widow-thing took us back by 1-3 months I guess - of which about 1/2 has already been waited out) the drills will start to turn almost immediately, so SSE should be a play for Sept-OCT-NOV-Dec, drill results mostly in november I guess.
Bullboard Posts