Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Silverichmanon Feb 17, 2021 1:21pm
91 Views
Post# 32585901

RE:RE:RE:Silver Spruce contracts Eagle Mapping to undertake

RE:RE:RE:Silver Spruce contracts Eagle Mapping to undertake The landowner wanted 5% for a 250k cash investment back in 2019 (from a PR, July 2019). Let's see what the final deal will be: After the abovementioned Phase I final drilling preparations were underway, the Company received an unsolicited investment offer from a Mexico corporation which is controlled by the surface landowners. The offer insisted that the corporation be allowed to make its investment in the Company before the Companys Phase I drill program and a possible discovery is made. After about two weeks of due diligence, management of the Mexican corporation offered a U$250,000 cash investment to purchase a five percent (5%) interest in Silver Spruces wholly-owned Mexican subsidiary, Silver Spruce Resources de Mexico, S.A. de C.V., and a five percent (5%)interest in the mining titles for each of the four mining concessions that comprise the Pino de Plata project and which are held under purchase option by the Company and its Mexican subsidiary from the private Mexican title owner of the mining concessions. Management of Silver Spruce indicated its acceptance of the offer, as the offer placed an attractive valuation on the project and would allow Phase I drilling to commence.
<< Previous
Bullboard Posts
Next >>