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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 Thumper12on Feb 23, 2021 11:53am
86 Views
Post# 32637119

RE:Relentless Stagnation

RE:Relentless Stagnation

SSE has been around a while but the team running the show now is new from about 2017 or so. Some have only been around a year or two. Also their properties are almost all new and much improved. I think they still own a REE play in Labrador which has been on the books predating the current management. Maybe that'll pay off when that market has a boom.

This Co is in existence to explore. They are not producers and have no cash generating mine. Like many explorers money has been very difficult to get in recent years. They raise money through share sales mostly. I would hazard to guess that board members want SSE to hit the mother load as much as the rest of us. 

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