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 Henrich428on Jun 02, 2021 5:09pm
157 Views
Post# 33312938

RE:The Pino property has 100 million OZ of Silver??

RE:The Pino property has 100 million OZ of Silver??It's actually 120 million ounces, according to the information which @oldbanker received last year:

"We had been frozen for a long time following the death of one of the owners of the mining rights. We have hired legal counsel to complete all the required steps in updating our agreement on the mining rights and with the owners of the land rights. We already have the drilling permits and environmental certificates. Our geologist who conducted the field work and wrote the NI 43-101 estimated the potential as being up to 120 million ounces of silver (and additional amounts of gold, lead, copper and zinc)."

https://ceo.ca/sse?7c873d38d036

Given that Discovery Metals, with 1 billion ultra-low-grade (1 oz/t) AgEq ounces, is rated at an 850 million market cap, 80x higher than that of Silver Spruce, you are quite right that proving these ounces would make this stock turn out to be the gamble of the century. What has held us back from going in and determining whether or not Pino really does have the 120 million ounces is an unfortunate dispute with the land-owner. That's it.
<< Previous
Bullboard Posts
Next >>