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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

Post by treehugger2on Jul 07, 2021 3:14pm
188 Views
Post# 33506515

Reply from Davison/SSE

Reply from Davison/SSE

???,

 

Thank you for your inquiry.

 

Simply put, the last release (attached) on the Pino de Plata project remains effective.  We completed out airborne LiDAR survey to product detailed topographic maps to assist with drill positioning, and we continue our efforts through Mexican counsel in Hermosillo, Sonora, to contact and complete a landowner access agreement.  We have been negotiating for nearly two years to find common ground and have amended our approach several times to accommodate both sides, but have yet to reach agreement.  The landowner is contacted on a regular basis.  We remain positive that we will achieve a beneficial outcome and restart the exploration on this promising property.

 

There will be no drilling until the landowner agreement is finalized.  Once signed, we can be drilling within a month of notification.  Results would follow in 45-60 days from that point depending on assay lab turnaround.

 

Sincerely,

Greg

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