Silver Spruce Resources Inc SSEBF

Primary Symbol: V.SSE

Metals & Mining Industrial Metals & Minerals

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.

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Silver Spruce Resources Inc

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Post by TradeLoom203on Nov 26, 2024 4:20am

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Post# 36330488

Red Flags or Normal Junior Miner Drama?

Anyone worried about their cash burn? They’ve got $500k from the private placement, but juniors burn through cash like it’s nothing. Plus, there’s always the risk of further dilution if they need more funds. That said, this is pretty normal for a junior explorer. Just trying to decide if it’s worth holding through the volatility or bailing before they issue more shares. Also, BOLT’s financials are something I’m watching; could be a game-changer. Thoughts?

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