Silver Spruce Resources Inc V.SSE

Alternate Symbol(s): SSEBF

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 PivotHunter29on Nov 27, 2024 6:18am

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Post# 36332898

Financing Done—Dilution Worth It?

Yeah, dilution sucks, but let’s be real: without cash, these juniors don’t move forward. SSE.V just raised $500k, and while that’s peanuts in mining terms, it’s enough to keep their drills running. Question is, can they stretch it far enough to hit some meaningful results? I’m not crazy about the share structure, but if results land, nobody’s gonna care. Who’s buying dips here?

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