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Pino de Plata Sampling Yields 1,278 g/t AgEq; Highest Silver Assay to Date for Silver Spruce
BRIDGEWATER, NS / ACCESSWIRE / April 30, 2019 / Silver Spruce Resources Inc. ("Silver Spru...
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"Pino de Plata Sampling Yields 1,278 g/t AgEq; Highest Silver Assay to Date for Silver SpruceBRIDGEWATER, NS / ACCESSWIRE / April 30, 2019 / Silver Spruce Resources Inc. (\"Silver Spruce\" or the \"Company\") (TSXV: SSE) (Frankfort: S6Q1) is pleased to announce that it has received the assays from confirmation samples taken by a third-party, arm's length company at the two, large potential bulk tonnage targets, El Terrero and the Gossan areas on its Pino de Plata project in western Chihuahua State, Mexico. The Company contracted Prospeccion y DesarrolloMinerodel Norte, S.A. de C.V. (\"ProDeMin\") to complete detailed geologic mapping, sampling and reconnaissance at the project under the direction and supervision of Qualified Person, Dr. Craig Gibson, Ph.D. The field program is complete, and three assays from seven rock-chip samples taken during the program returned three over-limit values for silver and two over-limit values for lead, which further confirm the presence of high-grade mineralization at the project. Assaying and multi-element analysis was conducted by ALS Global in Vancouver, B.C.*AgEq (Silver Equivalent) calculated using silver and lead values only: Ag price US$15.10/troy ounce and Pb price US$0.875/pound @ 26 April 2019, per www.kitco.com closing bid prices.Please see geologic map of Pino de Plata project with recent sample locations here: http://www.silverspruceresources.com/i/maps/pdp/pino-de-plata-geology-2019.jpg \"We are very pleased with the results from the recently completed field program at Pino de Plata. In addition to the discovery of new vein targets and the significant expansion of the large target areas of El Terrero and the Gossan, assays of samples taken by ProDeMinverify the tenor of existing mineralization in two large areas that may host significant mineralized tonnage. With the data generated during this program we are now prepared to drill Phase I with greater confidence,\" stated Karl Boltz, CEO of Silver Spruce.ProDeMin Field Program ObjectivesThe main goals achieved for the completed field program were to: Conduct limited confirmation sampling of known mineralized locations at El Terrero and the Gossan areas, and Determine the extent of outcropping alteration at the El Terrero and the Gossan areas, and Investigate the existence of additional veins and mineralized structures, and Utilize a p...