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Silver Spruce Receives Exploration Permits, Mobilizes Phase 1 Program at Mystery Au Project, central Newfoundland and Labrador
BEDFORD, NS / ACCESSWIRE / November 2, 2021 / Silver Spruce Resources, Inc. ("Silver Spruce"...
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"Silver Spruce Receives Exploration Permits, Mobilizes Phase 1 Program at Mystery Au Project, central Newfoundland and LabradorBEDFORD, NS / ACCESSWIRE / November 2, 2021 / Silver Spruce Resources, Inc. (\"Silver Spruce\" or the \"Company\") (TSXV:SSE)(FRA:S6Q1) is pleased to announce the receipt of exploration approvals by the Property Vendor, from the Mineral Lands Division of the Government of Newfoundland and Labrador, to carry out prospecting, geochemical surveys and airborne geophysical surveys on the Mystery Au project (\"Mystery\"). The Company recently signed a Definitive Agreement with two parties (the \"Vendors\") to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, (the \"Property\" or the \"Properties\") located near Grand Falls, Newfoundland and Labrador, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokoman Minerals Corp.'s Moosehead gold project.\"We have received approval to engage the exploration programs and will be initiating both ground and airborne programs during the first week of November,\" said Greg Davison, Silver Spruce Vice-President Exploration and Director. \"We are looking forward to evaluating the gold potential given the number of showings, prospective geology with no history of drilling and regional geophysical structures within and adjacent to our Properties.\"Figure 1. Map of the Mystery project claims, named from north to south, Marilyn, Till and Mystery, located only 20-50km south of Bishop's Falls, Newfoundland.The 8,750-hectare project is located within the Exploits Subzone, an extensive area of mineral exploration activity and discoveries over the past two years. The Properties are well situated in exploration logistics, located close to each other and <10-25 kilometres southeast and south by road from Grand Falls, Newfoundland. The Properties are located <70 kilometres from the Gander International Airport and are easily accessible from major paved roads and local logging and bush roads and trails largely by vehicles and more remote areas by ATV.The region is structurally complex and located, in large part, between several major crustal lineaments. Numerous major to lesser sub-parallel features merge and bifurcate along strike and are transected by NW and EW-trending faults. These deep...