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Silver Spruce Receives Gold Assays from Due Diligence Sampling and Provides Exploration Update on Mystery Au Project, Exploits Gold Belt, NL
BEDFORD, NS / ACCESSWIRE / November 23, 2021 / Silver Spruce Resources, Inc. ("Silver Spruce...
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"Silver Spruce Receives Gold Assays from Due Diligence Sampling and Provides Exploration Update on Mystery Au Project, Exploits Gold Belt, NLBEDFORD, NS / ACCESSWIRE / November 23, 2021 / Silver Spruce Resources, Inc. (\"Silver Spruce\" or the \"Company\") TSXV:SSE)(FRA:S6Q1) is pleased to announce the receipt of gold assays and multi-element geochemistry from rock samples collected during the August 26th due diligence visit on the Mystery Au project (\"Mystery\") shown in Figure 1.\"We moved forward confidently with the Property acquisition based on known showings, prospective geology and regional structures, waited patiently for receipt of our analyses and are pleased that we have verified the historical grades and the Au-As±Sb±Bi geochemical association. Gold assays for the seventeen due diligence samples ranged up to 8.0 g/t Au and >1% As consistent with historical samples to 12.5 g/t Au and anomalous As,\" said Greg Davison, Silver Spruce Vice-President Exploration and Director.Figure 1. Map of the Mystery project claims, named from north to south, Marilyn, Till and Mystery Lake, located only 20-50km south of Bishop's Falls, Newfoundland.\"With multiple target types identified and given the positive initial site report pointing to shallow epithermal and/or orogenic vein-style mineralization, the exploration teams currently are engaged on the ground and airborne surveys over our large, virtually untested Property. The gold grain in till sampling and B Zone soil geochemistry will provide the first pass exploration filters over our forthcoming airborne geophysical data, the latter expected in December 2021,\" Mr. Davison added.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 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.Due Diligence SamplingThe due diligence samples were collected from five readily accessible areas of the Property as shown in Figures 2, 3 and 4. The seventeen samples, 4 from Marilyn and 13 from Mystery Lake, mainly comprised quartz veins, massive white fractured and stained, and ‘epithermal' quartz (±chalcedony) d...