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Silver Spruce Resources Announces Resumption of Exploration at its Melchett Lake Au-Ag-Zn-Pb-Cu Volcanogenic Massive Sulphide Project, Nakina, Ontario
BEDFORD, NS / ACCESS Newswire / May 4, 2026 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Corporation") announces that it will proceed
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":" BEDFORD, NS / ACCESS Newswire / May 4, 2026 / Silver Spruce Resources Inc. (TSXV:SSE) (\"Silver Spruce\" or the \"Corporation\") announces that it will proceed with phased exploration work at its 100% owned Melchett Lake VMS style Zn-Pb-Cu- Au-Ag Project in Northern Ontario. The property currently consists of 93 contiguous exploration cells encompassing a total of 2,325 hectares (\"ha\") forming the core exploration area of Melchett Lake project in northern Ontario, Canada (Figure 1). Mineralization includes primarily sphalerite, chalcopyrite, galena, and pyrite hosted in felsic volcanics along multiple zones. High-grade lenses in the mineralized horizon(s) show enrichment in Zn-Ag with variable Cu, Au, and Pb. Historical grades include 28.8 g/t Au, 565 g/t Ag, 19.15 Zn, 2.2% Pb, 0.40% Cu, and 1.72ppm Au. Previously, the Company also noted elevated values for Te, Bi, Se, Sb, Hg, Cd, and In. The Company plans to capitalize on earlier geophysical work carried out by Eagle Mapping Ltd. of Port Coquitlam, British Columbia, and GeoCloud Analytics of Melbourne, Australia, respectively, over the Melchett Lake Zn-Cu-Au-Ag volcanogenic massive sulphide project. Soil and rock geochemical anomalies, VMS style mineralization from surface to >500 metres depth, favorable alteration type will help focus initial 2026 exploration. Phase I exploration will include verification of earlier geochemical assays, geological lithologies, structural controls on mineralization, and quartz-sericite-pyrite alteration, in addition to other facets of the property. This will also include a review of previously recommended new drilling locations. Phase II drilling is contingent on results from Phase I exploration and may include up to 1,200 metres of NQ core. In addition, the Company intends to first advance its ongoing discussions with the local Aroland and Ginoogaming First Nations groups. Application for all necessary permits will commence soon. Mr. Paul K. Smith (P. Geo.), Vice-President of Exploration for the Company, commented, \"This is an exciting opportunity to examine the economic potential of this property in comparison to other similar properties I've examined in the region. Although it's too soon to focus on any specific geological model for the Melchett Lake mineralization, all possible models will be examined based on both historical and newl...