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Sparton Resources Inc. - Company Updates Exploration Programs
TORONTO, May 27, 2020 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced updated plans today for its gold exploration
About this update from Sparton Resources Inc.
[{"type":"text","content":" TORONTO, May 27, 2020 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) (\"Sparton\" or the \"Company\") announced updated plans today for its gold exploration projects in Ontario and Quebec. SIR HARRY OAKES LEASES AND CLAIM AREA, MATACHEWAN AREA ONTARIO Sparton, as a requirement for exploration permit applications, has begun consultation with the Matachewan Ontario area Affected First Nations (“AFN”). These include the Matachewan First Nation, the Temagami First Nation, the Metis Nation and the Wabun Tribal Council. Support is expected from all groups and initial discussions with the AFN have been positive. The Company expects to apply for exploration permits, including drilling prior to the end of May 2020. The field program is expected to begin in late June, after completion of a detailed magnetic survey to cover all of the Sparton controlled Claim area (see Company News Release dated February 11, 2020 and Company website map). All the Project area is accessible from Ontario Highway 566. Four of the claims and the Oakes Leases have been covered by the drone supported aero-magnetic survey completed over the Oakes Leases in late 2019. A distinct magnetic anomaly is associated with the Oakes Zone and extends onto the newly acquired adjacent Claims, see map on Company Website. The other new Claims controlled by Sparton cover favourable host rocks such as “syenite porphyry” that host mineralization on the Oakes Leases and also at Alamos Gold Inc.’s nearby Young Davidson Gold Mine. The technical information reviewed to date indicates that limited detailed exploration has been carried out on the new Claims. Initial field work will involve detailed investigation of the Oakes Leases and surrounding claims area, with geological mapping and sampling, and location of the 1930’s Oakes drill holes near the shaft area. Following completion of the new magnetic survey, prospecting and sampling will be done covering any targets located by this work on the rest of the Claim area. A diamond core drilling program to confirm and extend the Oakes Zone is planned for early autumn and is expected to involve at least 2,000 meters in several holes around the shaft area. The 2020 Matachewan area work program is budgeted at approximately $350,000. BRUELL PROJECT, VAL D’OR EAST AREA QUEBEC Eldorado Gold Corporation (“Eldorado”) optioned the...