Silver Spruce Resources Inc. · TSXV:SSE
Silver Spruce Resources — Investor Presentation (March 2022)
108 slides from Silver Spruce Resources's investor presentation, March 2022
Slide 1: Exploring in Mexico and Canada
EL MEZQUITE DIAMANTE 1 MELCHETT LAKE EXPLORING in MEXICO DIAMANTE Au-Ag, JACKIE Au-Ag, EL MEZQUITE Au-Ag and PINO de PLATA Ag-Pb-Zn and CANADA MELCHETT LAKE Ag-Zn-Au and MYSTERY Au TSX Venture: SSE US OTCQB: SSEBF Frankfurt: S6Q www.silverspruceresources.com March 2022
Slide 2: Cautionary Statement
Cautionary Statement TSX Venture: SSE Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes "forward-looking information” with respect to a performance expectation for SSE. Such forward-looking statements are based on current
Slide 3: Key Team Members
Key Team Members TSX Venture: SSE Michael Kinley, CPA, CEO and Director ✓ Officer and/or Director of several junior public companies over the past 25 years, and a partner with KPMG. Director and CFO of Opus One Resources Inc., Canada One Mining Corp. and EXMceuticals Inc. Greg Davison, MSc, PGeo, VP
Slide 4: Corporate Summary
Corporate Summary TSX Venture: SSE ✓ Silver Spruce Resources Inc. is a Canadian publicly October 31, 2021 Financials traded company that trades on the TSX Venture Exchange TSX Venture: SSE under the symbol SSE with 186 MM shares outstanding Exchange Listings FSE: S6Q1 OTCQB: SSEBF ✓ Listed in Frankf
Slide 5: Corporate Strategy - Delivering Value
Corporate Strategy - Delivering Value TSX Venture: SSE ✓ Leveraging the strengths of its board and management team ✓ Building credibility as a partner by being systematic in our exploration approach ✓ Focusing on precious metal or combined precious and base metal opportunities in quality jurisdictio
Slide 6: Corporate Strategy - Financing and Growth
Corporate Strategy - Financing and Growth TSX Venture: SSE ✓ Building project value for hard dollar financing up to $3MM in Q2 2022 ✓ Flow-through financing for Canadian projects up to $1MM in 2022 ✓ Exercise of short-term warrants in 2022 (est. $1MM potential financing) ✓ Exercise of next stages of
Slide 7: Project Locations - Canada
Project Locations - Canada TSX Venture: SSE MELCHETT LAKE Pope’s Hill Mystery Melchett Lake
Slide 8: Project Locations - Mexico
Project Locations - Mexico TSX Venture: SSE PINO de PLATA Diamante El Mezquite Jackie Pino de Plata
Slide 9: Exploration Project Highlights 2021
Exploration Project Highlights 2021 TSX Venture: SSE ✓ NEW GREENFIELDS DISCOVERY FROM PHASE 1 MAPPING AT JACKIE, MX ✓ PERMITTING COMPLETED FOR DRILLING AT EL MEZQUITE, MX ✓ MAPPING AND 20-HOLE PHASE 1 DRILLING COMPLETED AT EL MEZQUITE, MX ✓ FIRST NATIONS EXPLORATION AGREEMENTS AT MELCHETT LAKE, ON ✓
Slide 10: Key Early 2022 Exploration Focus
Key Early 2022 Exploration Focus TSX Venture: SSE ✓ PERMITTING FOR DRILLING JACKIE, DIAMANTE AND EL MEZQUITE MX ✓ ADVANCE NEW DISCOVERY WITH TRENCHING AND DRILLING AT JACKIE, MX ✓ DEVELOP PRIORITY TARGETS AND DRILL AT DIAMANTE, MX ✓ COMPLETE AIRBORNE SURVEY AND GOLD GRAIN TILL SAMPLING AT MYSTERY, N
Slide 11: Exploration Project Order of Priorities Q1-2 2022
Exploration Project Order of Priorities Q1-2 2022 TSX Venture: SSE ✓ PERMITTING SUBMITTED TO DRILL JACKIE, DIAMANTE AND EL MEZQUITE, MX ✓ RECEIVED 3 YEAR PERMIT AT MELCHETT LAKE, ON ✓ AIRBORNE GEOPHYSICAL INTERPRETATION AT MELCHETT LAKE, ON ✓ AIRBORNE MAG/VLF/GAMMA SURVEY AT MYSTERY, NL ✓ GOLD GRAIN
Slide 12: Exploration Project Order of Priorities Q2-3 2022
Exploration Project Order of Priorities Q2-3 2022 TSX Venture: SSE ✓ PHASE 1 DRILLING AT DIAMANTE, MX ✓ AIRBORNE GEOPHYSICAL INTERPRETATION AT MYSTERY, NL ✓ TRENCHING AT JACKIE, MX ✓ PHASE 1 DRILLING AT JACKIE, MX ✓ GRID CUTTING AT MELCHETT LAKE, ON ✓ QUANTEC SPARTAN MT DEEP GEOPHYSICS AT MELCHETT L
Slide 13: Exploration Project Order of Priorities Q3-4 2022
Exploration Project Order of Priorities Q3-4 2022 TSX Venture: SSE ✓ GEOLOGICAL MAPPING AND SAMPLING AT MELCHETT LAKE, ON ✓ GEOLOGICAL MAPPING AND GEOCHEMICAL SAMPLING AT MYSTERY, NL ✓ PHASE 1 DRILLING AT MYSTERY, NL ✓ INITIATE 15-30 HOLE PHASE 1 DRILLING AT PINO DE PLATA, MX ✓ PHASE 2 DRILLING AT D
Slide 14: Project Locations - Mexico
Project Locations - Mexico TSX Venture: SSE PINO de PLATA Diamante El Mezquite Jackie Pino de Plata
Slide 15: Mexico - The Potential
Mexico - The Potential TSX Venture: SSE ✓ Located within northwest-trending “Sonora Gold Belt” in Sierra PINO de PLATA Madre and parallel to Au-Ag-rich Mojave-Sonora Megashear ✓ Properties well located near Coeur’s Palmarejo Au-Ag Mine, Minera Alamos’ Santana/Nicho Au Mine and others ✓ Diamante - Te
Slide 16: Project Locations
Project Locations Sierra Madre Occidental - Sonora TSX Venture: SSE Jackie, Diamante and El Mezquite Pino de Plata Silver Spruce Project Locations
Slide 17: Project Overview - Mexico
Project Overview - Mexico TSX Venture: SSE ✓ Silver Spruce signed three agreements with Colibri Resource to EL MEZQUITE acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, ✓ and up to 50% interest in each of the early-stage Ja
Slide 18: Project Overview - Mexico
Project Overview - Mexico TSX Venture: SSE ✓ Jackie - There is no prior exploration reported on the EL MEZQUITE Property. High Au-Ag assays to 9.65 g/t Au and 515 g/t Ag in new discovery. ✓ Diamante - Ten known showings at La Prieta-El Aguaje, El Chon, El Pillado, La Olla, Lupita, Mezquite Raizudo,
Slide 19: Diamante Au-Ag Project, Sonora, Mexico
TSX Venture: SSE Diamante Au-Ag Project, Sonora, Mexico
Slide 20: Diamante - The Property
Diamante - The Property TSX Venture: SSE ✓ Located 54km SW of Mulatos and 60km SW of La India Mines in the Sierra Madre Occidental gold- silver belt, 10km W of Nicho deposit ✓ Road and trail-accessible concessions comprising 1,057 hectares located 165km SE of Hermosillo ✓ Multiple Exploration Target
Slide 21: Diamante - Location, Access, Targets
Diamante - Location, Access, Targets TSX Venture: SSE La Prieta Aguaje Pillado El Chon La Olla Lupita Mezquite Raizudo El Cumbro Calton Anomalía Sur
Slide 22: Diamante - Exploration and Plans
Diamante - Exploration and Plans TSX Venture: SSE ✓ LiDAR survey completed to provide high resolution topography and imagery ✓ Regional hyperspectral ASTER and Landsat 8 OLI interpretation and rock sample hyperspectral in process Q1 2022 ✓ ArcGIS Compilation Q1 2022 ✓ Due diligence sampling verifies
Slide 23: Diamante Historical Rock Sampling - Part 1
Diamante Historical Rock Sampling - Part 1 TSX Venture: SSE Location SAMPLE ID Au ppm Ag ppm Calton Sur 65685 39.8 109 Calton 65615 18.65 62 La Prieta 65514 6.76 351 El Cumbro No tiene 6.41 3460 Mezquite Raizudo Sur 65670 6.41 307 La Prieta 3451 5.68 298 Mezquite Raizudo 65660 5.64 8 Mezquite Raizud
Slide 24: Diamante Historical Rock Sampling - Part 2
Diamante Historical Rock Sampling - Part 2 TSX Venture: SSE Location Sample ID Au ppm Ag ppm Pb ppm Zn ppm Cu ppm La Prieta D-4 25.69 1,265 182,200 230,720 14,700 La Prieta 30257 5.21 446 96,600 12,900 5,420 La Prieta 1886 4.979 260 7,273 19,347 953 El Chon 30293 3.03 1,360 103,500 327 --- La Prieta
Slide 25: Diamante Historical Rock Sampling - Part 2
Diamante Historical Rock Sampling - Part 2 TSX Venture: SSE Location Sample ID Au ppm Ag ppm Pb ppm Zn ppm Cu ppm El Chon 1891 0.292 1,067 3,990 264 39 Aguaje 1883 0.902 321 20,355 5,100 207 El Chon 30292 0.796 185 11,500 287 --- Hacia el Oeste D-13 0.23 170 4,400 15,780 1,300 Pillado 1876 0.306 159
Slide 26: Diamante 2022 Rock Sampling
Diamante 2022 Rock Sampling TSX Venture: SSE ✓ Ongoing geological mapping of drill targets ✓ Sample collected from Calton in Diamante 2 Concession ✓ Euhedral sulphides with tarnish ✓ Open space filling in pocket ✓ Preliminary PXRF (portable x-ray fluorescence) analysis reported 28 g/t Au ✓ Assays pe
Slide 27: Diamante 1 & 2 - Exploration Quote
Diamante 1 & 2 - Exploration Quote TSX Venture: SSE Calton Anomalía Sur “The TLALI algorithm maps for the LANDSAT 8 OLI and combined LANDSAT 8/ASTER data, respectively, illustrate the spectral response for silicification and argillic alteration, including generic clay, alunite, pyrophyllite, kaolini
Slide 28: Diamante 1 - Workings and Drill Targets
Diamante 1 - Workings and Drill Targets TSX Venture: SSE
Slide 29: Diamante 1 - Workings and Drill Targets
Diamante 1 - Workings and Drill Targets TSX Venture: SSE
Slide 30: Diamante 2 - Workings and Drill Targets
Diamante 2 - Workings and Drill Targets TSX Venture: SSE
Slide 31: Diamante 2 - Workings and Drill Targets
Diamante 2 - Workings and Drill Targets TSX Venture: SSE
Slide 32: Diamante 1 - Phase 1 Drill Exploration
Diamante 1 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 33: Diamante 1 - Exploration and Plans
Diamante 1 - Exploration and Plans TSX Venture: SSE La Prieta and Aguaje target El Pillado target El Chon target
Slide 34: Diamante 1 - Phase 1 Drill Exploration
Diamante 1 - Phase 1 Drill Exploration TSX Venture: SSE El Chon target
Slide 35: Diamante 1 - Phase 1 Drill Exploration
Diamante 1 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 36: Diamante 1 - Phase 1 Drill Access
Diamante 1 - Phase 1 Drill Access TSX Venture: SSE El Chon and El Chon Oeste Area Trails (open or cleaning required) Trails (new for drilling)
Slide 37: Diamante 1 - Phase 1 Drill Exploration
Diamante 1 - Phase 1 Drill Exploration TSX Venture: SSE La Prieta target
Slide 38: Diamante 1 - Phase 1 Drill Exploration
Diamante 1 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 39: Diamante 1 - Phase 1 Drill Exploration
Diamante 1 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 40: Diamante 1 - Phase 1 Drill Access
Diamante 1 - Phase 1 Drill Access TSX Venture: SSE El Chon and ElArea La Prieta Chon Oeste Area Trails Trails (open or(open or cleaning cleaning required)required) Trails Trails (new for(new for drilling) drilling)
Slide 41: Diamante 2 - Phase 1 Drill Exploration
Diamante 2 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 42: Diamante 2 - Phase 1 Drill Exploration
Diamante 2 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 43: Diamante 2 - Phase 1 Drill Exploration
Diamante 2 - Phase 1 Drill Exploration TSX Venture: SSE
Slide 44: Diamante 2 - Phase 1 Drill Access
Diamante 2 - Phase 1 Drill Access TSX Venture: SSE El Chon and El Calton Chon Oeste Area Area Trailsor Trails (open (open or cleaning cleaning required) required) Trailsfor Trails (new (new for drilling) drilling)
Slide 45: Jackie Au-Ag Project, Sonora, Mexico
TSX Venture: SSE Jackie Au-Ag Project, Sonora, Mexico
Slide 46: Jackie - The Property
Jackie - The Property TSX Venture: SSE ✓ Located 52km SW of Mulatos and 60km SW of La India Mines in very productive region of the Sierra Madre Occidental gold-silver belt ✓ Road and trail-accessible concessions comprising 1,130 hectares located 170km SE of Hermosillo ✓ Exploration Target is low gra
Slide 47: Jackie - Exploration and Plans
Jackie - Exploration and Plans TSX Venture: SSE ✓ Recent Au, multi-element and hyperspectral analysis of 310 rock samples in Phase 1 and 2 programs ✓ Phase 1 prospecting identifies new Au-Ag target up to 9.56 g/t Au and 515 g/t Ag ✓ Phase 2 mapping extends mineralization to 200m x 400m area with ope
Slide 48: Jackie - Exploration Quote
Jackie - Exploration Quote TSX Venture: SSE Phase 1&2 August 2021 “We are excited about the potential for Jackie given the positive results and an original discovery with our early exploration campaigns. The intense silicate and oxide alteration with high-grade precious metal values ranging up to 9.
Slide 49: Jackie - Sampling, Proposed Phase 1 Trenching
Jackie - Sampling, Proposed Phase 1 Trenching TSX Venture: SSE
Slide 50: Jackie - Sampling, Proposed Phase 1 Drilling
Jackie - Sampling, Proposed Phase 1 Drilling TSX Venture: SSE
Slide 51: El Mezquite Au-Ag Project, Sonora, Mexico
TSX Venture: SSE El Mezquite Au-Ag Project, Sonora, Mexico
Slide 52: El Mezquite - The Property
El Mezquite - The Property TSX Venture: SSE ✓ Located 50km WSW of Mulatos and 58km WSW of La India Mines in very productive region of the Sierra Madre Occidental gold- silver belt ✓ Road-accessible concessions comprising 180 hectares located 170km SE of Hermosillo ✓ Exploration Target is low grade,
Slide 53: Project Location
Project Location Sierra Madre Occidental - Sonora TSX Venture: SSE El Mezquite El Mezquite Property Project Location
Slide 54: El Mezquite - Terrain and Vegetation
El Mezquite - Terrain and Vegetation TSX Venture: SSE
Slide 55: El Mezquite - Surface Alteration
El Mezquite - Surface Alteration TSX Venture: SSE
Slide 56: El Mezquite - Ground Magnetic Survey
El Mezquite - Ground Magnetic Survey TSX Venture: SSE Grab Sample Overlay on Contoured Total Field Magnetic Intensity
Slide 57: El Mezquite - Exploration and Plans
El Mezquite - Exploration and Plans TSX Venture: SSE ✓ Rock samples up to 3.41 g/t Au & 387 g/t Ag ✓ Regional hyperspectral ASTER and Landsat 8 OLI interpretation ✓ LiDAR survey completed to provide high resolution topography and imagery ✓ Phase 1 20-hole 2,475m drill program completed ✓ ArcGIS Comp
Slide 58: El Mezquite - Exploration Quote
El Mezquite - Exploration Quote TSX Venture: SSE “We are pleased to report encouraging precious metal assays to 1.435 g/t Au in 19 of the first 20 holes drilled at El Mezquite consistent with our exploration expectations for a low-grade, heap-leachable target with mineralization in the range of 0.1
Slide 59: El Mezquite - Rock Chip Sampling, Workings
El Mezquite - Rock Chip Sampling, Workings TSX Venture: SSE
Slide 60: El Mezquite - Exploration Quote
El Mezquite - Exploration Quote TSX Venture: SSE “The latest drilling identified more and thicker intervals, the best assays to date and significant multi-metal haloes indicating the importance of structural targets generated from the geological data compilation.”
Slide 61: El Mezquite - Drilling Plans
El Mezquite - Drilling Plans TSX Venture: SSE Collars proposed for Phase 2 drill program LiDAR 20cm resolution base map Phase 1 Phase 2
Slide 62: El Mezquite - Drilling Plans
El Mezquite - Drilling Plans TSX Venture: SSE Phase 2 Targets El Mezquite North
Slide 63: Pino de Plata Ag-Au Project, Chihuahua, Mexico
TSX Venture: SSE Pino de Plata Ag-Au Project, Chihuahua, Mexico
Slide 64: Pino de Plata - The Property
Pino de Plata - The Property TSX Venture: SSE ✓ Located 15 km away from Coeur Mining’s flagship Palmarejo Mine in Chihuahua, Mexico ✓ Four road-accessible concessions comprising 397 hectares in the heart of the Sierra Madre Occidental gold-silver belt ✓ Definitive Purchase Agreement for 100% interes
Slide 65: Pino de Plata - Vein Targets
Pino de Plata - Vein Targets TSX Venture: SSE The Sierpe I & II and Theodora veins are open on strike and have indications of high grade >8 opt (250 g/t) Ag
Slide 66: Pino de Plata - Carbonate Replacement Targets
Pino de Plata - Carbonate Replacement Targets TSX Venture: SSE Santa Elena - Gossan Area is a viable target for replacement Ag-Pb-Zn-Cu deposits where extensive gossans are anomalous in Ag and base metals, unoxidized replacement mineralization approaches 200 g/t Ag with potential for relatively shal
Slide 67: Pino de Plata - Epithermal Targets
Pino de Plata - Epithermal Targets TSX Venture: SSE Terrero Vein sampled 1130 g/t Ag with 3.72% Pb for 1278 g/t AgEq. Seven out of nine samples >1 oz/t (31.25 g/t) Ag and up to 17.8 oz/t ( 5 5 7 g / t ) Ag.
Slide 68: Pino de Plata - Exploration and Plans
Pino de Plata - Exploration and Plans TSX Venture: SSE ✓ LiDAR survey completed in 2021 ✓ LiDAR interpretation ✓ ArcGIS compilation ✓ Negotiations for surface land access remain in progress ✓ Permitting for 30 drill pads approved ✓ Signing of Landowner Access Agreement ✓ Drilling - Phase 1 20-30 sit
Slide 69: Pino de Plata - LiDAR Mapping
Pino de Plata - LiDAR Mapping TSX Venture: SSE La Perla Santa Clara Sierpe Hedionda El Terrero Theodora Gossan Santa Elena El Muro LiDAR enhanced digital elevation map with drill targets looking south across Pino de Plata property
Slide 70: Pino de Plata Project Drilling Plan
Pino de Plata Project Drilling Plan TSX Venture: SSE Geological map with section lines and twelve (12) proposed drill pads (dark blue symbols circled in red), collar location, azimuth and orientation, and projected depth showing distribution across property.
Slide 71: Pino de Plata - Exploration Quote
Pino de Plata - Exploration Quote TSX Venture: SSE "We have final receipt of flight data from our recently completed LiDAR survey and are updating the Pino de Plata ArcGIS database while negotiations remain ongoing to reach an access agreement with the landowner to permit drilling on several highly
Slide 72: Project Locations - Canada
Project Locations - Canada TSX Venture: SSE Pope’s Hill Mystery Melchett Lake
Slide 73: Project Overview - Canada
Project Overview - Canada TSX Venture: SSE ✓ Silver Spruce is acquiring 100% of the 8,750-hectare Mystery, Till and Marilyn properties. Exploits Subzone Gold Belt in central Newfoundland near Sokoman Minerals and New Found Gold discoveries. Grassroots stage property. ✓ Vendor and due diligence sampl
Slide 74: Mystery Au Project, Newfoundland and Labrador, Canada
TSX Venture: SSE Mystery Au Project, Newfoundland and Labrador, Canada
Slide 75: Mystery - The Potential
Mystery - The Potential TSX Venture: SSE ✓ Our initial site exploration verified mineral and rock textures common to shallow epithermal and/or orogenic ‘mesothermal or lode’ vein-style mineralization with Au-As±Sb geochemical association ✓ Highly anomalous As compared even to known high profile proj
Slide 76: Mystery - Regional Gold Play
Mystery - Regional Gold Play TSX Venture: SSE Claim and Mineral Activity Map ✓ Located 20-25 km west of New Exploits Subzone Gold Belt Found Gold Corp.’s Queensway SSE-TSXV Property Options project and 15-35 km south of Sokoman Minerals’ Moosehead gold project, central Newfoundland ✓ Strategic locat
Slide 77: Mystery - The Property
Mystery - The Property TSX Venture: SSE ✓ Historical rock sampling to 12.5 g/t Au ✓ Definitive Purchase Agreement for 100% interest signed; due diligence verification assays to 8.0 g/t Au ✓ Multiple occurrences are reported of agate chalcedony to colloform and crystalline silica veining, carbonate r
Slide 78: Mystery - Proximity to Regional Structures
Mystery - Proximity to Regional Structures TSX Venture: SSE Ì Ì Ì Ì MYSTERY Ì We are targeting major and minor structural sets, zones showing strike shift, potential dilation, zones of high resistivity associated with silicification, among other indicators.
Slide 79: Mystery - Exploration Quote
Mystery - Exploration Quote TSX Venture: SSE “We have great access, prospective geology with only limited exploration and no history of drilling. Airborne geophysics and till sampling underway.”
Slide 80: Mystery - Exploration and Plans
Mystery - Exploration and Plans TSX Venture: SSE ✓ GIS Compilation Q4 2021 to Q2 2022 ✓ Acquisition, Review and Interpretation of Regional Geophysical Surveys Q2 2022 ✓ Permitting Q4 2021 completed ✓ New airborne geophysics Q4 2021/Q1 2022 ✓ Gold Grain Till Sampling Q4 2021/Q1 2022 ✓ Till Processing
Slide 81: Mystery - 2022 Airborne Geophysics
Mystery - 2022 Airborne Geophysics TSX Venture: SSE MPX Geophysics Feb 2022 Preliminary Map Total Field Magnetics (TMI) Multiple rock types offset by branching and intersecting structural trends which are key to localization of regional gold mineralization
Slide 82: Mystery - 2022 Airborne Geophysics
Mystery - 2022 Airborne Geophysics TSX Venture: SSE Marilyn Block MPX Geophysics Feb 2022 Preliminary Map Total Field Magnetics (TMI) Multiple rock types with N-S linear (contact with and apparent NE fold trend within metasedimentary units on west. Powerline crosses to SE.
Slide 83: Mystery - Gold Grain in Till Sampling
Mystery - Gold Grain in Till Sampling TSX Venture: SSE MARILYN MYSTERY Property-wide till sampling for heavy mineral concentration, gold grain collection with frequency, size and morphological analysis, and geochemical multi-element analysis of concentrate. Samples in red collected to date.
Slide 84: Melchett Lake Zn-Au-Ag-Cu-Pb VMS Project, Ontario, Canada
TSX Venture: SSE Melchett Lake Zn-Au-Ag-Cu-Pb VMS Project, Ontario, Canada
Slide 85: Melchett Lake - The Potential
Melchett Lake - The Potential TSX Venture: SSE ✓ The Ontario Geological Survey Exploration Highlights in 2016- 2017 reported “The potential of discovery of economic zinc- lead-silver-gold-bearing VMS deposits in the Melchett Lake greenstone belt is high.” ✓ Multi-kilometre strike length of the known
Slide 86: Melchett Lake - The Property
Melchett Lake - The Property TSX Venture: SSE ✓ 5,022 hectare Melchett Lake property contains polymetallic Zn-Pb-Cu-Ag-Au VMS style mineralization ✓ Similar in character to ore deposits at Geco, Mattabi, Winston Lake, Brunswick, Rouyn-Noranda, Lyon Lake, Murchison, Snow Lake ✓ Road, fixed wing float
Slide 87: Melchett Lake - Historical Geology Map
Melchett Lake - Historical Geology Map TSX Venture: SSE Current property boundary Intermediate to felsic metavolcanics Mineralized metavolcanics Metasediments Melchett Lake historical claims (red), geology and principal mineral occurrences at Relf (pink) and Nakina (green)
Slide 88: Melchett Lake - Relf Zone
Melchett Lake - Relf Zone TSX Venture: SSE Relf Zone rock sampling from main trench area - Davison 1983, 1984 Sample Target Zinc ppm Lead ppm Copper ppm Silver ppm Gold ppb Zinc % Silver g/t A-244 Relf >10000 5400 1900 >100 78 7.03 120.7 A-245 Relf >10000 5600 3500 >100 900 8.65 133.7 A-246 Relf >10
Slide 89: Melchett Lake - Nakina Zone
Melchett Lake - Nakina Zone TSX Venture: SSE SSE Director Greg Davison and Project Geologist Luc Lepage at Nakina Zone trenching areas
Slide 90: Melchett Lake - Nakina Zone
Melchett Lake - Nakina Zone TSX Venture: SSE Nakina Zone rock sampling from main trench area - Davison 1983, 1984 Sample Target Zinc ppm Lead ppm Copper ppm Silver ppm Gold ppb Zinc % Silver g/t A-204 Nakina >10000 2400 57 6 200 1.19 A-205 Nakina >10000 600 220 NR 110 2.05 A-207 Nakina >10000 NR 470
Slide 91: Melchett Lake - 2019 Rock Sampling
Melchett Lake - 2019 Rock Sampling TSX Venture: SSE Nakina and Relf Zone rock sampling - Silver Spruce 2019 Sample No. Target Zinc ppm Lead ppm Copper ppm Silver ppm Gold ppm Zinc % Silver g/t 108101 Nakina 20 10.6 16.5 1.1 0.031 108102 Nakina 2 0.4 0.7 0.02 0.002 108103 Nakina 3310 892 58.6 1.6 0.0
Slide 92: Melchett Lake - Exploration and Plans
Melchett Lake - Exploration and Plans TSX Venture: SSE ✓ Signed Agreement with Aroland First Nation in Q2 2021 ✓ Signed Agreement with Ginoogaming First Nation in Q3 2021 ✓ Finished MPX Geophysics Mag/VLF/Gamma Survey Q4 2021 ✓ Contracted in3D Geoscience for geophysical compilation ✓ GIS Compilation
Slide 93: Melchett Lake - Target Evaluation
Melchett Lake - Target Evaluation TSX Venture: SSE Geophysical and Geochemical Anomalies ✓ Magnetic anomalies define structural complexity and potential stacking of mineralization ✓ Resistivity anomalies due to footwall or hangingwall alteration of VMS deposits (chlorite, sericite, silica, etc.) ✓ C
Slide 94: Melchett Lake - Exploration Stages
Melchett Lake - Exploration Stages TSX Venture: SSE Quantec Spartan MT Survey Area MPX Geophysics Airborne Survey Area 2010 MNDM Survey - Total Field Magnetics over 5,022-ha Melchett Lake claims (red boundary) showing 2021 MPX and 2022 Quantec surveys; following slide shows detailed MPX survey resul
Slide 95: Melchett Lake - Exploration Update Q4 2021
Melchett Lake - Exploration Update Q4 2021 TSX Venture: SSE Inset Map (to follow) Quantec Spartan MT Survey Area MPX Geophysics Airborne Survey Area
Slide 96: Melchett Lake - Exploration Update Q4 2021
Melchett Lake - Exploration Update Q4 2021 TSX Venture: SSE Inset Map (to follow) Quantec Spartan MT Survey Area MPX Geophysics Airborne Survey Area
Slide 97: Melchett Lake - Geophysics
Melchett Lake - Geophysics TSX Venture: SSE Resistivity high – footwall alteration Conductor - massive sulphide Chargeability high - disseminated sulphide 1 kilometre Compiled geophysical anomalies Relf and central zones
Slide 98: Melchett Lake - Target Evaluation
Melchett Lake - Target Evaluation TSX Venture: SSE Geophysical and Geochemical Anomalies ✓ Magnetic anomalies define structural complexity and potential stacking of mineralization ✓ Resistivity anomalies due to footwall or hangingwall alteration of VMS deposits (chlorite, sericite, silica, etc.) ✓ C
Slide 99: Melchett Lake - Geochemistry
Melchett Lake - Geochemistry TSX Venture: SSE 2 kilometres Principal sodium depletion anomalies from grab rock sampling
Slide 100: Melchett Lake and Geco Comparison
Melchett Lake and Geco Comparison Style, Grade, Size, Structure and Location with Potential TSX Venture: SSE Geco chalcopyrite-cordierite
Slide 101: Melchett Lake - Geology Analogues
Melchett Lake - Geology Analogues TSX Venture: SSE Adapted from Franklin 2016 Mattabi ore deposit stratigraphy and ore type distribution
Slide 102: Melchett Lake and Geco Comparison
Melchett Lake and Geco Comparison Style, Grade, Size, Structure and Location with Potential TSX Venture: SSE ✓ Polymetallic Zn-Pb-Cu-Ag-Au VMS mineralization e.g., Mattabi, Winston Lake, Brunswick ✓ Amphibolite grade in greenstone belt near margin of metasedimentary belt ✓ Principal host quartz - mu
Slide 103: Geco Mine Value Summary
Geco Mine Value Summary Style, Grade, Size, Structure and Location with Potential TSX Venture: SSE ✓ Discovered 1953 ✓ 15Mt at production decision 1954 ✓ Operating mine 1957 ✓ Closure 1995 ✓ Total resource 58 Mt ✓ 33 years pit and U/G production 48 Mt ✓ Mine grade 4% Zn, 2% Cu, 52 g/t Ag, 0.3% Pb ✓
Slide 104: Pope's Hill REE Project, Labrador
TSX Venture: SSE Pope’s Hill REE Project, Labrador
Slide 105: Pope's Hill - The Property
Pope’s Hill - The Property TSX Venture: SSE ✓ The Pope's Hill rare earth element (REE) trend extends along the Trans-Labrador Highway approximately 100 km west from Goose Bay, Newfoundland and Labrador ✓ The Property currently comprises 10 claims for a total of 250 hectares located over the core sho
Slide 106: Pope's Hill - Exploration
Pope’s Hill - Exploration TSX Venture: SSE ✓ Airborne radiometric /high resolution magnetic/ VLF-EM survey along the trend ✓ Regional stream sediment geochemistry ✓ Till pits and sampling ✓ Prospecting ✓ Geological mapping ✓ Trenching and sampling on the PH MP property and the MRT property ✓ Line cu
Slide 107: Pope's Hill - Exploration Highlights
Pope’s Hill - Exploration Highlights TSX Venture: SSE ✓ Individual high values for the elements, all in the highest grade sample (941432) were: La – 5%, Ce – 9.7%, Pr – 1.08%, Nd – 3.85%, Sm – 0.70%, Eu – 213 ppm, Gd – 0.56%, Tb – 828 ppm, Dy – 0.47%, Ho – 875ppm, Er – 0.23%, Tm – 283 ppm, Yb – 0.14
Slide 108: Silver Spruce Resources Inc.
Silver Spruce Resources Inc. TSX Venture: SSE, USA OTCQB: SSEBF, Frankfurt: S6Q MELCHETT LAKE Suite 440, 1600 Bedford Highway, Bedford, Nova Scotia, B4A 1E8 Canada Michael Kinley CEO Director 902-402-0388 Greg Davison PGeo VPX Director 250-521-0444 info@silverspruceresources.com www.silversprucereso
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