Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Intent with three parties to acquire 100% of the Melchett Lake Zn-Au-Ag volcanogenic massive sulphide project, an advanced precious and base metal project in the Thunder Bay Mining District, northern Ontario, Canada. The 1,820 hectare project is located [...]
Silver Spruce Resources Inc. is pleased to announce that it has received approval of its Informe Preventivo, the environmental application required for drilling at the Cocula gold project in Jalisco State, Mexico. The permit allows for forty-seven drill sites over the 750-metre strike length of the known mineralized area. The Company is preparing a [...]
Silver Spruce Resources Inc. is pleased to announce that it has received gold, silver and base metal assays from new rock chip samples taken from the surface at the Cocula gold project in Jalisco State, Mexico, as part of the due diligence program being conducted by the Company. Nine out of 26 rock chip samples recently taken from surface outcrop [...]
- Silver Spruce Resources Inc. is pleased to announce that it has filed the first NI 43-101 technical report for the Cocula gold project on www.sedar.com. The report, dated August 27, 2019, is entitled, “Geology and Exploration of the Cocula Project, Municipality of San Martin Hidalgo, Jalisco State, Mexico” and was prepared for the Company and [...]
Silver Spruce Resources Inc. is deeply saddened by the passing of its longtime friend, collegue and CFO, Gordon Harold Barnhill. He passed away peacefully in the Halifax Infirmary, QEII, Halifax on August 28, 2019 at the age of 77. Gordon was dedicated to to his family and to professional excellence. He will be greatly missed. The Company extends [...]
- Silver Spruce Resources Inc. is pleased to announce the closing of its financing. The Company has issued 5,225,000 units at $0.05 per unit for gross proceeds of $261,250. Each unit consisted of one common share and one, full, two-year warrant, exercisable at $0.075 into one common share. All units acquired pursuant to the private placement, and [...]
- Silver Spruce Resources Inc. is providing the following information regarding the Company’s news release of 15 July 2019. As a result of a review by the Nova Scotia Securities Commission, we are issuing the following news release to clarify our disclosure. The Company was notified that an estimate of mineral resources in the section titled [...]
- Silver Spruce Resources Inc. is pleased to announce that it has received assays from due diligence samples taken from the Timmins Gold reverse circulation drill program stored at the project and assays from new surface samples taken by the independent Qualified Person preparing the maiden NI 43-101 report on the Cocula project in Jalisco State [...]
Silver Spruce Resources Inc. is pleased to announce that it has received the final payment for Kay Mine from CroesUS Gold Corp. The Company would like to thank CroesUS Gold Corp. for its final payment of $150,000 which concludes Silver Spruce €™s sale of the Kay Mine project. Silver Spruce extends best wishes to Croesus on its endeavour to advance the project. Silver Spruce will use some of the proceeds from the sale of the Kay Mine to immediately fund the due diligence program at its advanced Cocula gold project. Current Financing Update The Company has eliminated the forced conversion provision on its warrants to be issued in conjunction with its current financing. Silver Spruce is offering units at $0.05 which include one share and one, full, two-ye... [...]
Silver Spruce Resources Inc. announces a non-brokered private placement to sell up to 15,000,000 units in the capital of the Company at a price of $ 0.05 cents per Unit for total proceeds of up to CDN $750,000. Each unit will consist of one common share in the capital of Silver Spruce and one share purchase warrant. Each warrant will entitle the [...]
Silver Spruce Resources Inc. is pleased to announce that the Company has received a $200,000 cash payment from Croesus Gold Corp. that purchased the Kay Mine project from Silver Spruce. According to terms of the sale agreement with Croesus, the Company elected to receive all cash in lieu of shares of Croesus, which intends to complete a go-public [...]
Silver Spruce Resources Inc. is pleased to announce that the Company has awarded the contract for the imminent Phase I drill program at Pino de Plata to ECODRILL of Mexico. ECODRILL will mobilize equipment and personnel immediately and plans to begin drilling within a week. ECODRILL is an industry leader in environmentally sound drilling practices [...]
