Precious Metals
Silver Spruce Mobilizes Exploration Crews to Mystery Gold Project, Newfoundland
Silver Spruce Resources Inc. [SSE-TSXV; SSEBF-OITCQB] has mobilized its local exploration team, managed by the…

Silver Spruce Resources Inc. [SSE-TSXV; SSEBF-OITCQB] has mobilized its local exploration team, managed by the property vendor, to resume the gold-grain-in-till sampling and soil geochemical sampling on the Mystery gold project on the island of Newfoundland.
The company signed a definitive agreement in September 2021 with two parties (the vendors) to acquire 100% of three early-stage gold exploration properties, namely, the Mystery, Till and Marilyn, located near Grand Falls, Newfoundland and Labrador, Canada, 20-25 km west of the New Found Gold Corp. [NFG-TSXV; NFGC-NYSE American] Queensway project and 15-35 km south of the Sokoman Minerals Corp. [SIC-TSXV; SICNF-OTCQB] Moosehead gold project.
“We have re-initiated the Phase 1 exploration sampling program and look forward to completion of the sample collection in early July with shipment to the processing and analytical facilities shortly thereafter,” said Greg Davison, Silver Spruce Vice-President Exploration and Director. “Approximately 50% of the planned sampling was completed before the winter season. Multi-element geochemistry and gold grain results were received in Q2 2022 from the laboratories. The promising initial results are being evaluated and will be released in due course.”
“Most importantly, the Properties comprise a large, virtually untested area given the number of showings, prospective geology and regional geophysical structures within and adjacent to our holdings,” stated Davison. “The wide-spaced gold grain in till sampling program’s location, frequency, size and shape distribution data will provide the first pass exploration filter over our airborne geophysical survey base map from our MPX Geophysics survey completed in Q1 2022.”
The gold grain in till program is underway with B zone soil geochemical sampling over the remainder of the planned 184 locations for THE Mystery Lake and Marilyn blocks.
The company has staged plans to complete, with its receipt of exploration approvals from the Mineral Lands Division of the Government of Newfoundland and Labrador.
The properties are located close to each other and 10-45 kilometres south by Bay d’Espoir Highway from Bishop’s Falls, Newfoundland and are easily accessible from major paved roads and local logging and bush roads and trails. The properties have seen little recent exploration. Prospecting by the vendor is the only exploration conducted during the past 10 years.
tsxv
nyse
otcqb
gold
silver
tsxv-nfg
new-found-gold-corp
new found gold corp
tsxv-sse
silver-spruce-resources-inc
silver spruce resources inc
tsxv-sic
sokoman-minerals-corp
sokoman minerals corp

ASX Large Caps: UBS calls peak in thermal coal as local shares touch 9-month high; Fed later tonight
The ASX rallied another 0.3%, touching a 9-month high Market anxiety is high as investors await the Fed’s rates decision … Read More
The post ASX Large…
Resources Top 5: ASX silver stock enters low orbit with monstrous 116m long, 1103g/t hit
Lode (ASX:LDR) surged +150% on an outstanding silver drill hit at the historic Webbs Consol project in NSW. … Read More
The post Resources Top 5: ASX…
Matsa jumps on ‘simply sensational’ gold hits at Fortitude North
Special Report: Matsa Resources has caught the eye of gold bugs with impressive results from a new reverse circulation drilling … Read More
The post…
-
Drilling News20 hours ago
Millennial Potash Corp. Announces Mr. Jason Wilkinson as Chief Executive Officer to Lead Banio Potash Project
-
Uncategorized20 hours ago
Power Nickel To Use Sound Mapping Tech To Further Explore Nisk Project
-
Energy & Critical Metals20 hours ago
Lithium Americas To Receive $650 Million Investment From General Motors
-
Base Metals20 hours ago
Aluminum Inventories Still Historically Low, Prices Edge Upward
-
Drilling News20 hours ago
NevGold Announces Approval Of Exploration Notice Permit At Nutmeg Mountain Allowing For Expanded Drill Program
-
Financing News19 hours ago
York Harbour Metals Successfully Closes Acquisition of Rare Earth Elements Mineral Property in Western Newfoundland
-
Financing News20 hours ago
Mosaic Starts a New Drilling Campaign on Gaboury
-
News Releases19 hours ago
Global Energy Metals Summarizes Activities at the Lovelock and Treasure Box Projects and Outlines Next Steps in Light of Positive Results