Sparton Resources Inc. Oakes Gold Project Update

Work Permit Received

Magnetic Survey Completed

TORONTO, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced today that it has received its work permit from the Ontario Ministry of Energy Northern Development and Mines and completed the drone supported magnetic survey over most of the Oakes Gold Project, in Ontario.  

WORK PERMIT RECEIVED

Effective September 4^th, 2020, Sparton received a work permit for the Oakes Project area.  The permit comprises approvals for core drilling and mechanical stripping in the area of the old shaft, sunk by the Harry Oakes financed syndicate in the early 1930s, as well as general prospecting work.

The Company will now begin completion of an access road to the Oakes shaft area using the existing historical track, and accurately locate all of the old 1930s drill sites and trenches. Preparation of drill pads for the planned initial drill program will carried in conjunction with some limited clearing and sampling of existing trenches.

AIRBORNE MAGNETIC SURVEY

A detailed, drone supported airborne magnetic survey covering most of the Company’s 42 claim package was completed in late August by Fera UAV of Timmins, Ontario. Preliminary data has been received. The quality is excellent and indicates that the Oakes shaft area is located at the intersection of two well defined magnetic linears which likely represent structural features that may control the mineralization seen there. Future prospecting work will focus on exploring the extensions of these structural linears away from the Oakes shaft area site.

Four of the claims at the Oakes Leases had been covered by a drone supported aero-magnetic survey completed over the leases in late 2019 using the same geophysical contractor. A distinct magnetic anomaly is associated with the Oakes Zone and extends onto the recently acquired adjacent Claims. Please see map on Company website. The other Claims recently acquired 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 Claims.