Sparton Resources Inc.

Oakes Gold Project - Historical Data Located - Drilling Program Enhanced

TORONTO, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced today that it has located a comprehensive data set of the past work carried out on the Oakes Gold Project, near Matachewan, Ontario.  The information has been graciously provided by the family of the late Robert Peters, one of the former partners who managed the mining syndicate supported by the Harry Oakes interests up until 1995. These data will permit accurate placement of new drill holes for the upcoming drill program.

HIGHLIGHTS FROM HISTORICAL DATA  

Three drill holes near the shaft, and chip sampling in the shaft as well as in nearby trenches reported:             

• Grab samples apparently taken along the length of the 29 foot (8.5 meter) crosscut at the bottom of the shaft reportedly ranged in values from 0.06 to 9.02 ounces per ton (1.86 to 297.98 grams per tonne);
   
• Chip sample assays in trenches near the shaft reportedly ranged from 2.45 ounces per ton over 0.83 feet (76.0 g/ton over 0.25 metres) and 0.24 Oz/ton Au (8.23 grams per tonne) over 4 feet (1.22 metres) to 0.08 Oz Au per ton (2.74 grams per tonne) over 16 feet (4.9 metres):
   
• Chip samples taken in the walls of the shaft assayed up to 0.32 ounces per ton over 3 feet (10.98 grams per tonne over 0.9 metres) at a 24-foot depth.                    

• 0.24 ounces per ton over 5.0 feet (8.23 grams per tonne over 1.5 metres), and 0.42 ounces per ton over 3.0 feet (14.4 grams per tonne over 0.9 metres) were reported in in hole DDH 3.
   
• 0.16 ounces per ton over 18. feet (5.5 grams per tonne over 5.53 metres) were reported in hole DDH 2A.
   
• 0.20 ounces per ton over 6.0 feet (6.85 grams per tonne over 1.85 metres), 0.11 ounces per ton over 4.9 feet (3.77 grams per tonne over 1.49 metres), and 0.10 ounces per tonne over 2 feet (3.43 grams per tonne over 0.61 metres) were reported in in hole DDH 5;
   
• A trench approximately 150 feet (45.7 metres) east of the shaft known as “Pit 4” reported 0.03 ounces per ton along a 50 foot interval (1.03 grams per tonne over 15.2 metres) presumably taken as a chip sample.                    

INFORMATION AVAILABLE

Prior to receiving the data from the Peters Family, Sparton only had access to fragmented information, including photocopies of two hand-drawn sketches and parts of a summary report written by a consulting mining engineer in 1936.