Sparton Resources Inc.

Oakes Gold Project - Historical Data Located - Drilling Program Enhanced - Seite 2

The newly acquired information includes original photos, maps, drill logs, trench sampling, reports and assay certificate data from work completed by the Peters Syndicate in the 1930s. This work involved trenching, the sinking of a shallow shaft, limited underground crosscutting and completion of several shallow diamond drill core holes. Examples of the data will be posted shortly on the Company website www.spartonresources.com. The data includes original full-size maps that can be used to accurately relocate the old drill holes and trenches near the shaft site prior to beginning the Company drill program now in preparation.

There are also detailed chip sample assay data for the shaft itself, as well as for a number of trenches that are now overgrown.  The full -scale maps accurately show the trench locations, and these will now be cleared and re-examined in the field.                   

The historical assay information has results reported by both the assay laboratory at the nearby Matachewan Consolidated Mine (which was operating at the time of the work), and Timiskaming Testing Laboratories, in Cobalt, Ontario. This latter facility was operated by the Ontario government.

None of this historical information is available in the Ontario Government records.  Sparton now has detailed records showing this information and can accurately locate the drill holes, and trench and sample locations in the field with reference to the shaft location.

GOING FORWARD

The recently obtained information is being integrated into the drill program. Drilling is expected to begin by the end of September or the first week of October. Field preparations are currently underway and access trails and drill pads nearly complete.  All of the Project area is accessible from Ontario Highway 566.  Sparton has established a logistics base in the town of Swastika in the Kirkland Lake area to support the work.

SUMMARY

Company President, Lee Barker, stated; “Sparton is delighted to have acquired this information and wish to thank the Peters family for making it available to us. Accurately locating all of the past data points in the field is now possible and will be done shortly to support the drilling program and clearing out of the old trenches. We have prepared a new video updating our work which is available on the website or at the YouTube link below.”