Silver Spruce and Colibri intersect Au to 5.62 g/t and Ag to 239 g/t in polymetallic vein mineralization at La Prieta target at Diamante project, Sonora, Mexico

BEDFORD, NS / ACCESSWIRE / September 29, 2022 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company"), with its partner Colibri Resources Corp. ("Colibri"), announces further promising intersections of gold, silver and base metals from near-surface to 75 metres depth in the first shallow R/C drilling program on the Diamante project ("Diamante" or the "Property") which has had no prior drilling history.

Ten (10) holes were drilled in the 2,006-metre ("m") program at the La Prieta (10) Au-Ag-Pb-Zn-Cu targets (Figures 1, 2 and 3, Tables 1 and 2). The highest-grade samples returned from La Prieta drilling include 12.75% Zn, 5.6 % Pb, 239 g/t Ag, and 5.62 g/t Au. All holes intersected mineralization with intersection lengths ranging from 1.5 m to 13.5 and with variable metal abundances and ratios. Highlights of the results include:

• 2.48 grams per tonne ("g/t") Au + 56.7 g/t Ag over an intersection length of 9.0 m
• 1.76% Zn + 38.5 g/t Ag + 0.56 g/t Au over an intersection length of 13.5 m
• 1.61% Zn + 38.5 g/t Ag + 0.63 g/t Au over an intersection length of 10.5 m

"We are pleased to report on the latest assay data from our maiden exploration drilling program on two highly prospective areas of Diamante. Our second target, La Prieta, exhibited significant intervals of Pb and Zn sulphide mineralization up to a combined 18.35 wt.% Pb+Zn, with elevated Ag and Au, in variably altered andesite and rhyolite locally with shear/fault controls, comprising polymetallic vein-style occurrences within and adjacent to historical artisanal mining," stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

Foto: Accesswire

Foto: Accesswire

Table 1. Significant Select Assay Intervals from Phase 1 drilling at El Pillado target on Diamante Project (n=710 sampling intervals)

"Quantitative assays identified from one to four sulphide-bearing zones per hole consistent with pXRF analyses conducted during the drill program. Anomalous values of pathfinder elements including As, Cd, Cu, Hg and Sb were verified," Mr. Davison added. "The initial drilling confirmed that the indicated La Prieta mine target, both in shallow intersections and at depth, and given the promising metal grades, particularly in DIA22-17, warrants further work programs for the polymetallic, intermediate sulphidation mineralization. Stemming from these promising results, the Companies are discussing the scope and timing for next phase of exploration. Other high priority targets at Calton, Aguaje, El Chon, Mezquite Raizudo and several others also await boots on the ground-based activities."