Silver Spruce Reports Positive Gold Grain Till Results from 2023 Summer Program at Mystery Au Project, Newfoundland and Labrador

BEDFORD, NS / ACCESSWIRE / October 30, 2023 / Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company")(TSXV:SSE) is pleased to announce the successful completion of our Phase 2 gold grain in till and B soil sampling exploration program at the 602-claim Mystery Au project ("Mystery").

"The till sampling of the new claims identified our best gold grain frequency data so far with a maximum of thirty-nine grains in GR-37 in the southern part of the claims and other significant results spread from north to south throughout the Marilyn claims (Figure 1)", said Mr. Davison. "As per our planned summer programs, we initiated and completed in two stages, over the Marilyn claim block, Phase 2 prospecting and geological mapping and further regional sampling with a primary view to drill target generation in Q3 2023. Till sampling results are provided herein."

Foto: Accesswire

Figure 1. Map of the combined Marilyn claims showing gold grain results from wide-spaced till and B soil sampling locations during 2021, 2022 and 2023. The 2023 gold grain in till results (VGG 15-39 grains black/white triangles, VGG-Calc green triangles, both VGG >15 grains and VGG-Calc blue triangles) illustrate the preliminary heavy mineral concentrate data.

"The sample locations locally cluster and/or exhibit southerly trains which occur proximal to northeasterly airborne geophysical linears in the Botwood Group or straddle the west-southwest contact of these metasediments and within the marginal phases of the Mount Peyton intrusion (Figure 2)," said Mr. Davison. "The gold grain data in this widely spaced till survey clearly provide several priority targets for infill sampling and a focus for additional prospecting and rock sampling. The recently completed rock sampling and geochemistry results with our drilling application specifics will follow shortly."

The 2023 gold grain in till program accompanied by B zone soil geochemical sampling is complete over a total of sixty-six (66) additional locations on the newly staked Marilyn block. Those sites remaining were deferred due to distance from access trails and swampy ground and will require future helicopter support.

As per the previous Company programs, the till samples, averaging 12kg in weight of screened -¼" or -½" material, were shipped to Nepean, Ontario and submitted to Overburden Drilling Management ("ODM") for processing and gold grain analysis. The soil samples were shipped to ALS Global in North Vancouver for precious metal and multi-element analysis.