Silver Spruce Reports Positive Gold Grain Till Results from 2023 Summer Program at Mystery Au Project, Newfoundland and Labrador - Seite 2

All but four of the samples (62) contained gold grains though only fifteen samples showed >10 grains and 3 >20 grains to a maximum of 39 grains. A total of twenty-six (26) sites contained elevated calculated ppb Visible Gold (9) and pristine gold particle morphologies (20 samples); three exhibited both. Modified gold grains were reported from forty-seven (47) sampling sites.

Within the first group of Phase 1 sampling, a total of the 94 till samples were collected, 175 gold grains were found in the samples with high gold grain counts of 21, 10, 9 & 8, only one of those grains was considered pristine, 8 were modified and 166 were reshaped. Eighty-seven samples had nil to 5 gold grains. Within the second campaign of Phase 1 sampling, a total of 35 till and B-horizon soil samples were collected. A total of 140 gold grains were found in the samples with only 11 barren samples. Of the 140 gold grains, 34 were pristine, 42 were modified and 64 were reshaped. Four samples contained between 10 and 22 gold grains.

Due to the relative increase in gold grain count compared to the number of samples from the initial sampling, several anomalous areas are recommended for follow up prospecting and more detailed sampling.

Soil geochemistry data for gold and two key pathfinder elements from the current survey reported Au to 15ppb, As to 69.8 ppm and Sb to 450 ppb which is comparable to earlier analytical results of Au to 26ppb, As to 101 ppm and Sb to 1,370 ppb. Both sample sets showed similar frequency value distribution. A compilation of the ArcGIS geochemistry mapping is expected shortly.

The earlier survey identified arsenic anomalies in Marilyn transecting from north to south, proximal to the gold grain trend occurring on a southwesterly linear parallel to regional geological and magnetic structure (Figure 2). The Mystery Lake claims also showed a cluster with elevated arsenic and, relatively more abundant, antimony adjacent to the highest Au grain data.

Recent map staking (see Press Release February 8, 2023) of additional claims tied to both the Marilyn and Till properties effectively doubled property coverage to 148 square kilometres (14,790 ha) (Figures 3 and 4). The new claims occur adjacent to several gold grain and geochemical anomalies reported from the Company's 2021 and 2022 Phase 1 programs.

Foto: Accesswire

Figure 2. Map of the Marilyn and Mystery properties showing wide spaced till and B soil sampling locations with gold grain frequency recovered during 2021 and 2022, and sampling locations from 2023 over major structural features (red) and geological contacts.

Foto: Accesswire

Figure 3. Map of the Mystery Project claims, named from north to south, Marilyn (consolidated with new claims and Till block) and Mystery Lake, located only 20-50km south of Bishop's Falls, Newfoundland.

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