Silver Spruce Prospecting and Geological Program Identifies Drill Targets on Epizonal Arsenopyrite-Quartz-Carbonate Veins and Breccias in Marilyn Claims at Mystery Au Project, Exploits Gold Belt, Newfoundland and Labrador

BEDFORD, NS / ACCESSWIRE / November 27, 2023 / (TSXV:SSE) - Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") is pleased to announce completion of our Phase 2 prospecting, mapping, rock sampling, and structural overview as integral aspects of its ongoing exploration program at the 602-claim Mystery Au project ("Mystery") (see Figure 1).

"As per our planned summer programs, we initiated and completed in three stages, over the Marilyn claim block, prospecting, rock and soil sampling, structural mapping and further regional till sampling with a primary view to drill target generation in Q4 2023. Prospecting of the new Marilyn claims identified localized float and outcropping rock samples showing intense silicification with iron carbonate accompanied by multi-phase siliceous veins and breccias, and minor to trace arsenopyrite, pyrite, chalcopyrite and malachite (see Figures 2, 3 and 4). Gold to 1035 ppb, arsenic to >1000ppm and antimony to 346 ppm are typical to the coincident precious metals and pathfinder elements of the regional orogenic mineralizing systems", said Greg Davison, Silver Spruce VP Exploration and Director. "Structural geological mapping on the ground and desktop analysis of the property geophysics reported an E-W trending topographic and magnetic lineament associated with steeply south-dipping quartz veins, brecciation and carbonate alteration exposed along the banks of Tote Brook. Mineral textures of vuggy quartz and laminated chalcedony point to high-level epizonal veins though more evaluation of the spatial position within the system is clearly warranted."

"We are pleased to announce that an initial 4-hole drilling plan was developed to target the downdip projection of the surface vein exposures at Tote Brook (Figures 4 and 5). Further work to isolate and orient the bedrock source and define Au-bearing drill targets in the southern Marilyn claim also will be a focus of the follow-up field program," added Mr. Davison. "The drill permit application was submitted to the Mineral Lands Division of the Department of Industry, Energy and Technology (IET). Diamond drilling is scheduled to follow immediately upon receipt of all requisite IET and MOT permits."