Silver Spruce Receives Permits, Signs Drill Contract and Mobilizes to Tote Brook Target in Marilyn Claims at Mystery Au Project, Exploits Gold Belt, Newfoundland and Labrador

BEDFORD, NS / ACCESSWIRE / December 1, 2023 / Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") (TSXV:SSE) is pleased to announce receipt of our permits and drill mobilization for the Tote Brook target at the 602-claim Mystery Au project ("Mystery") (see Figure 1).

"Our drill permit was approved by the Mineral Lands Division of the Department of Industry, Energy and Technology (IET) and access for the drilling was granted by the Ministry of Transport. The Company recently signed a contract with Trust Drilling of Springdale, NL and their rig was mobilized to the Tote Brook target (Figures 1, 2 and 3) this week with diamond drilling scheduled to start immediately upon arrival", said Greg Davison, Silver Spruce VP Exploration and Director. "A second drill target in the southern claim showed elevated Au, As and Sb in exposed quartz and chalcedony veins will follow at the earliest opportunity."

Foto: Accesswire

Figure 1. Map of the core and southern areas of the Marilyn property regional geological map and sampling locations. Tote Brook target located in E-W trending lineament with quartz and calcite veins and breccias. Geology units with contacts shown from east to west - Mount Peyton intrusion (red), Badger Group (pale brown) and Botwood Group (brown).

"We met our goal for the summer programs completing rock and soil sampling, structural mapping and regional till sampling with a primary view to drill target generation in Q4 2023. The Company is excited to begin a 4-hole, 1,000-1,500metre program to target the downdip projection of the surface vein exposures at Tote Brook and look forward to receiving promising core samples over the next few weeks", added Mr. Davison. "Sawn core will be sampled and sent to Eastern Analytical in Springdale, NL for precious metal assays. Core photographs and interval descriptions will be provided in due course."

Four holes (two scissor sections) directed to the north and south are proposed from the collars TB01 and TB02, respectively, to intersect the down-dip projection of the veins. Trust Drilling will supply a new Duralite Rig(DL1400), moveable with tracks, 5-Ton excavator, Marooka track vehicle and all the necessary supplies associated for NQ core drilling using in-house logistics support (Figures 2 and 3).

Foto: Accesswire

Figure 2. Marilyn property - Trust Drilling rig mobilizing to Tote Brook

The Tote Brook prospect is located 22km south of the intersection between Bay d'Espoir Highway and the Trans-Canada Highway. Phase 1 drill targeting on Tote Creek is focused where structural geological mapping on the ground and desktop analysis of the property geophysics identified a coincident E-W topographic and magnetic lineament in the Badger Group and western contact of the Mount Peyton Intrusion (MPIS) Surface exposures of steeply south-dipping, multi-stage quartz-carbonate veins and breccias with silicification, carbonatization and vuggy to drusy quartz and laminated chalcedonic textures exposed along the banks of Tote Brook.