#SilverSpruce Resources Inc. (TSX.V: $SPR) (OTC: $SSEBF) Provides Update on High Grade #PinadePlata Property in #Mexico
Silver Spruce Resources Inc. (SSE.V / SSEBF) provided the following updates at its Pino de Plata Silver project.
The Pino de Plata Silver project is located in the Sierra Madre Occidental of Western Chihuahua state, Mexico, approximately 15 kilometres from Coeur Mining's Palmarejo silver project and approximately 12 kilometres due south of the town of Chinipas, Chihuahua state, Mexico.
Drill Hole Locations
As previously reported in August, Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines, led the field team to successfully pinpoint the proposed drill hole locations and map the new road access for the upcoming drill program at the project.
Drilling Company Selected
Major Drilling de Mexico is the drilling contractor to conduct the 1,000-1,500 metre reverse circulation program. Drilling will commence upon receipt of required approvals.
About Pino de Plata
The 397 hectare Pino de Plata Ag-Pb-Zn-Cu-Au project is located approximately fifteen kilometres from Coeur Mining Inc.'s Palmarejo open pit and underground operations. Although the Pino de Plata project has supported small scale historical production of high-grade mineralization from numerous areas, it had never been systematically explored and has had no drilling.
Ninety-two samples were taken during the NI 43-101 field examination and show the examined project area to host widespread intrusive epithermal mineralization at surface with silver values, on average, of greater than 50 grams per tonne (g/t), that is 1.6 ounces per tonne (opt), over an area of more than 1 square km (greater than 100 Ha). Within the area examined, specific targets were sampled with silver (Ag) assays of up to 557 g/t or 17.9 opt in outcrop.
Three types of mineralization were identified in the maiden NI 43-101 report: disseminated epithermal mineralization in igneous (intrusive) rock, carbonate replacement mineralization in sedimentary limestone/marble and sandstone/hornfels and several areas of significant outcropping vein mineralization. Each of the host areas identified in the 43-101 technical report provide immediate drill targets with open pit potential.
The Company intends to initiate a 1,000 - 1,500 metre reverse circulation drill program to test these defined targets where high grades of mineralization were sampled at surface.
Read this release in full at http://www.investorideas.com/news/2016/mining/11282SPR.asp
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a well-positioned Canadian junior exploration company pursuing development of the Pino de Plata epithermal silver/ base metal/ gold project located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico. The company has recently completed an exploration assessment on the property. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador.
"An investment in knowledge pays the best interest."
Info Source: www.TSXpennystocks.ca
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