#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.
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."
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