TSX Mining News: Silver
Spruce (TSXV: $SSE.V) Reports 8 g/t Gold and 77 g/t Silver at Encino De Oro
Receives Significant Geochemical Results from
Encino De Oro Gold & Silver Project
December 20, 2016 (Investorideas.com Newswire)
Silver Spruce Resources Inc. (TSXV: SSE.V) announced the latest sampling
results from its recently acquired Encino De Oro project near Chinipas,
Chihuahua, Mexico. The field crew was led by Leonard J. Karr, P.Geo, and a
third party qualified person for Silver Spruce.
To date, a total of 42 chip channel and grab
samples have been taken from outcrop, sub crop and float over an area of three
square kilometres at the Encino De Oro project.
Assays of these samples range as high as 8 grams
per tonne gold (Au) and 77 g/t silver (Ag), with anomalous values of copper
(Cu), lead (Pb), zinc (Zn), arsenic (As) and antimony (Sb).
Read this release in full at http://www.investorideas.com/news/2016/mining/12201SSE.asp
Encino De Oro Property
The Encino De Oro project contains vein, stock work
and disseminated hosted epithermal gold-silver targets within the upper and
lower volcanic sequences. An initial property examination in October, 2016,
confirmed that an outcrop of strongly silicified rhyolite tuff contains gold
grades of eight g/t and greater than five g/t in two samples covering over
three metres in width. The company's field reconnaissance team, led by Mr.
Karr, examined this outcrop in November, 2016.
This reconnaissance showed mineralization and
argillic alteration to be widespread, covering about three square kilometres
and being open on all sides. About 90 per cent of the exposed section consists
of rhyolitic tuffs that are weakly to moderately argillized and locally contain
quartz stockwork. Rarely weakly to moderately silicified zones were
encountered.
Additionally, local anomalies in Ag, As, Cu, Pb, Zn
and Sb together are suggestive of a large system that warrants additional work.
Qualified person
Mr. Karr, professional geologist and a qualified
person, under Toronto Stock Exchange guidelines, is the author of the company's
NI 43-101 report on the Pino de Plata project, dated July 7, 2015, and is
responsible for the technical content of this press release.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
David Joseph
604-569-1801
davidjosephmarketing@telus.net
604-569-1801
davidjosephmarketing@telus.net
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