SILVER SPRUCE RESOURCES
Silver Spruce Resources Inc. is a well positioned Canadian junior exploration company headquartered in Bridgwater Nova Scotia. Originally formed in 1996 to focus on uranium exploration in the central mineral belt of Labrador, the Company enjoyed modest success and still holds assets in Labrador, including property and a Joint Venture agreement providing a 2% NSR on its discovery of 2.3 M lbs indicated and 3.7 M lbs inferred U3O8 resource. In response to continued depressed uranium prices and un... iversal challenges in raising capital for grass roots exploration, Silver Spruce underwent a fundamental restructuring in early 2015. A new President and CEO was appointed and several new additions were made to the Board. These changes were initiated with the belief that these challenging times provide significant opportunity to acquire properties with excellent upside potential at very reasonable prices.Accordingly, the company repositioned to seek properties considered farther along in the exploration cycle. Currently, Silver Spruce is 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 property consists of 397 ha concession containing a number of historic artisanal mine workings dating back to the Spanish Colonial era. The Company has recently completed a maiden 43-101 exploration assessment on the property and based on high silver values in surface samples is pursuing a targeted exploration program which will include geophysics, geochemistry and a drilling program on three identified targets.
SILVER SPRUCE RESOURCES
Industry:
Mineral Mining Mining Technology
Founded:
1996-01-01
Address:
Bridgewater, Nova Scotia, Canada
Country:
Canada
Website Url:
http://www.silverspruceresources.com
Total Employee:
1+
Status:
Active
Contact:
902-527-5700
Email Addresses:
[email protected]
Total Funding:
453 K USD
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