Pino de Plata is an 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 in four concessions containing a number of historic artisanal mine workings dating back to the Spanish Colonial era. The Company has completed a 43-101 exploration assessment on the property in 2015 and based on high silver values in surface channel samples (>500 opt Ag) is pursuing a targeted exploration program which will include geophysics, geochemistry and a drilling program with thirty permitted sites on several discrete target types. Phase 1 drilling was recommended on eight targets were recommended for initial drill testing by twelve holes and include gossans in the Gossan zone, skarn/replacements at Santa Elena, the Terrero mine target, the la Perla, Santa Clara, Theodora and Sierpe veins and their associated alteration, and the newly defined Muro vein.
The Melchett Lake Zn-Au-Ag volcanogenic massive sulphide ("VMS") project is an advanced precious and base metal project in the Thunder Bay Mining District, northern Ontario, Canada. Recent map staking by Silver Spruce has doubled the size of the Property from 2,124 hectares to the current 3,996 hectares and, of principal value to the Company, increased the coverage of the Melchett Lake mineralized horizons to a combined strike length of more than twenty (20) kilometres. The multi-kilometre strike length of the known areas of mineralization, depth potential indicated by the Maxwell modelling, broad intervals of mineralization, intense alteration profile similar to well-known polymetallic deposits, and presence of high grade values of both precious metals and base metals warrant detailed exploration.
The El Mezquite Project is located within the west-central portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the well-known, precious metals-rich Mojave-Sonora Megashear. The Property is situated approximately twelve kilometres northeast of the Nicho deposit currently under mine development by Minera Alamos. The 180-hectare Property is easily accessible from Mexican Highway #16 via a southerly-trending unpaved road which traverses through the centre of the known gold mineralization. Four main zones of alteration on the Property with potential drilling targets have been identified and 43-101 report was completed in 2019. Exploration planning for structural and alteration mapping, sampling and follow-up drilling in 2020 is underway.
The Pope's Hill rare earth element (REE) trend extends along the Trans-Labrador Highway approximately 100 km west from Goose Bay. The Pope's Hill occurrence is a syenite-hosted highly enriched unit where whole-rock geochemical analyses indicate REE contents ranging from 1 to 22 weight percent. The high REE values are found in a massive, dark grey to black, sub-metallic to glassy allanite with another reddish brown mineral identified as Ce-titanite. Silver Spruce is seeking partners to advance the exploration potential.
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