- Silver Spruce Resources (TSXV:SSE) has announced it has begun its 2024 drilling program with its partner Colibri Resources at the Diamante project in Mexico
- The companies are following up with target drilling initiated at the El Pillado polymetallic target for its second drill program
- The 1,050-metre 10-hole drill program will test new priority target areas
- Shares of Silver Spruce are up 33.33 per cent to C$0.02 as of 9:30 am ET
Silver Spruce Resources (TSXV:SSE) has revealed it has begun its 2024 drilling program with its partner Colibri Resources at the Diamante project in Mexico.
In a news release, the Bedford, Nova Scotia-based company stated the purpose is to follow up with target drilling initiated at the El Pillado polymetallic target for its second drill program.
Additionally, the 1,050-metre, 10-hole drill program will test new priority areas and build on results from the 2022 and 2023 exploration programs.
“The companies’ exploration team and contractors are proceeding with their follow-up target drilling initiated on El Pillado on the Diamante 1 concession and additional drill holes planned southeast of El Pillado and at La Prieta, both on Diamante 1 and three holes at Mezquite Raizudo in the northern section of Diamante 2,” Greg Davison, vice president of exploration at Silver Spruce Resources, said in a statement. “Trails and drill pads were prepared prior to and after the drill team arriving on site.”
The Diamante gold-silver project is roughly eight kilometres northwest of Tepoca and 160 kilometres southeast of Hermosillo, Mexico.
The project has a strong precious metal tenor with a polymetallic endowment, multiple quality targets, styles of mineralization, limited artisanal mining and small-scale production.
The company can acquire up to 50 per cent in the Diamante concessions with a cumulative land position of 1,057 hectares. The project includes the Diamante 1 and Diamante 2 concessions next to the Jackie property, which covers 1,113 hectares, giving Silver Spruce Resources a total of 2,170 hectares of exploration ground.
Silver Spruce Resources holds a 100 per cent interest in the Melchette project in northern Ontario and has signed definitive agreements to acquire 100 per cent interest in the Mystery project in Newfoundland.
Shares of Silver Spruce Inc. (TSXV:SSE) are up 33.33 per cent to C$0.02 as of 9:30 am ET.
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