- Silver Spruce Resources (TSXV:SSE) has officially received permits and drill mobilization for its Mystery Project in Newfoundland
- The permits were approved by the Mineral Lands Division of the Development of Inudstry, Energy and Technology
- The company also recently signed a contract with Trust Drilling which mobilized their drill rig to the Tote Brook Target this week
- Shares of Silver Spruce Resources are up 33.33 per cent to C$0.02 as of 12:31 pm ET
Silver Spruce Resources (TSXV:SSE) has officially received permits and drill mobilization for the Tote Brook target at its Mystery Project in Newfoundland.
The company stated it received approval for its drill permit from the Mineral Lands Division of the Department of Industry, Energy and Technology, while drilling access was approved by the Ministry of Transport.
Trust Drilling, which will be conducting the work, mobilized its drill rig to the target this week and diamond drilling is expected to begin shortly.
“We met our goal for the summer programs, completing rock and soil sampling, structural mapping and regional till sampling with a primary view to drill target generation in Q4 2023. The company is excited to begin a four-hole, 1,000- to 1,500-metre program to target the downdip projection of the surface vein exposures at Tote Brook and look forward to receiving promising core samples over the next few weeks,” Greg Davison, vice president of exploration at Silver Spruce Resources, said in a statement.
The Tote Brook prospect is 22 kilometres south of the intersection between Bay d’Espoir Highway and the Trans-Canada Highway. Phase 1 drill targeting is focused where structural geological mapping on the ground and desktop analysis of the property geophysics identified a coincident E-W topographic and magnetic lineament in the Badger Group and western contact of the Mount Peyton Intrusion.
Silver Spruce Resources is junior exploration company focused on exploration for precious metals across North America.
Shares of Silver Spruce Resources are up 33.33 per cent to C$0.02 as of 12:31 pm ET.
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