- Sparton Resources (SRI) has announced it is beginning 2021 field programs in Ontario and Québec
- The company is also starting a detailed evaluation of a new polymetallic project in Ontario
- The company plans a comprehensive surface prospecting and trenching program at the Oakes Project Area
- Any favourable zones located by this work will be drill tested later this year
- Sparton Resources is up 13.33 per cent, and trading at $0.085 at 1:44 pm ET
Sparton Resources (SRI) has announced it is beginning 2021 field programs in Ontario and Québec.
The company is also starting a detailed evaluation of a new polymetallic project in Ontario.
The company plans a comprehensive surface prospecting and trenching program at the Oakes Project Area to gain additional information into the mineralizing system tested in the old shaft area. Any favourable zones located by this work will be drill tested later this year.
The company has executed an exclusive agreement for one year to do a detailed evaluation of the Copper – Poly Metallic Project, a property hosting an existing copper deposit contiguous to Sparton’s claim holdings in the Oakes Project area.
Field work is now underway at the Bruell Project in Val D’Or East, Quebec and will continue the comprehensive till-soil survey started in 2020 that will complete coverage of the entire 51 claim property group. The planned budget for Bruell expenditures in 2021 is $400,000.
Sparton is a mineral exploration company currently focused on exploring gold projects near producing mines on or near the major gold producing trends in eastern Ontario and western Québec where it holds interests in two exploration prospects. The Bruell Property in Québec, which hosts a new gold discovery, has been optioned to Eldorado Gold, which owns the nearby producing Lamaque Mine.
Sparton Resources is up 13.33 per cent, and trading at $0.085 at 1:44 pm ET.