Silver Spruce Resources (TSXV:SSE) has launched its campaign on the Investing News Network’s resource channel.
Silver Spruce Resources is a junior Canadian exploration company working to develop the Pino de Plata silver-base metal-gold project in Chihuahua, Mexico. The company’s property lies approximately 15 kilometers southwest of Coeur Mining’s (NYSE:CDE) Palmarejo mine, which produced over seven million ounces of silver and 120,000 ounces of gold in 2017. Coeur Mining also owns the surrounding land in the Sierra Madre gold-silver belt.
Silver Spruce is currently targeting three types of mineralization at the property, all of which are similar to productive mines in the Sierra Madre region. Based on these mineralization patterns, Silver Spruce has identified four targets that are highly-prospective for silver: Terrero, Santa Elena-Gossan, Theodora and Sierpe. The company has begun sampling at the 20,000-square-meter Terrero target, where it returned grades between 31.25 g/t silver to 557 g/t silver. Silver Spruce also recovered a pair of samples from its Santa Elena-Gossan target which graded 0.21 g/t gold, 270 g/t silver, 840 ppm copper, 0.7 percent lead and 2.5 percent zinc. The company has recovered values of up to 553 g/t silver at its Theodora target, with grab samples recovered at Sierpe returning 268 g/t silver, five percent lead and seven percent zinc.
Silver Spruce’s company highlights include the following:
- Operates in the prolific Sierra Madre gold-silver belt.
- Fifteen kilometers southwest of Coeur’s Palmarejo mine.
- Property surrounded by Coeur-controlled land.
- The property hosts three types of mineralization found at large silver mines in the Sierra Madre.
- Four highly-prospective silver targets: Terrero, Santa Elena-Gossan and the Sierpe and Theodora veins.
- Maiden drill program planned.
- Management and insiders notably hold 29 percent of shares.