Silver Spruce Signs Purchase Agreement for 100% interest in Past-Producing Kay Mine in Arizona, USA

Silver Spruce Resources (“Silver Spruce” or the “Company”) (TSXV:SSE)(FRANKFURT:S6Q) is pleased to announce it has entered a Purchase Agreement with Cedar Forrest, LLC (the “Vendor”) to acquire 100% ownership of 70.84 acres of patented claims covering the past-producing Kay Mine, located in Yavapai county, Arizona, roughly 50 miles north of Phoenix. The Kay Copper Company and others produced Au-Ag-Cu-Pb-Zn ore on the property intermittently from 1916 until 1956. Exploration conducted from 1972 to 1982 by Exxon Minerals Company, a subsidiary of Exxon Petroleum, indicates that substantial additional mineralization exists down dip and potentially along strike from the previously producing mineral deposits.
As quoted in the press release:

“We are excited to have this opportunity to purchase, explore and develop resources at the Kay Mine property, located near Black Canyon City, Arizona, a very mining supportive community. We intend to apply geophysical methods that did not yet exist in the early 1980’s and to drill the Historic Estimate outlined by Exxon,” stated Karl J. Boltz, President and CEO.

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