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Silver Spruce Closes Purchase for Royalty-free 100% Interest in Past-Producing Kay Mine VMS project in Arizona, USA
Jul. 20, 2017 08:16AM PST
Silver InvestingSilver Spruce Resources (“Silver Spruce” or the “Company”) (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce it has closed the Purchase Agreement with Cedar Forest LLC (the “Vendor”) for 100%, free of any royalty, of the Kay Mine parcel of 70.84 acres of patented claims near Black Canyon City, Arizona, USA. Brian Penney, Chairman of Silver Spruce …
Silver Spruce Resources (“Silver Spruce” or the “Company”) (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce it has closed the Purchase Agreement with Cedar Forest LLC (the “Vendor”) for 100%, free of any royalty, of the Kay Mine parcel of 70.84 acres of patented claims near Black Canyon City, Arizona, USA.
Brian Penney, Chairman of Silver Spruce Resources, said:
“Silver Spruce is excited to complete our purchase of 100% of the Kay Mine parcel of patented ground, royalty free.
The Company has successfully staked an additional 400 acres of unpatented claims and now controls all of the known areas of mineralization at the project that have been identified over the last 120+ years by companies such as the Kay Copper Company, Exxon Minerals, Rayrock (acquired by Glamis) and American Copper and Nickel (a subsidiary of INCO, now Vale).”