Time filter

Source Type

News Article | May 15, 2017
Site: www.marketwired.com

BRIDGEWATER, NOVA SCOTIA--(Marketwired - May 15, 2017) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce the appointment of Greg Davison, MSc, PGeo to its Board of Directors. Mr. Davison is a professional consulting exploration geologist, project manager and ore mineralogist with thirty-nine years of practical field, commercial laboratory and management experience in diverse geological settings. Mr. Davison has expertise in ore geology, process mineralogy, property evaluation, bulk sampling and pilot process operations. He has contributed to the development of exploration properties, ore deposits and mines in Canada, United States, Mexico, Greenland, Russia, Central and South America, Africa, Middle East, Asia and Australia. Greg works with Teck Metals' research team on VMS Cu-Zn-Pb-Ag-Au (San Nicolás), porphyry Cu and Cu-Mo (Highland Valley, Quebrada Blanca), rift intrusion Ni-Cu-PGE (Mesaba) and stratabound Pb-Zn (Red Dog) deposits. As VP Exploration, he led Tribute Minerals' programs in Ontario, the first junior company to utilize Titan-24 geophysics to guide VMS targeting, successfully drilling the Garnet Lake Zn-Cu deposit. As a project geologist, he conducted exploration of Archean VMS targets in the English River metamorphic terrane. He has performed ore mineralogy studies on VMS deposits in Mexico, Bolivia, Alaska, Canada and Iran. Mr. Davison has completed independent 43-101 reports for VMS, intrusive-related gold, Dawson orogenic gold, Keno Hill Ag-Pb-Zn, epithermal gold and diamond kimberlite projects, and technical and assessment reports for junior to major public companies, SGS Lakefield Research and Watts Griffis McOuat, among others. Greg graduated with an MSc in Geological Sciences from Brock University and an Honours BSc in Geology from Dalhousie University, and is a professional geologist (P.Geo.) licensed with the Association of Professional Geoscientists of Ontario and the Association of Professional Engineers & Geoscientists of British Columbia. "Silver Spruce Resources is honored to have Greg join our Board. I have known him for many years and find his experience, judgement and ethics to be of the highest order. He will bring expertise in VMS deposits and project management to assist the Company's growth as we advance our Kay Mine VMS project in Arizona and our Pino de Plata epithermal silver project in Mexico," said President Karl Boltz - President & CEO. Silver Spruce Resources Inc. is a well-positioned Canadian junior exploration company pursuing development of the Kay Mine volcanogenic massive sulfide project in Arizona, USA, and the Pino De Plata and the Encino De Oro epithermal silver/ base metal/ gold projects, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.


Leybourne M.I.,Institute of Geological & Nuclear Sciences | Cameron E.M.,Spruce Inc.
Geochemistry: Exploration, Environment, Analysis | Year: 2010

Groundwater is an important medium for geochemical exploration of many different styles of mineralization, including porphyry copper, volcanogenic massive sulphide (VMS), sandstone uranium, and gold. Groundwater recharges to depth, resulting in greater likelihood of interacting with buried mineralization compared to surface geochemical methods, and thus providing a three-dimensional perspective. Advances in the understanding of ore formation processes, water-rock interaction and element transport/attenuation in the secondary environment are enhancing the efficacy of groundwater geochemical exploration. This paper describes key techniques and methodologies for sampling, analysis and interpretation of groundwater geochemical data, and provides two different approaches for use by industry: routine exploration and research approaches. New advances in analytical methods are providing new isotopic systems and improving the cost and speed of traditional isotopic techniques, which can greatly aid in interpretation of water sources, water-rock reactions and fingerprinting of ore sources. Case studies are presented for the use of groundwater geochemistry around a porphyry copper deposit in the hyperarid Atacama Desert of Chile, and VMS mineralization in a mature mining camp in Canada. This paper also summarizes key elemental associations for successful utilization of aqueous geochemistry in mineral exploration. The most successful aqueous-phase indicators of mineralization are those that are associated with the ore and are mobile in solution. © 2010 AAG/Geological Society of London.


Elvebak L.E.,Spruce Inc.
Bioanalysis | Year: 2011

The final product of analytical laboratories performing US FDA-regulated (or GLP) method validation and bioanalysis studies is the final report. Although there are commercial-off-the-shelf (COTS) software/instrument systems available to laboratory managers to automate and manage almost every aspect of the instrumental and sample-handling processes of GLP studies, there are few software systems available to fully manage the GLP final report preparation process. This lack of appropriate COTS tools results in the implementation of rather Byzantine and manual processes to cobble together all the information needed to generate a GLP final report. The manual nature of these processes results in the need for several iterative quality control and quality assurance events to ensure data accuracy and report formatting. The industry is in need of a COTS solution that gives laboratory managers and study directors the ability to manage as many portions as possible of the GLP final report writing process and the ability to generate a GLP final report with the click of a button. This article describes the COTS software features needed to give laboratory managers and study directors such a solution. © 2011 Future Science Ltd.


Banks D.,Spruce Inc.
Journal of Wind Engineering and Industrial Aerodynamics | Year: 2013

Uplift wind loads on tilted flat PV panels mounted on the roofs of wide, rectangular, low-rise flat-roofed building were measured in an atmospheric boundary layer wind tunnel. The results indicate that for panels aligned with the building axes, the bubble separation that occurs for winds normal to a building face does not significantly increase these loads. Conversely, wind loads associated with the corner vortices are significantly higher than in the absence of the vortex. The direction of panel tilt relative to the vortex swirl, the position of the panel relative to the vortex reattachment, and the proximity of the panel to the vortex-originating corner together control the peak uplift. It is through changes to the vortices that the parapets affect wind loads. Vortex-related winds loads so dominate the uplift patterns on the roof that they need to be the primary consideration in any method designed to calculate these loads. This includes both experiments designed to study wind loads on this kind of PV racking system, and any calculation methods currently being codified in standards around the world. © 2013 Elsevier Ltd.


Cochran L.,Spruce Inc. | Derickson R.,The Innovation Group
Journal of Wind Engineering and Industrial Aerodynamics | Year: 2011

A Panel Discussion was held at CWE2010 to promote a conversation on the topic of how Computational Wind Engineering (CWE) can become a commonplace tool in the various subdisciplines of wind engineering (structural loading, dispersion, sediment transport, ventilation and wind power) to complement, and eventually replace, physical modeling. Where may CWE be confidently used currently? What further development and validation, as opposed to calibration, of CWE is needed to result in its viable future? The authors have seen the slow merging of computational and physical modeling in recent years in hybrid practical applications. Physical modeling went through some decades of validation, focusing on full-scale pressures, loads and top-floor accelerations, to gain increased confidence in the small-scale modeling of buildings and structures in a boundary-layer wind tunnel. Such studies in the wind tunnel have their well-known and quantified discrepancies, but at least the practitioners know what is reasonably doable and what is not (some good examples may be found in Surry Ho and Kopp, 2003). Perhaps it is time for CWE to move down a similar path, using the experience of the physical modelers as a guide in its evolution. As with any advancement in technology, the economics and analytical rigor of CWE are what will determine its ultimate success. © 2011 Elsevier Ltd.


Trademark
Spruce Inc. | Date: 2016-02-12

Software for use on computers and mobile devices by solar energy, energy efficiency and management professionals such as distributors, retailers, builders, installers and sales professional to manage their businesses in the areas of analyzing, quoting, financing and installing alternative energy systems, energy efficiency improvements, home improvements, water efficient landscaping and home maintenance; computer software for use in customer relationship management (CRM) in the field of alternative energy systems, energy efficiency improvements, home improvements and water efficient landscaping and home maintenance and energy efficiency; computer e-commerce software to allow users to perform electronic business transactions via a global computer network; downloadable webinars in the fields of financing, leasing, design and installation of consumer premises energy-related equipment, home improvement, water efficient landscaping and home maintenance; apparatus for converting electronic radiation to electrical energy, namely, photovoltaic solar hybrid modules; electronic sensors for measuring solar radiation; photovoltaic cells also including a solar thermal collector sold as a unit; electronic devices for energy production and energy use monitoring, control, and automation; computer software for financing clean energy production and energy savings and management systems and for analyzing, quoting, and managing such systems in residential homes, commercial properties, and consumer premises; computer software for use in business management and by installers and sales professionals in the fields of solar energy, energy efficiency improvements, home improvements, water efficient landscaping and home maintenance; computer software for sales management; electronic devices, namely, energy submeters for tracking and monitoring energy usage; electronic apparatus, firmware, and software, all for use in accessing weather information, and in monitoring and controlling irrigation systems; electronic apparatus, firmware, and software, all for use in providing security and monitoring services; electronic apparatus, firmware, and software, all for use in in monitoring and controlling clean energy production systems and energy usage. Solar collectors; solar energy receivers; heating systems for residential and commercial buildings comprised of boilers, valves, pipes, manifolds, solar panels, control panel, switches and electrical wire, all sold as a unit; solar light fixtures, namely, indoor and outdoor solar powered lighting units and fixtures; solar-powered cooling units; photovoltaic solar modules for production of electricity; solar panels for production of electricity; energy storage plants. Installation referral services in the field of clean solar power and other resource efficient or effective equipment; referral services for installers of solar and renewable energy equipment for homes, commercial properties, and consumer premises; business risk management consultation in the field of energy production, energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things; outsourcing services in the nature of arranging service contracts for others in the field of clean energy production systems, energy storage, energy efficiency and conservation equipment in residential homes, commercial properties, and consumer premises; billing services in the field of clean power systems in residential homes, commercial properties, and consumer premises; providing information in the field of time management for business purposes; value engineering, namely, cost analysis in the nature of cost estimation services for clean power products and systems; consultation and information in the field of energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things. Financing services, namely, providing financing and financial loan consultation in the fields of solar energy, renewable energy sources, energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things devices and service; cost estimation services for clean energy production products and systems, energy efficiency equipment and conservation equipment; financing services in the field of alternative energy systems, energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things; providing a website featuring educational information in the field of financing of solar and renewable energy sources, energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things; financing of power equipment for homes, commercial properties, and consumer premises; financial risk management consultation in the field of energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things; financial investment services, namely, administering the issuance, underwriting and distribution of securities; financial asset management in the field of energy storage, energy efficiency and conservation equipment, related home improvements and other home improvements, renewable resources, water, solar, and internet of things; providing financing or arranging for third-party financing for customers as an incentive to promote energy efficiency projects and the purchase of energy-efficient equipment and appliances to increase energy efficiency and save natural resources. Installation and maintenance of solar energy based power plants; installation and maintenance of solar thermal installations; repair and installation of solar energy systems and alternative energy products for residential and commercial use; home energy assessment services for the purpose of determining home improvements needed to improve energy use and efficiency; consultation in the fields of construction, repair, maintenance and installation, rendering technical aid and assistance with home improvement projects, and retail home improvement stores; installation and maintenance of solar thermal installations; consultation in the fields of construction, repair, maintenance and installation of solar thermal installations, solar energy systems, alternative energy systems, and home improvements. Providing remote Internet access for the purpose of reporting, control, and third-party management of electrical power consumption, smart devices, connected appliances and systems. Leasing of solar and renewable energy equipment and power equipment for converting renewable resources into power; leasing of energy storage, energy efficiency and conservation equipment. Education services, namely, providing non-downloadable webinars in the fields of financing, design and installation of clean power consumer premises equipment; organizing and conducting seminars, workshops and events in the fields of financing, design and installation of clean power consumer premises equipment; education services, namely, providing non-downloadable webinars in the fields of financing, design, and installation of clean power consumer premises equipment. Application service provider featuring software for use by solar and renewable energy and energy efficiency and conservation systems professionals such as builders and installers to manage their businesses in the areas of analyzing, quoting, and financing of alternative energy systems and energy efficiency and conservation systems; application service provider, namely, providing temporary use of on-line non-downloadable computer software for use in customer relationship management (CRM) in the field of alternative energy systems and energy efficiency and conservation systems; application service provider featuring software for order fulfillment; technical support services, namely, troubleshooting of computer software problems; technical support services, namely, 24/7 monitoring of network systems, servers and web and database applications and notification of related events and alerts; application service provider featuring application programming interface (API) software; computer services, namely, providing an internet site featuring technology for use in energy production and energy use monitoring, control, and automation systems; computer services, namely, providing an internet site featuring technology that allows users to remotely interact with environmental monitoring, control, and automation systems; platform as a service (PAAS) featuring computer software platforms for use with environmental monitoring, control, and automation systems; software as a service (SAAS) services featuring computer software for use with environmental monitoring, control, and automation systems; research in the field of solar and renewable energy and energy efficiency and conservation, namely, providing comprehensive research data and analysis in the field of solar and renewable energy sources and energy efficiency and conservation. application service provider (ASP) featuring software for use in geo-visualization by solar professionals; technical support services, namely, troubleshooting of computer software problems; consulting services in the fields of energy measurement to improve energy efficiency; product research and development; product testing; providing information and consultation in the field of product testing, and providing reports on product testing results; innovation consulting services, namely, advising others in the areas of product development; new product design services; product design and development in the field of consumer goods; product development; product development for others; product development in the field of consumer goods; interior decorating consultation; rendering technical aid and assistance with home improvement projects, and retail home improvement stores; computer services, namely, application service provider, namely, hosting, managing, developing, and maintaining non-downloadable software applications, and websites in the field of solar and renewable energy and energy efficiency and conservation, electrical power consumption and smart device operation; providing temporary use of online non-downloadable software applications that allow users to access, collect, view, report, and remotely manage resource consumption, water consumption, gas consumption, electrical power consumption and smart device performance; database design and development; providing an online computer database in the field of website hosting and design; developing customized software for others, namely, the design, development, implementation, and management of internet of things software and service platforms for connectivity and the productization of smart devices, electronic components, appliances, and electronic systems; software as a service (SAAS) services, namely, hosting software for use by others in the accessing, reporting, and management of energy and water use and consumption in homes, offices and other physical locations. Providing information about drought tolerant landscape design and installation; home improvement center service; water and energy efficient landscape gardening design for others. Permitting, namely, obtaining environmental, design, zoning and other governmental permits for solar energy based power plants.


News Article | December 22, 2016
Site: www.businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Spruce Finance™, a provider of consumer financing for residential solar and home efficiency improvements, has closed a $105.4MM round of debt financing with Investec and Silicon Valley Bank (SVB) as the lead arrangers. The syndicated loan is financed against a Spruce portfolio of residential solar systems. Spruce will use the proceeds to finance additional systems in states around the U.S. “This is a follow-on deal to the $120MM facility that Investec led for us last May,” said Darren Thompson, Chief Financial Officer at Spruce. “We’re pleased to be working with them again and with SVB on a second transaction that has allowed us to raise capital on attractive terms.” Michael Pantelogianis and Ralph Cho, co-heads of Investec’s North America Power & Infrastructure Finance Group, said, “As the residential solar financing markets evolve, the syndicated loan market has established itself as the ‘go-to’ market option for quality sponsors such as Spruce.” “We’re excited to provide this financing alongside Investec to Spruce as it aims to scale residential solar and home efficiency improvements,” said Bret Turner, Managing Director of the Energy and Resource Innovation Practice at Silicon Valley Bank. “Spruce is a longstanding client of SVB’s and we look forward to supporting its continued success.” “This deal demonstrates strong interest from the capital markets in both Spruce’s business and the industry in general, and we look forward to continued growth in 2017 and beyond,” said Thompson. Spruce Finance™ provides homeowners with multiple ways to finance residential solar systems and home efficiency improvements. This empowers people to improve their homes and communities and helps them reduce their utility bills. We make our finance products available on a single software platform and sell them through a national network of verified channel partners. Our platform simplifies the sales experience for our channel partners and helps them sustainably grow their businesses. A private company headquartered in San Francisco, we are a licensed lender in all 50 states and Washington, DC. We have raised more than $2B and currently serve more than 64,000 homeowners. To learn more about the company, visit www.sprucefinance.com.


News Article | December 1, 2016
Site: www.marketwired.com

BRIDGEWATER, NOVA SCOTIA--(Marketwired - Dec. 1, 2016) - Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) ("Silver Spruce" or the "Company") is pleased to announce that it has signed a binding and exclusive Letter of Intent to purchase and explore a submittal prospect near Chinipas, in far western Chihuahua State, of over 300 hectares, where field crews sampled 8.42 grams per tonne (g/t) Gold (Au), 8.04 g/t Au and 3.95 g/t Au in chip channel samples from mineralized outcrop in late September. The Company will purchase the concession and will continue to investigate the potential of the surrounding ground for opportunities to stake additional ground that will be included in the "Encino De Oro" ("Golden Oak") project land position, if lying within 2 kilometres of the existing claim boundaries. The terms of the purchase agreement are as follows: A Deposit of 10,000 (U$500) pesos was made upon signing of the LOI Year One - U$5,000 payment, less the initial deposit, once the formal Mexico contract is finalized The owner will keep a 3% (three per cent) Gross Production Royalty (GPR) on the claim and any additional claim(s) staked by the Company within the two kilometre area of interest. The Company retains the right to purchase the GPR for U$1 million for each per cent. The Company agrees to maintain the claim in good standing until the purchase payments are completed. The Company also preserves the unilateral right to return the project to the owner, with no additional responsibilities, if the project does not continue to deliver positive results. "It is remarkable to find a property with high values of gold in outcrop, within short walking distance from a well travelled road, that has no workings or evidence of prior exploration activities," declared Mr. Leonard J. Karr, professional geologist and a third party Qualified Person for Silver Spruce. "The low cost of entry and the good gold grades in outcrop make this a very reasonable acquisition with considerable upside potential," stated Karl J. Boltz, President and CEO. "We can devote the majority of funding to exploration work and look forward to additional assays before Christmas and to mobilizing field crews in January." The geology consists of upper sequence rhyolitic tuffs that are deposited directly on Mesozoic limestones and calcareous shales. The lower sequence andesite appears to have been mostly removed by erosion and only thin remnants remain. An initial property examination in late September 2016 confirmed that an outcrop of strongly silicified rhyolite tuff contains gold grades ranging from 3.95 g/t to > 8 g/t in three samples over 3 m in width. Leonard Karr examined this outcrop on November 17, 2016 and based on strength of silicification, quartz veining and iron oxides after pyrite found the values credible. This immediately elevated the Company's confidence in the vendor's statements concerning other multigram gold assays in the area, and Silver Spruce immediately began a reconnaissance mapping and sampling program on the property. Eleven samples were taken in the first preliminary visit to the prospect in late September, and an additional 35 samples were taken during late November, with assays pending. The Municipality of Chinipas has a rich history in the processing of ores from the adjacent Palmarejo Municipality and mine area since the early 1800's. In the late 1800's, European engineers came to Chinipas to build and improve three mills that were devoted to the processing of ore mined at Palmarejo, just east of Chinipas. A narrow gauge railroad was constructed to haul the ore down from the Palmarejo mine to the Chinipas valley, where it was milled using hydraulic power to run the stamp mills. A twelve inch iron waterline paralleled the railroad to bring water down from the mine area under great pressure, and an aqueduct was built from Agua Caliente to Chinipas, over 30 kilometres, to bring additional water to the mills in Chinipas. The focus of mining activity in the Chinipas region has been primarily concentrated on the processing of ore, although some exploration and production from mines in the municipality has occurred. The region is has seen comparatively less modern exploration activities, as compared with other Mexico mining districts, although it is well mineralized. Silver Spruce recognized the potential of the region and has initiated a regional reconnaissance program to investigate the potential of numerous mineralized workings and submittals from local residents and miners. The Encino De Oro project is now the second project for the Company in the Chinipas region with the potential for a significant precious metals discovery. The Company is pleased to inform shareholders that it has formalized the Mexico purchase contract and executed a modified purchase contract on the Pino De Plata project whereby the owners have agreed that all property payments to the owners will be delayed until the Company can access the project to finish building the drill roads and pads, in preparation for drilling. The Company anticipates receiving these approvals in due course. Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines, is the author of the Company's NI 43-101 report on the Pino de Plata project, dated 7 July 2015, and is responsible for the technical content of this press release. Silver Spruce Resources Inc. is a well-positioned Canadian junior exploration company pursuing development of the Pino De Plata epithermal silver/ base metal/ gold project located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The company has recently completed an exploration assessment on the property. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.


News Article | November 24, 2016
Site: www.marketwired.com

BRIDGEWATER, NOVA SCOTIA--(Marketwired - Nov. 24, 2016) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce that its Board of Directors has approved the appointment of Karl J. Boltz as President and Chief Executive Officer of the Company. Mr. Boltz has also been appointed by the Board to serve as a Director of Silver Spruce. "On behalf of fellow Board members, I congratulate Karl on his new leadership role as President and CEO and welcome him to the Board of Directors of Silver Spruce Resources Inc.," stated Chairman, Dr. Brian Penney. "I would also like to thank Mr. Stephan Jedynak for his leadership during the restructuring and turnaround process that has helped to position the Company to pursue opportunities that can enhance value for our shareholders." Mr. Boltz was the co-founding President, CEO and Director of EXMIN Resources Inc. (since merged with Sierra Metals). Fluent in Spanish, Mr. Boltz has worked for and with numerous public and private mining companies in Mexico, in various management capacities. He has over fifteen years leading and managing mining project activities with the most recent ten years concentrating on public company creation, project acquisition, funding, market development and administrative management. Mr. Boltz has provided services to the Company as the General Manager of Mexico Operations, since June 2015. Silver Spruce Resources Inc. is a well-positioned Canadian junior exploration company pursuing development of the Pino de Plata epithermal silver/base metal/gold project located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico. The company has recently completed an exploration assessment on the property and is preparing for its maiden drill program. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.


BRIDGEWATER, NOVA SCOTIA--(Marketwired - Dec. 19, 2016) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to provide the latest results from its ongoing reconnaissance and sampling program at its recently acquired Encino De Oro project near Chinipas, Chihuahua, in Mexico. The field crew was led by Leonard J. Karr, CPG, and a third party Qualified Person for Silver Spruce. To date, a total of 42 chip channel and grab samples have been taken from outcrop, subcrop and float over an area of 3 square kilometres at the Encino De Oro project. Assays of these samples range from a less than detectable to as much as 8 grams per tonne ("g/t") gold (Au), and 77 g/t silver (Ag), with anomalous values of copper (Cu), lead (Pb), zinc (Zn), arsenic (As) and antimony (Sb). The Encino De Oro project contains vein, stockwork and disseminated hosted epithermal gold-silver targets within the upper and lower volcanic sequences. An initial property examination in October 2016 confirmed that an outcrop of strongly silicified rhyolite tuff contains gold grades of 8 g/t and greater than 5 g/t in two samples covering over 3 m in width. The Company's field reconnaissance team led by Leonard Karr examined this outcrop in November 2016. This reconnaissance showed mineralization and argillic alteration to be widespread, covering about 3 km2, and being open on all sides. About 90% of the exposed section consists of rhyolitic tuffs that are weakly to moderately argilllized and locally contain quartz stockwork. Rarely weakly to moderately silicified zones were encountered. Additionally, local anomalies in Ag, As, Cu, Pb, Zn, and Sb, together are suggestive of a large system that warrants additional work. Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines, is the author of the Company's NI 43-101 report on the Pino de Plata project, dated 7 July 2015, and is responsible for the technical content of this press release. Silver Spruce Resources Inc. is a well-positioned Canadian junior exploration company pursuing development of the Pino De Plata and the Encino De Oro epithermal silver/ base metal/ gold projects located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.

Loading Spruce Inc. collaborators
Loading Spruce Inc. collaborators