Silver Spruce

Silver Spruce Resources

CN: SSE

Market CapC$6m

Last Close C$0.03

Silver Spruce Resources is a Canada-based junior exploration company that predominantly explores for gold, silver, copper, zinc and lead across four sites in Canada and Mexico.

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Investment summary

In a frenetic seven months, Silver Spruce has 1) started and completed Phase 1 drilling at El Mezquite, 2) signed exploration agreements with two First Nations at Melchett Lake, 3) completed LiDAR surveys and ASTER and LANDSAT 8 hyperspectral and image analysis over all of its properties in Sonora, 4) discovered and extended a new, high-grade (eg 9.65g/t Au) exploration target at Jackie, and 5) completed due diligence and acquired options to acquire a 100% interest in the 8,750ha Mystery, Till and Marilyn properties in central Newfoundland. Corporately, it has named a new chairman after the passing of Dr Brian Penney and closed a C$1.2m private placement (at a price of 5c per unit) ahead of the traditional Q4 flow-through financing season. Exploration active at Melchett and Mystery.

Content on Silver Spruce Resources
Silver Spruce Resources – Big ambitions
Metals & mining | research QuickView | 25 October 2021
Silver Spruce
Silver Spruce Resources – Multi-asset, multi-commodity exploration
Metals & mining | research QuickView | 18 February 2021
Silver Spruce
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Sector
Metals & mining
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Share price graph
Price performance
%
1m
3m
12m
Actual (25.0) (14.3) (53.9)
Relative* (20.0) (11.4) (56.1)
52-week high/low C$0.1/C$0.0
*% relative to local index
Key management
Mike Kinley CEO
Greg Davison PGeo VP Exploration