Silver Spruce Resources (CN: SSE)

Currency in CAD

Last close As at 06/02/2023

CAD0.03

0.01 (50.00%)

Market capitalisation

CAD5m

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.

Latest Insights

Equity Analyst

Lord Ashbourne

Lord Ashbourne

Director, Energy & Resources

Key Management

  • Greg Davison

    PGeo VP Exploration

  • Mike Kinley

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 66.7 66.7 (37.5)
Relative 57.8 54.5 (37.5)
52 week high/low C$0.0/C$0.0

Financials

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.

Research

Thematics

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