Silver Spruce Acquires 100% of Jackie Gold-Silver Project, Realigns Sonora Exploration Property Portfolio in Mexico
Silver Spruce Resources Inc. (SSEBF) has announced two strategic portfolio changes in Sonora, Mexico. The company has acquired the remaining 50% interest in the Jackie Au-Ag Project from Colibri Resource Corporation for $25,000 in common shares and a 1% NSR royalty, achieving 100% ownership. Additionally, Silver Spruce has exited the Diamante Project by transferring its 25% interest to Colibri.
The Jackie Project, spanning 1,130 hectares, has shown promising exploration results with rock chip samples grading up to 9.65 g/t Au and 514 g/t Ag. The company plans to conduct additional fieldwork, including a 500-1,000-metre trenching program and a 1,000-2,000-metre reverse circulation drill program. The property is strategically located near operations of major mining companies including Alamos Gold, Agnico Eagle, and Newmont.
Silver Spruce Resources Inc. (SSEBF) ha annunciato due modifiche strategiche al suo portafoglio in Sonora, Messico. La società ha acquisito il restante 50% di partecipazione nel Jackie Au-Ag Project da Colibri Resource Corporation per 25.000 dollari in azioni ordinarie e una royalty NSR dell'1%, ottenendo così la proprietà totale al 100%. Inoltre, Silver Spruce ha ceduto la sua partecipazione del 25% nel progetto Diamante a Colibri.
Il progetto Jackie, che copre 1.130 ettari, ha mostrato risultati esplorativi promettenti con campioni di roccia che raggiungono concentrazioni fino a 9,65 g/t Au e 514 g/t Ag. La società prevede ulteriori lavori sul campo, tra cui un programma di scavi a trincea di 500-1.000 metri e un programma di perforazione a circolazione inversa di 1.000-2.000 metri. La proprietà è strategicamente situata vicino alle operazioni di importanti compagnie minerarie come Alamos Gold, Agnico Eagle e Newmont.
Silver Spruce Resources Inc. (SSEBF) ha anunciado dos cambios estratégicos en su cartera en Sonora, México. La empresa ha adquirido el 50% restante del Proyecto Jackie Au-Ag de Colibri Resource Corporation por $25,000 en acciones comunes y una regalía NSR del 1%, logrando así la propiedad total del 100%. Además, Silver Spruce ha salido del Proyecto Diamante transfiriendo su participación del 25% a Colibri.
El Proyecto Jackie, que abarca 1,130 hectáreas, ha mostrado resultados prometedores en la exploración con muestras de roca que alcanzan hasta 9.65 g/t Au y 514 g/t Ag. La empresa planea realizar trabajo de campo adicional, incluyendo un programa de trincheras de 500-1,000 metros y un programa de perforación con circulación inversa de 1,000-2,000 metros. La propiedad está estratégicamente ubicada cerca de las operaciones de grandes compañías mineras como Alamos Gold, Agnico Eagle y Newmont.
Silver Spruce Resources Inc. (SSEBF)는 멕시코 소노라에서 두 가지 전략적 포트폴리오 변화를 발표했습니다. 회사는 Colibri Resource Corporation으로부터 Jackie Au-Ag 프로젝트의 남은 50% 지분을 25,000달러 상당의 보통주와 1% NSR 로열티로 인수하여 100% 소유권을 확보했습니다. 또한 Silver Spruce는 다이아만테 프로젝트에서 철수하며 25% 지분을 Colibri에 이전했습니다.
1,130헥타르에 달하는 Jackie 프로젝트는 암석 시료에서 금 9.65g/t 및 은 514g/t까지의 유망한 탐사 결과를 보여주었습니다. 회사는 500~1,000미터 트렌치 프로그램과 1,000~2,000미터 역순환 시추 프로그램을 포함한 추가 현장 작업을 계획하고 있습니다. 이 부동산은 Alamos Gold, Agnico Eagle, Newmont 등 주요 광산 회사들의 운영 지역 근처에 전략적으로 위치해 있습니다.
Silver Spruce Resources Inc. (SSEBF) a annoncé deux changements stratégiques dans son portefeuille à Sonora, Mexique. La société a acquis les 50 % restants du projet Jackie Au-Ag auprès de Colibri Resource Corporation pour 25 000 $ en actions ordinaires et une redevance NSR de 1 %, atteignant ainsi une propriété totale à 100 %. De plus, Silver Spruce s’est retirée du projet Diamante en transférant sa participation de 25 % à Colibri.
Le projet Jackie, qui couvre 1 130 hectares, a montré des résultats d’exploration prometteurs avec des échantillons de roche affichant des teneurs allant jusqu’à 9,65 g/t Au et 514 g/t Ag. La société prévoit de réaliser des travaux de terrain supplémentaires, notamment un programme de tranchées de 500 à 1 000 mètres et un programme de forage par circulation inverse de 1 000 à 2 000 mètres. La propriété est stratégiquement située à proximité des opérations de grandes compagnies minières telles qu’Alamos Gold, Agnico Eagle et Newmont.
Silver Spruce Resources Inc. (SSEBF) hat zwei strategische Portfolioänderungen in Sonora, Mexiko, bekannt gegeben. Das Unternehmen hat die restlichen 50 % am Jackie Au-Ag Projekt von der Colibri Resource Corporation für 25.000 US-Dollar in Stammaktien und eine 1 % NSR-Royalty erworben und somit 100 % Eigentum erreicht. Außerdem hat Silver Spruce das Diamante-Projekt verlassen, indem es seinen 25 % Anteil an Colibri übertragen hat.
Das Jackie-Projekt umfasst 1.130 Hektar und hat vielversprechende Explorationsergebnisse mit Gesteinsproben gezeigt, die bis zu 9,65 g/t Au und 514 g/t Ag aufweisen. Das Unternehmen plant weitere Feldarbeiten, darunter ein Grabenprogramm von 500 bis 1.000 Metern und ein Reverse-Circulation-Bohrprogramm von 1.000 bis 2.000 Metern. Das Grundstück liegt strategisch in der Nähe von Betrieben großer Bergbauunternehmen wie Alamos Gold, Agnico Eagle und Newmont.
- Acquisition of 100% ownership of Jackie Project provides full operational control and flexibility
- Jackie Project shows high-grade surface samples up to 9.65 g/t Au and 514 g/t Ag
- Strategic location near major mining companies in an active mining district
- Exit from Diamante Project cleared CAD $80,000 in outstanding exploration expenditures
- Additional environmental permits required before new exploration work can begin
- Company will need to fund future exploration programs independently
BEDFORD, NS / ACCESS Newswire / May 14, 2025 / (TSXV:SSE) Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") is pleased to announce two significant corporate developments that strategically realign its exploration portfolio in Sonora, Mexico.
The Company has acquired the remaining
50% interest in the Jackie Au-Ag Project joint venture from partner Colibri Resource Corporation ("Colibri") (TSXV:CBI), giving Silver Spruce100% ownership and full control of the property; andSilver Spruce has relinquished its
25% interest in the Diamante Project via its50% holding in Yaque Minerales SA de CV to operating partner Colibri.
The Company's diversified portfolio now includes:
Jackie Au-Ag Project (
100% owned) - Early-stage epithermal project with high-grade surface sampling and strong structural targetsPino de Plata Ag Project (Option to earn
100% ) - High-grade silver property in Chihuahua, with historic artisanal miningMelchett Lake VMS Zn-Ag-Au-Cu Project (
100% owned) - Polymetallic project with historical drilling in the Thunder Bay Mining District of Ontario
These transactions support the Company's strategic focus on high-potential, early-stage assets where it can operate with full flexibility and manage exploration programs according to its technical and corporate objectives. Silver Spruce is committed to responsible exploration and delivering long-term value through technical advancement, project generation, and strategic partnerships.
Full Ownership of Jackie Project Strengthens Strategic Position
The 1,130-hectare Jackie Au-Ag property ("Jackie") is a precious metal project located 8 km west-southwest of the town of Tepoca, and 170 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico. Jackie is situated within the west-central portion of the Sierra Madre Occidental Volcanic Complex of northern Mexico. Mining and exploration in the surrounding area is active with adjacent and nearby properties held by Alamos Gold, Argonaut, Agnico Eagle, Evrim, Newmont, Garibaldi, Kootenay Silver and Penoles among others.
Through this transaction, Silver Spruce now owns
Greg Davison, P.Geo., Director and VP Exploration, stated: "Acquiring full ownership of Jackie provides us with a clean and valuable asset in a proven jurisdiction. We are excited about the early-stage results and look forward to advancing the project through disciplined and focused exploration. With
Past Exploration Highlights at Jackie
Exploration completed during the joint venture identified a robust epithermal system hosted in brecciated volcanic rocks. Highlights include:
Rock chip samples grading up to 9.65 g/t Au and 514 g/t Ag
Widespread gold and silver anomalies over a 500-metre structural trend
Strong alteration patterns, quartz vein and breccia-hosted mineralization, consistent with other nearby producing mines in the region
These results confirm the potential for Jackie to host near-surface precious metal mineralization and warrant additional follow-up work.
Silver Spruce plans to conduct additional fieldwork to refine targets for a maiden drill program, including trenching, ground geophysics and detailed geological mapping and sampling. Exploration plans were submitted for a 500-1,000-metre trenching program followed by an initial 1,000-2,000-metre reverse circulation drill program to evaluate the principal targets located near the centre of the concession. The Company will need to complete an updated Environmental report for submittal to SEMARNAT for the approval and receipt of a new permit.
The proposed scope is designed to provide significant flexibility during the life of an annual operating permit and includes thirteen (13) trench track locations and thirty (36) drill pads. High grades of mineralization, with coincident alteration and geochemical features, are transected by a NW-trending faults (see Press Release of December 29, 2021).
Portfolio Realignment: Exit from Diamante Project
As part of its strategic portfolio review, Silver Spruce has agreed to transfer its
As of May 10, 2025, Colibri and its joint venture partner Silver Spruce increased their joint ownership of the Diamante Project from
Mr. Davison added: "While Diamante remains a quality exploration project for Ag-Pb-Zn±Au vein and other styles of mineralization, our priority is to concentrate on assets where we can act as operator and deploy capital in a more focused manner. This realignment allows us to direct resources toward Jackie and other core assets."
Qualified Person
Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Jackie and Diamante Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), under TSX guidelines.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company holding
Contact:
Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com
info@silverspruceresources.com
www.silverspruceresources.com
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.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE: Silver Spruce Resources, Inc.
View the original press release on ACCESS Newswire
FAQ
What did Silver Spruce (SSEBF) acquire in the Jackie Gold-Silver Project transaction?
What are the key exploration results from the Jackie Gold-Silver Project?
What are Silver Spruce's exploration plans for the Jackie Project?
Why did Silver Spruce exit the Diamante Project in Mexico?
Where is the Jackie Gold-Silver Project located?
