Sparton Resources Inc. Announces Strategic Extension of Bruell Gold Project
2019年10月21日 - 9:30PM
Sparton Resources Inc. (
TSXV.SRI)
("
Sparton" or
the "
Company") announced today that it has
increased the size of Bruell Gold Property in Vauquelin Township,
Quebec, by approximately thirty (30) percent. Fifteen (15)
additional mining claims ( the “New Claims”) have been acquired
from a private prospector ( the “Prospector”) and these
represent an approximate four (4) kilometer easterly
extension of the original 36 claim Bruell claim group which hosts
newly discovered gold mineralization contained in a number of shear
zones and related quartz vein systems located in the east central
part of the original Bruell claim area.
These New Claims will become part of the
original Bruell Option Agreement and subject to its terms and
conditions (see Company News Release dated August 11, 2017). Any
Production Royalties that may become payable related to New Claims
however, will accrue only to the Prospector who has vended the New
Claims into the Bruell Option Agreement.
Acquisition costs to be paid by the Company for
the New Claims include the staking and claim maintenance costs
incurred by the Prospector.
During its 2018-2019 2,000 meter drill program,
Sparton located (in only one area tested) continuous gold
mineralization along a 250 meter strike length and to a vertical
depth of about 125 meters. This work tested the “Vein Zone” area on
the east central part of the claims (See Sparton News Release dated
April 25, 2019). This zone is approximately 1,500 meters west of
the west boundary of the New Claims.
“We are very pleased to include this new claim
group into the Bruell property package,” stated A. Lee Barker,
Company CEO. “Based on a review of assessment filings, very little
detailed exploration work has been done in the area, and given the
strength of the structures hosting the mineralization in the Vein
Zone, we believe it is highly likely that these could extend
eastwards, effectively adding several kilometers of exploration
potential.”
A plan map showing the new claims related to the
original Bruell Claim will be posted on the company website
www.spartonres.ca following this news release.
ACCESS AND INFRASTRUCTURE
All of the (now) 51 Bruell claims in the
property package are accessible from Val d’Or and Senneterre by
paved Highways 117 and 113, and local forestry roads and logging
trails. The Bruell property contains a number of structurally
hosted vein and shear zone type gold occurrences. Two (2) shallow,
vertical shafts, the Bruell 1 and Bruell 2, and one inclined shaft,
the Avocalon/Aurora were excavated on the claims in the 1930s
during past exploration programs.
Three other areas on the claims have also been
selected for future testing in addition to the extensions of the
current Vein Zone mineralized area. Each of these has encouraging
gold values in past drilling and associated geophysical targets
that have not been comprehensively evaluated.
A. L. Barker M.A.Sc., P. Eng., P. Geol. is the
Qualified Person under NI 43-101 for the technical information in
this news release and has reviewed all available data for the
Bruell Property and approved the contents of this news release.
For more information contact: A. Lee Barker, M.A
Sc., P. Eng., P.Geol. President and CEO Tel./Fax:
647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca Website: www.spartonres.ca
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. Forward-Looking Statements Information set forth in
this news release involves forward-looking statements under
applicable securities laws. The forward-looking statements
contained herein include, but are not limited to, financings and
transactions being pursued, and all such forward-looking statements
are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this news
release are made as of the date hereof and the Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation. Although the Company believes that the expectations
represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be
correct and, accordingly, undue reliance should not be put on such
forward-looking statements. This news release does not constitute
an offer to sell or solicitation of an offer to buy any of the
securities described herein. We Seek Safe Harbour
Sparton Resources (TSXV:SRI)
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Sparton Resources (TSXV:SRI)
過去 株価チャート
から 1 2024 まで 1 2025