Sparton Resources Inc. Announces 2021 Summer Project Work Programs - Copper Poly Metallic Project Evaluation
2021年5月13日 - 9:00PM
Sparton Resources Inc. (
TSXV.SRI)
("
Sparton" or the "
Company")
announced the beginning of the 2021 field programs in Ontario and
Québec, and detailed evaluation of a new poly metallic project in
Ontario.
BRUELL PROJECT FIELD PROGRAM VAL D’OR EAST,
QUEBEC
Eldorado Gold has initiated field work at Bruell
and will continue the comprehensive till / soil survey started in
2020 that will complete coverage of the entire 51 claim property
group. The 2020 program consisted of an orientation survey
comprising 8 samples, and an additional 27 widely spaced samples
were taken generally in the areas south and east from the Avocalon
/ Aurora shaft area and Area A where Sparton discovered several new
gold mineralized zones in its 2018 drill program. (see Sparton News
Release dated May 28, 2018). The 2021 work will provide complete
coverage over the entire claim area. Eldorado will also complete
detailed geological mapping of the property and may begin a drill
program in the fall of 2021. The planned budget for Bruell
expenditures in 2021 is $400,000.
OAKES PROJECT AREA
The Company plans a comprehensive surface
prospecting and trenching program to gain additional information
into the mineralizing system tested in the old shaft area. The
detailed magnetic survey completed over the entire 41 claim area
indicates several major structures that appear to be related to
known mineralization and these will be prospected in detail and old
trenches associated with them will be reopened and sampled.
Prospecting in 2020 located angular boulders of mineralized green
carbonate rock in the southern part of the claim area which yielded
anomalous gold values. Detailed work will take place in this area
as similar material occurs at the west end of open pit previously
mined at the nearby Young Davidson Mine. Any favourable zones
located by this work will be drill tested later this year.
COPPER – POLY METALLIC PROJECT
The Company has executed an exclusive agreement
for one year to do a detailed evaluation of a property hosting an
existing copper deposit contiguous to Sparton’s claim holdings in
the Oakes Project area. Previously, one zone on the
property was reported, effective May 2008, to host a NI 43-101
compliant drill indicated mineral resource containing 5.97 million
tonnes grading 0.34%copper, 0.04% molybdenum, 5.9 grams per tonne
silver and 0.10 grams per tonne gold. This report was prepared
as:
NI 43-101 Technical Report On The “South Zone”, Ryan Lake
Property, Powell Township Ontario” by Buss Services Inc.
This resource is open to expansion at depth and
along strike. Other zones of base metal and gold mineralization are
known on the property which have not been tested in
detail. The Company plans to undertake a comprehensive
technical data review of information available.
CAUTIONARY NOTE
It should be noted that historical results
reported here for the Copper Property might be considered
Historical Estimates under current NI 43-101 nomenclature, the
Company believes the historical data to be reliable and has
reviewed them in detail. More work needs to be done however, to
verify these historical results.
Further, a qualified person under NI 43-101 has
not recently done sufficient work to verify the historical results
with new sampling and analyses. Because most of the original
samples and drill core used for the previous calculations are
however available for re-analysis and testing, these will be used
as part of the evaluation work by the Company.
ABOUT THE COMPANY
Sparton is a mineral exploration company
currently focused on exploring gold projects near producing mines
on or near the major gold producing trends in eastern Ontario and
western Québec where it holds interests in two exploration
prospects. The Bruell Property in Québec, which hosts a new gold
discovery, has been optioned to Eldorado Gold, which owns the
nearby producing Lamaque Mine. Eldorado is planning an
extensive work program during 2021 with possible drilling late in
the year. The Oakes Gold Property and nearby Poly Metallic Copper
Property in Ontario are the current focus of the Company’s
exploration work program and are in close proximity to Alamos
Gold’s producing Young Davidson Mine.
Sparton also holds an interest in VRB Energy
Inc., a leading vanadium battery company that is currently private
and has recently announced a contract for a 1 gigawatt storage
system linked to a major new solar installation in Hubei Province
China.
A. Lee. Barker M.A.Sc., P. Eng., is the
Qualified Person under NI 43-101 responsible for the technical
information in this news release. He has reviewed all available
data for the project discussed here and approved the contents of
this news release.
For more information contact:A. Lee Barker, M.A Sc., P.
Eng.,President and CEOTel./Fax: 647-344-7734 or Mobile:
416-716-5762Email: 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 StatementsInformation 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)
過去 株価チャート
から 11 2024 まで 12 2024
Sparton Resources (TSXV:SRI)
過去 株価チャート
から 12 2023 まで 12 2024