Silver Spruce Resources Inc. (TSXVSE: SSE) has expanded their footprint in recent months after a phenomenal start to the year that resulted in the stock rallying by more than 100%. Now that the expansion plans are solidified, the stock looks set to continue its reliable performance as its improving underlying fundamentals continue to affirm growth metrics and long-term prospects.
The company’s prospective mining projects provide clear evidence that a positive trend of market sentiments, as well as price action activity, is materializing. A string of surprising good news on the development of flagship projects continues to strengthen the company’s sentiments in the market.
The Pino De Plata Project in Chihuahua Mexico, and the Melchett Lake VMS Project in northern Ontario Canada affirm Silver Spruce Resources in the mining industry. The two prospective projects are at the heart of the company’s core business in the push for shareholders’ value in the mining industry.
Pino De Plata Project
Located in the prolific Sierra Madre Occidental silver-gold region in Mexico, Pino De Plata Project is one of Silver Spruce Resources flagship projects. First mined in the 1600s, the property is believed to contain high silver/base metals.
The Pino de Plata project provides Silver Spruce Resources with exposure to high silver and base metal values, including zinc, copper, and lead mineralization hosted in various veins, breccia and stockworks. A recently concluded exploration assessment yielded many silver values over 200 g/tonne. In some areas of the project, the company sampled over 1 kilo silver which can be viewed here: http://www.silverspruceresources.com/i/pdf/reports-and-tables/Pino-de-Plata-Assays-April-2019.pdf.
Silver Spruce Resources has already identified a systematic exploration program for the project. Currently, it is in the process of identifying potential drill targets.
Melchett Lake VMS Project
Melchett Lake VMS Project is another prospective silver, lead, gold and copper project located in the Thunder Bay Mining District in Ontario, Canada. Situated within an active exploration and mining region, the 1,820-hectare project is within an aggressive exploration and mining region.
Geological surveying and an exploration program have already affirmed the presence of a high economic bearing zinc, lead, silver, gold belt in the area. The project consists of 88 single cell mineral claims with first base metals reported in 1959.
Silver Spruce has signed a letter of intent with three parties to acquire 100% of the Melchett Lake Zn-Au-Aug project. The acquisition will grant it access to advance base metal projects in Northern Ontario, Canada.
Why Invest in Silver Spruce Resources
Silver Spruce Resources is a prospective junior exploration company with tremendous potential. A robust pipeline of high-grade mining projects means the company is on its way to generating significant value as exploration activities have already validated mineralization at the projects.
At the ‘identification of drill targets’ stage with Pino de Plata as well as the acquisition of the Melchett Lake Project, SSE is poised to diversify the company’s mineral deposits allowing investors to gain additional exposure to lead, zinc, silver, and gold mining.
An aggressive management team continues to investigate new opportunities in the mining industry, further affirming the company’s long-term prospects. The acquisition of the Melchett Lake Project as well as the Pino Del Plata project all but underscores the management’s focus on pursuing projects with tremendous potential in the industry.
The stock stabilizing above the $0.05 level, after hitting a $0.03 mark early in the year, indicates strengthened investor confidence amidst the ongoing exploration activities at the two flagship mining projects.
