SILVER SPRUCE AMENDS EARN-IN AGREEMENT AND ACQUIRES 100% INTEREST IN MELCHETT LAKE ZN-AG- CU-AU VOLCANOGENIC MASSIVE SULPHIDE PROJECT, NAKINA, ONTARIO
February 15, 2024
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February 15, 2024 - Bedford, NS - (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") is pleased to announce that it acquired a 100% interest in the 112-square kilometre (11,236 ha) Melchett Lake project (“Melchett” or the “Property”) in accordance with the Option and Purchase Agreement among the Company and three third party vendors (the “Vendors”) dated November 20, 2019 (the “Original Agreement”), as amended. Melchett covers a total of 485 claims in one contiguous property (Figure 1).

"We are very excited to consolidate ownership of a large claim package with numerous areas of known, though underexplored, polymetallic mineralization. The Company negotiated significant favourable revisions to the terms of the Original Agreement and completed the 100% earn-in subject to a 2% Net Smelter Royalty (“NSR”)with industry-standard buyout options,” said Greg Davison, Silver Spruce Vice-President Exploration and Director. see & read more on
https://silverspruceresources.com/news/news-releases/silver-spruce-amends-earn-in-agreement-and-acquires-100-interest-in-melchett-lake-zn-ag-cu-au-volcanogenic-massive-sulphide/