Announcement Date: 2022-12-13
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Sparton Resources Inc.
Project name: Bruell
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 1.70m at 7.46ppm Au, from 189.70m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, Dec. 13, 2022 — Sparton Resources Inc. (the “Company”) (“SRI”-TSX-V) is pleased to report summary results from the Eldorado Gold Corporation drill program, completed at the Company’s Bruell property east of Val d’Or Quebec. On October 26, 2022, Sparton reported that it has completed the earn-in and exercised its option to acquire 100% of the 51 claim Bruell Property in Vauquelin Township, Quebec (the “Bruell Property”) from the underlying vendors. Please see Company news release dated October 26, 2022, for details. It was also announced at that time that Eldorado had requested, and Sparton had agreed to a one-year extension on the Eldorado Option Agreement. In consideration for the extension, Eldorado has agreed to carry out a minimum of 4,000 meters of additional drilling as a new option commitment. The additional drilling will test several geochemical (till) anomalies, as well as follow-up holes on positive results from the recently completed 2022 drilling program, and test other areas of the property.
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