Sparton Resources Inc. ("Sparton" or the "Company") has announced an acceleration of exploration efforts on its two gold and critical metals projects situated in Ontario and Quebec. These projects encompass the Oakes project located in Ontario and the Pense Project spanning northeastern Ontario and western Quebec.
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Bruell Project Quebec
Eldorado Gold Corporation (“Eldorado”) is also actively assessing the project data to implement a decision related to its future involvement at the Bruell gold project, east of Val d’Or, Quebec. This decision is contingent upon an agreement that extends Eldorado's option decision date to April 19, 2024.
Pense Project, Ontario- Canada
All of the priority sites identified by the aerial study contain strong electrical and concurrent magnetic abnormalities, according to recent reconnaissance ground investigations conducted at Pense.
Line cutting of detailed survey grids has commenced, with detailed ground surveys scheduled to begin post-breakup upon completion of line cutting and when ground conditions permit. Horizontal loop survey equipment will be utilized during this phase.
The reconnaissance results show the presence of conductive bodies with relatively short strike lengths and adjacent or coincident magnetic anomalies. These magnetic anomalies are comparable to those observed in the mineralization reported in multiple drill holes from previous work conducted in 1997.
These also resemble the geophysical responses for Finland's world-class Outokumpu-style critical minerals deposits that have been reported in the literature.
About the Pense Property
At Pense, there are several surface displays of sulfide mineralization that dip sharply and are hosted in mafic and ultramafic volcanic rocks (komatiites) as well as intercalated sediments. Two priority areas, supported by past diamond drill hole intersections, have emerged as compelling candidates for further evaluation. These have been determined by the results of the most recent aerial survey and verified on the ground through additional research.
Historical drilling and surface sampling have yielded reports of Copper, Zinc, Gold, Silver, Nickel, and Cobalt. On the Property, a sizable drilling campaign was last conducted in 1997. Over a core length of 9.02 m, one historical drill from 1997 yielded results of 0.893 % copper, 1.30 % zinc, 4.12 k of silver per ton, and 1.69 g of gold per ton.
This zone has not undergone comprehensive follow-up evaluation through additional drilling. Notably, it is linked with a distinct magnetic and electromagnetic anomaly identified in prior ground surveys. This anomaly was confirmed by the current Target EM work.
The Pense Property appears to have been overlooked in recent years and there is enough documented polymetallic mineralization on the property to warrant this detailed survey work and we are very encouraged with the results of the survey and follow-up work confirming that there are several new untested zones that have been located on the claims.
A. Lee Barker, Chief Executive Officer, Sparton Resources Inc.
A. Lee Barker said, “The detailed ground survey delineation of these will lead to drilling, planned for later this year. The presence of significant gold mineralization is a bonus for this critical metals’ opportunity. With the current gold price reaching all-time highs, we believe that this overlooked style of mineralization in this area and the anomalous gold associated with the critical mineral’s mineralization is a bonus for the Pense project.”
Oakes Project- Matachewan, Ontario
During previous work programs at Oakes, Sparton produced five good Induced Polarization (“IP”) anomaly drill targets for gold and copper. For these, drill access trails have already been identified, and roads will be constructed following breakup. Drilling is scheduled for later this year.
The property is situated adjacent to Alamos Gold's Young Davidson gold mine and the historically productive Ryan Lake copper mine. The IP zones on this property exhibit similarities in rock types to those hosting the gold zones at Young-Davidson and the copper mineralization at Ryan Lake.