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Silver Spruce Resources ( (TSE:SSE) ) has issued an update.
Silver Spruce Resources has decided to drop its option to earn a 100% interest in the Mystery Au Project in Newfoundland and Labrador, citing current junior market conditions as a reason for returning the property to the vendors. The decision comes despite the company’s belief in the property’s potential, indicating a strategic shift in focus due to market challenges.
More about Silver Spruce Resources
Silver Spruce Resources Inc. is a Canadian junior exploration company engaged in various mineral exploration projects. It holds a 100% interest in the Melchett Lake Zn-Au-Ag project in Ontario, a 25% interest in the Diamante Au-Ag project in Mexico, and a 50:50 joint venture in the Jackie Au project. The company is also pursuing an option to acquire the Pino de Plata Ag project in Mexico.
Average Trading Volume: 13,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.62M
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