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Silver Spruce Resources Inc (2)
Symbol SSE
Shares Issued 87,930,833
Close 2019-10-29 C$ 0.04
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Silver Spruce signs joint geological research MOU

2019-10-29 10:41 ET - News Release

Mr. Karl Boltz reports

SILVER SPRUCE ANNOUNCES MOU WITH CHINA UNIVERSITY OF MINING AND TECHNOLOGY FOR JOINT GEOLOGICAL RESEARCH

Silver Spruce Resources Inc. has signed a memorandum of understanding (MOU) with China University of Mining and Technology (CUMT) to engage in joint geological research, fieldwork and educational studies on Silver Spruce's properties.

CUMT was founded in 1909 and is one of China's premier mining universities, with over 30,000 students enrolled. Execution of the MOU followed a seminar at CUMT's main campus in Xuzhou, China, on Oct. 18, 2019, when director Kevin R. O'Connor introduced Silver Spruce's three current projects and when chief executive officer Karl Boltz participated by live video.

"We are honoured to have introduced our projects to professors and PhD students at CUMT," commented Mr. Boltz. "We look forward to them visiting our properties to engage in joint research. We are hopeful the perspective that they bring to our projects and their collective network of mining contacts in China will be of benefit to Silver Spruce over the long term."

Under the terms of the non-binding MOU, the parties will look for mutually convenient times when professors and graduate students of CUMT can visit Silver Spruce's properties to engage in joint geological research, fieldwork and educational exchanges.

"I was fortunate to have been introduced to CUMT by the chairman of one of China's largest construction equipment companies," commented Mr. O'Connor. "During my 11 years working in China as an attorney for multinational companies, I was involved in numerous construction and mining equipment projects. My intent is to explore additional co-operation opportunities involving China for Silver Spruce. The appetite for precious and industrial metals in China appears immense."

About Silver Spruce Resources Inc.

Silver Spruce Resources is a Canadian junior exploration company pursuing development of the Pino De Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua state, Mexico. The company has signed a binding letter of agreement to acquire 100 per cent of the advanced Cocula gold project in Jalisco state, Mexico, and a letter of intent to acquire 100 per cent of the Melchett Lake zinc-gold-silver project in Northern Ontario, Canada. Silver Spruce Resources continues to investigate opportunities that management has identified or that have been presented to the company for consideration.

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