Silver Spruce Revises Pino de Plata Project Agreement

Silver Spruce Resources, Inc. has successfully renegotiated an Option Agreement for the Pino de Plata project in Chihuahua, Mexico. The amended agreement simplifies terms and includes a $10,000 cash payment and a 10% sales participation right over three years. Notably, no exploration spending commitments, future cash obligations, or royalty payments are required, streamlining the path to a 100% interest in the property.

Vice-President Greg Davison expressed confidence in securing long-term access to the site, highlighting shareholder support during negotiations. Moving forward, Silver Spruce plans to initiate a Phase 1 exploration drilling program, counting on a landowner access agreement to proceed with field exploration.

Pino de Plata, positioned within the Sonora Gold Belt, promises high-grade mineralization, making it a strategic exploration target for the company. The project has not yet witnessed modern drilling.