Miner signs JV deal for Mexican project

photo by silver spruce

Progress on investment Canada’s Silver Spruce Resources Inc. has announced it has fulfilled the terms of the earn-in agreement signed with Colibri Resource, earned its 50% interest, and inked a joint venture agreement that allows it to move forward with additional exploration at the Jackie gold-silver project in Mexico.


“We are pleased to have expedited the earn-in requirements, signed the JV with Colibri and, with operating permits in place from SEMARNAT, look forward to undertaking our jointly funded trenching and drilling programs on our significant greenfield Au-Ag discovery,” said Greg Davison, Silver Spruce’s Vice-President Exploration and Director, as quoted in a statement. 


“The trenching is proposed to start in July 2022 though the specific program timeline will be constrained by the onset and duration of the seasonal summer rains,” Davidson said.


The Jackie project is located in Mexico’s Sonora state.