Encouraging Initial Drilling Results Reported from the Pense Critical Metals Project

Core Insights - Sparton Resources Inc. has confirmed the presence of critical metals and gold mineralization at the Pense Critical Metals Project in northeastern Ontario through initial drilling results [1][3][10] - The company has exercised its option to acquire a 100% interest in the Pense Property, indicating a strategic move to enhance its asset portfolio [1][3] Drilling Results - The initial drilling program included four diamond drill holes totaling 822 meters, with significant mineralized zones identified [3] - Hole P24-01 intersected a 38-meter mineralized zone with notable values: 1.73% zinc over 19.7 meters, 0.81g/t gold over 8.2 meters, 0.14% copper over 27.7 meters, and 0.10% nickel over 18.3 meters [4] - Additional holes (P24-02, P24-03, and P24-04) reported various nickel values, with P24-03 showing three zones of nickel mineralization [5][6] Historical Context - The current drilling program is located near historical drilling sites from 1993 and 1997, which reported significant values of critical metals [7][8] - Historical hole 97-03 returned values of 0.09% copper, 1.3% zinc, and 1.69 grams of gold per tonne over 9.02 meters, highlighting the potential of the area [8] Geological Insights - The mineralization at Pense is characterized by massive to semi-massive sulphide mineralization, with a 50-meter-wide alteration zone containing critical metal values [10] - The gold zone in P24-01 is distinct and similar to historical findings, suggesting further exploration is warranted [11] Future Exploration - There are at least eight other untested geophysical targets on the combined Ontario and Quebec claim package, indicating significant exploration potential [10][12] - The CEO of Sparton emphasized the importance of continuing the drill program to explore all targets, particularly given the current high gold prices [13] VRB Energy Developments - VRB Energy Inc. is making progress in establishing operations in the U.S. and has positive developments in its battery manufacturing joint venture in China [2][16] - The joint venture aims to reduce corporate energy consumption and promote renewable energy development in Yunnan Province, China [16][17]