Sparton Resources Inc. Pense Project Update

Core Viewpoint - Sparton Resources Inc. has received funding of $169,117.79 from the Ontario government to support its Pense Critical Metals Project, which aims to explore critical metals in Northern Ontario [1][2][3]. Funding and Support - The funding is part of the Ontario Junior Exploration Program (OJEP) aimed at supporting critical metals exploration [1]. - The Ontario government emphasizes its commitment to boosting economic growth and job creation through investments in early-stage mining explorations [3]. Project Developments - Sparton has acquired 100% ownership of the Pense property, with recent drilling results indicating promising mineralization [4]. - The initial drill program at Pense has shown positive results, leading to plans for further exploration and potential new discoveries [2][14]. Drilling Results - Drilling highlights include: - Hole P24-01 intersected a 38-meter mineralized zone with significant nickel values [5]. - Hole P24-02 returned 0.15% nickel over 12.1 meters [5]. - Additional holes reported various nickel values, indicating the presence of critical metals [5][6][7]. - Historical drilling data from the area has shown interesting values of critical metals, suggesting the potential for further discoveries [9][11]. Exploration Strategy - The company has identified several untested geophysical targets on the Pense property, indicating opportunities for future exploration [10][13]. - Recent reconnaissance geophysics work has located new targets, expanding the scope of exploration [10]. Market Context - The presence of significant gold mineralization in the Pense project is viewed as an added advantage, especially with current gold prices reaching all-time highs [14]. - The company believes that the overlooked mineralization style in the area, combined with the associated anomalous gold, presents a unique investment opportunity [14].