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Sparton Resources Inc. Pense Critical Metals Project Exploration Permits Received
StoneridgeStoneridge(US:SRI) Globenewswireยท2025-09-08 11:30

Core Insights - Sparton Resources Inc. has commenced field operations at the Pense Critical Metals Project, which shows similarities to the Outokumpu deposits in Finland [1][12][15] - The project area spans 6,800 hectares and is located near Englehart, Ontario, with recent exploration permits obtained from both Ontario and Quebec governments [3][15] - The presence of significant gold mineralization is noted as an additional opportunity, especially with current gold prices at all-time highs [16] Exploration and Findings - Initial drill programs and funding assistance from the Ontario Junior Exploration Program (OJEP) have been reported, with a new funding application submitted for ongoing exploration [2] - Historical work at the Verrier zone has shown promising results, with assays returning values of up to 0.1% Copper and 0.4% Zinc, indicating potential for further mineralization extending into Quebec [5][6] - Recent reconnaissance geophysics has identified new targets at Pense, with at least twelve untested geophysical zones now recognized [8][13] Mineralization Details - The mineralization at Pense consists of massive to semi-massive sulphides, including pyrite, pyrrhotite, sphalerite, and chalcopyrite, hosted in mafic and ultramafic volcanic rocks [12] - Historical assay values from the Gagne program reported up to 1.31% Copper, 0.32% Nickel, and 1.2% Zinc over sample widths of up to 1.5 meters, indicating significant mineralization potential [6][14] - The newly recognized mineralization at the Verrier and Gagne zones is of particular interest due to its association with skarn mineral development related to syenite intrusions [12][15] Project Scope and Future Plans - The project scope has expanded significantly with the evaluation of new zones, and the CEO has expressed optimism about the potential for multiple critical metals targets [15] - Ongoing prospecting and sampling programs are underway, with assay results pending [9] - The exploration program aims to test all other targets within the Ontario and Quebec claims, leveraging the documented critical metals mineralization [15]