TSX Venture: SSE Melchett Lake Zn-Au-Ag-Cu-Pb VMS Project, Ontario, Canada
Cautionary Statement TSX Venture: SSE Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes "forward-looking information” with respect to a performance expectation for SSE. Such forward-looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulations of national and local governments and political and economic developments in Canada and other countries where SSE carries-out or may carry-out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits located, including risks in obtaining necessary licences and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Melchett Lake - Introduction TSX Venture: SSE ▪ The Melchett Lake belt contains several occurrences of polymetallic Zn-Pb-Cu-Ag-Au VMS style mineralization similar in character to ore deposits exploited at Mattabi, Winston Lake, Geco, Brunswick, Rouyn-Noranda and Uchi Lake. ▪ The Melchett Lake Property is located in the Thunder Bay Mining District of northwestern Ontario, Canada, north of Geraldton and Nakina. ▪ The 3,996 hectare project is located within an historically active exploration and mining region including Copper Lake’s Marshall Lake VMS project, Premier Gold’s Hardrock -Greenstone Au project and past-producing Anaconda-Dofasco iron mine and the Skibi Lake and Stewart Lake iron prospects.
Melchett Lake - Geological Overview TSX Venture: SSE ▪ Archean-age Melchett Lake greenstone belt, English River SP ▪ Basalt and mafic to intermediate volcaniclastics overlain by intermediate to felsic tuffaceous metavolcanics and associated clastic and chemical metasediments ▪ Near-vertical dip, steep ENE lineation, tightly folded sequence of schists and gneisses ▪ Volcanogenic massive sulphide and gold mineralization ▪ Locally high grade lenses of Zn & Ag ▪ Variable Cu, Au, & Pb ▪ Zinc grades to 19.1% ▪ Silver grades to 560 g/t ▪ Gold grades to 28.8 g/t
Melchett Lake - The Potential TSX Venture: SSE ▪ The Ontario Geological Survey Exploration Highlights in 2016- 2017 reported “The potential of discovery of economic zinc -lead- silver-gold-bearing VMS deposits in the Melchett Lake greenstone belt is high.” ▪ The multi-kilometre strike length of the known areas of mineralization, depth potential indicated by the downhole Maxwell modelling, broad intervals of mineralization, intense alteration profile similar to well-known polymetallic deposits, and presence of high grade values of both precious metals and base metals provide Silver Spruce Resources Inc. with an opportunity to grow with the strong gold, silver and zinc markets.
Melchett Lake - The Property TSX Venture: SSE ▪ The Melchett Lake Property consists of 190 single cell mineral claims and two multi-cell mineral claims located in Thunder Bay Mining District of northwestern Ontario, Canada. ▪ The Property lies 110 km north of Geraldton, Ontario and 60 km north of Nakina at 50 ° 45' north latitude and 86 ° 59' west longitude.
Melchett Lake - The Property TSX Venture: SSE Melchett Lake Location Map – Ontario, Canada
Melchett Lake - The Property TSX Venture: SSE The original Melchett Lake Property consists of 88 single cell mineral claims and two multi-cell mineral claims, 1820 hectares
Melchett Lake - The Property Update TSX Venture: SSE The expanded Melchett Lake Property consists of 190 single cell mineral claims and two multi-cell mineral claims, 3996 hectares
Melchett Lake - The Property TSX Venture: SSE Property Location and Logistics ▪ Secondary road access to south end of Melchett Lake, 5km south of the property, branching new access road under development north to Marten Falls and Ring of Fire Cr-Fe projects ▪ Air access by fixed float plane to Melchett, Kapikotongwa and Relf Lakes from Cordingley Lake, 3km north of Nakina ▪ Air access by helicopter from Nakina airport or local staging areas and abandoned airstrip 5-10km for drill equipment ▪ Flight distance to Nakina 65 km (<30 minutes) ▪ CNR Rail main line through Nakina ▪ Major airport and business services in city of Thunder Bay, 300km southwest, 3 hours by highways 17 and 11
Melchett Lake Project – Property TSX Venture: SSE Melchett Lake Location Map – road access from Thunder Bay airport
Melchett Lake - The Property TSX Venture: SSE Melchett Lake Location Map – paved road and outbound rail access from Nakina
Melchett Lake Project - Relf Zone TSX Venture: SSE Leuenberger Air Turbo Otter – SSE director Davison at Cordingley Lake base
Melchett Lake Project - Property Access TSX Venture: SSE Taken over Esnagami Lake from helicopter enroute to Melchett Lake
Melchett Lake Project - Property Access TSX Venture: SSE Taken from helicopter over Melchett Lake looking west to Kap Lake
Melchett Lake Project - Property Access TSX Venture: SSE Taken from helicopter over Relf Lake looking SW to Melchett Lake
Melchett Lake Project - Relf Zone TSX Venture: SSE 2019 overhead drone image of the Relf Zone base camp
Melchett Lake - Relf Zone TSX Venture: SSE Docking the Leuenberger Air Turbo Otter at base camp on Relf Lake
Melchett Lake - Geological Overview TSX Venture: SSE ▪ Archean-age Melchett Lake greenstone belt, English River SP ▪ Basalt and mafic to intermediate volcaniclastics overlain by intermediate to felsic tuffaceous metavolcanics and associated clastic and chemical metasediments ▪ Near-vertical dip, steep ENE lineation, tightly folded sequence of schists and gneisses ▪ Volcanogenic massive sulphide and gold mineralization ▪ Locally high grade lenses of Zn & Ag ▪ Variable Cu, Au, & Pb ▪ Zinc grades to 19.1% ▪ Silver grades to 560 g/t ▪ Gold grades to 28.8 g/t
Melchett Lake - Regional Geology TSX Venture: SSE MNDM land administration shows E-W trend and major lithologies of Melchett volcanic belt, and late dykes, all claims in black Mafic metavolcanics Intermediate to felsic metavolcanics Iron formation Metasediments
Melchett Lake - Historical Geology Map TSX Venture: SSE Melchett Lake historical claims (red), geology and mineral occurrences Current property boundary Intermediate to felsic metavolcanics Mineralized metavolcanics Metasediments
Melchett Lake - Regional Magnetics TSX Venture: SSE 2010 regional airborne survey shows E-W trend and complex tight folding of Melchett volcanic belt, major faults and late dykes, all claims in black
Melchett Lake - Highlights TSX Venture: SSE Prospective geology, alteration and mineralization ▪ Three known centres of coincident alteration and metal mineralization ▪ Multiple stratigraphic horizons ▪ Distal and stacked proximal sulphides ▪ High Zn/Cu, Zn/Pb, Ag/Au ▪ Metamorphosed to garnet amphibolite grade ▪ Extensive remobilization of major and trace elements ▪ Intense Na, Ca and Sr depletion with elevated Zn ▪ Fe, Mg, Co, Cr, Cd enrichment within and below mineralization ▪ Continuity of alteration and anomalous Zn over large intervals in core drilling ▪ Alteration haloes analogous to world class zinc deposits
Melchett Lake - Mineral Occurrences TSX Venture: SSE Mineral Occurrence Highlights - Ontario Geological Survey
Melchett Lake - Relf Zone TSX Venture: SSE 2019 drone image of the Relf area looking NNE from trenches to camp
Melchett Lake - Relf Zone TSX Venture: SSE 2019 overhead drone image of the main Relf Zone trenching area
Melchett Lake - Relf Zone TSX Venture: SSE 2019 Relf Zone - main trench area looking NNE across structural fabric
Melchett Lake - Relf Zone TSX Venture: SSE 2019 Relf Zone - SSE director Davison with altered QSP-Sphalerite
Melchett Lake - Relf Zone TSX Venture: SSE 2018 Relf Zone - altered sphalerite-pyrite in felsic tuff or exhalite
Melchett Lake - Relf Zone TSX Venture: SSE 2018 Relf Zone - silica-sericite-pyrite in felsic tuff or exhalite
Melchett Lake - Relf Zone TSX Venture: SSE 2019 - heavy gossan in sulphide zone, dark ferroan sphalerite lens
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