Sparton at Sierra Rosario

Sparton Resources (SRI-V) can earn a 51% interest in the Sierra Rosario gold-silver project in Mexico’s Sinaloa state. To do so, Spartan must pay $130,000 to the vendor, International Northair Mines (INM-V), and issue 275,000 of its shares, as well as spend $800,000 on exploration over four years.

The property covers at least six gold and silver occurrences discovered by Northair during its generative exploration effort in the region. One of the main targets contains gold-silver mineralization in a rhyolite porphyry that has been traced on surface for more than 150 metres along strike, and is still open in both directions.

Sparton plans to begin its first-phase program in May. Geological mapping and sampling are planned, followed by subsequent trenching and drilling, if warranted.