sur Sparton Resources Inc. (CVE:SRI)
Sparton and Glen Eagle Ink Deal on Morrison Silver Mine
Sparton Resources Inc. has formed an Option and Joint Venture Agreement with Glen Eagle Resources Inc. regarding the Morrison Silver Mine near Gowganda, Ontario. The agreement allows Glen Eagle to potentially acquire a 70% interest over a three-year option period by fulfilling specific payment and exploration commitments.
Sparton retains operation rights and holds a 30% interest post earn-in, emphasizing the collaboration's potential to advance the Morrison Property and further exploration, given its significant historical production.
Additionally, Sparton appointed Jamal Amin as Vice President, Corporate Development, enhancing the company's strategic oversight and development activities. Amin's geological and corporate expertise is expected to support ongoing projects and new opportunities.
R. H.
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