Sparton Resources Inc.
(TSX VENTURE:SRI) (the "Company") reported
today, it has begun the summer field program on the 29 claim
SBD Property ("SBD") in Lander County,
Nevada, USA, near Battle Mountain (see
news release dated June 22, 2006), and the Coal Canyon property near Lovelock.
The SBD claims comprise 29 lode claims covering approximately
2 square kilometres which are located in Section 20, Township
32N, Range 43E, approximately 10 km west of Battle Mountain.
They are approximately 800 metres east of Newmont's Trenton
Canyon open pit and approximately 6 km northeast of Newmont's
new Phoenix Mine infrastructure. Glamis Gold's Marigold Mine
is located about 5km to the north. The property is part of
the general Phoenix (8.5 million ounces gold) development
area, and within the prolific Battle Mountain - Eureka Gold
Trend.
INDEPENDENT TECHNICAL REPORT RECOMMENDATIONS
The NI 43-101 compliant Independent
Technical Report (the "Report")
on SBD prepared by Arthur R. Leger P. G., a Nevada based
consulting geologist provides recommendations for a work
program budgeted at USD$450,000. The recommended work involves
geophysics, geochemistry, and drilling. A total of approximately
25 line km of magnetic and CSAMT surveys are planned at SBD
to define the structural corridors controlling the known
gold mineralization and locate any structural intersections
on the claims, such as those known to host higher grade gold
zones in the general Battle Mountain area. The magnetic survey
will help to define the location of any buried intrusives
in the claim area similar to the nearby Trenton Canyon Stock
which controls gold mineralization at Newmont's Trenton Canyon
deposit located only about 800 metres to the west of SBD.
Three distinct gold zones are known at SBD
and appear to be related to structures hosting intrusive
rocks related to the Trenton Canyon Stock. Highlights of
past drilling have been reported in previous Company news
releases (March 22, 2006, June
22, 2006) and are summarized in the
Report which is available on the Company website www.spartonres.ca.
COAL CANYON CLAIMS
Detailed surveys totalling approximately 10 line kilometres
will also be completed on the Coal Canyon property which
was acquired earlier in 2006 by the Company (see
news release dated March 22, 2006). The Coal Canyon claims are located
east of Lovelock in the West Humboldt Range of Pershing County.
The property is southwest of Jipangu Inc.'s (formerly Appollo
Gold) Florida Canyon Mine (over 1 million ounces produced),
and the Willard and Rochester gold deposits. Previous exploration
has outlined a north west trending 1200 metre by 250 metre
soil and rock chip gold geochemical anomaly with values up
to 3 g/t gold and associated anomalous values in arsenic,
antimony and mercury. The zone is associated with a large
coincident area of intense hydrothermal alteration with extensive
jasperoid development in impure calcareous sediments intruded
by felsic and mafic sills and dykes which appear to have
been emplaced along thrust faults. A second parallel mineralized
zone approximately 500 by 150 metres in size has been defined
by recent mapping to the east of the main anomaly.
Sparton consultants recently visited Coal Canyon and samples
taken have returned values of up to 2.6 g/t gold over narrow
widths in altered material associated with the known structures.
A well defined structural intersection zone is interpreted
to be centred on the claim group. No drilling has ever been
done on the property since it was first identified by modern
exploration in 1994.
These work programs at SBD and Coal Canyon are expected
to take approximately 6 weeks to complete and results will
then be compiled in advance of a drilling program which is
planned for September of this year.
LA JOSCA DRILLING RESULTS MEXICO
Seven holes totalling 775 metres in length
were completed at Josca and tested approximately a 600 metres
section of the 1.1 kilometre long Josca structure. The structure
was intersected in all holes and varies form 4 to 12 metres
wide with local heavy sulphide mineral concentrations and
silicification. The best results were 2.62g/t gold over 1
metre core length in Hole 7 and 1.12 g/t gold over a 1 metre
core length in Hole 3. Minor base metal values are associated
with these intersections. It appears that the gold may be
hosted in secondary structures trending in a different direction
to the main Josca structure and additional mapping and trenching
will be required to establish this relationship. Drilling
at the San Rafael Zone in the north part of the property
has been postponed until later this year due to lack of water
in the area.
OPTIONS
The Company also reports that, pursuant to the Company Stock
Option Plan approved at the Annual General and Special Meeting
of Shareholders held on June 22, 2006, incentive options
to purchase a total of 810,000 common shares at a price of
$0.21 and expiring on July 7, 2011, have been granted to
Sparton's consultants, a Company director, and a consulting
company controlled by a Company director.
Sparton Resources Inc. is a diversified mineral exploration
company, which has been an active participant in the Canadian
junior resource sector for over 20 years. It holds a portfolio
of Chinese, Mexican, U.S. and Canadian mineral exploration
properties focussing on base and precious metals, and maintains
a 12.5% interest is the south part of the undeveloped Chebucto
natural gas discovery in offshore Nova Scotia Canada.
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