Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

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Melchett Lake
Zn-Au-Ag-Cu-Pb
VMS Project,
Ontario, Canada

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Melchett Lake - Introduction
▪ 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 1,820 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.

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Melchett Lake - Geological Overview
▪ 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

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Melchett Lake - The Potential
▪ 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.

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Melchett Lake - The Property
▪ The Melchett Lake Property consists of 88 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.

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Melchett Lake - The Property
Melchett Lake Location Map – Ontario, Canada

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Melchett Lake - The Property
The Melchett Lake Property consists of 88 single cell mineral claims
and two multi-cell mineral claims, 1820 hectares

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Melchett Lake - The Property
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

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Melchett Lake Project – Property
Melchett Lake Location Map – road access from Thunder Bay airport

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Melchett Lake - The Property
Melchett Lake Location Map – road and rail access in Nakina

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Melchett Lake Project - Relf Zone
Leuenberger Air Turbo Otter – SSE director Davison at Cordingley Lake base

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Melchett Lake Project - Property Access
Taken over Esnagami Lake from helicopter enroute to Melchett Lake

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Melchett Lake Project - Property Access
Taken from helicopter over Melchett Lake looking west to Kap Lake

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Melchett Lake Project - Property Access
Taken from helicopter over Relf Lake looking SW to Melchett Lake

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Melchett Lake Project - Relf Zone
2019 overhead drone image of the Relf Zone base camp

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Melchett Lake - Relf Zone
Docking the Leuenberger Air Turbo Otter at base camp on Relf Lake

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Melchett Lake - Geological Overview
▪ 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

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Melchett Lake - Regional Geology
MNDM land administration shows E-W trend and major lithologies of
Melchett volcanic belt, and late dykes, property in black
Mafic metavolcanics
Intermediate to felsic metavolcanics
Iron formation
Metasediments

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Melchett Lake - Historical Geology Map
Melchett Lake historical claims (red), geology and mineral occurrences
Current property boundary
Intermediate to felsic metavolcanics
Mineralized metavolcanics
Metasediments

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Melchett Lake - Regional Magnetics
2010 regional airborne survey shows E-W trend and complex tight folding
of Melchett volcanic belt, major faults and late dykes, property in black

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Melchett Lake - Highlights
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

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Melchett Lake - Mineral Occurrences
Mineral Occurrence Highlights – Ontario Geological Survey

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Melchett Lake - Relf Zone
2019 drone image of the Relf area looking NNE from trenches to camp

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Melchett Lake - Relf Zone
2019 overhead drone image of the main Relf Zone trenching area

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Melchett Lake - Relf Zone
2019 Relf Zone – main trench area looking NNE across structural fabric

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Melchett Lake - Relf Zone
2019 Relf Zone – SSE director Davison with altered QSP-Sphalerite

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Melchett Lake - Relf Zone
2018 Relf Zone – altered sphalerite-pyrite in felsic tuff or exhalite

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Melchett Lake - Relf Zone
2018 Relf Zone – silica-sericite-pyrite in felsic tuff or exhalite

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Melchett Lake - Relf Zone
2019 - heavy gossan in sulphide zone, dark ferroan sphalerite lens

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Melchett Lake - Relf Zone
Relf Zone rock sampling from main trench area - Davison, 1984
Sample No. Zinc % Lead % Copper % Silver g/t
1061 12.90 1.920 0.288 552
1062 2.63 0.870 0.116 254
1063 2.77 0.356 0.164 157
1064 11.60 0.866 0.507 278
1065 16.80 2.400 0.075 655
1066 8.26 0.330 0.972 170
1067 11.10 1.300 0.142 394
1068 9.88 0.558 0.154 179

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Melchett Lake - Relf Zone
2019 Relf Zone – well preserved 2007/2008 diamond drill core

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Melchett Lake - Relf Zone
2019 Relf Zone – well preserved 2007/2008 diamond drill core

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Melchett Lake - Relf Zone
2019 Relf Zone diamond drill core from 2007 and 2008 exploration

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Melchett Lake - Target Evaluation
Geophysical and Geochemical Anomalies
▪ Magnetic anomalies define structural complexity and
potential stacking of mineralization
▪ Resistivity anomalies due to footwall or hangingwall
alteration of VMS deposits (chlorite, sericite, silica, etc.)
▪ Chargeability anomalies caused by disseminated sulphide
mineralization typically in the order of 1-5%
▪ Conductivity anomalies resulting from lenticular massive to
semi-massive sulphide bodies
▪ Zones of depletion typical of hydrothermal systems related
to VMS deposits: Calcium, Strontium, Sodium
▪ Zones of enrichment typical of hydrothermal systems
related to VMS deposits: Silver, Magnesium, Barium,
Alteration Index #

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Melchett Lake - Regional Magnetics
2010 regional airborne survey shows E-W trend and tight folding of
Melchett volcanic belt, major faults and late dykes, property in black

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Melchett Lake - Target Evaluation
Geophysical and Geochemical Anomalies
▪ Magnetic anomalies define structural complexity and
potential stacking of mineralization
▪ Resistivity anomalies due to footwall or hangingwall
alteration of VMS deposits (chlorite, sericite, silica, etc.)
▪ Chargeability anomalies caused by disseminated sulphide
mineralization typically in the order of 1-5%
▪ Conductivity anomalies resulting from lenticular massive to
semi-massive sulphide bodies
▪ Zones of depletion typical of hydrothermal systems related
to VMS deposits: Calcium, Strontium, Sodium
▪ Zones of enrichment typical of hydrothermal systems
related to VMS deposits: Silver, Magnesium, Barium,
Alteration Index #

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Melchett Lake - Geophysics
Principal chargeability anomalies east of Relf to west Nakina targets

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Melchett Lake - Nakina Zone
SSE Director Greg Davison and Project Geologist Luc Lepage at
Nakina Zone trenching areas

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Melchett Lake - Geophysics
Principal resistivity and conductivity anomalies

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Resistivity high – footwall alteration
Conductor - massive sulphide
Chargeability high - disseminated sulphide
Melchett Lake - Geophysics
Compiled geophysical anomalies Relf and central zones

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Melchett Lake - Geology Analogues
Mattabi ore deposit stratigraphy and ore type distribution
Adapted from Franklin 2016

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Melchett Lake - Target Evaluation
Geophysical and Geochemical Anomalies
▪ Magnetic anomalies define structural complexity and
potential stacking of mineralization
▪ Resistivity anomalies due to footwall or hangingwall
alteration of VMS deposits (chlorite, sericite, silica, etc.)
▪ Chargeability anomalies caused by disseminated sulphide
mineralization typically in the order of 1-5%
▪ Conductivity anomalies resulting from lenticular massive to
semi-massive sulphide bodies
▪ Zones of depletion typical of hydrothermal systems related
to VMS deposits: Calcium, Strontium, Sodium
▪ Zones of enrichment typical of hydrothermal systems
related to VMS deposits: Silver, Magnesium, Barium,
Alteration Index #

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Melchett Lake Project - Geochemistry
Contoured zinc analyses from grab rock samples

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Melchett Lake Project - Geochemistry
Contoured silver analyses from grab rock samples

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100 x (K2O + MgO)
(K2O + MgO+ Na2O+ CaO)
Melchett Lake Project - Geochemistry
Principal alkali alteration index # anomalies showing multiple targets

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Melchett Lake Project - Geochemistry
Principal sodium depletion anomalies from grab rock sampling

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Melchett Lake Project - Geochemistry
Principal calcium depletion anomalies from grab rock sampling

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Melchett Lake - Geochemistry
Principal strontium depletion anomalies from grab rock sampling

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Melchett Lake - Geochemistry
Principal barium enrichment anomalies from grab rock sampling

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Melchett Lake - Summary
▪ Multi-kilometre strike length of the known areas of mineralization
▪ Broad intervals of mineralization
▪ Intense alteration profile similar to well-known polymetallic deposits
▪ High grade values of both precious metals and base metals
▪ Coincident geological, geochemical and geophysical targets
▪ Surface and downhole anomalies
▪ Depth potential indicated by the downhole Maxwell modelling
▪ Multiple untested targets
▪ Zinc to 19.1%, Silver to 560 g/t, Gold to 28.8 g/t
▪ Permits in place for drilling
▪ Significant potential for massive sulphide and gold deposits
▪ Opportunity to grow in strong gold, silver and zinc markets

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Melchett Lake
Thank you.