Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

October 09, 2007 09:31 ET

Sparton Completes Data Compilation from Initial Drilling Program SBD Gold Project, Nevada

700 METRE STRIKE LENGTH OF WEST ZONE UNTESTED NEW 4000 METRE DRILL PROGRAM PLANNED

TORONTO, ONTARIO--(Marketwire - Oct. 9, 2007) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that is has completed a compilation of all previous drilling results combined with the seven hole drill program completed last May at its 100% owned SBD Gold Project in the prolific Battle Mountain Gold Area of Nevada, USA.

The new results have been integrated with the previously generated data available for the property and clearly indicate that the South Zone mineralization represents the extension of the West Zone, offset to the east, and down dropped approximately 50 metres vertically by prominent east - west fault.

Additionally, the new mineralization located in hole 07-07 (see news release dated June 13 , 2007) which tested a geophysical anomaly, appears to be the southern extension of the North Gold Zone, offset by the same fault structure. This new area also hosts several strong geophysical targets that require testing.

All drill holes on the property were entered into the GEMCOM mine planning computer program and plotted on a series of cross sections. The section to section correlation from south to north through holes drilled in the South and West Zones indicates that the projected strike and depth extensions of the wide zone of gold mineralization in the South Zone (15 to 33 metres wide in holes 07-05, 07-06, 19-93 etc) has never been intersected by past drilling along a 700 metre distance between the two zones.

Most of the previous holes drilled were actually completed above the projected extensions of the zones. As well, many past holes drilled in both zones were not oriented to properly cross the mineralization which, base on the new compilation dips westwards. The 700 metre gap in the effective drill pattern will be tested in a new 4000 metre drilling program planned for early 2008 at SBD. Subject to availability, core drilling will be the preferred technique for the new work in order to properly establish correlations in the various mineralized rock units.

Additional holes are also planned to test the southward extension of the North Zone and extend the new mineralization located in Hole 07-07 as well as test other geophysical targets on the 29 claim (240ha) SBD Property.

A series of cross sections and plan map illustrating the interpretation will be posted shortly on the Company Website www.spartonres.ca.

For reference, the tenor of mineralization at SBD is very similar to the historical reported grades for the past and current production from the nearby Trenton Canyon (Newmont) and Marigold (Barrick) Mines, which average about 1.13 g/t and 0.90 g/t respectively and SBD is strategically located in the heart of an area hosting over 16 million ounces of known gold mineralization.

DISCUSSION

This interpretation of the compiled data has confirmed the Company belief that much of the previous drilling done at SBD was not effective in actually developing a gold resource on the property. Assembling data from four different operators and four drill programs into a coherent picture involved challenges of properly locating drill hole coordinates and interpreting geologic data from several sources. Now that the apparent geometry and position of the zones has been established the new drilling work will be designed to identify overall size and gold grade distribution in the known zones and further explore the new area identified in Hole 07-07.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contact Information

  • Sparton Resources Inc.
    A. Lee Barker
    President and CEO
    (416) 366-3551 or Mobile; (416) 716-5762
    (416) 366-7421 (FAX)
    Email: info@spartonres.ca
    or
    Sparton Resources Inc.
    Edward G. Thompson
    Chairman
    (416) 366-6083
    (416) 366-2713 (FAX)
    Email: egt@interlog.com
    Website: www.spartonres.ca