Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

December 10, 2009 09:22 ET

Sparton Reports Continued Encouragement at Marmion Gold Project in Northern Ontario

WEST HAMMOND GOLD TREND EXTENDED TO 2.8 KILOMETERS IN LENGTH

TRENCHING AND IP SURVEYS COMPLETED, DRILLING UNDERWAY

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2009) -

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today that new sampling results from prospecting on its West Hammond Contact ("WHC") property located in northern Ontario have now extended the mineralized gold trend for a total of 2.8 kilometers. The WHC claim group is contiguous to the claim holdings of Brett Resources Inc. ("Brett"), and is located approximately 25 km. north of the town of Atikokan. Brett is doing advanced evaluation of its Hammond Reef deposit which is now reported to contain 6.8 million ounces of Gold. (See Sparton news release dated October 26, 2009, and recent news releases by Brett Resources Ltd.).

SAMPLING PROGRAM

During the initial prospecting and sampling program new mineralization was discovered on the WHC claims along strike from the previously reported Stubby Zone (see Sparton news release dated July 20. 2009). This included the new South Silicified Zone located southwest of Stubby.

Of 689 prospecting (grab) samples taken to date at West Hammond, 109 samples returned significantly anomalous values above 100 ppb Au. Values obtained over 1 g/t are 17.65 g/t Au, 13.55, 12.4, 4.04, 4, 3.19, 2.76 and 2.61 g/t Au. Most of the higher values are from the grid area which is 3100 meters long by 800 meters wide centered on the Stubby showing. Anomalous gold values generally occur in quartz-ankerite veins and vein stockworks with pyrite, rarely accompanied by chalcopyrite and/or galena. Highly altered mafic volcanics with abundant pyrite and altered pyritic granite have also returned anomalous gold values up to 12.4 g/t Au. Some of the assays and soil results are still pending but visually the mineralized trend is more or less continuous along the grid baseline and has been traced over a distance of 2.8 kilometers. Anomalous gold values in soils analysed to date from the grid are observed for a strike length of about 2.2 kilometers. The data display several anomalous trends within the grid and a significant number of anomalous values occur beyond the north-western limit of the grid where sample values reach up to 1.71 and 1.92 g/t.

Based on the initial sampling several trenches were cleared to bedrock and channel sampled in locations where some of the better prospecting sample results were found. Several anomalous zones (over 0.5 g/t Au) in exposures up to 14 metres wide were located in the trenches, associated with strong silicification.

GEOPHYSICAL SURVEYS, DRILLING

Based on the positive sampling results, induced polarization (IP) and magnetic surveys commenced over the entire grid area in mid November and are now essentially completed. At least three distinct anomalous trends characteristic of disseminated sulphide mineralization with related increased resistivity (silicification) have been located to date. These are related either to anomalous gold mineralization located by the rock sampling program or anomalous gold in soil results.

A drill program to test several of the IP zones is expected to begin on or before December 12, 2009. It is expected that at least three or four 200 meter holes will be completed prior to year end. These will target the most attractive IP anomalies associated with elevated gold values in soils or rock and trench sampling.

The Company West Hammond claim holdings cover approximately 20 kilometers of this favourable zone. Anomalous gold values have also been found an additional 1.5 km northeast of the current grid area where the initial work has been completed. Follow up work here be done during next year's field season

POSITIVE CLEMENT LAKE RESULTS

The prospecting program has also located new mineralization in the Clement Lake claim area where a total of 169 grab samples were taken during reconnaissance prospecting across lineaments which are similar to those related to Brett's Hammond Reef deposit Ten samples returned anomalous values of greater than 100 ppb, with the better values being 1.09 and 3.44 g/t Au. The anomalous values are scattered over a broad area and require further investigation.

Sparton's management is extremely pleased with these new data. They confirm the occurrence of a very strong zone of shearing, alteration and related gold mineralization associated with the contact zone between the Marmion batholith and the Finlayson Volcanic Belt. The presence and pattern of the IP anomalies and association with either anomalous gold values in soil samples or rock samples makes these high priority drill targets and it has been decided to begin drill testing them immediately. The new gold mineralization located on the Clement Lake claims is also very encouraging.

All sample data reported here represent analyses performed by ALS Chemex' Laboratory in Thunder Bay, Ontario. Sparton maintains an industry standard program of sample control security, and chain of custody for quality control and quality assurance purposes.

Sparton's domestic and international exploration, development, 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.

Listed: TSX Venture Exchange

Trading Symbol: SRI

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to exploration and development, the environment, local and foreign government regulation, currency fluctuation infrastructure, capital markets and additional funding requirements and the departure of key executives as well as those factors discussed in the Company's documents filed on SEDAR (www.sedar.com).

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on Sparton Resources Inc. is available at www.sedar.com.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sparton Resources Inc.
    A. Lee Barker
    President and CEO
    416-366-3551 or Mobile: 416-716-5762
    416-366-7421 (FAX)
    info@spartonres.ca
    or
    Sparton Resources Inc.
    Edward G. Thompson
    Chairman
    int'l +1-416-366-6083
    +1-416 -366 -2713 (FAX)
    egt@interlog.com
    www.spartonres.ca