Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

June 13, 2007 13:17 ET

Sparton Reports Encouraging Drill Results From Initial Drilling Program SBD Gold Project, Nevada

Highlights Include 10.7m at 1.91g/t Gold in Hole SBD O7-03 and 33 Metres of 1.12g/t Gold in Hole SBD 07-05

TORONTO, ONTARIO--(Marketwire - June 13, 2007) - Sparton Resources Inc. (TSX VENTURE:SRI)(the "Company") reported today initial assay results from the seven hole drill program recently completed at the SBD Gold Project in the Battle Mountain Area of Nevada, USA. The results are regarded as very encouraging and confirm earlier results reported from SBD drill programs by previous operators.

Seven reverse circulation drill holes totalling approximately 1370 metres were completed in this initial work. Two holes were drilled on each of the North, West, and South Gold Zones and one hole tested a new geophysical target located in the central east part of the 29 claim (240 ha.) property. All holes intersected gold mineralization in the North West and South Zones in excess of 0.5g/t over widths of from 7 to 33 metres. For reference, the historical reported grades for the past and current production from the nearby Trenton Canyon (Newmont) and Marigold (Barrick) Mines are about 1.13 g/t and 0.90 g/t respectively.

All holes in the North, West and South zones were angle holes ranging from -55 to -70 degrees in dip, and were drilled eastwards against the indicated dips of the structural and alteration zones interpreted to control the gold mineralization in the various targets. As such, most of the intersections are interpreted to represent close to true widths. Hole SBD 07 -07, designed to test a new geophysical target to the east was drilled at -80 degrees in a south westerly direction to test a new magnetic and resistivity anomaly. None of the holes actually duplicated previous holes but were positioned to intersect the interpreted location of structural zones representing the mineralization located in the earlier work. The strike extensions of the intersections reported here are open for distances of up to 300 metres or more from the current hole locations.

Analyses were done by ALS Chemex Laboratories in Reno, Nevada and incorporated appropriate chain of custody, and use of standards, duplicates, and blank, analyses for quality control.



SUMMARY OF RESULTS
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HoleNo.-Dip Zone From-To G/T Gold Remarks
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07-01, -55deg West 16.4-27.9m 0.53g/t /11.5m
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07-02, -70deg West 23-36m 0.57g/t /13m Same location as 07-01
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07-03, -55deg North 62.5-82m 1.37g/t / 19.5m Includes 1.91g/t /11m
------------- ----- -------- --------------- ---------------------
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07-03, " North 116.5-133m 1.72g/t / 16.5m Second zone
-------- ----- ---------- --------------- -----------
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07-04, -60deg North 189-195m 0.46g/t / 6m Hole is approx 50m N
------------- ----- -------- ------------ --------------------
of 07-03
--------
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07-05, -55deg South 126-159m 1.12g/t / 33m Includes 9.5g/t / 1.6m
------------- ----- -------- ------------- ----------------------
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07-05, " South 175-178m 0.45g/t / 3m Second deeper zone
-------- ----- -------- ------------ ------------------
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07-06, -70deg South 137-141.5m 0.69g/t / 4.6m Same location as 07-05
------------- ----- ---------- -------------- ----------------------
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07-06, " South 148-149.5m 0.59g/t / 1.5m " " "
-------- ----- ---------- -------------- -----
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07-06, " South 161.5-177m 0.37g/t / 15.5m Hole not completed to
-------- ----- ---------- --------------- ---------------------
full depth
----------
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07-07 New 88.4-89.9m 0.84g/t / 1.5m New mineralization not
----- --- ---------- -------------- ----------------------
previously known
----------------
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DISCUSSION

These results are considered very encouraging as they have confirmed the existence of wide widths of gold mineralization similar in grade to that currently being mined, and historically produced from operations now controlled by Newmont and Barrick in the immediate area of the SBD Property. The current holes were designed to follow up the past intersections using a structural model for control of the gold mineralization and the results reported here confirm this interpretation. The location of new mineralization in a portion of the claims previously unexplored, also opens up a completely new area for exploration.

A comprehensive follow up drilling program will be organized later this summer after the current results are compiled with the past data into a three dimensional model of all known gold intersections at SBD. 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
    (416) 366-7421 (FAX)
    Mobile: (416) 716-5762
    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