Sparton receives exploration permits for Pense

Executive Summary

• Sparton Resources has received new exploration permits from both Ontario and Quebec for its 6,800‑ha Pense critical metals project.
• Recent reconnaissance geophysics identified a previously unrecognized target and extended an existing zone; the company will conduct EM and magnetic surveys and commence prospecting/sampling with assay results pending.
• Historical mineralized zones (Verrier/Gagne) contain significant copper, zinc, nickel, and gold values; these areas have not yet been drill‑tested, expanding the project’s scope to at least 12 untested geophysical targets.

Key Details

• Permitting: New exploration permits issued by Ontario and Quebec governments covering the entire Pense claim area; all proposed drilling sites are approved.
• Project Size: 6,800 ha straddling the Ontario‑Quebec border, ~25 km east of Englehart, ON.
• Historical Zones – Verrier & Gagne:
• Grab sample assays (Adventure Gold) up to 0.1 % Cu and 0.4 % Zn; trench samples (Gagne, 2007) up to 1.31 % Cu, 0.32 % Ni, 1.2 % Zn over 1.5 m widths.
• Massive sulphide mineralization with pyrrhotite, chalcopyrite, sphalerite; skarn‑type alteration associated with syenite intrusions.
• New Geophysical Targets (2025):
• Reconnaissance EM surveys located a new target not covered by the 2023 airborne survey; zone lies several hundred metres from other untested targets.
• An additional untested zone was extended by ~200 m strike length.
• Total of ≥12 untested geophysical zones now identified across Ontario and Quebec claims.
• Planned Work (2025):
• Conduct detailed EM and magnetic surveys over Verrier, Gagne, and surrounding areas.
• Continue prospecting and sampling program; assay results are pending.
• Gold Highlight: Historical hole 97‑03 reported up to 11.3 g/t Au over 30 cm; similar gold‑bearing silicified zone intersected in recent drill hole P24‑01.
• Funding: New Ontario Junior Exploration Program (OJEP) funding application submitted for the current program.

Notable Quotes

“The Pense property area has been overlooked in recent years and there is enough documented critical metals mineralization on the property to justify continuing the overall exploration program… These new zones at Verrier and Gagne clearly show that the area has multiple critical metals targets, and these will be evaluated in detail.” – A. Lee Barker, President & CEO

Safe harbor statements included; historical data not verified under NI 43‑101.