Sparton Begins Work Program at Exciting New Copper-Uranium Property in New Brunswick

TORONTO, ONTARIO — Sparton Resources Inc. (CDNX:SRI.V) (the “Company”) reported today that it will shortly begin an exploration program on the company’s wholly owned +150 claim (2400 ha) “Whiskey” copper- uranium property in central New Brunswick. The claim areas are easily accessible by a network of main and secondary roads and trails.

The property acquisition was made as a consequence of Sparton’s research into non conventional metallic resources, and the association of copper and uranium occurrences with phosphate rich host rocks.

The area was the subject of several exploration programs from about 1970 until the early 1980′s by various large companies such as BP Oil Ltd. and Aquitaine Company of Canada, as well as a number of smaller organizations and private individual prospectors. There is no record of any significant exploration in the past 20 years.

Limited historical data indicates that numerous boulders of altered mineralized conglomerate, altered phosphatic shale and impure sandstones were found in several areas of the claims which typically assayed (wet chemical analysis) on average, 1% copper, 0.3 % uranium ( approximately 0.4% U3O8) and 0.1% yttrium (all data from NB Provincial Assessment files) . Despite at least one drilling program the source(s) for these float fragments were never located. The mineralization is described as consisting of copper oxides (chalcocite, covellite) and pitchblende in iron oxide stained conglomerate with a high content of basement fragments. Many float fragments were located near the conglomerate contact with radioactive phosphatic shales. Alteration consists of strong iron oxide (hematization), secondary calcite, clay alteration with local sulphides including pyrite.

Elsewhere on the claims sampling from other work programs has reported values of up to 0.05% lead, 0.04% zinc, 0.095% U3O8, 13.2% P2O5 and 0.04% zinc with 0.055% U3O8 and 9.1% P2O5.

The various soil water and rock sample geochemical and surveys that were also completed in the period 1972-1982 and located several areas of anomalous base metals and uranium which are within the claim areas. Several of the showings appear to be associated with fracture and shear zones in the favourable host rocks.

Past geophysical programs were generally restricted to radiometric methods and in one case induced polarization was utilized to locate conductive zones that might be associated with the metallic mineralization found in the boulder samples. This latter technique was unsuccessful in locating discrete targets while the radiometric work did locate numerous anomalous areas.

Geologically the area is underlain by continental and shallow marine clastic sediments of Carboniferous and Mississippian age which unconformably overly sheared and fractured basement rocks of the Kingston Uplift. These rock units and basal zone of this unconformity are excellent targets for “red bed style” copper – base metal mineralization as well as unconformity hosted uranium mineralization analogous to the prolific Athabasca Basin of Northern Saskatchewan. The base metal and uranium mineralization is co-extensive and mineralogy is consistent with a structurally or stratigraphically controlled style of secondary hydrogene type mineral emplacement.

NEW WORK PROGRAM

The winter work program will consist of detailed ground magnetic and VLF (Very Low Frequency) geophysical surveys which will be used to locate shallow and deep seated structural elements which could be related to mineralized areas. It may also be used to interpret the form of the underlying unconformity surface. These methods may be useful to locate such features in both the basement near the unconformity as well as in the near surface environment. Following interpretation and compilation of this information and all historical data a summer field program will be organized and implemented. Locating the source of the high grade boulders will be the first priority of the program.

Sparton’s 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:

Contacts:
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

Sparton Resources Inc.
E.G. Thompson
Chairman
(416) 366-6083
(416) 366-2713 (FAX)
Email: egt@interlog.com
Website: http://www.spartonres.ca

Source: Sparton Resources Inc.

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