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Last C$0.16 CAD
Change Today 0.00 / 0.00%
Volume 26.2K
SSP On Other Exchanges
As of 4:02 PM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

sandspring resources ltd (SSP) Snapshot

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01/16/15 - C$0.45
52 Week Low
09/30/15 - C$0.13
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sandspring resources ltd (SSP) Details

Sandspring Resources Ltd., a junior mining company, explores and develops mineral properties in Guyana, South America. It primarily focuses on developing the Toroparu gold project, which consists of 7 small scale claims, 167 contiguous medium scale prospecting permits, and 13 medium scale mining permits that together cover an area of 74,742 hectares, as well as 5 contiguous prospecting licenses covering an area of 23,471 hectares in northwestern Guyana. Sandspring Resources Ltd. is based in Centennial, Colorado.

sandspring resources ltd (SSP) Top Compensated Officers

Chief Executive Officer, Corporate Secretary ...
Total Annual Compensation: C$257.5K
Executive Vice-President and Director
Total Annual Compensation: C$224.2K
Vice President of Exploration
Total Annual Compensation: C$300.0K
Compensation as of Fiscal Year 2014.

sandspring resources ltd (SSP) Key Developments

Sandspring Resources Ltd. Commences New Exploration Program at Toroparu Gold Project

Sandspring Resources Ltd. announce that its Fall 2015 exploration program is underway, with the objective of confirming continuity and grade of mineralization at the Sona Hill Gold Anomaly, and extending the regional exploration grid to unexplored areas within the Puruni Shear Corridor in an effort to identify new mineralized systems in the Upper Puruni District. Sandspring's planned exploration program includes a 3,700-meter diamond drilling program at Sona Hill and a 100-km(sup abp="679")2 regional geochemical survey of concessions north and north-west of the Company's existing concession boundary, lying within the Puruni Shear Corridor that hosts the Toroparu deposit. The Puruni Shear Corridor is a regional geological feature that can be traced for more than 150 km within the Puruni volcano-sedimentary belt into producing goldfields in Venezuela. The Sona Hill drill program has been designed to confirm continuity of mineralization defined by earlier reconnaissance drilling. As previously reported, a number of anomalous gold values were discovered in saprolite during the 2011-12 geochemical survey covering the central and northern part (45%) of the Company's Upper Puruni concession. Strong anomolous values for gold were identified on top of Sona Hill over a 1 km by 200 m north-south trending zone. An initial 25-hole reverse circulation and diamond reconnaissance drill program in 2012 identified gold mineralization in both saprolite and fresh rock. Sandspring has engaged one rig to drill 40 holes on a 100- by 50-metre grid to a maximum vertical depth of approximately 100 metres. The program is expected to be accomplished over an eight-week period, with analytical results expected in early 2016.

Sandspring Resources Appoints Jeremy Crichton as Chief Financial Officer and Rhylin Bailie as Vice-President Communications and Investor Relations

Sandspring Resources Ltd. and PNO Resources Ltd. announced completion of the previously announced acquisition by Sandspring of PNO by way of a court approved plan of arrangement. Completion of the acquisition has brought the capital required to advance Sandspring's Toroparu Gold Project in the near term, while also expanding the expertise of Sandspring's management team and board of directors. The board of directors of Sandspring now comprises Messrs. John Adams, Suresh Beharry, Greg Barnes, David Constable and Richard Munson as representatives of Sandspring, and Messrs. Frank Giustra, Harry Pokrandt and David Laing as representatives of PNO. Richard Munson will continue as Chief Executive Officer, Jeremy Crichton has been appointed Chief Financial Officer and Rhylin Bailie has been appointed Vice-President Communications and Investor Relations.

Sandspring Resources Ltd., Annual General Meeting, Sep 03, 2015

Sandspring Resources Ltd., Annual General Meeting, Sep 03, 2015., at 09:00 US Eastern Standard Time. Location: Suite 2100 Scotia Plaza. Agenda: To receive and consider the audited financial statements of the company for each of the financial years ended December 31, 2014 and 2013 and the reports of the auditors thereon; to elect directors of the company for the upcoming year; to appoint the auditors for the upcoming year and to authorize the directors to fix their remuneration; to consider, and if thought fit, to pass, with or without variation, an ordinary resolution to ratify, confirm and approve the company's stock option plan; to consider, and if thought fit, to pass, with or without variation, a special resolution to authorize and approve the consolidation of all of the issued and outstanding common shares of the company on the basis of 1 post-consolidation common share for every 3 pre-consolidation common shares then outstanding; and to transact such further business as may properly come before the meeting or any adjournment or postponement thereof.


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