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Sparton Resources Inc.: Sparton Identifies Rare Earth's at New Brunswick Whiskey Project

  //house-home.news-articles.net/content/2009/09/1 .. re-earth-s-at-new-brunswick-whiskey-project.html
  Published in House and Home on Thursday, September 17th 2009 at 6:43 GMT by Market Wire
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TORONTO, ONTARIO--(Marketwire - Sept. 17, 2009) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") is pleased to announce that it has reviewed its existing database of geochemical data from the Whiskey Project area north of Moncton, New Brunswick and has identified several occurrences of encouraging rare earth and phosphate mineralization in both surface and drill hole samples.

Historical information from work done by BP Oil in 1972 reported typical yttrium analyses of 0.10%Y from thirteen boulder samples of float material collected during follow up of a regional geochemical survey. (Assessment File 470211 from NB Department of Mines and Energy records).

Eight surface samples collected by Sparton in 2008 returned values varying from 0.01to 0.05% yttrium and 0.60% to over 1.0% phosphorus. These samples also returned elevated values (up to 63 parts per million) in lanthanum, another rare earth element.

Results from widely spaced soil sample profiles with a sample spacing of 25 metres over the mineralized areas returned values of up to 0.013% yttrium in adjacent samples with an average of approximately 40 parts per million Y from 110 samples with anomalous values containing over 15ppm Y (three times local background content in the soils). Drill core samples from four drill holes which tested two separate areas 1.30 km apart also returned yttrium values of up to 0.02% over 1 metre intersections.

DISCUSSION

These data are extremely encouraging and a complete review will be undertaken of all Whiskey geochemical results in order to establish what additional work will be necessary to evaluate this new opportunity.

MAJOR PROGRAM UPDATES

Sparton's main focus continues to be completion of acquisition of the controlling interest in the profitable Huajun germanium - coal operations in China and development of new secondary uranium recovery opportunities in this area.

Initial work programs for the uranium-coal and gold exploration projects in Saskatchewan and Ontario will also begin shortly.

As well, updates on the initial planning program for the Company's Chebucto natural gas asset in offshore Nova Scotia will be reported when available.

Sparton's exploration and development programs are conducted under the supervision and direction of A. Lee Barker, P. Eng., P. Geol., 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.