Silver Spruce Updates Exploration Activity and Plans for Summer Program
June 01 2011 - 9:00AM
Marketwired
Spruce Resources Inc. (TSX VENTURE: SSE)(FRANKFURT: S6Q) -
Highlights
-- Big Easy - core sampling completed, final drill results pending
-- Rambler South - drilling completed, core sampling in progress, results
pending
-- Labrador REE exploration on Pope's Hill Trend to begin early June
Silver Spruce Resources Inc. is pleased to provide an update on
exploration activities and plans for the 2011 summer exploration
season. Exploration drilling has been carried out on both the Big
Easy and Rambler South gold properties on the island of
Newfoundland and the 2011 summer field season in Labrador on the
Pope's Hill and MRT REE properties is scheduled to begin in early
June. The exploration programs are summarized below.
Big Easy Gold/Silver: Final results remain pending for the Phase
1 diamond drilling program. A total of seven holes (BE-11-1 to 7),
totaling 1,577 m, were completed with the zone tested over an
approximate 1 km strike length from L 7560 N (BE-11-1) to L 8600 N
(BE-11-7) over widths of up to 500 m. All holes, the first ever
drilled on the property, intersected strongly altered
(silicified/sericitized/chloritized) and mineralized sedimentary
units (see news releases dated March 24, April 8, and May 3, 2011).
A significant gold/silver zone was located in DDH BE-11-3, drilled
under BE-11-2, at a vertical depth of 170 to 210 m. The zone gave
0.41 g/t Au and 15.4 g/t Ag over 89.2 m from 183 m to 272.2m,
including 0.87 g/t Au and 33.5 g/t Ag over 30.5 m from 228 m to
258.5 m, including 2.5 g/t Au and 74.1 g/t Ag over 7 m from 239 m
to 246 m, including 6.05 g/t Au and 174 g/t Ag over 1.5 m from
240.5 m to 242 m and 6.04 g/t Au and 114 g/t Ag over 1 m from 245 m
to 246 m. The highest grades are associated with a brecciated zone
located between 228 m and 272 m. Pyrite, as disseminations and
veins/veinlets averaging 2%-3%, and an unknown, minor fine grained
grey black metallic mineral, is noted in this section. Results for
the remainder of the holes are expected soon and will be released
when they are received.
Rambler South Gold: A 10 hole drilling program in holes
RSKT-11-1 to 10, totaling 924 m, testing the Krissy trend gold
zone, was completed on May 28th. The drilling tested the Krissy
shear zone over a 850 m strike length from Line 25 E (RSKT-11-1) to
16+50 E (RSKT-11-8). Drill holes RSKT-11-1 to 5 tested the zone in
the vicinity of lines 24 and 25 E, where trenching/channel sampling
in the fall of 2010 gave results up to 5.2 g/t / 4.6 m including
10.3 g/t / 2 m (see news release dated Oct. 21, 2010). Drill holes
RSKT-11-6, 8 and 9 tested the Krissy shear system on lines 16+50 to
18+50 E, to the west of the Gull Pond (GP) access road and to the
north of the VG bearing Krissy boulder. The other two holes,
RSKT-11-7 and RSKT-11-10 tested a VLF-EM trend to the north of the
Krissy shear on Line 17 E and the Krissy shear on L 20 E
respectively. The Krissy shear lies along the contact between
quartz porphyry (to the north) and mafic volcanics of the Pacquet
Harbour Group (to the south) in the Line 22 to 25 E area to the
east of the Gp road. It is not well defined to the west of the GP
road where shearing is noted along the contact between massive
gabbros and the sheared mafic volcanics. Mineralization/alteration
consists of recrystallized quartz veining carrying variable
sulphides, mainly pyrite with variable chalcopyrite and minor
bornite, galena and visible gold (VG) in the sericite schists along
the contact in both the mafics and quartz porphyry. Results remain
pending and will be released when received.
Pope's Hill Trend REEs: Field crews are mobilizing to the road
accessible Labrador REE properties, Pope's Hill and MRT in early
June since the snow has now gone from the area. Exploration will
consist of detailed prospecting and geological mapping on the
Pope's Hill original claims where TREE values up to 24% were
located in the fall of 2010 (News release dated Oct. 28, 2010),
just prior to winter (snow) conditions and the MRT (REE/U) property
where values up to 8.95% TREE's and 1% U3O8 were located in 2010
and early 2011 (see news release dated Feb. 17, 2011) during
prospecting and due diligence sampling respectively. Regional work
to follow will consist of prospecting, stream sediment and possible
bio geochemistry and geological mapping along the Pope's Hill
trend. A Request for Proposals (RFP) has been circulated for an
airborne radiometric/magnetic/VLF-EM survey for the entire Pope's
Hill trend including the Pope's Hill, MRT and Pope's Hill JV, a
joint venture with the Great West Minerals Group, for the summer of
2011. Follow up of anomalies or showings located in the detailed,
regional and work and the airborne surveys will be carried out in
late summer and the early fall to allow trenching and drilling of
targets located in the late fall and early winter. Results will be
reported as they are received.
Drill core for the Big Easy and Rambler South properties is cut
in half using a diamond core saw, with one half sent for analysis
and the other half retained for study. Samples for Big Easy were
submitted to the Acccurassay Preparation laboratory in Gambo, NL
where they are prepped and then sent to their laboratory in Thunder
Bay, ON for analysis for gold by fire assay with an AA finish and
an ICP-30 technique for other elements including Ag. Some samples
may also be analyzed for Hg using the ALHg1 technique. Values are
checked by internal standards at the laboratory. Core samples from
Rambler South are sent to the Eastern Analytical Laboratory in
Springdale, NL, a recognized local laboratory, where they are
prepped and analyzed by a fire assay technique (1/2 assay tonne)
for Au and an ICP-11 technique for other elements. Check sampling
is being carried out on both laboratories to evaluate the accuracy
of the original results.
Plan maps of the drilling, the IP chargeability and resistivity
and a compilation map, plus pictures showing the drilling and the
drill core for the Big Easy property and plan maps for the drilling
on the Rambler South property, are available on the Silver Spruce
website at silverspruceresources.com.
This release has been approved by Peter M. Dimmell, P.Geo., VP
Exploration for Silver Spruce Resources Inc., who is a Qualified
Person (QP) in NL and ON as defined in National Instrument
43-101.
ABOUT SILVER SPRUCE
Silver Spruce is a junior exploration company originally focused
on uranium in the Central Mineral Belt (CMB) and elsewhere in
Labrador, Canada. With interests in more than 4,000 claims totaling
more than 1,000 square kilometers in Labrador, Silver Spruce is one
of the largest landholders in one of the world's premier emerging
uranium and REE districts. The company has rare earth element (REE)
properties in Labrador - Pope's Hill, Pope's Hill JV (with Great
West Minerals Group), MRT, RWM and the Straits and gold/silver
projects (Big Easy, Rambler S.) on the island of Newfoundland.
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. The company seeks Safe Harbour.
Contacts: Silver Spruce Resources Inc. - Head Office Gordon
Barnhill CFO & Director 902.527.5700 902.527.5711 (FAX)
gbarnhill@silverspruceresources.com www.silverspruceresources.com
Ascenta Capital Partners Inc. Hugh Oswald Investor Relations
604.684.4743 ext. 243 or Toll Free: 1.866.684.4743 ext. 243
hugh@ascentacapital.com www.ascentacapital.com
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