Silver Spruce Resources Inc.: Update on REE Exploration (Pope's Hill, RWM, MRT, Straits)-Labrador
September 27 2011 - 9:00AM
Marketwired
Silver Spruce Resources Inc. (TSX VENTURE: SSE)(FRANKFURT: S6Q) is
pleased to provide an update on exploration on the Pope's Hill,
MRT, RWM and Straits,100% owned rare earth element (REE) properties
located in southern Labrador.
Pope's Hill - A trenching program started in the western part of
the MP trend, just to the north of the bedrock pit on the Trans
Labrador Highway (TLH), on September 23. The program is designed to
expose the favourable, REE anomalous, syenitic unit which carries
the high grade (up to 25% TREEs) segregations over the approximate
2.8 km long trend that has been discovered to date (see news
release Aug. 31/11). A series of trenches from 200 to 500 m apart
are designed to evaluate and give grade / width information on the
zone, in preparation for a drilling program in the winter of
2012.
MRT - A regional soil geochemical survey, with samples at
approximate 100 m intervals on lines 200 m apart, is planned to
define areas for follow up trenching later in the fall. The survey
will cover the area of rock sample results (see news release Sept.
13/11), which give a number of significant REE values over a 2 km2
area and to the north, upstream of a significant anomalous stream
sediment value.
RWM - One day of helicopter supported prospecting and geological
mapping, was carried out in early September by a 5 man crew. The
area is primarily boulder fields and eskers with no outcrop noted.
The eastern side has a wide variety of rock types with most of the
larger boulders biotite rich granitic gneiss with some smaller
syenitic boulders. Quartz veins with hornblende were noted in
potassic granitic boulders and recrystallized granite boulders were
also seen however no anomalous radioactivity was noted in these
rocks. In the western part, again mainly a boulder field,
background total counts (TC) were elevated in the 300-400 counts
per second (cps) range, with more abundant biotite rich gneisses
giving elevated total count values up to 8000 cps. Other
anomalously radioactive boulders included: an ultramafic/pyroxenite
boulder which gave 800 cps and in the south west, a mafic volcanic
with anomalous radioactivity. Areas of boulders carrying
radioactive biotite were noted and in these areas hand dug pits up
to 60 cm deep gave anomalous TC readings up to 2000 cps. The
western area shows anomalous radioactivity in all three elements
(K, U, Th) on the airborne survey carried out in 2010. Twenty (20)
float rock samples from a variety of lithologies were taken.
Results are pending.
Straits - A geophysical consultant, Amer Smailbegovic, Ph.D., of
Minera Inc., in Reno NV, evaluated the Fugro 2006 airborne
radiometric and magnetic survey dataset over the ST property,
located between Mary's Harbour and Red Bay, on the Straits of Belle
Isle, with an emphasis on thorium-channel anomalies which could be
related to REE mineralization. His technique used statistical
correlations of thorium channels to those of uranium and potassium
as a first pass to define general areas of interest which were then
investigated individually on a line-by-line basis. The resulting
radiometric anomalies were tied into high resolution imagery and
aeromagnetic-data derivative products to hand pick anomalies using
the geomorphology and structure of the areas as a guide. He
concludes, "Published geological literature suggests that there is
a potential for REE mineralization in the region, but the region is
significantly under-explored. Obtaining good cue-in targets from
the available geophysical data will assist in leading the
ground-truthing parties to areas exhibiting permissive structural
and lithologic conditions for REE mineralization." He recommends
that the selected areas, mainly concentrated in the central part of
the area, which appear associated with positive magnetic features,
and particularly the areas along the contact between the Pinwarian
Granite and the amphibolitic /metasedimentary sequences, be
evaluated by a ground follow-up consisting of prospecting and rock
sampling. This follow up exploration is planned for the month of
October.
All rock and stream samples are transported to the Activation
Labs preparation facility in Goose Bay by SSE personnel, then
shipped to their laboratory in Ancaster, ON. for analysis using
their 8 REE package for rocks and 1D enhanced package for streams.
The laboratory uses internal standards to check their analyses and
blanks are included in each sample batch.
Plan maps of the properties, showing the sample results to date,
the airborne Th radiometric and magnetic data plus pictures showing
the area, the showings and some of the higher grade samples,
including the proposed trenching on the MP trend - PH property, are
shown on the Silver Spruce website at
www.silverspruceresources.com.
This release has been approved by Peter M. Dimmell, P.Geo.,
President and CEO of 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 diversified junior exploration company with a
portfolio of rare earth (Pope's Hill, Pope's Hill JV (with Great
West Minerals Group), MRT, RWM and the Straits), gold silver (Big
Easy), and for the longer term, uranium (CMBJV, Snegamook, Double
Mer, Mount Benedict), projects in Newfoundland and Labrador. 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 rare earth and
uranium districts.
The company seeks Safe Harbour.
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.
Contacts: Silver Spruce Resources Inc. Gordon Barnhill CFO &
Director 902.527.5700 902.527.5711 (FAX)
gbarnhill@silverspruceresources.com www.silverspruceresources.com
Ascenta Capital Partners Inc. - Investor Relations Hugh Oswald
604.684.4743 ext. 243 or Toll Free: 1.866.684.4743 ext. 243
hugh@ascentacapital.com www.ascentacapital.com
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