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NEWS!!!! NEWS!!!! NEWS!!!! NEWS!!!! NEWS!!!! NEWS!!!! NEWS!!!!
http://www.silverspruceresources.com/s/NewsReleases.asp?ReportID=460002&_Type=News&_Title=Silver-Spruce-Updates-Exploration-Activity-and-Plans-for-Summer-Program
Finished the day green!!!
A 2'500 BUY brought it DOWN?? What?
Not much action yesterday, but this is overdue for to skyrocket! Just have a look at the longer-term chart. GO SSEBF!
We are gaining volume today.... GO SSEBF!
Not a bad day @ all. Low volume, but any green during a correction is a good sign. Drilling on going, fundamentals in place, PR's coming. It's good to be a SSEBF shareholder right now IMO.
Could have been someone trying to shake some cheap shares out of some weak hands. GLD/SLV are up this morning. Lets see what that opening bell does for us today.
Why did the PPS fall by 16% yesterday, with a volume of only 500 shares, of which 100% were buys?... Manipulation?!
50th post and many more to come, right AmericaTheBrave?
From the company website,
Thank you. This stock is a pearl IMO. A few weeks ago, we were at 0.32$, which was still undervalued (compared to its real highs some years ago!)
Good share structure. Go SSEBF!
*****Current Share structure*****
November 05, 2010
Share Structure
Common Shares Outstanding 79,850,365
Warrants 20,220,512
Options - Executive & Consultants 9,450,000
Fully Diluted 109,20,107
Nice stock ya got here. I'm doing a little DD tonight AmericaTheBrave. I'm thinking I'm gonna get a starter position here tomorrow. Drilling going on and more PR's coming on results!
WOW! News from May 3. (marketwire)
Silver Spruce Discovers Significant Gold/Silver Mineralization, Big Easy Property, Eastern Newfoundland
Highlights:
- Discovery of gold/silver zone at 0.87 g/T Au and 33.5 g/T Ag over 30.5 m, including 2.5 g/T Au and 74.1 g/T Ag over 7 m including 6.05 g/T Au and 174 g/T Ag over 1.5 m in DDH BE-11-3
- mineralization is associated with strong brecciation in the silicified/mineralized zone
- all holes intersected wide zones of mineralized (pyritic), silicified sedimentary units
- strike length of alteration / mineralization - 1 km - remains open along strike
- no previous drilling on property - a new gold/silver discovery
BRIDGEWATER, NOVA SCOTIA--(Marketwire - May 3, 2011) - Silver Spruce Resources Inc. (TSX VENTURE:SSE - News; FRANKFURT:S6Q - News) is pleased to provide an update on the Phase 1 diamond drilling progam at the Big Easy property in eastern Newfoundland. A total of seven holes (BE-11-1 to 7), totaling 1,577 m, were completed. The drilling has tested the zone 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, 2011 and April 8, 2011). The drilling is testing Induced Polarization (IP) targets and an altered (silicified) / mineralized area, which extends over an area of greater than 1 km by 500 m wide, narrowing to the north and south.
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 to246 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 the brecciated zone located between 228 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. An unidentified silvery metallic mineral tentatively identified as metallic carbon is noted on fracture surfaces in parts of the mineralized zone.
DDH BE-11-4, located approximately 190 m to the north of BE-11-3, but testing the zone further to the west and at shallower depths, gave a narrow anomalous zone of 0.41 g/t Au over 7 m from 95 m to 102 m, including 0.91 g/t Au over 3 m from 95 m to 98 m, including 1.09 g/t Au over 1 m from 97 m to 98 m. Other values in the 100 ppb (0.1 g/t) Au range over narrow widths up to 1.5 m were also noted. Ag results as part of the ICP analyses remain pending. Au/Ag results for hole 1, located approximately 110 m to the south of BE-11-3 and hole 2, approximately 100 m ahead of BE-11-3, both of which tested the zone at shallower depths, gave generally anomalous values of 30-60 ppb Au (0.03 to 0.06 g/T) with some scattered values in the 100 ppb (0.1 g/T) range over narrow widths of up to 1.5 m. Ag values are generally background with some values up to 3 ppm (g/T). The lower detection limit for Ag is 1 ppm in the ICP method used and most values are at the 1 ppm limit.
Holes 1, 2, 4 and 5 tested the altered / mineralized zone to a maximum vertical depth of 170 m, with most shallower, while Hole 3 tested the zone to a vertical depth of 230 m, with the Au/Ag zone located below 170 m vertical depth. Holes 6 and 7, located 500 m and 700 m to the north of holes 4 and 5, tested the zone to vertical depths beyond 200 m. True widths are not known, due to variable dips of the units, but are believed to be close to drill intersections.
Gouge zones, thought to represent fault or shear zones, are noted in all the drill holes, especially along the east and west contact areas, indicating that the system has been faulted either contemporaneously or post mineralization. The structural control on the mineralization is not yet known.
Core samples from holes 1 to 6 and the upper part of hole 7, have been submitted to the laboratory with complete analytical results received for holes 1 to 3 and Au values for all of hole 4. All other results are pending. Cutting of the remainder of the samples from hole 7 is continuing with samples submitted every few days. The rest of the results will be reported as received.
The 121 claim (30 km2) property, located near Thorburn Lake in eastern Newfoundland, was optioned from prospectors Alex Turpin and Colin Kendall. The option agreement, to earn a 100% interest subject to a 3% NSR with a 1.5% buyback for $1.5M, is a total of $110,000 plus 1.6 M shares over three years. A yearly advance royalty payment of $20,000 per year, deducted from future NSR payments, is payable from the 4th anniversary on. The second option payment, due on April 21, 2011, has been made.
Drill core is cut in half using a diamond core saw, with one half sent for analysis and the other half retained for study. Samples are 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. Some samples may also be analyzed for Hg using the ALHg1 technique. Values are checked by internal standards at the laboratory. Check sampling is also being carried out to check the accuracy of the main laboratory.
Plan maps of the drilling, the IP chargeability and resistivity and a compilation map for the property, plus pictures showing the drilling and the drill core, are also 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, RWM and the Straits and gold/silver projects 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.
13% Plus till now. Very good!
Still waaay undervalued if you look at the sharp decline we had in the last month. No fundamentals changed, but the stock dropped. Now we are recovering!
Great day for all longs. The dip is over IMO!
I know what you mean. I am sorry, but I haven't insight into the orderbook... And yes, I also think that there is something suspicious going on around here. (shorting)... But stay cool. Silver spruce has rare earth, silver, gold... what else do we need?
I got a general inquiry but first please excuse me if I use the wrong terminology as I am a beginner. Question: Does anyone have what I believe is call L2, the spreadsheet that shows what trades are being placed, buy, sell, Money Makers backing or shorting this stock. It seems to me someone is driving this PS down purposely, just a hunch?
And BTW, Silver Spruce is a real pearl: It has rare earths, gold, silver... What do you want more in these hard times?
The PPS is strongly undervalued at the moment. No reasons for it to be so low. I think we will see 20cents pretty soon
I just can't understand why the PPS keeps going down at this time. The stock is totally oversold at the moment
But nevertheless, thanks to the uprising silver price, the silver which is under the surface will become more precious, and therefore i expect the PPS to rise. I can't understand why the PPS fell down so much in the last weeks...
With regard to precious metals, I see Silver Spruce res. more or less as an advanced junior explorer.
well Silver Spruce isn't a silver miner, though they do have silver, just no targets or intention as far as I know
Silver Spruce has lots of potential to the upside. Totally oversold at the moment! With the fast rise in the silver price, a lot of people ask themselves, why the miners don't move up: It is becouse of the hedge fund, who are shorting them strongly! Just look at the performance of some miners during the 79/80 rally:
*Lion Mines – 1975 price: $0.07 / 1980 price: $380.....542,757%
*Azure Resources - 1975 price: $.05 / 1980 price: $109....217,900%
*Wharf Resources - 1975 price: $.40 / 1980 price: $560....139,000%
* Mineral Resources - 1975 price: $.60 / 1980 price: $415....69,067%
* Steep Rock - 1975 price: $.93 / 1980 price: $440....47,212%
* Bankeno - 1975 price: $1.25 / 1980 price: $430....34,300%
This mine will fly, once the shorters go out!
Silver Spruce Reports on Ongoing Diamond Drilling Program, Big Easy Gold/Silver Property, Eastern Newfoundland
08 Apr 2011 09:00 ET
Marketwire
Silver Spruce Resources Inc.
April 8, 2011 - 09:00:00 AM
Silver Spruce Reports on Ongoing Diamond Drilling Program, Big Easy
Gold/Silver Property, Eastern Newfoundland
BRIDGEWATER, NOVA SCOTIA--(Marketwire - April 8, 2011) - Silver Spruce
Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) -
Highlights
-- Three holes totaling 507 m completed to date, all holes have intersected
wide zones of mineralized (pyritic), silicified sedimentary units with
strongly brecciated zones.
-- Widest intersection - 245.6 m of altered (silicified) / mineralized
conglomerate in DDH BE-11-3.
Silver Spruce Resources Inc. is pleased to announce that diamond drilling at
the Big Easy property in eastern Newfoundland is ongoing with three of six
planned holes, totaling 507 m, completed to date. A contract for 2,000 m of
diamond drilling was given to Cabo Drilling of Springdale, NL for drilling on
the Big Easy property and the Rambler South Gold property in the Baie Verte
area (see news release dated March 24, 2011).
All three holes, at the south end of the alteration zone, at -50 degree dip
and approximately 100 m apart, the first ever drilled on the property,
collared in, and intersected, wide zones of strongly altered (silicified)
sedimentary units, generally pebble conglomerates, with some narrow coarse
sandstone interbeds, which carry variable pyrite mineralization. Overburden
ranges from 3 m to 5 m. Two of the holes (1 and 3) intersected unaltered, post
mineralization, mafic dikes over widths in the 15 m to 20 m range near the top
of the holes. Drill holes 1 and 2 were stopped in unaltered, unmineralized,
red conglomerate while hole 3 was stopped in an unaltered, unmineralized, fine
grained, green mudstone. The total lengths of the holes and the combined
widths of mineralized/silicified units intersected, (with dikes and overburden
removed), are: BE-11-1 - 107 m / 54 m; BE-11-2 - 98 m / 83.8 m; BE-11-3 - 302
m / 245.6 m. Brecciation is variable throughout the mineralized zone but is
more extensive in BE-11-3 especially in a section from 245 m to 272 m (27 m)
with pyrite ranging from trace to 10% over narrow intervals, averaging 3% to
5%. Similar brecciation was not noted in the surface trench mapping or
sampling. The orientation of the mineralized / altered zone, which is thought
to be fault bounded, remains unknown. Bedding dips at approximately 30 to 40
degrees, based on surface mapping of the trenches. Gouge zones, thought to
represent fault structures, were noted in drill hole 3, including at the
bottom of the 27 m brecciated section.
Trench channel samples indicate that the altered zone is anomalous in precious
metals (see news release dated August 26, 2010) with gold (Au) values ranging
from 30 ppb to 2,083 ppb with a mean of 71.7 ppb. Silver (Ag) values range
from 1.9 ppm to 13.4 ppm with a mean of 3.55 ppm. The highest gold value, 2083
ppb over 0.7 m, was in silicified sediments cut by a 1.5 m wide quartz vein in
Trench 5. Drill holes BE-11-2 and 3 were drilled along Line 7700 N,
undercutting Trench 5. Core samples from the first two holes and the upper
part (first 78 m) of hole BE-11-3 have been submitted to the laboratory.
Cutting of the samples is continuing and samples will be submitted every few
days. Results will be reported as received.
The drilling is testing Induced Polarization (IP) targets in an altered
(silicified) / mineralized area, which extends in a north-northwesterly
direction, over an area of greater than 1 km by 300 m to 500 m wide, narrowing
to the north and south. Gerard Lambert, a geophysical consultant who evaluated
the IP results, concluded: 1) Results indicate nine shallow (i.e., 25 m depth
or so) anomalous IP features, all of which are of the "non-conductive" type,
indicating disseminated to stringer sulphides, which extend through the
altered / mineralized area, in a north to north-northeast direction, and 2)
The IP anomalies appear to be grouped to form two linear trends, one of which
falls along the corridor of silicification in the central portion of the grid
which appear to show potential for outlining a significant pyritized zone (see
news release dated November 13, 2010).
The 121 claim (30 km(2)) property, located near Thorburn Lake in eastern
Newfoundland, was optioned from prospectors Alex Turpin and Colin Kendall. The
option agreement, to earn a 100% interest subject to a 3% NSR with a 1.5%
buyback for $1.5M, is a total of $110,000 plus 1.6 M shares over three years.
A yearly advance royalty payment of $20,000 per year, deducted from future NSR
payments, is payable from the 4th anniversary on.
Drill core was cut in half using a diamond core saw, with one half sent for
analysis and the other half retained. Samples were submitted to the
Acccurassay Preparation laboratory in Gambo, NL where they were 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. Some
samples may also be analyzed for Hg using the ALHg1 technique. Values are
checked by internal standards and check sampling will also be carried out.
Hand samples of the drill core plus pictures showing the core and drill
locations will be displayed at the Silver Spruce AGM, which is being held at
the Akerley Room, Park Place Hotel, 240 Brownlow Ave., Dartmouth, NS at 11:00
AM on Monday, April 11, 2011. All shareholders are invited to attend and hear
an update on the company's exploration activities. Plan maps for the proposed
drill holes, the IP chargeability and resistivity and a compilation map for
the property, plus pictures showing the drilling and the drill core, are also
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, RWM and the Straits and
gold/silver projects on the island of Newfoundland.
FOR FURTHER INFORMATION PLEASE CONTACT:
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
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.
It's funny there was some much good news coming out while the pps was crashing, and most all noise is about Pope now, Silver Spruce has quite a few other very attractive projects.
Just a sick buy at these levels.
I just got out of NBRI to get in more SSEBF.
What a lovely world.
BRIEF-Silver Spruce reports on diamond drilling
29 Mar 2011 09:11 ET
March 29 (Reuters) - Silver Spruce Resources Inc : * Reports on diamond drilling and geophysical surveys pope's hill ree
project-trans Labrador highway, Labrador * Says results indicate anomalous ree+y values over significant widths with
narrow high grade sections * Says no high grade, vein type, material, as located in float and bedrock in
the fall of 2010, was intersected
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
News Story
Silver Spruce Reports on Diamond Drilling and Geophysical Surveys Pope's Hill REE Project-Trans Labrador Highway, Labrador
29 Mar 2011 09:00 ET
Marketwire
Silver Spruce Resources Inc.
March 29, 2011 - 09:00:00 AM
Silver Spruce Reports on Diamond Drilling and Geophysical Surveys Pope's Hill
REE Project-Trans Labrador Highway, Labrador
BRIDGEWATER, NOVA SCOTIA--(Marketwire - March 29, 2011) - Silver Spruce
Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) -
Highlights
-- Results indicate anomalous REE+Y values over significant widths with
narrow high grade sections
-- No high grade, vein type, material, as located in float and bedrock in
the fall of 2010, was intersected
-- Geophysical compilation shows probable fault systems, parallel to the
drilling direction, crosscutting the mineralized trend
Silver Spruce Resources Inc. is pleased to announce final results from the
first phase diamond drill program in the MP showing area at the Pope's Hill
(PH) REE property. A total of 1120m in 10 drill holes (PH-11- 1 to 10) tested
the MP showing in the bedrock pit and another close by target on the Trans
Labrador Highway (TLH), approximately 100 km from Goose Bay (see news release
March 3, 2011). The first phase drilling was designed to test REE+Y
mineralized bedrock and float samples from the pit, that were found in the
fall of 2010, VLF-EM anomalies thought to represent shear systems, and
magnetic anomalies which could reflect the variably magnetic REE+Y
mineralization. The drilling tested an approximate 700m long zone of the known
7 km mineralized trend which lies within the 100 km strike length of the full
Popes Hill REE/U Trend.
Drill Results
All results have now been received. All drill holes received some sampling
however it was not necessarily continuous and was guided by radioactivity (Th
content), visual identification of prospective zones and magnetically
anomalous areas. Results indicate anomalous REE+Y values over significant
widths, with narrow high grade intersections in most holes (see attached table
for a summary of results). It is significant that none of the high grade, vein
type, material located in float and bedrock in the pit and along the highway
which gave an average of 5.73% TREE+Y, from the 31 samples taken over a 7 km
strike length (see news release Oct. 28, 2010) was noted in the drilling. The
orientation of these veins remains unknown. Eight of the holes (PH-11-1 to 6,
8, 9) were drilled across the geological trend in the MP showing in the pit
area. DDH PH-11-7 tested a bedrock showing and magnetic anomaly approximately
400m to the west of the MP showing and DDH PH-11-10 was drilled down dip at
the eastern end of the MP showing pit to test the potential for the higher
grade veins possibly crosscutting the lithology. As noted none of the high
grade veins were intersected in the drilling.
Geophysics
The final results for approximately 70 line km of magnetic and VLF-EM surveys
and subsequent compilation and interpretation, on the original PH property,
carried out by Abitibi Geophysics in December 2010 have also been received.
The results show lithological/alteration trends in a 070 degree direction
through the surveyed area. Abitibi (Berube, 2011) indicates "The MAG/VLF-EM
survey over the Popes Hill property has identified a total of 7 magnetic lows,
12 combined VLF-EM conductors/magnetic highs and 5 stand alone VLF-EM
conductors. These VLF-EM and magnetic signatures suggest the presence of
faults and shear zones that maybe available to REE mineralization" In
addition, interpretation of the magnetic results by Abitibi (Berube, 2011)
indicates three obvious crosscutting, probable fault or shear structures,
trending at approximately 150/330 degrees, one of which passes through the
area of the MP pit where most of the significant REE+Y bearing mineralization
was found. Given these results it is possible that the REE+Y mineralized veins
in the area may be related to these crosscutting structures and therefore
would not have been tested by the diamond drilling. Snow conditions made it
impossible to map the pit prior to the start of the drilling to define the
orientation of the veins and no follow up has been carried out to evaluate any
of the other geophysical targets or crosscutting structures on the original
property.
The diamond drilling has defined an area of anomalous REE+Y mineralization
hosted in the gneissic units in the Popes Hill area. Wide zones, up to 140m of
greater than 0.1% REE+Y mineralization has been noted with at least 4 holes
giving widths in the 50m range. Narrow (0.1-0.3m) zones of higher grade REE+Y
values in the 1 to 6% range are also found throughout most of the drill holes.
In addition strong Zr values generally greater than 1,000 ppm (0.1%) were
noted over wide intervals associated with the REE mineralization. The vein
type, high grade, REE+Y mineralization sampled in the prospecting survey in
the fall of 2010 was not intersected in this drilling although it is noted in
the MP showing on surface and in samples derived from the pit, scattered along
the TLH. The geophysical interpretation indicates that cross cutting
faults/shears are noted, with one of these cutting the geological units in the
MP showing area. It is possible that the high grade mineralization located in
the pit and in other locations over the 7 km strike of the original PH trend
is trending at 330 degrees essentially parallel to the drilling direction. It
is possible that the vein mineralization could have been remobilized from the
surrounding anomalous REE bearing units and then concentrated along the
crosscutting shears/faults. This possibility will be tested by exploration
planned for the spring/summer of 2011.
Planned work
Regional exploration including airborne radiometrics, magnetics and VLF-EM
will evaluate the PH belt for REEs and U in the summer of 2011. Detailed
exploration including gridding, prospecting, geological mapping, geochemistry
and ground geophysics will begin on the original PH group and the MRT property
as soon as snow conditions permit most likely in May.
The Pope's Hill REE/U trend, where SSE has interests in over 2,200 claims,
1,700 of which are 100% owned, extends over a 100 km strike length, and covers
government La/Ce lake sediments which indicate an anomalous REE trend and
where no REE/U exploration has been carried out. Uranium potential is also
shown, at least in the eastern portion of the belt, where the recently
optioned MRT property gave U values up to 0.8% (News Release Feb. 17/11).
Drill core was cut in half using a diamond core saw, with one half sent for
analysis and the other half retained. Samples were submitted to the Activation
Prep laboratory in Goose Bay where they are prepped and then sent to their
laboratory in Ancaster, ON for analysis using a Code 8 REE package which uses
a lithium borate fusion and then analysis by either ICP or ICP-MS. Values were
checked by Actlabs using internal standards.
A diamond drill plan map, a summary of the drill holes , the geophysical
compilation map and other information on the Pope's Hill REE Project and our
other REE projects can be found on the Silver Spruce website at:
www.silverspruceresources.com.
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 also has rare
earth element (REE) properties in Labrador - Pope's Hill, RWM and the Straits
and gold/silver projects - Big Easy and Rambler S, on the island of
Newfoundland.
This release has been approved by Peter Dimmell, P.Geo., Vice President of
Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as
defined in National Instrument 43-101.
The Corporation seeks Safe Harbour.
----------------------------------------------------------------------------
POPES HILL PROPERTY
----------------------------------------------------------------------------
Significant REE+Y values - 2011 DDH
----------------------------------------------------------------------------
DDH NO. FROM TO TOTAL (m) TREE+Y %
----------------------------------------------------------------------------
PH-11-01 56.6 67.6 11.0 0.26
----------------------------------------------------------------------------
incl. 62.2 62.3 0.1 2.94
----------------------------------------------------------------------------
incl. 66 66.1 0.1 4.79
----------------------------------------------------------------------------
and 90.6 103.4 12.8 0.20
----------------------------------------------------------------------------
incl. 92.1 93.6 1.5 0.76
----------------------------------------------------------------------------
PH-11-02 24 35.8 11.8 0.2
----------------------------------------------------------------------------
incl. 24 24.2 0.2 1.39
----------------------------------------------------------------------------
incl. 30.6 32.6 2 0.43
----------------------------------------------------------------------------
and 103 113.2 10.2 0.16
----------------------------------------------------------------------------
incl. 104.1 104.2 0.1 3.57
----------------------------------------------------------------------------
incl. 109.4 109.5 0.1 2.44
----------------------------------------------------------------------------
and 125 131 6 0.15
----------------------------------------------------------------------------
PH-11-03 2.4 59.5 57.1 0.15
----------------------------------------------------------------------------
incl. 2.4 16.3 13.9 0.22
----------------------------------------------------------------------------
incl. 7 36.5 29.5 0.2
----------------------------------------------------------------------------
incl. 12.5 13.5 1 0.99
----------------------------------------------------------------------------
incl. 15.9 16.3 0.4 1.69
----------------------------------------------------------------------------
incl. 15.9 22 6.1 0.39
----------------------------------------------------------------------------
incl. 21.8 22 0.2 2.72
----------------------------------------------------------------------------
PH-11-04 22 29.3 7.3 0.24
----------------------------------------------------------------------------
incl. 25.6 29.3 3.7 0.36
----------------------------------------------------------------------------
incl. 25.6 25.7 0.1 3.74
----------------------------------------------------------------------------
and 65.8 68.4 2.6 0.74
----------------------------------------------------------------------------
incl. 66.5 68.4 1.9 0.98
----------------------------------------------------------------------------
incl. 66.5 67 0.5 2.6
----------------------------------------------------------------------------
incl. 66.7 66.8 0.1 10.56
----------------------------------------------------------------------------
and 53.8 65.8 12 0.18
----------------------------------------------------------------------------
PH-11-05 8.3 55.7 47.4 0.16
----------------------------------------------------------------------------
incl. 8.3 8.5 0.2 5.26
----------------------------------------------------------------------------
incl. 16.1 16.2 0.1 1.41
----------------------------------------------------------------------------
incl. 46.5 46.6 0.1 3.64
----------------------------------------------------------------------------
incl. 52.5 52.6 0.1 6.96
----------------------------------------------------------------------------
PH-11-06 39 53.8 14.8 0.14
----------------------------------------------------------------------------
incl. 42.9 43 0.1 2.34
----------------------------------------------------------------------------
PH-11-07 7.5 7.7 0.2 0.56
----------------------------------------------------------------------------
PH-11-08 5.0 145.0 140.0 0.11
----------------------------------------------------------------------------
incl. 5.0 60.0 55.0 0.15
----------------------------------------------------------------------------
incl. 46.5 46.7 0.2 1.22
----------------------------------------------------------------------------
and 47.9 48.2 0.3 1.16
----------------------------------------------------------------------------
PH-11-09 6.0 58.0 52.0 0.11
----------------------------------------------------------------------------
incl. 7.4 7.6 0.2 4.36
----------------------------------------------------------------------------
and 48.3 50.7 2.4 0.41
----------------------------------------------------------------------------
PH-11-10 39.6 43.2 3.6 0.11
----------------------------------------------------------------------------
and 49.5 53.0 3.5 0.21
----------------------------------------------------------------------------
and 59.8 77.1 17.3 0.17
----------------------------------------------------------------------------
FOR FURTHER INFORMATION PLEASE CONTACT:
Silver Spruce Resources - 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: 1.866.68.4743 ext. 243 hugh@ascentacapital.com
www.ascentacapital.com
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.
Silver Spruce Reports on Start of Diamond Drilling Road Accessible, Big Easy Gold Silver Property, Eastern Newfoundland
24 Mar 2011 14:36 ET
Marketwire
Silver Spruce Resources Inc.
March 24, 2011 - 02:35:45 PM
Silver Spruce Reports on Start of Diamond Drilling Road Accessible, Big Easy
Gold Silver Property, Eastern Newfoundland
BRIDGEWATER, NOVA SCOTIA--(Marketwire - March 24, 2011) - Silver Spruce
Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) -
Highlights
- 1,400 m in six holes planned to test IP targets and epithermal, sinter type,
banded quartz veins
Silver Spruce Resources Inc. is pleased to announce that a contract for 2,000
m of diamond drilling has been given to Cabo Drilling of Springdale, NL. for
drilling on the Big Easy, gold/silver property in eastern Newfoundland and the
Rambler South Gold property in the Baie Verte area in the north-eastern part
of the province.
The drill is being mobilized to the Big Easy property where approximately
1,400 m in six drill holes is planned. Drilling should begin by the weekend.
The drilling will test Induced Polarization (IP) targets in an altered
(silicified) / mineralized area, which extends in a north-northwesterly
direction, over an area of greater than 1 km by 300 m to 500 m wide, narrowing
to the north and south. Gerard Lambert, a geophysical consultant who evaluated
the IP results, concluded: 1) Results indicate nine shallow (i.e., 25 m depth
or so) anomalous IP features, all of which are of the "non-conductive" type,
indicating disseminated to stringer sulphides, which extend through the
altered / mineralized area, in a north to north-northeast direction and 2) The
IP anomalies appear to be grouped to form two linear trends, one of which
falls along the corridor of silicification in the central portion of the grid
which appear to show potential for outlining a significant pyritized zone (see
news release dated November 13, 2010).
Dr. Greg Arehart, the Head of the Department of Geological Sciences and
Engineering at the University of Nevada in Reno, and a recognized expert in
epithermal and Carlin-type gold deposits who has visited the property,
comments: "the geology is clearly permissive of an epithermal system of
significant size (greater than 700 m of known strike length), and the
geochemical signature is also consistent with epithermal mineralization. Some
of the exposures appear to be near-surface sinter deposits, suggesting that we
are seeing the top of the system."
The 121 claim (30 km2) property, located near Thorburn Lake in eastern
Newfoundland, was optioned from prospectors Alex Turpin and Colin Kendall. The
option agreement, to earn a 100% interest subject to a 3% NSR with a 1.5%
buyback for $1.5M, is a total of $110,000 plus 1.6 M shares over three years.
A yearly advance royalty payment of $20,000 per year, deducted from future NSR
payments, is payable from the 4th anniversary on.
Plan maps for the proposed drill holes, the IP chargeability and resistivity
and a compilation map for the property are shown 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) 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, RWM and the Straits and
gold/silver projects on the island of Newfoundland.
The company seeks Safe Harbour.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silver Spruce Resources - 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
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.
Silver Spruce Reports on Diamond Drilling and Joint Venture Pope’s Hill REE Project - Trans Labrador Highway, Labrador
http://ca.finance.yahoo.com/news/Silver-Spruce-Reports-Diamond-accesswire-2405411826.html?x=0&.v=1
Let's do it, this company is a great value.
The correction has essentially run it's course. Silver Spruce Resources has plenty of short term support at $0.14 (though we did see an intraday breach of this level on 3/10/2011) and the MACD, the Elliott Wave oscillator (and other indicators) show the stock likely being currently oversold. With just over 109,000,000 shares, fully diluted, this company is currently dirt cheap. I have charted Silver Spruce (otc: SSEBF) from January 2010 to show the deep correction trending down to support.
I included two other tickers, with similar technical consolidation.
http://nationaleconomist.blogspot.com/
See you soon hopie.
I have friends in Labrador and everone is very excited about the thousands of jobs that are much needed . This is gonna FLY and soon
Just doubled my SSEBF position.
March 03, 2011
Silver Spruce Reports on Diamond Drilling and Joint Venture Pope's Hill REE Project - Trans Labrador Highway, Labrador
--------------------------------------------------------------------------------
Highlights
- 1,120 m in ten drill holes completed in the MP showing area
- results indicate anomalous REE+Y and Zr values over significant widths with narrow high grade sections
- JV partner for the Pope's Hill JV is Great Western Minerals Group
March 3, 2011 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that the first phase drill program on the MP showing at the Pope's Hill REE property has been completed. A total of 1120 m in 10 drill holes tested the MP showing in the bedrock pit and another close by target on the Trans Labrador Highway (TLH), approximately 100 km from Goose Bay. The first phase drilling was designed to test REE+Y mineralization, bedrock and float samples from the pit, found in the fall of 2010, VLF-EM anomalies thought to represent shear systems, and magnetic anomalies which could reflect the variably magnetic REE+Y mineralization.
The drilling tested an approximate 700 m long zone of the known 7 km mineralized trend. Samples from all ten holes have been submitted to the Activation Laboratories prep lab in Goose Bay. Results have been received for all samples from DDH PH-11-1 and 5 selected samples from DDH PH-11-4. The remainder of the results will be reported as received.
Results to date indicate anomalous REE+Y values over significant widths in DDH PH-11-1 as follows: 56.6-67.6 m (11 m) - 0.26% TREE+Y and 92.1-100.4 m (8.3 m) - 0.26% TREE+Y including 92.1-93.6 m (1.5 m) at 0.76% TREE+Y. The highest value located in hole 1 was 4.79% TREE+Y in a 0.1 m mafic unit from 66 to 66.1 m which was also elevated in P2O5 at 1.65% and Fe2O3 at 21.3%. In addition strong Zr values generally in the 1,000-2,000 ppm range were noted throughout the drill hole and a 2.4 m zone (58-60.4 m) was intersected carrying > 5 % P2O5 and > 32% Fe2O3 most likely representing a metamorphosed/altered iron formation carrying the mineral apatite.
The five selected samples from DDH-11-4 gave: 65.8-68.4 m (2.6 m) at 0.74 % TREE+Y including 66.5 -68.4 m (1.9 m) at 0.98%, including 66.5 -67 m (0.5 m) at 2.62% and including 66.7-66.8 m (0.1 m) at 10.3% TREE+Y. The anomalous units, mafic to granitic in composition, which were selected on the basis of anomalous scintillometer values, carry disseminated brown crystals which are variably radioactive. The samples also have Fe2O3 values ranging from 11.6% to 18.9% and P2O5 values from 0.44% to 1.77% indicating it is a similar unit to that noted in DDH PH-11-1. No veins or vein material, as sampled in the pit in the fall of 2010, (described further below) were noted in either drill holes 1 or 4. No mineralogical identification has been done on these samples.
Thirty-one selected grab samples taken on the property in September, 2010 (see news release dated Oct. 28, 2010) gave anomalous TREE+Y values with 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. TREE+Y values varied from a low of 0.07% to a high of 24.07% averaging 5.73% for the 31 samples, which included 7 "host rock" samples, with values 0.4% or lower. The anomalous trend has been traced over a 7 km strike length extending to the east, approximately 4 km, and to the west, approximately 3 km, from the MP showing. The highest REE values are in a dark grey to black sub-metallic to glassy mineral, with another mineral showing as reddish brown crystals or spots, in veins which are variably non-magnetic to moderately magnetic.
The drill results to date indicate that significant REE+Y, and Zr values are present in the MP showing, as wide zones of anomalous values with high grade zones over narrow widths within the anomalous zones. Nb and Th values are variably anomalous also with values up to 816 ppm Nb and 764 ppm Th, with higher values in these elements associated with the higher REE values. Nb values may be subdued due to phosphate interference in the analysis.
The company also updates the status of the Pope's Hill Joint Venture (JV). The 50/50 JV, which consists of 512 claims along the PH trend, located both to the east and west of the MP showing where the drilling was carried out, is with the Great Western Minerals Group (GWMG). A Letter of Intent (LOI) has been signed and the JV agreement is being drafted. GWMG will be the operator of the JV. Silver Spruce is pleased that a company such as GWMG, which is a fully integrated exploration / development / production company based in Saskatoon, has recognized the potential of the Pope's Hill trend and is working with SSE to explore it. Exploration plans will be announced once they have been formulated.
The Pope's Hill REE / U trend, where SSE has interests in over 2,200 claims, 1,700 of which are 100% owned, extends over a 100 km strike length, and covers government La/Ce lake sediments which indicate an anomalous REE trend and where no REE/U exploration has been carried out. Uranium potential is also shown, at least in the eastern portion of the belt, where the recently optioned MRT property gave U values up to 0.8 % (News Release Feb. 17/11). Regional exploration will evaluate the belt for REEs and U in the summer of 2011.
Drill core is cut in half using a core saw, with one half sent for analysis and the other half retained in the core library. The samples were submitted to the Activation Preparation laboratory in Goose Bay where they are prepped and then sent to their laboratory in Ancaster, ON for analysis using a Code 8 REE package which uses a lithium borate fusion and then analysis by either ICP or ICP-MS. Values were checked by Actlabs using internal standards.
A diamond drill plan map plus a summary of the drill hole information plus other information on the Pope's Hill REE Project and our other REE projects can be found on the Silver Spruce website at: www.silverspruceresources.com.
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 also has rare earth element (REE) properties in Labrador - Pope's Hill, RWM and the Straits and gold/silver projects on the island of Newfoundland.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
For Further Information, Contact:
Silver Spruce Resources
Head Office
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
Email: gbarnhill@silverspruceresources.com
Web: www.silverspruceresources.com
Investor Relations
Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll Free: 1.866.68.4743 ext. 243
Email: hugh@ascentacapital.com
Web: www.ascentacapital.com
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 Corporation seeks Safe Harbour.
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Acquisition of Extension Claims and Planned Diamond Drilling; Pope's Hill REE PropertyTrans Labrador Highway, South Central Labrador
01/28/2011 [ACCESSWIRE]
Highlights
- acquisition of 360 claims (90 km2) on eastern extension of the Pope’s Hill REE trend
- drilling planned, testing the MP REE showing area, to start week of January 31, 2011
January 28, 2011 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it has acquired another 360 claims on the eastern extension of the Pope’s Hill REE trend located on the Trans Labrador Highway (TLH) in south central Labrador. The claims cover lanthanum/cerium lake sediment anomalies in the Newfoundland government database plus structural features defined by government geological mapping and are contiguous with claims already held either as 100% owned properties or as 50/50 JV properties. The 100% owned property, with the newly staked claims included, now totals 1,708 claims (approx. 425 km2). One licence of 21 claims becomes part of the 50/50 JV announced earlier (News release November 30, 2010) as it lies within the area of influence of the JV properties. This increases the number of claims now in the JV to a total of 512 claims.
A contract for 1,000 m in approximately 15 diamond drill holes has been given to Cabo Drilling of Springdale, NL. The drilling program, designed to test geophysical and coincident prospecting targets in the area of the bedrock pit (MP showing) should start the week of January 31, with mobilization to Labrador planned for late in the week of January 24.
The PH trend extends across the Pope's Hill area, approximately 100 km from Goose Bay on the TLH, along and parallel to the Churchill River. The original claims cover REE mineralization located in October (see news release dated October 28, 2010) where all samples gave anomalous TREE+Y values with 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y, averaging 5.73% for the 31 samples, which included seven "host rock" samples, with values in the 0.1 – 0.4% range. Rock units are mapped by government surveys as granitic to mafic gneisses of late Paleoproterozoic age. Linear monzonite bodies, possibly related to a major structure, lie just to the north and south, along strike, of the mineralized area. Syenites and/or granitic units of peralkaline affinity have been noted.
Compilation maps showing the property locations, the geophysical results and a picture of the bedrock pit can be viewed on the company website at www.silverspruceresources.com.
All 2010 rock analyses were done at the Activation Laboratories (Actlabs) facility in Ancaster, Ontario after sample preparation at their facility in Goose Bay. The analysis is by their Code 8 REE package which uses a lithium borate fusion and then analysis by either ICP or ICP-MS. Values were checked by Actlabs using internal standards.
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 4000 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 districts. The company also has rare earth element (REE) properties in Labrador - Pope’s Hill, RWM and the Straits and gold/silver projects on the island of Newfoundland making Silver Spruce a leading explorer in Canada.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
For Further Information, Contact:
SILVER SPRUCE RESOURCES
HEAD OFFICE
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
E-mail: gbarnhill@silverspruceresources.com
Web: www.silverspruceresources.com
NEWS \
January 06, 2011
Ground Geophysical Surveys show Radiometric Anomalies associated with VLF-EM and Magnetics Pope's Hill REE Property, Trans Labrador Highway, South-Central Labrador
--------------------------------------------------------------------------------
Highlights
- Anomalous magnetic and VLF-EM trends identified across the surveyed area
- Radiometric survey shows radioactivity associated with REE mineralization in the pit and elsewhere on the grid
January 6, 2011 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce further results from ground geophysical surveys carried out on the 100% owned Pope's Hill (PH) REE property located on the Trans Labrador Highway (TLH) in south central Labrador. The 73 line km geophysical survey of magnetics, VLF-EM and limited radiometrics was carried out in December under contract by Abitibi Geophysics of St Johns, Newfoundland. The surveys were focused on the original 62 claim block, which covers a 5 kilometer long trend of rare earth mineralization located in bedrock and angular boulders along and just to the north of the TLH. The surveys included GPS controlled magnetics, with readings taken every 2 seconds, VLF-EM with readings at 12.5 meter spacing and radiometrics, also at 12.5 meter spacing, over selected areas, covering some of the magnetic and electromagnetic anomalies located (see news release dated Dec. 30, 2010). The radiometric survey was limited in extent due to inclimate weather and was further hampered by snow cover which can affect the readings. The survey covered two small areas (4 lines) at 200 m intervals in the area of the bedrock pit and an area further to the east (2 lines) at 200 m intervals, which extended from the highway to the Pinus river to the north. The rare earth mineralization is variably non magnetic to magnetic and is associated with thorium/uranium making the samples radioactive and therefore responsive to radiometric surveys. The REE mineralization also appears to be shear hosted and the shear systems appear to respond to the VLF-EM survey.
The magnetics and VLF-EM show a number of linear magnetic anomalies, both positive and negative, crossing the property in an ENE direction. A number of the VLF-EM anomalies are coincident with, or marginal to, the magnetic highs with others in the magnetic low areas. A VLF-EM anomaly, between magnetic high zones, possibly indicating a shear system, occurs coincident with the anomalous REE samples in the bedrock aggregate pit on the side of the TLH and extends along strike to the east and west. The radiometric survey over this area shows a relatively strong, 1,000-1,500 total counts per minute (tcpm) and thorium anomaly coincident with the pit area and coincident VLF-EM anomaly which extends to the east and west along strike, over a 100 m plus strike length, and which is open to the west. Radiometric anomalies of 500 to > 1000 tcpm over background were also located in the central part of the grid, approximately 2 km to the east of the pit. No follow up has been carried out.
The geophysical and coincident prospecting targets will be tested by a diamond drill program planned for late January, 2011. The exploration application for the diamond drill program has been submitted to the Newfoundland government and a drill bid request has been sent to five Newfoundland based diamond drilling companies.
The original PH 62 claim property (1,550 ha) is located in the Pope's Hill area, approximately 100 km from Goose Bay along the paved portion of the TLH. The claims were acquired to cover thorium and REE mineralization located in 2006 during uranium exploration when values of up to 7.9% total rare earth elements plus yttrium (TREE+Y) were located (see news release dated May 6, 2010). Thirty-one samples were taken in follow up exploration in October (see news release dated Oct. 28, 2010). All samples gave anomalous TREE+Y values with 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. TREE+Y values varied from a low of 0.07% to a high of 24.07% averaging 5.73% for the 31 samples, which included 7 "host rock" samples, with values < 0.2%. The anomalous trend has been traced over a 7 km strike length extending to the east, approximately 4 km, and to the west, approximately 3 km, from a bedrock aggregate pit on the TLH. The highest REE values are in a dark grey to black sub-metallic mineral in veins which are variably non magnetic to moderately magnetic. All of the REE bearing samples are weakly to moderately radioactive with significant thorium content and minor uranium values generally < 100 ppm.
Rock units on the claims are mapped as granitic to mafic gneisses of late Paleoproterozoic age, with some pegmatites. Linear monzonite bodies, possibly related to a major structure, lie just to the north and south, along strike, of the mineralized area. Syenites and/or granitic units of peralkaline affinity have been noted.
Maps showing the property location, a compilation map for the property, the geophysical results and a picture of the bedrock pit can be viewed on the company website at www.silverspruceresources.com.
A total of 1,297 claims (324 km2), extending 40 km northeast and 40 km southwest of the original showings, were acquired by SSE in late October (news release Oct. 28, 2010) to protect the on-strike extensions of the mineralized zone and strongly anomalous lake sediment values in La and Ce with values up to 690 ppm against a background of 30 ppm. The 100% owned property, with the original 62 claim property included, now totals 1,359 claims (approx. 340 km2).
Analyses on the Pope's Hill rock samples in 2006 were carried out at the ACME Laboratories facility in Vancouver, BC after sample preparation at Eastern Analytical in Springdale, NL. They were analyzed by a REE package (Group 4B REE), which consists of a 0.2 g sample treated by a LiBO2 fusion followed by an ICPMS finish. All 2010 rock analyses are done at the Activation Laboratories (Actlabs) facility in Ancaster, Ontario after sample preparation at their facility in Goose Bay. The analysis is by their Code 8 REE package which uses a lithium borate fusion and then analysis by either ICP or ICP-MS. Values were checked by Actlabs using internal standards.
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 6000 claims totaling more than 1,500 square kilometers in Labrador, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. The company also has rare earth element (REE) properties in Labrador - Pope's Hill, RWM and the Straits and gold/silver projects in Mexico and the island of Newfoundland making Silver Spruce a leading explorer in Canada and Mexico.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
For Further Information Contact:
SILVER SPRUCE RESOURCES
HEAD OFFICE
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
SSEBF,silver spruce,up nearly 10% on friday !!!
sp seems to be holding a trading range , not breaking either way !!!!!
maybe this needs a pump to wake it up , pps in a holding pattern for 6-7 months !!!
SSEBF,silver spruce , something about to happen ???
SSEBF,siverspruce, news/jan.20th !!!!
----
http://www.silverspruceresources.com/s/NewsReleases.asp?ReportID=334862&_Type=News&_Title=Final-Drill-Results-Received-from-Centauro-Project
news announcements from co. !!
____
dec.18th :: http://www.silverspruceresources.com/s/NewsReleases.asp?ReportID=332263&_Type=News&_Title=Silver-Spruce-and-Azimut-Report-Results-Hudson-Bay-Project-Nunavik-Quebec-G...
__
dec9th- http://www.silverspruceresources.com/s/NewsReleases.asp?ReportID=331303&_Type=News&_Title=Significant-Gold-Silver-Intersections-at-Centauro-Project
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BEDFORD, NS / ACCESSWIRE / April 16, 2021 / Silver Spruce Resources Inc. (TSX-V:SSE)(OTCQB:SSEBF) (the "Company" or "Silver Spruce") is pleased to report it has been approved to uplist its common stock on the OTCQB® Marketplace and commence trading effective today, April 16, 2021. The Company's "SSEBF" trading symbol in the United States will remain unchanged. There is no action required by current shareholders as a result of this change.
"Uplisting to the OTCQB demonstrates our commitment to providing existing and prospective shareholders with a greater degree of transparency and liquidity," stated CEO Mike Kinley. "It also exposes the Company to a broader range of institutional investors. Our OTCQB listing will now make it easier for U.S.-based investors to hold Silver Spruce shares in their Canadian brokerage accounts."
Link:
https://www.otcmarkets.com/stock/SSEBF/news/Silver-Spruce-Announces-Approval-for-Trading-on-OTCQBR-Marketplace?id=298518
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