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SSE Silver Spruce Resources Inc

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Share Name Share Symbol Market Type
Silver Spruce Resources Inc TSXV:SSE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Silver Spruce Reports More Significant REE Results Pope's Hill Trend, Trans Labrador Highway, NL

09/08/2011 2:00pm

Marketwired Canada


Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to
announce further results from prospecting and the airborne survey on the road
accessible Pope's Hill (PH), MRT, and Pope's Hill JV (PHJV) rare earth element
(REE) properties, which lie along the Pope's Hill Trend (PHT), to the north of
the Trans Labrador Highway (TLH) from 30 to 100 km to the west of Happy
Valley-Goose Bay in Labrador. Results for 68 of 125 samples (MRT - 27, PH - 98)
were released on July 21, 2011. A total of 170 samples have been submitted for
analyses from both the PH property including regional exploration and the MRT
property. Results have been received for 85 samples with the rest pending. All
samples were taken within 1.5 km of the TLH.


Prospecting, using scintillometers to locate radioactive mineralization on the
original PH property has extended the rare earth element (REE) mineralization in
outcrop along the MP trend, over an approximate 2.8 km strike length. The zone
appears laterally continuous extending along trend from the MP showing in the
pit on the TLH, through the T1 and T2 showings located 800 and 1,100 m,
respectively, to the T5 and T6 showings located 2,000 and 2,200 m respectively,
to the east of the MP showing in the vicinity of the brook where a boulder
running 24% total rare earth element plus yttrium (TREE) was found in 2010 (news
release dated October 28, 2010). Outcrops with massive, vein type, red/black
mineralization consisting of allanite, titanite, and apatite are located at the
MP showing, and in all the "T" showings with other areas of mineralization noted
between the showings but not yet fully exposed. The mineralized unit, a syenite
to monzonite, a minimum of 10 metres wide, carries green pyroxene crystals as
phenocrysts up to 5 cm long, and is open along strike to both the east and west.
The host rock unit appears to be generally conformable with the lithology, as it
appears the veins are also. The massive veins, up to 30 cm wide, are
characterized by pinch and swell structures with two parallel massive veins,
separated by 5-6 m of host rock noted in the T2, T5 and T6 exposures, with other
parallel zones carrying narrow veins within the host unit. Other massive veins
are exposed in hand dug pits up to 30 m across strike and these may also be part
of the same system indicating the mineralized unit could be much wider than now
exposed. 


Most of the samples have been taken from the moderately to highly radioactive,
massive veins and adjacent host rock. TREE results range from 0.03 to 25% with
the average of 41 outcrop/subcrop grab samples giving 5.3% including 14 samples
with values less than 0.5%. HREE percentages ranged from 1.2 to 47.6%, averaging
11.8%, including 33 values greater than 10% HREE. Fifteen samples gave P2O5
values greater than 2% with a high of 11.6% - this is important as preliminary
studies have shown that REE mineralization, with higher HREE content, is present
in apatite (calcium phosphate) and apatite content should be reflected by P2O5
values. Thorium values for the radioactive, higher REE samples, are generally in
the 0.2 to 0.3% range. Results for similar radioactive mineralization, on trend
of the zones located, and in other areas on the property, remain pending. The
higher grade mineralization, is similar to that located in the September 2010
prospecting survey which gave values averaging 5.73% TREEs, with a high value of
24%, in 31 samples taken over a 7 km strike length extending from 3 km to the
west of the MP showing pit to the Pinus River, 4 km to the east of the pit (News
release dated Oct. 28, 2010). The exposures will be further exposed by trenching
and then channel sampled to determine the grades and widths of the occurrences.


On the MRT property, located approximately 60 km to the east along the PH trend
from the original PH property, 3 significant values of 5.65, 5.96 and 10.4% TREE
were located in float (2) and outcrop (1) in the southern portion of the
property near the powerline where Th values were anomalous with two values
greater than 2,000 ppm. The 5.96% outcrop sample gave a HREE percentage of 16.7%
and a P2O5 value of 4.99%. In addition an area approximately 800 m in strike
length in the western part of the property gives four significant TREE values
ranging from 2.17% to 7.05% in limited sampling. Thorium values for the higher
REE sample values are generally in the 0.1 to 0.2% range. Other samples from the
area remain pending. 


Four uranium values greater than 500 ppm U (635, 727, 881 and 1,870 ppm) were
located in the southern part of the MRT property and appear unrelated to the
high REE values. The highest value was float sample while the others were
outcrop. Th values in these samples were a maximum of 391 ppm, giving a U/Th
ratio of approximately 2-3 to 1. 


Preliminary maps for the airborne radiometric, magnetic and VLF-EM survey on the
Pope's Hill trend (PHT) including the PH, MRT and the PH JV, a joint venture
with the Great West Minerals Group, have been received. The magnetics map the
lithologies, giving excellent information on their trends and possible fault
structures and the radiometrics are also useful for mapping and, using the Th
data, for targeting of the regional follow up. Significant linear Th anomalies
are noted in a number of locations along the PHT both between the original PH
property and the MRT property and to the southwest of the original PH property.
This data will be utilized, in conjunction with the regional geochemical data
derived from the summer work, to define areas for follow up exploration.


Regional work has consisted of stream sediment geochemical sampling with limited
prospecting carried out concurrently. A total of approximately 200 stream
sediment samples have been taken at approximately 300 m intervals on streams
draining the prospective areas to the north of the Churchill River and in the
Pinus River area. Samples are being submitted in batches as they are taken. All
results are pending. A number of radioactive zones have been noted and a number
of samples have been taken from these areas. These results also remain pending.


Follow up of prospects located in the detailed and regional work and the
airborne surveys will be carried out to allow trenching and drilling of targets
in the late fall and early winter. 


All 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. Uranium analyses are carried out using ICP
MS, with higher values re-run using a DNC technique. The laboratory uses
internal standards to check their analyses and blanks are included in each
sample batch.


Plan maps of the properties, showing the recent sample results, the airborne Th
radiometric and magnetic data plus pictures showing the area, the showings and
some of the higher grade samples, 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 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.


The company seeks Safe Harbour.

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