ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

SSE Silver Spruce Resources Inc

0.01
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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
  0.00 0.00% 0.01 0.01 0.015 0.01 0.01 0.01 5,000 01:00:00

Silver Spruce Starts Summer Exploration Program-Popes Hill REEs

28/06/2011 2:00pm

Marketwired Canada


Silver Spruce Resources Inc. (TSX VENTURE:SSE) - 

Highlights



--  Prospecting on original PH property locates new area of radioactivity
    over 700 m strike length 
--  Airborne radiometric / magnetic / VLF-EM Survey on Popes Hill Trend
    began June 24 
--  Ground radiometric (spectrometer) survey on original PH property
    underway 



Silver Spruce Resources Inc. is pleased to announce that the 2011 summer field
season on the Pope's Hill, Popes Hill JV and MRT, rare earth element (REE)
properties has begun with a seven person field crew working out of a field camp
on the Trans Labrador Highway, approximately 50 km from Happy Valley-Goose Bay.
Regional and detailed prospecting, geological mapping, stream sediment sampling,
detailed ground radiometric surveys on the original Popes Hill property and line
cutting and detailed prospecting on the MRT property is planned. A geochemical
survey has evaluated the efficacy of heavy mineral concentrate (HMC) and regular
stream sediments along the Popes Hill trend.


Prospecting on the original PH property has resulted in the location of moderate
to strong radioactivity with total count values of up to 3500 cps (background
less than  100 cps) associated with rock samples carrying massive vein type
mineralization of mixed grey to black and red unknown minerals, similar to
samples from the September 2010 prospecting survey which averaged 5.73% total
rare earth elements plus yttrium (TREEs), with a high value of 24% (News release
dated Oct. 28, 2010), in 31 samples taken over a 7 km strike length. The area
lies to the northeast of the MP showing pit and can be traced intermittently
over a 700 m strike length, remaining open along strike to the east and west.
Samples are mostly angular float, and/or subcrop, possibly indicative of a
nearby source. Diamond drilling in January (News release March 3, 2011) was not
successful in intersecting the high grade veins noted in float and outcrop in
the vicinity of the MP pit indicating that the high grade zones may be occurring
as pods of mineralization, possibly related to cross cutting, structural
features. 


Samples with moderate to strong radioactivity with total count values up to 3000
cps (background less than  100 cps) have also been acquired from the MRT
property, located approximately 65 km to the east along the PH trend from the
original Popes Hill property. Values up to 8.95% TREE's and 0.9% U3O8 were
located on the property in 2010 and early 2011 (see news release dated Feb. 17,
2011) during prospecting and due diligence sampling respectively.


Forty eight rock samples have been sent for analysis to date with others taken
but not yet gone to the laboratory. Results will be released as received. 


The airborne radiometric, magnetic and VLF-EM survey on the Popes Hill trend
including the Pope's Hill, MRT and Pope's Hill JV, a joint venture with the
Great West Minerals Group, began on June 24. The survey, being flown at 100 m
line intervals, consists of approximately 9,500 line kilometers. Contractor is
Tundra Airborne Surveys of Niagara Falls ON. The survey is expected to take
approximately 3 weeks. Preliminary results will be available as the survey
progresses to allow early follow up with the final survey results expected in 2
to 3 months.


Follow up of anomalies or showings located in the detailed and regional work and
the airborne surveys will be carried out once the regional work is completed, in
late summer and the early fall, to allow trenching and drilling of targets
located in the late fall and early winter.


The Company also announces that the Popes Hill JV, a 50/50 joint venture with
Great West Minerals Group (GWMG) has acquired another 247 claims covering a
prospective linear monzonite body, with associated REE lake sediment anomalies,
located to the north of the original JV claims to the east of the original Popes
Hill Property. This brings the total claims in the JV to 759 (190 km2).


Rock samples are transported to the Activation Labs preparation facility in
Goose Bay, then shipped to their laboratory in Ancaster, ON. for analysis using
their REE 8 package. Uranium analyses are carried out using an ICP technique,
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, plus pictures showing the area, the showings and
some of the higher grade samples are shown on the Silver Spruce website at
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.

1 Year Silver Spruce Resources Chart

1 Year Silver Spruce Resources Chart

1 Month Silver Spruce Resources Chart

1 Month Silver Spruce Resources Chart

Your Recent History

Delayed Upgrade Clock