Silver Spruce Updates Exploration Activity and Plans for Summer Program
Published : June 01, 2011
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Keywords :   Bridgewater | Canada | Diamond | Gold | Market | Rare Earth | Silver | Uranium |

BRIDGEWATER, NOVA SCOTIA--(Marketwire - June 1, 2011) - Spruce Resources Inc. (News - Market indicators)(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.

Silver Spruce Resources Inc. - Head Office
Gordon Barnhill
CFO & Director
902.527.5700
902.527.5711 (FAX)
gbarnhill@silverspruceresources.com
www.silverspruceresources.com
or
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
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Silver Spruce Resources Inc.

EXPLORATION STAGE
CODE : SSE.V
ISIN : CA8282291043
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Silver Spruce Res. is a gold exploration company based in Canada.

Silver Spruce Res. holds various exploration projects in Canada.

Its main exploration properties are DOUBLE MER, STRAITS, CMB E, SEAL LAKE/SEAL LAKE NORTH, MOUNT BENEDICT, T-649 / SUPER 7, MAKKOVIK RIVER, TOKIALUK BAY, SNEGAMOOK, CENTRAL MINERAL BELT, CENTRAL NEWFOUNDLAND (CNL), TWO TIME ZONE, HUDSON BAY, POSTVILLE and 122 WEST in Canada and CENTAURO in Mexico.

Silver Spruce Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 623 261 as of today (US$ 455 877, € 426 062).

Its stock quote reached its highest recent level on February 11, 2011 at CA$ 3.60, and its lowest recent point on September 15, 2023 at CA$ 0.01.

Silver Spruce Res. has 31 163 053 shares outstanding.

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Financings of Silver Spruce Resources Inc.
4/9/2015Announces Private Placement
10/22/2012Announces Non=2Dbrokered Private Placement of Super Flow=2DT...
8/23/2010Private placement of up to $150,000 (non-flow-through)
8/16/2010Private placement of up to $400,000
12/31/2009Closing of private placements for $1,015,000 with MineralFie...
12/16/2009Private placement of up to $260,000 (non-flow-through)
12/14/2009Private placement of up to $700,000
5/25/2009Raises $315,000 in Flow Through Funds
11/14/2007Raises $6,325,000 in Flow Through Funds
10/17/2007Raise Up to $5,750,000 in Flow-Through Funds
6/22/2007Private placement of $1,788,000
Option Grants of Silver Spruce Resources Inc.
5/3/2010Grant of Stock Options
2/12/2009Announces Stock Options
Nominations of Silver Spruce Resources Inc.
6/16/2011Reports Management Changes
Project news of Silver Spruce Resources Inc.
1/16/2015(Big Easy)Encouraged by High Silver Values in "Classic" Quartz Adulari...
9/26/2013Cub Energy Inc. Reports Increased Share Ownership by its Lar...
10/18/2012(Big Easy)Completes Airborne Survey and Receives Check Assays for the ...
9/18/2012(Big Easy)s Exploration and Research Activity on the Big Easy Gold=2FS...
9/18/2012(Big Easy)s Exploration and Research Activity on the Big Easy Gold/Sil...
8/8/2012Acquires Labrador Uranium Property
7/17/2012(Big Easy)Completes Phase Two Diamond Drilling Programon Big Easy Gold...
9/13/2011(Central Mineral Belt)on Exploration on the MRT REE and CMBJV Uranium Projects, La...
7/15/2011(Central Mineral Belt)Reports Start of Field Work Including Planned Diamond Drilli...
7/14/2011Reports Results Of Diamond Drilling Krissy Trend - Rambler S...
6/23/2011(Big Easy)Reports Discovery of New Mineralized Alteration Zone 3.5 km ...
6/7/2011(Big Easy)Reports on Phase 1 Drilling on Big Easy Gold/Silver Property...
6/1/2011s Exploration Activity and Plans for Summer Program
4/8/2011(Big Easy)Reports on Ongoing Diamond Drilling Program, Big Easy Gold/S...
3/30/2011(Big Easy)Reports on Start of Diamond Drilling Road accessible, Big Ea...
3/29/2011(Popes's Hill)Reports on Diamond Drilli
2/17/2011Options U/ REE property on the Pope's Hill Trend Trans Labra...
2/8/2011(Popes's Hill)Begins Drill Program on P
1/29/2011(Popes's Hill)Acquisition of Extension Claims and Planned Diamond Drilling...
7/6/2010(Straits)Reports On Results Of Ree Analyses For Rock Samples
5/27/2010(Straits)REE (Lanthanum) And Thorium Results-Straits
2/23/2010(Centauro)Results for Northeast Area - 2nd Phase Drill Program
12/1/2009(Central Mineral Belt)New Uranium zones discovered on CMBJV
9/15/2009(Calvin Landing)Exploration Results Newfoundland Gold and Base Metal Propert...
9/10/2009(Centauro)Provides Updates on Newfoundland and Mexico Gold Exploration...
7/8/2009(Centauro)2nd Phase Drill Program Planned - Centauro Project, Chihuahu...
7/7/2009(Centauro)2nd Phase Drill Program Planned - Centauro Project, Chihuahu...
6/26/2009(Brook)Reports On Geochemical Results 20th Brook Lead/Zinc Property...
1/20/2009(Centauro)Final Drill Results Received from Centauro Project
1/13/2009(Calvin Landing)Options Gold Prospect – Central Newfoundland
12/18/2008(Hudson Bay)and Azimut Report Results - Hudson Bay Project, Nunavik, Que...
12/9/2008(Centauro)Significant Gold / Silver Intersections at Centauro Project
8/12/2008(Snegamook)Discovers New Uranium Zone on Snegamook Property
6/17/2008(Central Mineral Belt)Update on Drilling - Mount Benedict Property, Central Minera...
6/5/2008(Central Newfoundland (cnl))Reports Altered / Mineralized Felsic Volcanics – CNL Propert...
5/13/2008(Centauro) Drilling Begins on the Centauro Gold-Silver Property, Chihu...
4/24/2008(Snegamook) Encounters Wide Zones of Uranium Mineralization on Snegamoo...
2/27/2008(Centauro)Anomalous Gold, Silver and Mercury in Soils on Centauro Prop...
2/12/2008(Snegamook)Three drills working on Snegamook Property; Camp constructio...
1/8/2008(Snegamook)2008 Winter Program Begins on Snegamook and Mount Benedict P...
8/30/2007Third Phase Drill Program Intersects 17m of 0.109% U3O8
8/2/2007MORE HIGH GRADE URANIUM VALUES FROM THE 649 SHOWING AREA ON ...
7/26/2007High Grade Uranium Mineralization Discovered On Mount Benedi...
6/21/2007(Snegamook)32 meters of 0.103% U308 Discovered in Third Phase Drilling ...
Corporate news of Silver Spruce Resources Inc.
4/21/2016Silver Spruce Resources Inc Announces Closing of Non --Broke...
3/21/2016Silver Spruce Resources Reports Board of Director Changes
11/5/2015Silver Spruce Withdraws September Private Placement and File...
9/28/2015IIROC Trading Resumption - SSE
9/28/2015Silver Spruce Announces Non-Brokered Private Placement
9/28/2015IIROC Trading Halt - SSE
9/17/2015Silver Spruce Contracts Pilot Communications for Investor Re...
8/12/2015Silver Spruce Files Maiden NI 43-101 Report on Pino de Plata...
7/3/2015Silver Spruce Resources Announces Shares for Debt Settlement
6/29/2015Silver Spruce Resources Reports Additions to Its Board and A...
4/22/2015Silver Spruce Resources Bi-Weekly Filing Update
4/9/2015Silver Spruce Resources Inc. Announces Private Placement
4/8/2015Silver Spruce Resources Bi-Weekly Filing Update
3/25/2015Bi-Weekly Filing Update
3/25/2015Silver Spruce Resources Bi-Weekly Filing Update
3/12/2015Announcement
3/12/2015Silver Spruce Resources Announcement
2/26/2015Silver Spruce Resources Reports Management Changes
1/16/2015Silver Spruce Encouraged by High Silver Values in "Classic" ...
11/7/2014Silver Spruce Resources Closes Private Placement and Begins ...
10/30/2014Silver Spruce Resources Completes Consolidation and Closes F...
9/26/2014Silver Spruce Resources Inc. Plans Consolidation and Private...
5/29/2014Silver Spruce Reports on AGM Results and Exploration Plans a...
9/26/2013(Big Easy)Reports on Independent Assessment of its Big Easy Epithermal...
8/13/2013(Big Easy)s Results on Big Easy Epithermal Au/Ag Zone
4/19/2013Reports on Results of AGM Vote and Internal Loan
12/11/2012(Big Easy)Reports ET Zone Extension on the Big Easy Gold=2FSilver Prop...
10/18/2012(Big Easy)Completes Airborne Survey and Receives Check Assays for the ...
8/28/2012(Central Mineral Belt)Reports on Central Mineral Belt=2C Labrador Uranium Holdings
8/16/2012(Big Easy)Reports Encouraging Diamond Drilling Results from Big Easy ...
4/12/2012Announces Non-brokered
9/27/2011Update on REE Exploratio
9/16/2011Announces Review Process on Uranium Moratorium
8/31/2011Reports Continued Signifi
8/9/2011Reports More Significant
7/21/2011Reports Significant REE E
7/11/2011President's Letter
6/28/2011Starts Summer Exploration
6/24/2011Interview with Peter Dimmell, President & CEO
5/3/2011(Big Easy)Discovers Significant Gold/Silver Mineralization, Big Easy P...
2/22/2011s Drill Progress an
2/14/2011Renews Contract with Ascenta Capital Partners Inc. for Inves...
7/29/2010Updates Exploration Activities: Big Easy, Lobstick, Rambler ...
6/22/2010Reports on Activity on Claims with REE potential in Labrador
5/6/2010Acquisition of Claims with REE potential in Labrador
4/27/2010Reports Results for Uranium in Lake Sediments Lobstick Prope...
4/27/2010Reports Option of Gold / Silver Property and Results of Dril...
3/23/2010Begins Drilling on Rambler South and Lazyman Gold Properties
2/25/2010Reports on Metallics Assa
12/8/2009Reports Results for North Area - 2nd Phase Drill Program Cen...
12/1/2009Reports Significant Gold in Soil Geochemical Samples
10/29/2009Options New Uranium Prosp
10/22/2009Reports Gold Intersections in Drilling on Rambler South Prop...
9/29/2009Reports Discovery of Gold Zone - Rambler South Property
8/6/20092nd Phase Drill Program Begins - Centauro Project, Chihuahua...
7/16/2009Options Gold Prospect –
6/16/2009Completes First Pass Expl
6/3/2009Issues Options to New Director
5/26/2009Begins Exploration on the 20th Brook Lead/Zinc Property West...
12/4/2008Options Lead/Zinc Prospect -- Western Newfoundland
8/5/2008 Exploration on Labrador/Quebec Uranium and Mexico Gold-Silv...
5/5/2008Annual Options
4/29/2008 and Universal Uranium Ltd. Announce an Initial Mineral Reso...
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4/9/2008 and the Nunatsiavut Uranium Moratorium
4/7/2008 at the 2008 Calgary Resource Investment Conference
4/1/2008 Highlights
3/27/2008Drilling Begins on Mount Benedict Property, East End of Labr...
2/26/2008Drill Permit received for Mount Benedict Property
2/21/2008(Cmbnw)Update on 2007 Exploration - CMBNW Property
2/21/2008(Cmbnw)and Universal Uranium Ltd.: Update on 2007 Exploration-CMBNW...
1/31/2008Options Double Mer Property to High Tide Resources
12/18/2007and Universal Uranium Ltd.: Completion of Definition Drillin...
12/6/20072008 Winter Drill Program Planned for Mount Benedict Propert...
11/26/2007Update on Exploration - Snegamook Property, Labrador
11/14/2007Second Drill Mobilized to the Two Time Zone for Resource Cal...
10/15/2007Third Phase Drill Program Update
9/14/2007Labrador Inuit Land
8/27/2007Announces No Exposure to Coventree Inc.
8/23/2007Announces Results of Lake Sediment and Prospecting Surveys -...
8/14/2007Dr. George Findlay Appointed New Director
7/10/2007Mount Benedict Property Start of Follow Up; Acquisition of N...
7/5/2007Announces Rock Sample Results and Completion of First Pass E...
6/26/2007Detailed Sampling Discovers Highly Anomalous Lake Sediments ...
6/18/2007and Universal Uranium Ltd. to Consolidate all Canadian Urani...
6/14/2007Announces Start of 2007 Summer Follow up
5/23/2007Drilling at Mother Lode Gold Property
5/15/2007Third Phase Drill Program Starts on CMB NW Property
4/11/2007and Universal Uranium Announce Further Significant Mineraliz...
2/26/2007Signs Investor Relations Agreement with Longview Capital Par...
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