2008 Winter Drill Program Planned for Mount Benedict
Property
Highlights
- Values to 0.35% U308
in outcrop and 0.73% U308 in boulders
- Submission of 2008 work
plans for Mount Benedict LIL and LISA lands
- Winter drilling planned to
test T-649 and Super 7 showings
- Significant values to 0.7 %
U308 located on the Makkovik River
property
December 6, 2007 - Bridgewater, NS - Silver
Spruce Resources Inc. (TSXV: SSE) is pleased to provide an update on
exploration work on its Makkovik River and Mount Benedict
properties, in the eastern portion of the Central Mineral Belt (CMB) of
Labrador. Both properties are 100-percent owned by Silver Spruce.
Mount Benedict Property
Work on the Mount
Benedict property
during 2007 consisted of prospecting airborne radiometric anomalies
located in the 2006 survey, and regional stream sediment sampling
surveys. Prospecting in the summer led to the discovery of two
significant high-grade uranium prospects -- the T-649, where five grab
samples averaged 0.5% (10 lbs/ton) U308 and
boulders with values to over 3% (60 lbs/ton) U308
were located; and the Super 7, with values to over 1.0% (20 lbs/ton) U308
-- both located on LIL (Labrador Inuit) lands. An archeological
assessment for the area has been completed and submitted to the
Nunatsiavut government and a work proposal to drill test both prospects
in the first quarter of 2008 has been submitted to both the Nunatsiavut
and Newfoundland and Labrador
governments.
A regional silt sampling survey initiated in mid-September covered the
northern portion of the property, on LISA (Labrador Inuit Settlement
Area) lands, using the town of Makkovik
as a base. Approximately 500 stream sediment samples were taken prior to
the onset of winter conditions. Results were positive, with a number of
areas giving first order, coincident U/Cu/Pb/Mo anomalies with uranium
values greater than 60 ppm (against a background of <10 ppm). Uranium
mineralization was also located in bedrock, with one value of 0.35% U308;
and in float boulders, with values from 0.026% to 0.25% U308.
Analytical results for stream sediment samples collected from drainages
proximal to the T-649 and Super 7 showings are similarly anomalous in
U/Cu/Pb/Mo. No follow up has been carried out. Results are shown on the
compilation map below.
2008 Work plans for the Mount Benedict property on LISA lands have been
submitted to both the Nunatsiavut and Newfoundland
and Labrador governments. Work planned
consists of airborne radiometric/magnetic surveys, prospecting, stream
sediment and soil geochemistry, geological surveys, RadonEx and
scintillometer ground surveys followed by drilling.
Makkovik River
Prospecting surveys, in conjunction with stream sediment sampling, were
carried out in late August and early September, prior to an airborne
radiometric/magnetic survey which was flown in late September. Uranium-bearing
boulders were located along a northeast trending zone, approximately
1,500 to 2,000
meters in length. Mineralization is hosted in
sheared/hematitized extrusive and intrusive rocks with float samples
giving values from 0.049% to 0.733% U308. Scintillometer
readings were taken along traverse lines where bedrock was exposed or in
areas where mineralized boulders were located. The results are shown on
the compilation map below, with the shading based on the scintillometer
values. No follow up has been carried out. The airborne survey results
are pending.
Detailed follow up work, consisting of prospecting, geochemical,
geophysical and geological ground surveys, followed by trenching and
drilling, if warranted, will be carried out in 2008.
About the Mount
Benedict and
Makkovik Properties
The Mount Benedict Property is a large contiguous block of 3,695 claims
(924 square kilometers), located 30 kilometers
southeast of Makkovik. It is located in part, (15 percent), on Labrador
Inuit Land (LIL), which is controlled by the Nunatsiavut Government. The
remaining 85 percent is on Labrador Inuit Settlement Area (LISA) lands,
which are jointly controlled by the Nunatsiavut and the Newfoundland
Government. The claims are 100-percent owned by Silver Spruce, subject to
a one percent NSR payable on production from 532 of the claims.
The Makkovik River Property consists of 200 claims (50 square
kilometers), located 30 kilometers to the east of Postville on
Labrador Inuit Settlement Area (LISA) lands. The claims are owned 100
percent by Silver Spruce.
About Silver Spruce
Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company
primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With interests in
more than 13,100 claims totaling approximately 3,275 square kilometers in
Labrador, Silver Spruce is the second
largest landholder in one of the world's premier emerging uranium
districts. Experienced partners and strong financial backing make Silver
Spruce a leading uranium 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 more information on the Company and its projects, please refer to the
website, www.silverspruceresources.com.
For Further
Information Contact:
The
TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. The Company seeks Safe Harbour.
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