

The Mount Benedict Property is a contiguous block of 4,057 claims (approximately 1,014 square kilometers) in the Benedict Mountains area, approximately 180 kilometres northeast of Happy Valley-Goose Bay and 30 to 70 kilometers south of Makkovik. The claims are 100% owned by Silver Spruce, subject to a 1.0% NSR payable to the optionor on any production from 532 of the original claims acquired in 2006. The property is located in part (15%) on Labrador Inuit Land (LIL), which is controlled by the Nunatsiavut Government. The remaining 85% is on Labrador Inuit Settlement Area (LISA) Lands, which are jointly controlled by the Nunatsiavut and the Newfoundland Government.
As a result of the T-649 discovery in the late summer of 2007, Silver Spruce acquired all the available crown land in the immediate area of the original 1,048 claims, bringing the property position to 3,695 claims (approx. 924 square kilometers). Continued staking has brought the property position to the 4,057 claims now held. Read more...
The Mount Benedict Property covers uranium in lake sediment anomalies located by the Newfoundland and Labrador government with anomalous values ranging from 10 ppm to 87 ppm against a background of less than five ppm hosted mainly in felsic plutonic rocks of the Benedict Mountains Suite, with some felsic supracrustal units noted. Parts of the area were covered by regional uranium exploration carried out by Brinex in the period from the 1950s to the 1970s. Based on this historical work, no uranium showings were known in the area.
Silver Spruce's exploration of the Mount Benedict Property has included compilation, airborne radiometric/magnetics, prospecting, stream sediment geochemistry, linecutting, environmental baseline and archeological studies. A 3,012-line-kilometre airborne radiometric/magnetic survey was carried out in 2006 on the original Mount Benedict properties. Compilation work was carried out in the winter of 2007, and ground follow up, consisting of prospecting and stream sediment geochemistry, began in early July 2007, utilizing ground crews and a helicopter. Linecutting, stream sediment geochemistry, prospecting, geological mapping and an environmental baseline study covered the northeastern portion of the Mount Benedict property in the summer of 2007. Prospecting led to the discovery of two significant high-grade uranium prospects, the T-649 Showing, where five grab samples averaged 0.5% (10 lbs/ton) U308 and boulders downstream of the showing gave values over 3.0% (60 lbs/ton) U308; and the Super 7 Showing, with values to over 1.0% (20 lbs/ton) U308.
A regional stream sediment geochemical survey covered the northern portion of the property, on Labrador Inuit Settlement Area (LISA) Lands in September/October 2007. Of the approximately 500 stream sediment samples taken, a number of areas gave first order, coincident uranium/copper/lead/molybdenum 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 uranium/copper/lead/molybdenum.
Minaskuat Limited Partnership, an environmental consulting firm based in Happy Valley-Goose Bay, Labrador, completed a baseline environmental survey in the general area of the T-649 and Super 7 Showings and an archaeological assessment was carried out over the same area in late fall of 2007. No significant archaeological sites were noted in the vicinity of the planned work.
A permit for the pre-drilling magnetometer surveys and diamond drilling on the T-649 and Super 7 showings and the summer work program on the property was received on February 22, 2008. As required under the permit, a public information session was held in Makkovik on February 29. A fully winterized camp had previously been established on a small lake approximately 50 kilometers to the south of Makkovik on Labrador Inuit Settlement Area (LISA) lands. The helicopter supported drilling is being monitored by an Inuit environmental monitor, as required under the permit.
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