|November 25, 2010|
Silver Spruce Resources Inc. to Commence Ground Geophysical Surveys Pope's Hill REE Property
- 73 kilometers of ground geophysics ( magnetic, VLF and radiometric survey) to be completed
November 25, 2010 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce it has awarded a contract for a 73 line km ground geophysical survey to Abitibi Geophysics of St Johns, Newfoundland. The work will be focused on the Pope's Hill (PH) original 62 claim block, which covers a 4 kilometer long trend of rare earth mineralization located in angular boulders and bedrock along the Trans Labrador Highway (TLH). Crews will be mobilized to the area during the week of November 22 and the surveys include GPS controlled magnetics, with readings taken every 2 seconds, VLF-EM on flagged lines with readings at 12.5 meter spacing, and radiometrics at the same sample spacing. The rare earth mineralization is variably magnetic, is associated with thorium and uranium values and is therefore radioactive and may be shear hosted which may respond to the VLF-EM survey.
The original PH property, acquired by SSE in May 2010, consists of a core 62 claims (1,550 ha) located in the Pope's Hill area, approximately 100 km from Goose Bay along the paved portion of the Trans Labrador Highway (TLH). The claims were acquired to cover thorium and REE mineralization located in 2006 during uranium exploration when values up to 7.9% total rare earth elements plus yttrium (TREE+Y) were located, with three samples giving values > 1% including two samples > 5% TREE+Y. The anomalous samples carry thorium with the highest thorium and REE values coincident (News Release May 6, 2010). Rock units on the claims are granitic to mafic gneisses of late Paleoproterozoic age, with some pegmatites. Linear monzonite bodies, possibly related to a major structure, lie just to the north and south of the mineralized area.
A total of 1,297 claims (324 km2), extending 40 km northeast and 40 km southwest of the original showings, were acquired by SSE in late October (news release Oct. 28, 2010) to protect the on-strike extensions of the mineralized zone and strongly anomalous lake sediment values in La and Ce with values up to 690 ppm against a background of 30 ppm. The SSE 100% owned property, with the original 62 claim property included, now totals 1,359 claims (approx. 340 km2).
Thirty-one samples were taken in follow up exploration in October (news release Oct. 28, 2010). All samples gave anomalous REE and Th values with twenty-two (22) giving values over 1% TREE+Y, including 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. TREE+Y values varied from a low of 0.07% to a high of 24.07% averaging 5.73% for the 31 samples. Two of the highest values (> 10%), were outcrop samples while the other three were from locally derived, angular float. The anomalous trend has been traced over a 4 km strike length extending to the east from a bedrock aggregate pit on the TLH, across a small brook which flows to the north, then eastward to the Pinus River. Overburden depths are not great (estimated at 2-3 m maximum) however outcrop is limited away from the road. One sample taken on the TLH where radiometrics showed anomalous counts per second, 30 km to the east of the original group, gave 0.3 TREE+Y.
The highest REE values are in a dark grey to black, sub metallic mineral in veins which are weakly to moderately magnetic and carry variable minor pyrite and pyrrhotite (2-4%). All of the REE bearing samples are weakly to moderately radioactive with significant Th content and minor uranium values (up to 461 ppm but generally < 100 ppm) and are non magnetic to moderately magnetic. No work has been carried out to characterize the minerals carrying the rare earth elements. These studies will be undertaken starting this fall. Compilation maps showing the property locations, plus a compilation map and pictures of the Pope's Hill area can be viewed on the company website www.silverspruceresources.com.
Analyses on the Pope's Hill rock samples in 2006 were carried out at the ACME Laboratories facility in Vancouver, BC after sample preparation at Eastern Analytical in Springdale, NL. They were analyzed by a REE package (Group 4B REE), which consists of a 0.2 g sample treated by a LiBO2 fusion followed by an ICPMS finish. All 2010 rock analyses are done at the Activation Laboratories (Actlabs) facility in Ancaster, Ontario after sample preparation at their facility in Goose Bay. The analysis is by their Code 8 REE package which uses a lithium borate fusion and then analysis by either ICP or ICP-MS. Values were checked by Actlabs using internal standards.
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 7,500 claims totaling more than 1,750 square kilometers in Labrador, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. The company also has rare earth element (REE) properties in Labrador -- Popes Hill, RWM and the Straits and gold/silver projects in Mexico and the island of Newfoundland making Silver Spruce a leading explorer in Canada and Mexico.
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 Further Information Contact:
SILVER SPRUCE RESOURCES
Gordon Barnhill, CFO & Director
Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll Free: 1.866.684.4743 ext. 243
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.
You can view the Next News item: Tue Nov 30, 2010, Silver Spruce Reports Acquisition of Extension Claims on the Pope's Hill REE Property South Central Labrador
You can view the Previous News item: Thu Nov 4, 2010, Silver Spruce Reports Results of Channel Sampling Brass Buckle and Krissy Zones - Rambler South Property, Nl
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