|November 03, 2011|
Update on REE Exploration - Pope's Hill / MRT Properties, Labrador
- Pope's Hill Property (MP trend) - channel sampling completed over 2.5 km strike length;
- MRT property - trenching completed, channel sampling to be completed shortly;
- Anomalous radioactivity and REE mineralization noted on both properties
Bridgewater NS, Canada - Nov. 3, 2011 / CNW - Silver Spruce Resources Inc. (TSXV:SSE) is pleased to provide an update on exploration on the road-accessible Pope's Hill and MRT, 100 per cent-owned, Rare Earth Element (REE) properties along the Trans-Labrador Highway (TLH) in southern Labrador.
Pope's Hill - The trenching and sampling program along the MP trend, over an approximate 2.5 km strike length, has been completed. The program was designed to expose and sample favourable, REE anomalous syenites and other units, which carry the high grade, up to 25 per cent Total Rare Earth Element (TREE) segregations (news releases Aug. 31, Sept. 27 and Oct. 20/11). Fourteen (14) excavator trenches, from 100 to 500 m apart, were evaluated to give grade/width information on the zones in preparation for a drilling program in the winter of 2012. Radioactivity, thought to represent thorium-bearing minerals associated with the REE mineralization, was used to guide the trenching and sampling. Total count values (cps) from background (<100 counts per second), to weakly anomalous (200-400 cps), to > 5000 cps were located in trenches with REE mineralization noted in a number of areas, both disseminated and as massive segregations up to 30 cm wide, in two hand dug trenches, 5 and 11A. Trench 15, located approximately 200 m from the TLH, to the south of the MP trend, gave anomalous (> 300 cps) to strong (> 2000 cps) radioactivity in three zones over widths up to 25 m. Mineralization in the trench 15 area is related to pegmatite veining carrying REE minerals such as allanite, similar to the MRT REE mineralization located 60 km to the east.
Washing, mapping and channel sampling has been completed, with all samples submitted to the laboratory. A total of 12 trenches were channel sampled, with approximately 290 samples taken over widths varying from 10 cm to 2 m. Trenches 9, 10, 13 and 14 were not sampled due to the low radioactivity noted and the lateness of the season, with snow and ice conditions making continued exploration very difficult. Results will be reported when received.
MRT - Trenching has tested two REE mineralized areas, approximately 75 m apart, in the southern part of the property, where TREE values up to 6.9 per cent were located in bedrock during prospecting surveys (news release August 9/11). Weakly to moderately anomalous radioactive units up to 25 m wide were exposed, consisting of felsic and mafic gneisses with values in the 250 to 500 cps range, cut by radioactive pegmatitic units, up to 1.5 m wide, with values up to > 2000 cps, carrying REE mineralization, mainly allanite and associated green pyroxenes. Channel sampling will be completed in the next few days and all samples will be submitted to the laboratory, with results reported when received.
Channel samples are transported to Activation Labs' preparation facility in Goose Bay by SSE personnel, then shipped to its laboratory in Ancaster, ON for analysis using its 8 REE package. The laboratory uses internal standards to check the analyses and blanks are included in each sample batch. Plan maps of the properties showing the sample results to date; the airborne thorium radiometric and magnetic data, plus pictures of the area; as well as the showings and some of the higher grade samples, including the trenching on the MP trend - PH property, are available on the Silver Spruce website.
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 Resources Inc.
Silver Spruce is a diversified junior exploration company with a portfolio of rare earth (Pope's Hill, Pope's Hill JV (with Great West Minerals Group), MRT, RWM and the Straits), gold silver (Big Easy), and for the longer term, uranium (CMBJV, Snegamook, Double Mer, Mount Benedict), projects in Newfoundland and Labrador. With interests in more than 4,000 claims totalling more than 1,000 square kilometres in Labrador, Silver Spruce is one of the largest landholders in one of the world's premier emerging rare earth and uranium districts. For more information go to www.silverspruceresources.com TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.
For further information contact:
Gordon Barnhill, CFO & Director
Silver Spruce Resources Inc.
For investor & media relations contact:
Pilot Communications Inc.
Phone: 709.753.0794 ext 31
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