Spruce Ridge Resources announces that it has closed a private placement for 10,000,000 million units at $0.02 per share for gross proceeds of $200,000. Each Unit consists of one common share at two cents per common share and one full warrant to acquire one additional common share of the Company at $0.10 per share for a period of five years from the date of closing. One director of Spruce Ridge subscribed for 3,500,000 [...]
Spruce Ridge Resources is pleased to announce a private placement of up to 20.0 million Units of common shares and warrants for gross proceeds of $400,000. Each Unit consists of one common share at $0.02 per common share and one full warrant to acquire one additional common share of the Company at $0.10 per share for a period of five years from the date of closing
Spruce Ridge Resources is pleased to announce that it has commenced diamond drilling operations at the 100% owned Great Burnt – South Pond copper-gold project which covers a series of copper ± gold rich VMS deposits in south-central Newfoundland. The Property is host to NI 43-101 compliant mineral resources including Indicated Resources of 442,000 tonnes at 2.50% Cu (24.4 million lbs of Cu) plus Inferred Resources of [...]
Spruce Ridge Resources is pleased to announce that it has entered into an option agreement with Anaconda Mining Inc., to sell the Viking and Kramer gold properties in Western Newfoundland. The Viking Agreement: To earn 100% interest in Viking, Anaconda is required to make aggregate payments to Spruce Ridge of $300,000 over a five-year term based on milestones to production including a final payment of $175,000 upon [...]
Spruce Ridge Resources is pleased to announce positive due diligence sampling results from the South Pond “A” Zone on the 100% owned Great Burnt Lake Property in Central Newfoundland. The South Pond “A” Zone or Copper Deposit is located 10 kilometres north of the Great Burnt Copper Deposit and has been delineated over a northeasterly strike length of more than 900 metres. It is up to 15 metres wide and dips at 60° west [...]
Spruce Ridge is pleased to announce further to our announcement dated February 27, 2015 that it has acquired 100% interest in the Great Burnt Copper Property in Central Newfoundland from Pavey Ark Minerals, subject to regulatory approval. The Great Burnt Copper Property consists of one mining lease and 5 mineral exploration licences (156 contiguous claim units) with a total area of 4,065 ha. The Property includes the [...]
Spruce Ridge Resources is pleased to announce that it has executed a letter of intent on an option agreement to acquire a 100% interest in the Great Burnt Copper Property in Central Newfoundland from Pavey Ark Minerals. The Great Burnt Copper Property consists of one mining lease and 5 mineral exploration licences (156 contiguous claim units) with a total area of 4,065 ha. The Property includes the Great Burnt Copper [...]
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