Spruce Ridge Resources Ltd. is pleased to announce that it has an agreement to purchase certain mineral leases with petroleum and natural gas rights, plus oil and gas wells, pipelines and facilities in the Unity area of southwestern Saskatchewan from Repsol Canada Energy Partnership. Included in the purchase are 793 ha of petroleum and natural gas rights from surface to the base of the Mannville Group with an average [...]
Spruce Ridge Resources Ltd. is pleased to provide a summary of progress towards a Preliminary Economic Assessment of the Great Burnt Copper Deposit in central Newfoundland. The PEA, which is being undertaken by P&E Mining Consultants Inc., will include an updated Mineral Resource Estimate and incorporate the results of metallurgical testing, and is expected to be complete by early Q4 2021. The updated Mineral Resource [...]
Spruce Ridge Resources Ltd. is pleased to announce final assay and analysis results from the 2020 diamond drilling program on the Great Burnt copper deposit in Central Newfoundland. A total of 3,114 metres were drilled in 22 holes. The table below gives weighted averages for the mineralized intersections in each hole. Assays for drill holes GB20-05 and GB20-20 were done on a "rush" basis and the results for those two [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has formed a joint venture with a private group of knowledgeable mining investors to explore VMS and gold targets on its Crawford Township property . Crawford Township is located within the Abitibi Clay Belt where clay and till cover average 30m. There is very little outcrop of geology and as a result exploration programs rely heavily on geophysical and [...]
Spruce Ridge Resources Ltd. announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement of flow-through shares . The Company will issue 11,546,142 flow-through shares at $0.14 per share for total proceeds of $1,616,460. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the [...]
Spruce Ridge Resources Ltd. is pleased to report the value of its marketable securities as at market close on Friday February 19, 2021. Closing Share Shares Price Market Owned 19-Feb-21 Value Canada Nickel Company 8,100,000 3.85 $ 31,185,000.00 Noble Mineral Exploration 10,000,000 0.17 1,700,000.00 Magna Terra Minerals 76,126 0.17 12,941.42 $ 32,897,941.42 The value of the marketable securities based on 148,364,764 shares [...]
Spruce Ridge Resources Ltd. is pleased to announce the value of its marketable securities as at market close on Friday February 12, 2021. Closing Share Shares Price Market Owned 12-Feb-21 Value Canada Nickel Company 8,100,000 3.220 $ 26,082,000.00 Noble Mineral Exploration 10,000,000 0.130 1,300,000.00 Magna Terra Minerals 76,126 0.185 14,083.31 $ 27,396,083.31 Total shares outstanding 148,364,764. Spruce Ridge holds [...]
Spruce Ridge Resources Ltd. is pleased to announce receipt of $75,000 anniversary option payment from Magna Terra Minerals Inc. . Spruce Ridge entered into an Amended Option Agreement for both the Viking and Kramer properties with Magna Terra . The Viking and Kramer Properties form part of the larger Viking and Great Northern Projects near the communities of Pollard's Point and Sop's Arm in White Bay, Newfoundland. Option [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement of flow-through shares for gross proceeds of $1,006,640 consisting of 7,189,000 Flow-Through shares at a price of $0.14 per share. The total amount raised was $1,616,640. In connection with the final tranche private placement, the Company will pay $48,612 in finders fees and [...]
Spruce Ridge Resources Ltd. announces that the Company intends to complete a non-brokered private placement of flow-through shares . The flow-through shares are priced at $0.14 per flow-through share for gross proceeds of up to $1,400,000 . The Company also announces the first tranche closing of $610,000 and issuing 4,357,142 flow through shares. In connection with the first tranche private placement, the Company will pay [...]
Spruce Ridge Resources Ltd. is pleased to announce the results of its 2020 Annual general of shareholders held on December 30, 2020. Results of the Meeting At the Meeting, the shareholders: Approved the election of the directors proposed by management of the Company, namely: Marc Askenasi, Colin Bowdidge, Michael Dehn, Zoran Popovic and John Ryan ; Confirmed the re-appointment of S & W LLP, Chartered Professional [...]
Spruce Ridge Resources Ltd. is pleased to announce assay results of a second hole - GB20-20 - of the recently completed 3,100-metre infill drilling program of the Great Burnt Main Zone copper deposit on the wholly-owned Great Burnt project in central Newfoundland. Hole GB20-20, like hole GB20-05, was selected for rush assaying because of the presence of massive to semi-massive chalcopyrite. The averages for GB20-20 are [...]
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