Spruce Ridge Resources Ltd. is pleased to announce the completion of a 22-hole, 3100-metre program of infill diamond drilling on its wholly-owned Great Burnt copper deposit in central Newfoundland. Core from drill hole GB20-05 was selected for assaying on a priority basis because it included sections of unusually high grade copper mineralization. The hole intersected 27.2 metres averaging 8.02% Cu, including 7.75 metres [...]
Spruce Ridge Resources Ltd. is pleased to announce that diamond drilling will begin next week on its 100% owned Great Burnt copper-gold Volcanogenic Massive Sulphide property in South Central Newfoundland. The drill program will comprise approximately 3,500 metres. Highlights from the 2018 infill drilling on the Great Burnt Main Zone include 20.94 metres of 6.21% copper , including 6.98 metres of 10.71% Cu in dill hole [...]
Spruce Ridge Resources Ltd. is pleased to announce that effective September 8, 2020 it has entered into Amended Option Agreements with Magna Terra Minerals Inc. for both the Viking and Kramer Properties situated near the communities of Pollard's Point and Sop's Arm in White Bay, Newfoundland. The original Option Agreements for the Properties were entered into on February 5, 2016 between Spruce Ridge and Anaconda Mining[...]
Spruce Ridge Resources Ltd. - is pleased to announce that the previously announced dividend-in-kind of 2,500,000 shares of Canada Nickel Company Inc. held by the Company has been distributed to its shareholders as a direct deposit to their broker accounts or by Direct Registration Statement. Following completion of the share distribution, Spruce Ridge now owns 8,100,000 shares of CNC. For further information on the [...]
Spruce Ridge Resources Ltd. - announces an update to the dividend-in-kind of 2,500,000 of the 10,600,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge, previously announced on June 23, 2020 and June 26, 2020. Following the announcement of the Dividend, a number of outstanding warrants to purchase common shares of the Company were exercised prior to the close of business on July 6, 2020 . Based upon the [...]
Spruce Ridge Resources Ltd. is pleased to present this update on the Company's mineral exploration activities. Additional Infill Drilling on the Great Burnt Copper Deposit: The Company is planning to immediately commence a 3,000 metre program of infill diamond drilling on the Great Burnt Copper Deposit in central Newfoundland. The program is intended to firm up the Indicated and Inferred Mineral Resource estimate on the [...]
Spruce Ridge Resources Ltd. - is pleased to announce that its board of directors has declared a dividend-in-kind of 2,500,000 of the 10,600,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge. The Dividend is payable on August 28, 2020 to holders of record of Spruce Ridge shares at the close of business on July 6, 2020 . The CNC Shares were acquired by Spruce Ridge in connection with the previously [...]
Not for Distribution to U.S. Newswire Services or for Release, Publication, Distribution or Dissemination Directly, or Indirectly, in Whole or in Part, in or into the United States Spruce Ridge Resources Ltd. - announces further to its news releases of October 1, 2019 and February 19, 2020, that 10,000,000 common shares of Canada Nickel Company Inc. , issued to the Company in accordance with the termination agreement [...]
Not for Distribution to U.S. Newswire Services or for Release, Publication, Distribution or Dissemination Directly, or Indirectly, in Whole or in Part, in or into the United States Spruce Ridge Resources Ltd. - is pleased to announce that further to its news release of October 1, 2019, the Company has entered into an agreement with Noble Mineral Exploration Inc. and Canada Nickel Company Inc. to terminate the option and [...]
Spruce Ridge Resources Limited is pleased to announce that it has commenced a new, detailed, helicopter-borne EM and magnetic survey of the 2,870-hectare Great Burnt copper-gold project in south-central Newfoundland. The survey, carried out by Balch Exploration Consulting Inc., will comprise approximately 1,100 line kilometres, with 50-metre line spacing, using a Triumph AirTEM™ time-domain electromagnetic system [...]
Spruce Ridge Resources is pleased to announce that it has been advised by Canada Nickel Company Inc. of the assay results from the first nine diamond drill holes from the Company's 2019 exploration campaign at the Crawford nickel-cobalt project located just north of Timmins. All 9 holes drilled as part of its inaugural 2019 drill campaign have intersected nickel-cobalt-PGM mineralization in excess of 330 metres 4 holes [...]
Not for Distribution to U.S. Newswire Services or for Release, Publication, Distribution or Dissemination Directly, or Indirectly, In Whole or in Part, in or into the United States Spruce Ridge Resources Limited is pleased to announce the completion of the transfer of the Crawford NickelSulphide property to Canada Nickel Company Inc. . The transfer was completed pursuant to an implementation agreement dated as of November [...]
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