Silver Spruce is pleased to update exploration and research activities on the road-accessible, Big Easy gold/silver prospect in eastern Newfoundland. The prospect is associated with a large, altered (silicified) system that covers an area of approximately 1.7 kilometres by up to 300 metres wide. The prospect was drilled in 2011 and 2012, yielding significant gold (Au) and silver (Ag) values in several holes (news releases [...]
Silver Spruce is pleased to update shareholders on results recently released by Crosshair Energy on the former Central Mineral Belt JV properties on which Silver Spruce holds a 2% Net Smelter Return. Crosshair reported on August 22 that drilling on the Two Time deposit, on the CMB Northwest property, intersected mineralization at the expected depth over a significant interval (see results below), indicating the deposit is [...]
Silver Spruce is pleased to announce the results of its second phase diamond drilling program on the road-accessible, Big Easy gold/silver prospect in eastern Newfoundland. The 2012 drilling was designed to test the area of the wide gold /silver intersection in DDH BE-11-3 and to test a structural interpretation of mineralized veins noted in the seven hole (1,577 metres) 2011 drill program. The gold/silver mineralization [...]
Silver Spruce is pleased to announce that it has purchased the Anomaly 7 (A7) uranium property in the Central Mineral Belt (CMB) of Labrador from Virginia Energy Resources. The 446 claim (111.5 km2) property consists of two mineral claim licences in the western part of the Central Mineral Belt in Labrador. The company is acquiring a 100% interest, subject to a 2% Net Smelter Return (NSR) with a 1% buyback for $500,000 to [...]
BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 07/17/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE)
Highlights
-- Banded quartz-adularia/ chalcedony veins, typical of epithermal hot spring systems, up to 1 m wide were noted -- 821 core samples of alteration / veining, totalling 859.8m, were taken; results are pending -- 1,080 m in 5 holes tested the extensive altered/ mineralized zone over a 200 m [...]
BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 05/31/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE) is pleased to update the status of its various uranium (U) properties in Labrador. Uranium prices have remained relatively low since the earthquake / tsunami in Japan in 2011; however most observers expect prices to begin to rise in 2013 as demand for nuclear power, particularly in Asia and India, continues to grow [...]
Silver Spruce announces that it has closed its previously announced non-brokered private placement to raise gross proceeds of $191,400. The Offering consisted of the issuance of flow-through of Silver Spruce, meeting the criteria under the Mineral Exploration Tax Credit for "Super Flow-Through". The Super FT Units were offered at a price of $0.08 per Super FT Unit, and consist of one flow-through common share and one half [...]
Silver Spruce is pleased to announce that it is arranging a non-brokered private placement to raise gross proceeds of up to $500,000. The Offering shall consist of the issuance of flow-through of Silver Spruce, meeting the criteria under the Mineral Exploration Tax Credit or "Super Flow-Through". The Super FT Units are offered at a price of $0.08 per Super FT Unit, and consist of one flow-through common share and one half [...]
Main REE minerals are allanite, titanite, monazite and britholiteBRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 03/27/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE) is pleased to provide preliminary results for a mineralogical investigation on the Pope's Hill Rare Earth Element (REE) prospect in southern Labrador. Pope's Hill is a road-accessible, 100% owned, REE property located on the Trans-Labrador Highway (TLH [...]
BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 03/15/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE)(FRANKFURT: S6Q) - -- Significant REE and U mineralization noted in different areas in limited exploration -- 0.4% TREO/7.8 m, including 4.33% TREO over 0.5 m in Trenching -- Values to 0.83% U3O8 with five values greater than 0.12% U3O8 in outcrop/float grab samples
- commencement of trenching on the Pope's Hill Property, MP trend over 2 km strike length - regional soil geochemical survey - MRT property - to start before end of September - prospecting completed on RWM property, results pending - report on ...
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