February 22, 2011
Highlights
- approximately 750 m in seven drill holes completed - MP showing area, TLH
- preliminary mineralogy indicates REEs are associated with titanite (sphene), apatite and pyroxene
February 22, 2011 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that approximately 750 m in 7 drill holes have been completed to date on the Pope's Hill REE project, located on the Trans Labrador Highway (TLH), approximately 100 km from Goose Bay. An additional 2-3 drill holes are planned in this program. The drilling is designed to test REE+Y mineralization in a bedrock pit (the MP showing) used for road construction during the building of the TLH over a strike length of approximately 300 m. The drill is targeting VLF-EM anomalies thought to represent shear systems, magnetic anomalies which may reflect the variably magnetic REE+Y mineralization and bedrock and float samples from the pit which were located in the fall of 2010. One or two drill holes may also test other targets close to the pit.
Extreme cold weather has slowed the drilling considerably. To date, samples from the first four holes have been sent to the laboratory. Results will be reported as received.
Thirty-one samples taken over the property in September, 2010 (see news release dated Oct. 28, 2010) gave anomalous TREE+Y values with 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. TREE+Y values varied from a low of 0.07% to a high of 24.07% averaging 5.73% for the 31 samples, which included 7 "host rock" samples, with values 0.4% or lower. The anomalous trend has been traced over a 7 km strike length extending to the east, approximately 4 km, and to the west, approximately 3 km, from the MP showing. The highest REE values are in a dark grey to black sub-metallic to glassy mineral, with another mineral showing as reddish brown spots, in veins which are variably non-magnetic to moderately magnetic.
Preliminary mineralogical results have been received from the team at Memorial University of Newfoundland (MUN) led by Dr. John Hanchar, PhD., P.Geo. Head of the Earth Sciences Department. The work includes thin section studies using cross polarized light and cathodoluminescence microscopy, powder X-Ray diffraction and scanning electron microscopy with energy dispersive spectroscopy, on some of the original 31 samples described above. This preliminary work, which has generated only limited data to date, indicates that REEs are associated with an alteration event, most likely potassic in nature, as shown by the strong microcline and other K rich feldspars. The predominantly granitic gneisses have been altered and mineralized with minerals such as titanite (sphene) and apatite mainly carrying REE minerals, with other minerals such monazite, allanite and REE/iron rich pyroxenes also noted. Work is continuing with further results to be released as they become available.
Information on the Pope's Hill REE Project and our other REE projects can be found on the Silver Spruce website at: www.silverspruceresources.com.
ABOUT SILVER SPRUCE
Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 4,000 claims totaling more than 1,000 square kilometers in Labrador, Silver Spruce is one of the largest landholders in one of the world's premier emerging uranium and REE districts. The company also has rare earth element (REE) properties in Labrador - Pope's Hill, RWM and the Straits and gold/silver projects on the island of Newfoundland.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
For Further Information, Contact:
Silver Spruce Resources
Head Office
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
Email: gbarnhill@silverspruceresources.com
Web: www.silverspruceresources.com
Investor Relations
Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll Free: 1.866.68.4743 ext. 243
Email: hugh@ascentacapital.com
Web: www.ascentacapital.com
- approximately 750 m in seven drill holes completed - MP showing area, TLH
- preliminary mineralogy indicates REEs are associated with titanite (sphene), apatite and pyroxene
February 22, 2011 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that approximately 750 m in 7 drill holes have been completed to date on the Pope's Hill REE project, located on the Trans Labrador Highway (TLH), approximately 100 km from Goose Bay. An additional 2-3 drill holes are planned in this program. The drilling is designed to test REE+Y mineralization in a bedrock pit (the MP showing) used for road construction during the building of the TLH over a strike length of approximately 300 m. The drill is targeting VLF-EM anomalies thought to represent shear systems, magnetic anomalies which may reflect the variably magnetic REE+Y mineralization and bedrock and float samples from the pit which were located in the fall of 2010. One or two drill holes may also test other targets close to the pit.
Extreme cold weather has slowed the drilling considerably. To date, samples from the first four holes have been sent to the laboratory. Results will be reported as received.
Thirty-one samples taken over the property in September, 2010 (see news release dated Oct. 28, 2010) gave anomalous TREE+Y values with 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. TREE+Y values varied from a low of 0.07% to a high of 24.07% averaging 5.73% for the 31 samples, which included 7 "host rock" samples, with values 0.4% or lower. The anomalous trend has been traced over a 7 km strike length extending to the east, approximately 4 km, and to the west, approximately 3 km, from the MP showing. The highest REE values are in a dark grey to black sub-metallic to glassy mineral, with another mineral showing as reddish brown spots, in veins which are variably non-magnetic to moderately magnetic.
Preliminary mineralogical results have been received from the team at Memorial University of Newfoundland (MUN) led by Dr. John Hanchar, PhD., P.Geo. Head of the Earth Sciences Department. The work includes thin section studies using cross polarized light and cathodoluminescence microscopy, powder X-Ray diffraction and scanning electron microscopy with energy dispersive spectroscopy, on some of the original 31 samples described above. This preliminary work, which has generated only limited data to date, indicates that REEs are associated with an alteration event, most likely potassic in nature, as shown by the strong microcline and other K rich feldspars. The predominantly granitic gneisses have been altered and mineralized with minerals such as titanite (sphene) and apatite mainly carrying REE minerals, with other minerals such monazite, allanite and REE/iron rich pyroxenes also noted. Work is continuing with further results to be released as they become available.
Information on the Pope's Hill REE Project and our other REE projects can be found on the Silver Spruce website at: www.silverspruceresources.com.
ABOUT SILVER SPRUCE
Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 4,000 claims totaling more than 1,000 square kilometers in Labrador, Silver Spruce is one of the largest landholders in one of the world's premier emerging uranium and REE districts. The company also has rare earth element (REE) properties in Labrador - Pope's Hill, RWM and the Straits and gold/silver projects on the island of Newfoundland.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
For Further Information, Contact:
Silver Spruce Resources
Head Office
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
Email: gbarnhill@silverspruceresources.com
Web: www.silverspruceresources.com
Investor Relations
Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll Free: 1.866.68.4743 ext. 243
Email: hugh@ascentacapital.com
Web: www.ascentacapital.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Corporation seeks Safe Harbour.
The Corporation seeks Safe Harbour.